Silvergate Capital Corporation Announces Third Quarter 2020 Results
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Silvergate Capital (SI) Tops Q3 EPS by 15c
October 26, 2020 6:26 AM EDTSilvergate Capital (NYSE: SI) reported Q3 EPS of $0.37, $0.15 better than the analyst estimate of $0.22.
Third Quarter 2020 Financial Highlights
Net income for the quarter was $7.1 million, or $0.37 per diluted share, compared to net income of $5.5 million, or $0.29 per diluted share, for the second quarter of 2020, and net income of $6.7 million, or $0.36 per diluted share, for the third quarter of 2019The Silvergate Exchange Network (SEN) handled 68,361 transactions in the third quarter of 2020, an increase of 70%, compared to 40,286 transactions in the second quarter of 2020, and an increase of 455% compared to 12,312 transactions in the... More