#1svb> Q3 2022 Financial Highlights October 20, 2022#2svb> Contents 3 Snapshot and current environment 22 Performance detail and outlook drivers 35 Appendix 48 Non-GAAP reconciliations This presentation should be reviewed with our Q3 2022 Earnings Release and Q3 2022 CEO Letter, as well as the company's SEC filings. Q3 2022 FINANCIAL HIGHLIGHTS 2#3svb> Snapshot and current environment Q3 2022 FINANCIAL HIGHLIGHTS 3#4Q3'22 key takeaways Strength and momentum in underlying business svb> Successfully leveraging flexible liquidity solutions Continued pressure on client funds growth Strong and well-positioned Cementing client relationships Continued confidence in our strategy We are seeing record client acquisition, near record GFB loan term sheets and record PE/VC dry powder - all positive indicators of future business growth Our solutions help mitigate deposit declines, and when client funds growth returns, enable us to optimize our deposit mix and pricing by shifting higher cost deposits off- balance sheet We expect further declines in private investment, exit activity and market-related gains until public markets stabilize We have a high-quality, liquid balance sheet; expanded capabilities and earnings power; and resilient clients We are demonstrating our commitment to partnership with clients, as we have in past cycles, planting the seeds for future growth We believe the growth trajectory of the innovation economy will continue to outpace other industries over the long-term Q3 2022 FINANCIAL HIGHLIGHTS 4#5Q3'22 snapshot: Overall healthy performance despite pressured client funds and market-related revenues - prolonged public market volatility and increasing economic uncertainty limit FY'23 visibility Financial highlights Q3'22 performance +/- changes are vs. Q2'22 $368B EPS: $7.21* -5% Average client funds -$25.5B period-end Includes $185B -3% Average deposits -$11.1B period-end $99M -34% SVB Securities revenue², 3 svb> $71B +3% Average loans +$1.2B period-end Net Income: $429M ($36M) +$84M Warrant gains and investment losses net of NCI² $1.2B +3% Net interest income¹ $72M -$124M Provision for credit losses (driven primarily by growth and projected economic conditions) 1. Net interest income presented on a fully taxable equivalent basis. 2. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 3. Represents investment banking revenue and commissions. ROE: 13.62% $316M +10% Core fee income² *includes - $0.09 impact from $7M Pre-tax merger-related charges Q3 2022 FINANCIAL HIGHLIGHTS 5#640,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Continue to see strength and momentum in underlying business, despite market challenges Record -1,800 new clients in Q3'22 SVB commercial client count PE/VC ■ Other ■VC-Backed 2018 Core fees² $M 516 2018 9% CAGR 2019 Robust client investment fee margin expansion 642 Pre-VC-backed 2019 svb> 2020 603 2021 9/30/22 2020 751 2021 832 9/30/22 YTD Near record GFB loan term sheets and strong Tech, LS/HC borrowing activity Average loans $B 26 2018 34 22 30 2018 2019 32 24 37 Continued strong credit quality NPLs and NCOS Bps 2019 2020 23 20 55 2020 2021 14 21 69 2021 9/30/22 YTD NPLs ³ ■NCOS4 11 8 9/30/22 YTD Record dry powder Global dry powder¹ $B ■VC ■PE 1,477 219 1,258 2018 1,623 260 2018 1,363 1. Source: Preqin. As of October 3, 2022. 2. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 3. Non-performing loans as a percentage of period-end total loans. 4. Net loan charge-offs as a percentage of average total loans (annualized). 2019 1,976 325 2019 1,651 1,671 2020 Healthy profitability ROE 2,048 557 377 2,506 20.57% 20.03% 16.83% 17.10% Ilmi 2020 1,949 2021 9/30/22 13.22% 2021 9/30/22 YTD Q3 2022 FINANCIAL HIGHLIGHTS 6#7Trusted financial partner of the global innovation economy, especially in challenging times Meeting innovation clients' unique needs at all stages For nearly 40 years, we have helped the world's most innovative companies, their people and investors achieve their ambitious goals svb> Silicon Valley Bank Global commercial banking svb> Securities Investment banking svb> Private Private banking and wealth management Clients svb> Capital Venture capital and credit investing Startup (Early-Stage) Revenue <$5M Technology & Life Sciences/Healthcare A Venture- Funded Revenue $5M-$75M 2 Corporate Banking Revenue >$75M O Investors Private Equity Venture Capital R Individuals Entrepreneurs, Investors, Executives Unparalleled access, connections and insights to increase our clients' probability of success svb> Leveraging the combined power of our four core businesses to help clients navigate volatile markets We bank: Nearly half 9/30/22 YTD U.S. venture-backed technology and life science companies* 45% 9/30/22 YTD U.S. venture-backed technology and healthcare IPOs* * Source: PitchBook and SVB analysis. PRIVATE EQUITY & VENTURE CAPITAL CLIMATE TECH FINTECH LIFE SCIENCE CONSUMER ENTERPRISE & HEALTHCARE INTERNET SOFTWARE HARDWARE & FRONTIER TECH PREMIUM WINE Q3 2022 FINANCIAL HIGHLIGHTS 7#8Q3'22 highlights 1. Delivered 14% ROE even as prolonged public market volatility and increasing economic uncertainty kept public markets shut and continued to pressure private fundraising (U.S. VC investment down 40% QoQ), valuations and investment banking activity 2. Client funds net outflows, despite healthy inflows from private fundraising activity, as client cash burn has not adjusted to the slower fundraising environment; continued to leverage flexible liquidity solutions to shift off-balance sheet client funds on-balance sheet to mitigate deposit decline 3. NII and NIM have peaked - while higher rates benefit loan and cash yields, increases in interest-bearing deposits and short-term borrowings as a result of deposit net outflows are pressuring interest expense, driving quarterly NII and NIM declines for the remainder of the current rising rate cycle 4. Investment losses driven by private fund investments, as a small number of funds experienced substantial valuation declines due to portfolio company activity; markdowns from remaining funds were largely included in the adjustment for illiquid investments that was taken in Q2'22 5. Healthy loan growth driven by Technology and Life Science/Healthcare and Private Bank lending - while GFB loan term sheets are near all-time highs, capital call line utilization declined with slowing PE/VC investment activity 6. Continued strong credit quality as NCOs and NPLs declined; Q3'22 provision driven primarily by growth and projected economic conditions 7. Robust core fee income* growth as Fed rate hikes drove improved client investment fee margin 8. Lower SVB Securities revenue* as persistent market volatility and deal closing delays reduced number of transactions 9. Completed U.K. subsidiarization and launched new Sweden representative office, reflecting EMEA region's compelling long-term growth opportunity 10. Lowering FY'22 deposit, NII and NIM outlook to reflect challenging operating environment; improving FY'22 NCO outlook based on strong YTD credit performance 11. Limited FY'23 visibility - expect continued declines in private and public fundraising activity until public markets stabilize, pressuring deposits; although the timing is uncertain, record client acquisition, near record GFB loan term sheets and record PE/VC dry powder suggest it's a matter of when, not if, our markets rebound svb> * Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. Q3 2022 FINANCIAL HIGHLIGHTS 8#9Client cash burn has not adjusted to slower fundraising environment, pressuring total client funds U.S. VC-backed investment activity¹ $B Slowing VC deployment is reducing client funds inflows ● Private fundraising is a key driver of client funds growth ● Our private fundraising inflows generally equate to ~50% of U.S. VC investment activity¹, 2, in line with our market share of U.S. VC-backed tech and life science companies Q3'22 U.S. VC investment declined 54% vs. Q4'21's high, as prolonged public market volatility kept investors on the sidelines While private fundraising inflows are still healthy, client cash burn remains elevated, driving net outflows Estimated client cash burn has increased over 2x since pre-2021 levels and has not adjusted to the slower fundraising environment² We expect client funds growth will resume when VC investment improves and client cash burn normalizes, even if VC investment does not return to 2021 levels svb> QoQ average TCF change (+/-) 39 Other inflows (primarily operating inflows) Public fundraising Private fundraising Outflows (primarily cash burn) 36 3.0 37 5.5 33 7.4 39 6.8 37 8.6 48 QoQ average total client funds ("TCF") by client activity (management's approximation)² $B 11.8 45 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 78 24.1 24.3 1. VC data sourced from Pitch Book. Investment data has been updated with PitchBook's proprietary back-end data set and filters which has resulted in prior period revisions. 