Silvergate Capital (SI) Tops Q3 EPS by 15c
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Silvergate Capital Corporation Announces Third Quarter 2020 Results
October 26, 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 and nine months ended September 30, 2020.
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 2019 The Silvergate Exchange Network (SEN) handled 68,361 transactions in the third quarter of 2020, an... More