Silvergate Capital (SI) Tops Q1 EPS by 35c

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Go back to Silvergate Capital (SI) Tops Q1 EPS by 35c

Silvergate Capital Corporation Announces First Quarter 2022 Results

April 19, 2022 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, 2022.

First Quarter 2022 Highlights

Net income for the quarter was $27.4 million, compared to $21.4 million for the fourth quarter of 2021, and $12.7 million for the first quarter of 2021 Net income available to common shareholders for the quarter was $24.7 million, or $0.79 per diluted common share, compared to net income of $18.4 million, or $0.66 per diluted share, for... More