2. Determination of TCF changes by client activity is an illustrative approximation based on management assumptions and analysis of SVB client and PitchBook data; assumes each client's total change in average balances is attributed to one of the following activities: fundraising, other inflows or outflows. 83 90 36.6 93 45.9 46.6 80 36.0 72 6.2 43 -10.2 -18.4 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 + Q3 2022 FINANCIAL HIGHLIGHTS 9#10Leveraging flexible liquidity solutions to mitigate deposit outflows Robust client funds franchise, with flexibility to shift liquidity on- or off-balance sheet 40+ liquidity management products to meet Noninterest-bearing deposits Interest-bearing deposits Off-balance sheet managed funds Off-balance sheet sweep funds Off-balance sheet repo funds 4% Life science/ healthcare International² U.S. Global Fund Banking Private Bank Other svb> 22% 18% 24% Total client funds by client niche¹ Early stage technology Technology Early stage life science/ healthcare 3% $354B TCF 14% 23% 8% 7% 1% $177B Deposits 20% 27% 29% ● Clients' operating cash typically held in on-balance sheet noninterest-bearing deposits Clients' excess liquidity generally held in on-balance sheet interest- bearing deposits or off-balance sheet client funds Flexible liquidity solutions enable us to shift client funds on- or off- balance sheet 3% 13% 22% 8% $177B OBS 23% 31% Note: All figures as of September 30, 2022 unless otherwise noted. 1. Represents management view of client niches. 2. International balances do not tie to regulatory definitions for foreign exposure. Includes clients across all client niches and life stages, with International Global Fund Banking representing 3% of total client funds. 3. Based on deposit rates and total deposit balances at September 30, 2022. Actions to support deposits are pressuring deposit beta and mix 53% 9/30/22 noninterest- bearing share of total deposits 83 bps 9/30/22 weighted average spot deposit rate (total deposits)³ ~45-50% Estimated 12/31/22 noninterest-bearing share of total deposits 56% 9/30/22 YTD interest- bearing deposit beta ~65% Expected through- the-cycle interest- bearing deposit beta Leveraging flexible liquidity solutions that allow us to allocate funds on- or off- balance sheet When client funds growth returns, these flexible liquidity solutions can help us optimize our deposit rates and mix by shifting higher-cost deposits off-balance sheet Q3 2022 FINANCIAL HIGHLIGHTS 10#11Deposit mix shift and beta are pressuring asset sensitivity Flexible liquidity solutions can help regain some asset sensitivity when VC deployment increases and client funds growth returns Assumptions² Estimated increase in annualized pre-tax NII per each 25 bp increase in rates¹ NIB % of total deposits Modeled interest- bearing deposit beta Short-term borrowings Receive floating swaps Deposits Loans Fixed income securities 6/30/22 static balance sheet svb> + $75M to + $90M Recent interest rate risk management activity ♥ 61% 60% $3.7B $6B $187.9B $71.0B $122.0B 9/30/22 static balance sheet + $10M to + $25M 53% 65% $13.6B $OB $176.8B $72.1B $120.0B Q4'22 expectations - $5M to + $15M ~ 45-50% ~ 65% - $14-18B avg. borrowings $550M ~ $168-172B avg. deposits ~ $72-74B avg. loans ~ $2-3B paydowns Unwound $6B AFS fair value hedges (receive floating swaps) in Jul '22, locking in $313M pre-tax gains³ Termed out $10B borrowings in Oct ¹22 Executed $550M receive floating swaps on AFS portfolio in Oct '22 Each percentage point decrease in NIB % of total deposits reduces estimated NII benefit by - $3M (pre-tax) Each percentage point increase in deposit beta reduces estimated NII benefit by $2M (pre-tax) 2 1. Expected 12-month impact of a +25 bp rate shock on net interest income. Management's sensitivity analysis assumes an instantaneous and sustained parallel shift in rates. Actual results may differ. 2. Assumptions for 6/30/22 and 9/30/22 static balance sheet scenarios based on period-end balances for the referenced periods. 3. $12M gains amortized into interest income in Q3'22. Remaining $301M gains to be amortized into interest income over the life of the related securities (-7 years). 4. Based on Q3'22 off-balance sheet client investment fund average balances. Client investment fees continue to benefit from rate hikes Estimated increase in annualized pre-tax client investment fees for each 25 bp increase in short-term rates4: Client investment fees Client investment fee margin +~$20-40M +~1-2 bps Q3 2022 FINANCIAL HIGHLIGHTS 11#12Lowering FY'22 deposit, NII and NIM outlook; improving FY'22 NCO outlook Prolonged public market volatility and increasing economic uncertainty limit FY'23 visibility Outlook considerations • Expect private and public fundraising activity to continue to decline until public markets stabilize, pressuring deposit balances while client cash burn takes time to normalize from current elevated levels While client funds growth remains challenged and Fed rate hikes persist, expect NII and NIM to decrease as balance sheet declines and funding mix shifts towards interest-bearing deposits and short-term borrowings Improving FY'22 NCO outlook due to strong YTD credit performance • Prolonged public market volatility and increasing economic uncertainty present challenges for providing outlook beyond Q4'22 Note: Outlook excludes impact of potential changes to the forward curve, adverse developments with respect to U.S. or global economic or geopolitical conditions, and regulatory/policy changes under the current U.S. government administration svb> Business driver Average loans Average deposits Net interest income² Net interest margin Net loan charge-offs Core fee income³,4 SVB Securities revenue ³,5 Noninterest expense excluding merger-related charges6 Effective tax rate FY'21 results $54.5B $147.9B 5. Represents investment banking revenue and commissions. 6. Excludes pre-tax merger-related charges ($39M incurred 9/30/22 YTD and estimated $5-10M in Q4'22). $3,179M 2.02% 0.21% $751M $538M $2,941M 26.2% FY'22 vs. FY'21 current outlook High 20s % growth Mid 20s % growth (vs. high 20s % at 7/21/22) Low 40s % growth (vs. mid 40s % at 7/21/22 which assumed no changes in rates) 2.15-2.25% (vs. 2.15-2.25% at 7/21/22 which assumed no changes in rates) 0.07-0.12% (vs. 0.15-0.35% at 7/21/22) High 50s % growth (vs. mid 50s % at 7/21/22 which assumed no changes in rates) $460-500M Low 20s % growth 25-27% Note: Actual results may differ. For additional information about our financial outlook, please refer to our Q3 2022 Earnings Release and Q3 2022 CEO Letter. 1. Implies Fed Funds rate of 4.00% in November and 4.75% in December. 2. NII is presented on a fully taxable equivalent basis, while NII guidance excludes fully taxable equivalent adjustments. 3. