Silvergate Capital (SI) Tops Q1 EPS by 3c

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Go back to Silvergate Capital (SI) Tops Q1 EPS by 3c

Silvergate Capital Corporation Announces First Quarter 2021 Results

April 20, 2021 6:25 AM EDT

LA 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 March 31, 2021.

First Quarter 2021 Highlights

Net income for the quarter was $12.7 million, or $0.55 per diluted share, compared to net income of $9.1 million, or $0.47 per diluted share, for the fourth quarter of 2020, and net income of $4.4 million, or $0.23 per diluted share, for the first quarter of 2020 The Silvergate Exchange Network (SEN) handled 166,772 transactions in the first quarter of 2021, an increase of 84%,... More