Silvergate Capital (SI) Tops Q2 EPS by 10c
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Silvergate Capital Corporation Announces Second Quarter 2020 Results
July 27, 2020 6:25 AM EDTLA JOLLA, Calif.--(BUSINESS WIRE)-- Silvergate Capital Corporation (Silvergate or Company) (NYSE: SI) and its wholly-owned subsidiary, Silvergate Bank (Bank), today announced financial results for the three months ended June 30, 2020.
Second Quarter 2020 Financial Highlights
Net income for the quarter was $5.5 million, or $0.29 per diluted share, compared to net income of $4.4 million, or $0.23 per diluted share, for the first quarter of 2020, and net income of $5.2 million, or $0.28 per diluted share, for the second quarter of 2019 Digital currency customers grew to 881 at June 30, 2020 compared to 850 at March 31, 2020, and 655 at June 30,... More