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 4. Excludes SVB Securities revenue. Outlook now includes rate changes implied by 10/17/22 forward curve¹ Q4'22 expectations - $72-74B - $168-172B - $1,000-1,050M ~ 1.95-2.05% ~ 0.05-0.25% - $345-360M ~ $95-125M - $940-970M ~ 25-27% Q3 2022 FINANCIAL HIGHLIGHTS 12#13Well-positioned to support our clients and navigate challenging market conditions Sal OSC Pr svb> Strong execution Trusted partner Robust, resilient markets Ample liquidity Strong credit and asset quality Strong capital Proven experience ● ● ● Active client engagement + investments to deepen and expand our business help support earnings through rate and economic cycles Nearly 40 years serving innovation clients Committed partnership with our clients to promote better outcomes Remain confident in the long-term growth opportunity of the innovation economy Highly-liquid balance sheet with multiple levers to manage liquidity position while client funds growth remains pressured Long track record of strong underwriting and resilient credit performance 87% of assets in high-quality investments and low credit loss experience lending* Strong foundation to manage shifting economic conditions while investing in our business Deep bench of recession-tested leaders supported by strong global team * Based on cash, fixed income investment portfolio and Global Fund Banking and Private Bank loan classes of financing receivables as of September 30, 2022. Q3 2022 FINANCIAL HIGHLIGHTS 13#14Long-term tailwinds supporting the innovation economy remain intact U.S. VC investment, company formation and the Digital Economy's share of GDP Digital economy's share of GDP¹ 7000 6000 5000 4000 3000 2000 1000 6.0% svb> U.S. VC Investment (in $ Billions TTM)² Dotcom Bubble Crash 7.8% 8.7% - U.S. VC-Backed Company Formation (TTM)² 0 2000 2005 2010 2015 2020 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Global Financial Crisis 9.2% 10.2% VC Recalibration³ Early Fed COVID-19 Tightening $400 $350 $300 $250 $200 $150 $100 $50 S 1. Digital economy's share of GDP as defined and measured by the Bureau of Economic Analysis used as a proxy for the innovation economy. 2. VC investment and company formation data sourced from PitchBook. First VC round raised used as a proxy for company formation. 3. Pullback in VC investment. 4. Unicorn data sourced from PitchBook. Includes U.S. VC-backed companies that have reached and maintained at least a $1B post-money valuation through time of exit. 5. Source: Preqin. Global VC dry powder was $0.6T and global PE dry powder was $1.9T as of October 3, 2022. Innovation drives economic growth Great companies are founded across business cycles The innovation economy grew at 2.4x the rate of the overall U.S. economy between 2000-2020¹, and COVID-19 has since accelerated digital adoption • 126 unicorns were founded during the Global Financial Crisis and 65 during the VC recalibration4 The innovation economy is better-positioned today to weather a downturn than in past cycles ● ● The innovation economy was 3.5x larger in 2020 than 2000¹ PE and VC firms globally have $2.5T dry powder to invest, 8.5x more than in 20005 Q3 2022 FINANCIAL HIGHLIGHTS 14#15Robust client funds growth over the long term On-balance sheet deposits Off-balance sheet client funds Annual total client funds growth rate (positive, negative) Average total client funds ("TCF") $B Quarterly average TCF (positive growth, negative growth) svb> 120% 81% 13 5 2000 6% -50% 14 10 -12% 4 -22% 12 3 12 9 10 2001 2002 2003 2004 2% Dotcom Bubble Crash -7% 16% 3 16% 14 22% 10% 25% 24% 17 4 13 2005 2006 21 17 4 27% 15% 24 20 2007 4 9% -3% 26 21 -4% 5 -25% 28 12 16 2008 2009 2010 16% 25 9 16 9% Annual U.S. VC investment growth rate (positive, negative) Global Financial Crisis 41% 20% 33 15 18 2011 14% 19% -8% 38 18 20 2012 15% 44 20 24 2013 48% 33% 58 28 30 2014 29% 17% 76 37 39 9% -3% 82 39 43 2015 2016 15% Note: VC investment data sourced from Pitch Book. Investment data has been updated with PitchBook's proprietary back-end data set and filters which has resulted in prior period revisions. * Pullback in VC investment. 6% 94 43 51 VC Recalibration* 63% 31% 123 48 75 Q3'22 vs. Q2'22 QoQ growth Average client funds -5% U.S. VC investment -40% 19% 0% 147 55 92 2017 2018 2019 31% 16% 192 75 117 104% 71% Early COVID-19 329 148 181 384 189 195 2020 2021 9/30/22 YTD Fed Tightening Q3 2022 FINANCIAL HIGHLIGHTS 15#16Ample liquidity + flexibility to manage liquidity position High-quality, liquid balance sheet 63% of assets in cash and fixed income securities Cash Fixed Income Securities Net Loans Non-marketable Securities Other U.S. Treasury Securities Agency CMOs - Fixed Rate Agency RMBS Agency CMBS Municipal Bonds Corporate Bonds 34% svb> 92% of fixed income portfolio in U.S. Treasuries and securities issued by government-sponsored enterprises 1% 1% 2% 13% Assets $213B 7% 7% 55% AFS +HTM $120B Note: Figures as of September 30, 2022 unless otherwise noted. * Actual balances depend on timing of fund flows. 14% 56% 10% Levers to support liquidity Securities cashflows Flexible on- vs. off-balance sheet liquidity solutions and deposit pricing strategies Borrowing capacity N ~ $2-3B estimated securities paydowns/quarter $91B Off-balance sheet sweep and repo client funds (OBS balances that can be most easily shifted on-balance sheet to support deposits) $42B contingent liquidity (FHLB, Repo and FRB) Targeting Fed cash at 4-6% of total deposits ($7-11B)* ~ 65% Modeled interest- bearing deposit beta $85B unpledged securities Q3 2022 FINANCIAL HIGHLIGHTS 16#17High-quality loan portfolio: 70% of loans in low credit loss experience classes svb> Closely monitoring portfolio given increased recession risk Expect continued strong credit performance 56% Global Fund Banking • Primarily PE/VC capital call lines of credit secured by LP capital commitments • Only 1 net loss since inception 14% Private Bank • Primarily low LTV mortgages to innovation economy influencers and legacy Boston Private high net worth clients Note: Percentages indicate percent of total loans as of 9/30/22 Loans only 34% of total assets As of 9/30/22 Total loans Low credit loss experience classes Watching segment-specific risks 1% Premium Wine 1% 4% • Loans to premium wine producers and vineyards • Typically secured by high-quality real estate with low LTVs Other C&I • Working capital, revolving lines of credit and term loans to non-innovation companies and non-profits CRE • Acquisition financing for CRE properties • Well-margined collateral 3% Cash Flow Dependent - Sponsor-Led Buyout • Loans to facilitate PE Sponsors' acquisition of businesses • Reasonable leverage and meaningful financial covenants Low credit loss experience classes Larger loan sizes may More sensitive to challenging fundraising environment 12% Innovation C& • Cash flow or balance sheet dependent loans to innovation companies 6% Growth Stage introduce greater volatility in credit metrics • Loans to mid-stage and later- stage innovation companies with over $5M in revenues 3% Early Stage • Loans to development-stage innovation companies with $0-5M in revenues • Historically our highest risk segment Larger loan sizes may introduce greater volatility in credit metrics Repayment dependent on borrower's ability to fundraise or exit Clients generally have stronger balance sheets vs. previous cycles from record fundraising activity in 2020-2021 Technology & Life Science / Healthcare Q3 2022 FINANCIAL HIGHLIGHTS 17#18We've successfully navigated economic cycles before Proven leadership supported by strong global team 14 years Executive management average tenure at SVB 24 years Credit leadership average tenure at SVB Non-performing loans (NPLs¹) & net charge-offs (NCOs²) Bps Long history of strong, resilient credit and the risk profile of our loan portfolio has improved over time 107 332 103 102 97 25 2000 2001 2002 Dotcom Bubble Crash 62 64 10 Improved loan mix % of period-end total loans 2000 30% Early Stage 5% GFB+ Private Bank 26 -8 2003 2004 2005 4 31 14 18 2006 35 2007 157 87 264 115 71 77 2008 2009 2010 Global Financial Crisis 52 -2 2011 2009 11% Early Stage 30% GFB + Private Bank 1. Non-performing loans as a percentage of period-end total loans. 2. Net loan charge-offs as a percentage of average total loans (annualized). 