Silvergate Capital Corporation Announces First Quarter 2020 Results

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Go back to Silvergate Capital Corporation Announces First Quarter 2020 Results

Silvergate Capital (SI) Tops Q1 EPS by 5c

April 29, 2020 6:27 AM EDT

Silvergate Capital (NYSE: SI) reported Q1 EPS of $0.23, $0.05 better than the analyst estimate of $0.18.

First Quarter 2020 Financial Highlights

Net income for the quarter was $4.4 million, or $0.23 per diluted share, compared to net income of $3.6 million, or $0.19 per diluted share, for the fourth quarter of 2019, and net income of $9.4 million, or $0.52 per diluted share, for the first quarter of 2019Digital currency customers grew to 850 at March 31, 2020 compared to 804 at December 31, 2019, and 617 at March 31, 2019The Silvergate Exchange Network (SEN) handled 31,405 transactions in the first quarter, compared to 14,400 transactions in the fourth quarter of 2019,... More