3. Pullback in VC investment. 47 42 31 33 27 32 2012 2013 2014 73 30 59 46 51 2015 2016 32 27 34 22 24 23 20 2017 VC Recalibration³ 14 21 11 8 2018 2019 2020 2021 9/30/22 YTD Fed Early COVID-19 Tightening 9/30/22 3% Early Stage 70% GFB + Private Bank Q3 2022 FINANCIAL HIGHLIGHTS 18#19Strong capital position with multiple levers to support capital Targeting 7-8% Bank Tier 1 leverage Q3'22 Bank capital ratio drivers Strong earnings QoQ decrease in average assets Flat risk-weighted assets ● Levers to support capital ratios svb> Silicon Valley Bank capital ratios* As of 9/30/22 SVB capital ratio Regulatory minimum Strong profitability 13.22% 9/30/22 YTD ROE 15.54% * Ratios as of September 30, 2022 are preliminary. 7.00% Common Equity Tier 1 15.54% 8.50% Tier 1 Capital SVBFG liquidity 16.23% 10.50% Total Capital $1.8B 9/30/22 SVBFG liquidity, a portion of which can be downstreamed to Bank as capital 7.90% 4.00% Tier 1 Leverage Capital markets activity YTD new issuances $800M Senior notes Q3 2022 FINANCIAL HIGHLIGHTS 19#20Continue to invest for the long term Strategic priorities to drive and support long-term scalable growth Enhance clien experience End-to-end digital banking platform Digital client onboarding Technology platform upgrades APIs and payment enablement Strategic partnerships to accelerate product delivery svb> Drive revenue growth Talent attraction, retention and development SVB Securities expansion SVB Private integration and go-to-market strategy Strategic investments Client acquisition New products and product penetration Fintech strategy Geographic expansion New SVB Capital funds Improve employee enablement OneSVB collaboration initiative to deliver the full power of the SVB platform to clients nCino credit onboarding platform Agile ways of working Mobile and collaboration tools Client and industry insights Global Delivery Centers Diversity, Equity & Inclusion initiatives Enhance risk management Large Financial Institution regulatory requirements* Data foundation Cybersecurity * Became subject to Category IV requirements in 2021. Category III standards will become applicable at ≥ $250B in average total consolidated assets or ≥ $75B in weighted short-term wholesale funding, nonbank assets or off-balance-sheet exposure. Category Il standards will become applicable at either ≥$700B in average total consolidated assets, or ≥ $100B in average total consolidated assets and ≥$75B in cross-jurisdictional activity. Q3 2022 FINANCIAL HIGHLIGHTS 20#21Summary svb> Strength and momentum in underlying business Successfully leveraging flexible liquidity solutions Continued pressure on client funds growth Strong and well-positioned Cementing client relationships Continued confidence in our strategy We are seeing record client acquisition, near record GFB loan term sheets and record PE/VC dry powder - all positive indicators of future business growth Our solutions help mitigate deposit declines, and when client funds growth returns, enable us to optimize our deposit mix and pricing by shifting higher cost deposits off- balance sheet We expect further declines in private investment, exit activity and market-related gains until public markets stabilize We have a high-quality, liquid balance sheet; expanded capabilities and earnings power; and resilient clients We are demonstrating our commitment to partnership with clients, as we have in past cycles, planting the seeds for future growth We believe the growth trajectory of the innovation economy will continue to outpace other industries over the long-term Q3 2022 FINANCIAL HIGHLIGHTS 21#22svb> Performance detail and outlook drivers Q3 2022 FINANCIAL HIGHLIGHTS 22#23Key external variables to our forecast Our performance is influenced by a variety of external variables, including but not limited to: • Promote new company formation which helps support client acquisition Source of client liquidity which impacts total client funds growth A source of repayment for Investor Dependent loans PA svb> VC fundraising and investment PE fundraising and investment Exit activity Capital markets Interest rates Economic environment Competitive landscape Political environment • ● ● Ⓡ ● ● • Performance and volatility of public, private and fixed income markets impact exit activity, VC/PE fundraising and investment, and market-driven revenues (FX, loan syndications, investment banking revenue and commissions, warrant and investment gains and wealth management and trust fees) • . Primary driver of capital call line demand which has been the largest source of loan growth over the past 8 years · Proceeds from public market exits generate client liquidity A source of repayment for Investor Dependent loans Ability for companies to exit affects VC/PE fundraising and investment Impacts investment banking revenue and value of warrants and investment securities Level of interest rates and shape of yield curve directly impact NIM via lending and investment yields/spreads vs. funding costs Client investment fee margin moves with short-term rates Affect mortgage and securities prepayment speeds, impacting timing of premium amortization Impact clients' preference for on- vs. off-balance sheet liquidity solutions and interest-bearing vs. noninterest-bearing deposits Affect mortgage demand Affects health of clients which determines credit quality Level of business activity drives client liquidity and demand for our products and services Inflation impacts costs (for us and clients) and influences fiscal and monetary policy decisions Affects margins and client acquisition Impacts compensation to attract and retain talent Current administration and Congress will influence economic policy and stimulus, business and market sentiment, global trade relationships, bank regulations and corporate taxes • Geopolitical events can impact capital markets and economic environment Q3 2022 FINANCIAL HIGHLIGHTS 23#24Continued client funds net outflows as VC investment declined and client cash burn remained elevated; Expect mid 20s % FY'22 average deposit growth Q3'22 activity Total client funds declined (average -5%, EOP -7%) despite continued strong capture rate of client liquidity events and robust client growth, as VC investment slowed, public markets remained shut and client cash burn only slightly moderated Higher proportion of interest-bearing deposits and increased deposit costs reflect actions to support deposits and client preferences for higher rates Q4'22 considerations Expect Q4 average deposits to decline to ~$168-172B: Pressured public and private markets Reduces client funds inflows from fundraising and exit events + Higher rate environment Increased demand for yield off-balance sheet China policy changes Slows investment in Chinese companies PE/VC distributions Typically happen at year-end Robust liquidity solutions and substantial OBS balances Provide flexibility to support on-balance sheet deposit balances Slowing client cash burn As clients conserve cash Expect higher cost of deposits: Higher cost of interest-bearing deposits NII sensitivity model assumes -65% beta on interest-bearing deposits Declining noninterest-bearing share of total deposits Expect noninterest-bearing share of total deposits to decline to ~45-50% by 12/31/22 as we continue to leverage our flexible liquidity solutions to shift OBS client funds on-balance sheet, and as client demand for interest-bearing deposits increases svb> * Based on deposit rates and total deposit balances at September 30, 2022. Average client funds $B 355 54 110 191 Q3'21 67.1% 0.05% 391 60 Q3'21 123 Average deposit mix and pricing 208 Q4'21 67.1% 0.04% Q4'21 397 65 126 206 Q1'22 65.8% 0.05% Q1'22 387 71 121 195 Q2'22 62.8% 0.16% 368 79 Interest-bearing deposits Q2'22 106 Noninterest-bearing deposits 183 As of 9/30/22: 53% noninterest-bearing deposits 83 bps weighted average spot deposit rate* Q3'22 57.1% 0.53% Off-balance sheet client funds Q3'22 Percent of noninterest-bearing deposits Total cost of deposits Q3 2022 FINANCIAL HIGHLIGHTS 24#25Securities balances declined as deposit net outflows limited securities purchases Q3'22 activity Purchased $2.1B foreign government and UST securities (2.52% w.a. yield) related to the subsidiarization of our U.K. branch vs. $2.8B paydowns (1.81% w.a. yield) ● Q4'22 considerations Estimated $2-3B paydowns in Q4; expect limited securities purchases/reinvestment activity • Expect Q4 portfolio yield ~1.70-1.75% (implies FY'22 portfolio yield ~1.83-1.85%) Premium amortization expense¹ From prepayments of securities purchased at a premium Expect Q4 premium amortization expense -$130-140M based on 10-year UST at 4.01% as of 10/17/22 - changes in 10-year UST will impact premium amortization expense If 10-year drops 50 bps, premium amortization expense could increase by ~$10-15M Rate protections Executed $550M receive floating swaps on AFS portfolio in Oct 22 (105 bps cost at 10/17/22) $301M remaining locked-in pre-tax gains from unwind of $6B AFS fair value hedges in Jul '22 to be amortized into interest income over the life of the underlying hedged securities, ~7 years svb> Average fixed income investment securities $B 1.55% 93.8 Q3'21 4.5y 4.0y $133M 21.8 5.9 15.9 1.54% Q3'21 111.7 Q4'21 4.0y 3.7y $160M Average cash and equivalents $B 22.1 6.0 16.1 1.79% Q4'21 125.6 Q1'22 4.9y 4.8y $112M 14.8 5.6 9.2 Q1'22 1.92% 126.7 Q2'22 5.4y 5.3y $86M 14.8 5.5 9.3 Q2'22 1.90%² 123.0 Q3'22 5.7y Portfolio duration n/a $94M 15.7 6.1 9.6 Tax-effected Yield Q3'22 $8B Fed Cash at 9/30/22 Targeting Fed cash at 4-6% of total deposits ($7-11B)³ 1. SVB applies the retrospective method of amortization for discounts/premiums. When a change is made to the estimated lives of the securities, the related premium or discount is adjusted with a corresponding charge or benefit to interest income as if the current estimated lives had been applied since the acquisition of the securities. 2. Q3'22 portfolio yield decreased 2 bps QoQ due to annualization of bond coupon yields. Bonds accrue interest according to 30/360 day count, while reported yields are based off of actual/365 day count. 3. Actual balances depend on timing of fund flows. Hedge-adjusted Premium amortization expense¹ Cash in other financial institutions and foreign central banks Fed cash Q3 2022 FINANCIAL HIGHLIGHTS 25#26Healthy loan growth driven by Tech and Life Science/Healthcare and Private Bank lending Expect high 20s % FY'22 average loan growth Q3'22 activity Persistent market volatility continued to fuel strong new originations from Tech and Life Science/Healthcare clients • Strong Private Bank mortgage growth driven by new purchase activity; refi demand declined with higher rates While GFB term sheets were at near record highs, GFB growth moderated as utilization declined on slowing PE/VC investment activity and EMEA/Asia paydowns Average Loans $B Average Loan Yield svb> 59.3 8.2 12.7 31.9 Q3'21 60.4% 3.78% 0.6 674 2.7 1.4 1.8 Q2'22 loan yield 62.6 8.6 13.2 34.4 Q4'21 60.3% 0.3 2.7 1.4 2.0 1.04% Rate hikes 67.1 9.0 14.0 38.1 Q1'22 60.6% 0.2 2.7 1.3 1.8 69.3 0.02% 9.5 14.8 39.2 Q2'22 58.4% Loan mix 0.1 2.0 71.1 9.9 15.5 39.5 Q3'22 56.4% (0.01%) Loan fees PPP 0.0 2.6 CRE 1.1 Other C&I 2.5 Premium Wine and Other Private Bank Tech and Life Science/HC Global Fund Banking Portfolio utilization 4.83% Q3'22 loan yield Q4'22 considerations Expect Q4 average loans to increase to ~$72-74B: Continued robust Tech and Life Science/Healthcare borrowing Market volatility fueling demand Slowing PE/VC investment activity and related GFB loan growth Due to pressured public and private markets Moderating SVB Private mortgage origination As higher rates and economic uncertainty impact demand Expect higher loan yields: Higher loan yields with future rate hikes 91% of Q3'22 average loans were variable rate Rate protections $73M remaining locked-in pre-tax swap gains from unwind of loan cash flow hedges as of 9/30/22* Boston Private purchase accounting Amortization of fair value mark ups on loans ($31M remaining at 9/30/22, vast majority to be amortized by end of 2023) * Expect vast majority of remaining pre-tax gains from $5B swap unwind in Q1'20 to be amortized into loan interest income by the end of 2023. Q3 2022 FINANCIAL HIGHLIGHTS 26#27NII and NIM have peaked in this rising rate cycle as asset sensitivity has declined Expect low 40s % FY'22 NII growth and 2.15-2.25% FY'22 NIM Net Interest Income¹ $M 1,177 Q2'22 NII 2.24% 183 Q2'22 NIM Higher loan yields Net Interest Margin svb> 28 Loan growth 0.42% 53 Higher interest eaming yields 9 Includes $50M benefit due to adjustment from higher rates incorporated in Q3 premium amortization expense² Higher Swap gains cash (AFS FV hedge yields unwind) 0.03% Includes 9 bps benefit from -$50M adjustment reflective of higher rates incorporated in Q3 premium amortization expense² Balance sheet mix (8) Fixed Fixed income income premium paydowns amortization (0.33%) (19) Higher deposit costs (172) (44) Includes $72M of higher deposit costs from shifting OBS client funds to on- balance sheet deposits Higher deposit costs (0.08%) NII +3% QOQ Higher borrowing costs Higher borrowing costs 1,207 Q3'22 NII NIM +4 bps 2.28% Q3'22 NIM Q4'22 considerations Expect Q4 NII ~$1,000-1,050M and Q4 NIM ~1.95-2.05% assuming 10/17/22 forward curve: Rate protections Executed $550M receive floating swaps on AFS portfolio in Oct 22 (105 bps cost at 10/17/22) $301M remaining locked-in pre-tax gains from unwind of $6B AFS fair value hedges in Jul '22 to be amortized into interest income over the life of the underlying hedged securities, ~7 years $73M remaining locked-in pre-tax swap gains from unwind of loan cash flow hedges as of 9/30/22³ Balance sheet reduction Driven by client funds net outflows Higher deposit costs Given rising rate environment and declining noninterest-bearing share of total deposits (see page 24) Increased borrowing activity Driven by client funds net outflows Premium amortization expense From prepayments of securities purchased at a premium (see page 25) Boston Private purchase accounting Amortization of fair value mark ups on loans ($31M remaining at 9/30/22, vast majority to be amortized by end of 2023) Higher loan yields with future rate hikes 91% of Q3'22 average loans were variable rate 1. NII is presented on a fully taxable equivalent basis, while NII guidance excludes fully taxable equivalent adjustments. 2. SVB applies the retrospective method of amortization for discounts/premiums. When a change is made to the estimated lives of the securities, the related premium or discount is adjusted with a corresponding charge or benefit to interest income as if the current estimated lives had been applied since the acquisition of the securities. 3. Expect vast majority of remaining pre-tax gains from $5B swap unwind in Q1'20 to be amortized into loan interest income by the end of 2023. Q3 2022 FINANCIAL HIGHLIGHTS 27#28Continued strong credit performance as NCOs and NPLs declined; provision driven primarily by growth and projected economic conditions; Expect 7-12 bps FY'22 NCOS Q3'22 activity Provision driven primarily by: Robust loan and unfunded commitment growth ($40M) Deterioration of projected economic conditions ($24M) ● - - Reduced weighting of downside scenario from 65% to 40% since Moody's September scenarios more closely aligned with management's expectations of increased recession risk than Moody's June scenarios, which had only incorporated a modest deterioration in economic conditions Current market challenges have not yet impacted NCOS and NPLs, but increased criticized loans may indicate potential emerging pressure from prolonged market volatility NCOS declined $5M to $15M on strong recoveries NPLs declined $11M to $82M Criticized increased $206M to $2B Credit quality metrics Provision for credit losses $M Model assumptions BP non-PCD and unfunded commitments HTM securities Unfunded Net credit losses Other Non-performing loans Loan growth svb> Q3'21 0.07% 0.19% $21 46 27 10 (70) Q4'21 0.01% 0.14% $48 Includes $84M for increased weighting of Moody's downturn scenario 3 22 20 Q1'22 0.05% 0.10% $11 2 15 (13) (1) 96 4 Q2'22 Q3'22 0.12% 0.08% 0.13% 0.11% $196 $72 89 50 20 16 18 3 9 42 10 18 (11) 4 Net charge-offs¹ Non-performing loans² Includes $24M for deterioration of projected economic conditions 1. Net loan charge-offs as a percentage of average total loans (annualized). 2. Non-performing loans as a percentage of period-end total loans. Q4'22 considerations Expect Q4 NCOS ~5-25 bps as recession risk increases: Weightings applied to Moody's September economic scenarios 40% downside 35% baseline 25% upside Pressured public and private markets May impact performance of Tech and Life Science/Healthcare portfolio, particularly Investor Dependent loans where repayment is dependent on borrower's ability to fundraise or exit Larger Growth Stage, Innovation C&I and Cash Flow Dependent - Sponsor-Led Buyout loan sizes Growth of our balance sheet and our clients has increased the number of large loans, which may introduce greater volatility in credit metrics CRE loans acquired from Boston Private Limited overall exposure (only 4% of total loans) and well-margined collateral Stronger client balance sheets vs. previous cycles Record VC investment over the past 2 years has generally extended client runway Improved risk profile of loan portfolio Early Stage - historically our highest risk segment only 3% of loans; 70% of loans in low credit loss experience GFB and Private Bank classes Q3 2022 FINANCIAL HIGHLIGHTS 28#29Robust growth and projected economic conditions drove higher reserves ($), while ACL % for loans was unchanged QoQ due to declining NPLs Tech & LS / HC Weightings applied to Moody's September economic scenarios: 40% downside 35% baseline 25% upside Downside scenario assumptions: 7.9% peak unemployment in Q4'23 2.4% 1 year GDP decline $ Millions Early Stage Investor Dependent Growth Stage Investor Dependent Cash Flow Dep: Sponsor Led Buyout Innovation C&I Global Fund Banking Private Bank Other C&I Commercial Real Estate Premium Wine & Other ACL for loans ACL for unfunded credit commitments ACL for loans and unfunded credit commitments svb> ACL 6/30/22 (%) 4.93% 3.21% 1.55% 1.29% 0.22% 0.46% 1.11% 1.31% 0.82% 0.77% 0.44% 0.63%* ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND UNFUNDED CREDIT COMMITMENTS $ Millions 769 545 224 ACL 6/30/22 90 133 29 100 89 45 13 34 12 545 224 769 29 3 26 Changes in loan composition/growth Charge-offs/recoveries Lower specific reserves Portfolio Changes -6 11 -4 6 -1 WANOL 26 29 * Weighted average ACL ratio for loans outstanding and unfunded credit commitments. 24 9 15 Projected economic conditions and scenario weightings Model Assumptions ♡ ♡ ♡ ♡ ♡ O SEN 3 3 1 3 3 3 -8 1 9 15 24 822 557 265 ACL 9/30/22 87 147 26 109 91 47 13 28 9 557 265 822 ACL 9/30/22 (%) 4.55% 3.34% 1.41% 1.31% 0.23% 0.47% 1.20% 1.07% 0.59% 0.77% 0.48% 0.64%* vs. ~6% average Early-Stage NCOS over 2008-2010 Q3 2022 FINANCIAL HIGHLIGHTS 29#30Improved client investment fee margin drove robust core fee income growth Expect high 50s % FY'22 core fee income growth Core fee income¹ $M 204 22 34 65 svb> 29 20 21 13 Q3'21 SVB Private AUM² $M 16,512 216 22 38 73 30 20 21 12 Q4'21 6/30/22 AUM 230 22 37 73 30 35 19 14 Q1'22 (76) Net flows 55% increase YoY core fees 286 22 40 69 32 83 26 14 Q2'22 316 19 37 74 32 119 20 15 Q3'22 Wealth management & trust fees ("WM&T") Credit card fees (576) Market returns FX fees Deposit service charges Client investment fees Lending related fees LOC fees Public market volatility pressured AUM 15,860 9/30/22 AUM Q3'22 activity Client investment fees +$36M as average fee margin increased 9 bps to 26 bps with Fed rate hikes FX fees +$5M driven by GFB activity ● ● • WM&T fees -$3M as market volatility pressured AUM • Credit card fees -$3M as card spend moderated • Lending related fees -$6M primarily due to adjustments booked to unused commitment fees Q4'22 considerations Expect Q4 core fees ~$345-360M assuming 10/17/22 forward curve: Improved client investment fee margin with future rate hikes Client investment fee margin was 31 bps at 9/30/22 Continued strong new client growth and deepening engagement From investments in client acquisition, new products and client experience Pressured public and private markets Impact GFB FX activity, client fund inflows, client spending, demand for syndicated loans and SVB Private AUM balances 1. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 2. Represents SVB Private's client investment account balances. Q3 2022 FINANCIAL HIGHLIGHTS 30#31Persistent market volatility and deal closing delays reduced investment banking transactions Expect $460-500M FY'22 SVB Securities revenue المسلم www.w Life Sciences/Healthcare Tools & Diagnostics Institutional Equities Alternative Equities svb> Convertible Securities Digital Health & Health Tech Medical Devices Equity MEDACorp Research svb> Securities Private Placements Biopharma Healthcare Services SPACS Equity Capital Markets M&A Advisory Leveraged Finance Structured Finance Education Technology Technology (launched September 2021) Consumer Software, Internet & Info Services Enterprise Software Fintech טטט Industrial Technology Digital Infra & Tech Services Q3'22 activity SVB Securities revenue declined $50M QOQ as persistent market volatility and deal closing delays reduced advisory and capital markets transactions deal pipeline remains healthy • Compensation from prior year hiring drove SVB Securities expenses higher than revenue SVB Securities revenue¹ $M 107 17 25 26 39 Q3'21 $142M 145 21 17 51 56 Q4'21 $184M 118 25 7 54 32 Q1'22 $134M Q4'22 considerations Expect Q4 SVB Securities revenue -$95-125M: 149 24 15 69 1. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 2. Included in investment banking revenue. 3. Included in FY'22 outlook for SVB Securities revenue of $460-500M. 41 Q2'22 $141M 99 24 11 40 24 Q3'22 $131M Strengthening collaboration Between Silicon Valley Bank and SVB Securities - Commissions Private placements and other² M&A advisory² Underwriting fees² Prolonged market volatility Pressures later-stage/public valuations, delaying near-term ECM activity SVB Securities expenses New hires and expertise Hiring and investment over the past year to grow Technology, Healthcare Services and Health Tech investment banking help diversify business Combined new initiatives expected to contribute ~$130-180M of revenues in 2022³ Continue to fill out team and capabilities Q3 2022 FINANCIAL HIGHLIGHTS 31#32Continued market volatility drove further valuation markdowns Q3'22 activity • $76M investment losses net of NCI driven primarily by a small number of funds that experienced substantial valuation declines due to portfolio company activity; markdowns from remaining funds were largely included in the adjustment for illiquid investments that was taken in Q2 Warrant gains of $40M driven primarily by valuation updates and M&A activity ● Outlook considerations Potential for additional losses given prolonged market volatility: Pressured public and private markets Slows PE/VC investment Fewer exits reduce opportunities to realize gains + 2022 year-end audit and valuation cycle Funds and private companies' annual audit and valuation process may result in valuation declines that drive additional losses through 1H'23 Increased potential for down rounds while market conditions persist Clients generally have extended client runway, but eventually will need to raise funds Granular, diversified positions Warrants: Only 57 warrants out of 3,019 positions with a fair value >$1M, collectively representing $180M in fair value Private fund investments: Exposure to over 500 funds with nearly 25,000 investments in ~10,000 companies across various industries and stages of development svb> Warrant and investment gains Net of NCI¹ $M Warrant gains Gains (losses) from AFS sales Investment gains (losses) less AFS sales Warrants 248 Non-marketable and other equity securities¹, 2 147 101 Q3'21 Warrants & non-marketable and other equity securities¹, 2 $M 274 1,216 155 69 32 54 9/30/21 Includes $40M (net of NCI) downward adjustment for illiquid investments Q4'21 277 1,222 130 63 49 18 12/31/21 Q1'22 323 1,259 -136 -120 Q2'22 322 1,153 Note: The extent to which unrealized gains (or losses) from investment securities from our non-marketable and other equity securities portfolio as well as our equity warrant assets will become realized is subject to a variety of factors, including, among other things, performance of the underlying portfolio companies, investor demand for IPOs and SPACs, fluctuations in the underlying valuation of these companies, levels of M&A activity and legal and contractual restrictions on our ability to sell the underlying securities. 1. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 2. Net of investments in qualified affordable housing projects and noncontrolling interests. 17 40 -76 -1 -36 Q3'22 351 1,083 3/31/22 6/30/22 9/30/22 Q3 2022 FINANCIAL HIGHLIGHTS 32#33Net warrant gains more than offset Early Stage charge-offs over time and offer meaningful long-term earnings support Warrant gains net of Early Stage losses $M -3 -13 2002 8 2003 svb> 3 2004 3 -2 2005 22 -7 2006 23 -10 2007 11 -16 2008 O -58 2009 23 2010 37 2011 19 -21 2012 46 -26 2013 71 -30 2014 -12 2015 38 -45 2016 55 -35 2017 89 -28 2018 138 -23 2019 237 -27 2020 560 -28 120 -29 2021 9/30/22 YTD $1.2B Cumulative net gains (2002-9/30/22 YTD warrant gains less Early Stage NCOS) Net gains on equity warrant assets Early Stage NCOS Q3 2022 FINANCIAL HIGHLIGHTS 33#34Higher expenses driven by increased compensation and benefits Expect low 20s % FY'22 noninterest expense growth excluding merger-related charges* Noninterest expenses $M 57.7% 879 59 83 25 54 104 548 Q3'21 6,024 svb> 60.1% 902 80 23 54 110 597 Q4'21 6,431 27 11 54.6% 873 72 23 58 106 584 Q1'22 6,975 16 14 55.5% 848 85 26 60 132 502 Q2'22 7,528 16 27 57.3% 892 88 25 71 117 563 Q3'22 8,236 7 21 GAAP efficiency ratio Other Merger-related charges Occupancy BD&T Premises and equipment Professional services Compensation and benefits Average FTES Q3'22 activity $61M increase in compensation and benefits driven primarily by: $28M increase in incentive compensation plans (FY'22 incentive compensation was reduced in Q2 reflective of lower forecasted FY'22 performance expectations in Q2 vs. Q1) · $17M increase from the full quarter impact of annual grants awarded during Q2 as well as an increase in retirement eligible participants $16M increase in salaries and wages expense from hiring to drive and support our strategic priorities $15M decrease in professional services expense due to the completion of projects for risk management and revenue growth initiatives Q4'22 considerations Expect Q4 expenses ~$940-970M*: * Excludes pre-tax merger-related charges ($39M incurred 9/30/22 YTD and estimated $5-10M in Q4'22). Continued hiring and investment in strategic initiatives Enhancing the client experience, driving revenue growth, improving employee enablement, and enhancing risk management (see page 20) Q3 2022 FINANCIAL HIGHLIGHTS 34#35Appendix svb> Q3 2022 FINANCIAL HIGHLIGHTS 35#36Our vision: Be the most sought-after partner helping innovators, enterprises and investors move bold ideas forward, fast svb> M IN techstars aumni bolster I NPM Nasdaq Private Market vouch MOFFETTNATHANSON AN SVB COMPANY Silicon Valley Bank Global commercial banking Clients SVB Securities Investment banking New Tech, Healthcare Services & Health Tech hires BOSTON PRIVATE AN SVB COMPANY SVB Private Private banking and wealth management SVB Capital Venture capital and credit investing WRG WEST RIVER GROUP DEBT INVESTMENT BUSINESS Strategic partnerships M&A and talent acquisition have bolstered organic initiatives to expand and deepen our global platform Q3 2022 FINANCIAL HIGHLIGHTS 36#37Building the premier investment bank dedicated to the innovation economy Inst Alternative Equities Equities nal Convertible Securities Education Technology svb> MEDACorp svb> Securities Private Placements Equity Research Technology (launched September 2021) Industrial Technology SPACS Equity Capital Markets Enterprise Software M&A Advisory Leveraged Finance Structured Finance New capabilities added in 2021 DUG Digital Infra & Tech Services Consumer Software, Internet & Info Services Enhancing our ability to deliver strategic support to our clients as they grow Rebranded as SVB Securities to reflect our expanded focus • Acquired technology equity research firm MoffettNathanson LLC • Launched Technology Investment Banking • Deepened Healthcare Services and HealthTech Practices • Added Leveraged Finance, SPACS and Structured Finance capabilities ● Fintech Life Sciences/Healthcare www.s Tools & Diagnostics Medical Devices Biopharma Expanded In 2021 Healthcare Services Digital Health & Health Tech Q3 2022 FINANCIAL HIGHLIGHTS 37#38Creating a premier private banking & wealth management platform Trusted advisor and team • Dedicated advisor supported by a team of specialists Deep wealth management and innovation economy expertise Superior client focus Holistic, relationship- based advice and service svb> HNW/UHNW Family office Tax planning Philanthropy Trust & estate Comprehensive planning to prepare for complex financial needs resulting from liquidity and life events Full product suite Mortgages Private stock lending Securities-based loans Lending Specialty commercial Wealth Advisory SVB Capital access Private placements Brokerage solutions Impact investing Premier private banking and wealth platform Exclusive access Investment to networking events, insights and investment opportunities in the innovation economy Tailored solutions Wealth access digital portal to address equity compensation, concentrated stock positions and non-liquid assets Seamless onboarding 360° view of financial positions Integrated banking and wealth solutions Personalized financial planning Customized portfolio management 24-7 access and support OFE Next generation digital platform "Always on" digitally enabled interactions and improved efficiencies Large balance sheet to support clients' borrowing needs Q3 2022 FINANCIAL HIGHLIGHTS 38#39Strategic partnerships: another channel to expand capabilities to better meet clients' needs NPM Nasdaq Private Market Centralized marketplace for trading private company stock Commercial Banking: Enable clients to manage secondary offerings with leading technology platform and global distribution network SVB Private, SVB Capital & SVB Securities: Provide investor clients more liquidity options and broader access to investment opportunities svb> U 5 bolster Marketplace for on-demand executive talent Commercial Banking: Help clients rapidly scale and diversify their leadership teams and boards SVB Private: Provide clients with access to job opportunities within the innovation economy aumni Investment analytics platform for VCs, LPs and other private capital investors Commercial Banking: Provide a powerful solution for our PE and VC clients to gain enhanced insights into their portfolios SVB Capital: Assist SVB Capital team with market benchmarking, streamlined LP reporting and portfolio analytics Note: SVB maintains a noncontrolling equity interest in each of the companies listed above. techstars_ Largest global seed investor and accelerator program Commercial Banking: Expand SVB's early-stage client acquisition channels and support innovative companies in Techstars' global network Gain sector and market insights in the innovation economy vouch Commercial insurance provider powered by technology serving high-growth, venture- backed startups Commercial Banking: Connect early and mid-stage clients to Vouch's tailored commercial insurance solutions to benefit customer retention and risk mitigation Q3 2022 FINANCIAL HIGHLIGHTS 39#40High-quality balance sheet Period-end assets $B 87% of assets in high-quality investments and low credit loss experience lending* 56.9 2018 svb> 42% CAGR 71.0 2019 115.5 2020 211.5 2021 212.9 9/30/22 Other assets Non-marketable securities (primarily VC & LIHTC investments) Held-to-maturity securities Available-for- sale securities Cash and cash equivalents Net loans Period-end liabilities $B Noninterest-bearing deposits 48% of total liabilities 51.7 2018 43% CAGR 64.4 2019 107.1 2020 194.9 2021 * Based on cash, fixed income investment portfolio and Global Fund Banking and Private Bank loan classes of financing receivables as of September 30, 2022. 197.1 9/30/22 Other liabilities Borrowings Interest-bearing deposits Noninterest-bearing deposits Q3 2022 FINANCIAL HIGHLIGHTS 40#41Improved risk profile, with loan growth driven by lowest risk loan classes 70% of loans in Global Fund Banking and Private Bank, classes with lowest historical credit losses Period-end total loans $B Early Stage ID % of total loans 11% 4.5 2009 svb> 10% 5.5 2010 8% 7.0 2011 9% 8.9 2012 9% 10.9 2013 Early Stage Investor Dependent ("ID") loans, our highest risk loan class, now only 3% of total loans, down from 11% in 2009 and 30% in 2000 8% 14.4 2014 6% 16.7 2015 6% 19.9 2016 6% 23.1 2017 6% 28.3 2018 33.2 5% 2019 45.2 3% 2020 66.3 2% 72.1 3% 2021 9/30/2022 PPP CRE Other C&I Premium Wine and Other Private Bank Technology and Life Science/Healthcare Global Fund Banking Q3 2022 FINANCIAL HIGHLIGHTS 41#42Low credit risk capital call lines of credit Largest driver of loan growth over past 8 years; strong underwriting and well-diversified Global Fund Banking capital call lending Short-term lines of credit used by PE and VC funds to support investment activity prior to the receipt of Limited Partner capital contributions 54%¹ of total loans Strong sources of repayment % (%) Limited partner commitments and robust secondary markets Value of fund investments with solid asset coverage Only 1 net loss in our -30 years of capital call lending svb> Global Fund Banking portfolio² By investment style PE Funds By industry 1. Based on period-end loans at September 30, 2022. Capital call lines represent 97% of GFB portfolio. 2. Based on total GFB loan commitments (funded + unfunded) as of September 30, 2022. VC funds Real estate Debt 6% 9% Other Real estate 20% Energy Other Infrastructure 2% Natural resources 1% Fintech 4% Life sciences 12% 13% Industrial 3% 8% 8% 3% 6% Consumer 12% 21% 15% Growth 19% Buyout Fund of funds 38% Technology Debt Q3 2022 FINANCIAL HIGHLIGHTS 42#43Supporting innovation around the world $10B | 14% of total loans International average loans² $B 2.9 2018 4.0 2019 5.7 2020 8.3 2021 9.6 9/30/22 YTD $B 12.9 2.4 10.5 $43B | 11% of total client funds International average total client funds² 2018 15.0 3.1 11.9 2019 19.0 3.6 15.4 2020 9/30/22 YTD VC investment by market¹ 33.3 $214B Americas 43.0 37.7 5.3 4.4 2021 37.7 SVB Financial Group's offices 9/30/22 YTD OBS client funds Total deposits $91B $96B EMEA APAC $108M | 13% of total core fees³ International core fee income² $M 57 2018 70 svb> 2019 117 108 80 ill 2020 2021 9/30/22 YTD 1. Source: PitchBook. Investment data has been updated with PitchBook's proprietary back-end data set and filters which has resulted in prior period revisions. 2. International activity reflects figures for our international operations in the U.K., Europe, Israel, Asia and Canada. This management segment view does not tie to regulatory definitions for foreign exposure. 3. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. Expanding our platform globally 2004 2005 2008 2012 2016 2019 U.K. London Silicon Valley Bank UK Limited, wholly owned subsidiary of Silicon Valley Bank (2022) China Shanghai Business development Hong Kong (2009) Representative office Beijing (2010) Business development Israel Tel Aviv Representative office China Joint Venture SPD Silicon Valley Bank (JV) Shanghai Additional JV branches Beijing (2017) Shenzhen (2018) Suzhou (2022) Europe Ireland (2016) Business development Germany (2018) Lending branch Denmark (2019) Representative office Sweden (2022) Representative office Canada Toronto (2019) Lending branch Vancouver (2020) Business Development Montréal (2021) Business Development Q3 2022 FINANCIAL HIGHLIGHTS 43#44History of industry-leading performance Strong return on equity Strong total shareholder return svb> Return on equity SVB Peer Average' 20.57% 12.76% 1/1/18 2018 20.03% 7/1/18 Total shareholder return² Since 1/1/18 11.80% 1/1/19 2019 7/1/19 16.83% 1/1/20 8.27% 2020 7/1/20 17.10% 1/1/21 13.18% 2021 7/1/21 13.22% 13.81% 9/30/22 YTD 1. Source: S&P Global Market Intelligence. "Peers" refers to peer group as reported in our Proxy Statement for each year and is subject to change annually. 2022 annualized average peer ROE includes 5 of 16 peers as of October 19, 2022. 2. Cumulative total return on $100 invested on 1/1/18 in stock or index. Includes reinvestment of dividends. www 1/1/22 9/30/22 As of 9/30/22: SVB 1.4x S&P 500 1.3x BKX 0.9x Q3 2022 FINANCIAL HIGHLIGHTS 44#45Strong, seasoned management team Diverse experience and skills to help direct our growth Dan Beck Chief Financial Officer 5 years at SVB Phil Cox Chief Operations Officer 13 years at SVB Jeffrey Leerink CEO SVB Securities 3 years at SVB Greg Becker President and CEO 29 years at SVB Laura Cushing Chief Human Resources Officer Joined SVB 2022 John Peters Chief Auditor 15 years at SVB Marc Cadieux Chief Credit Officer 30 years at SVB Mike Descheneaux President Silicon Valley Bank 16 years at SVB Michael Zuckert General Counsel 8 years at SVB John China President SVB Capital 26 years at SVB Michelle Draper Chief Marketing & Strategy Officer 9 years at SVB 14 years average tenure at SVB svb> Q3 2022 FINANCIAL HIGHLIGHTS 45#46Glossary The following terms are used throughout this presentation to refer to certain SVB-specific metrics: Non-GAAP measures Please see "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release and non-GAAP reconciliations at the end of this presentation Core Fee Income - Fees from letters of credit, client investments, credit cards, deposit service charges, foreign exchange, lending-related fees and wealth management and trust, in aggregate. Core Fee Income plus SVB Securities Revenue - Core fee income, from above, plus investment banking revenue and commissions. SVB Securities Revenue - SVB Securities revenue defined as investment banking revenue and commissions and excludes other income earned by SVB Securities. Tangible Common Equity ("TCE") / Tangible Book Value ("TBV") - Stockholders' equity less preferred stock and intangible assets, plus net deferred taxes on intangible assets. Gains (losses) on Investment Securities, Net of Noncontrolling Interests - Net gains on investment securities include gains and losses from our non-marketable and other equity securities, which include public equity securities held as a result of exercised equity warrant assets, gains and losses from sales of our Available-For-Sale debt securities portfolio, when applicable, and carried interest. This measure excludes amounts attributable to noncontrolling interests for which we effectively do not receive the economic benefit or cost. Non-GAAP Non-marketable and Other Equity Securities, Net of investments in Qualified Affordable Housing Projects and Noncontrolling Interests in Non- marketable Securities - This measure represents non-marketable and other equity securities but excludes qualified affordable housing projects and noncontrolling interests. Other measures Fixed Income Securities - Available-For-Sale ("AFS") and Held-To-Maturity ("HTM") securities held on the balance sheet. Total Client Funds ("TCF") - The sum of on-balance sheet deposits and off-balance sheet client investment funds. Beginning in Q3'21, TCF excludes SVB Private assets under management. SVB Private Assets Under Management ("AUM") - Consists of SVB Private's client investment accounts balances. Total Client Position ("TCP") - Represents sum of SVB Private AUM, and loans and deposits as reported in our segment reporting for SVB Private. svb> Q3 2022 FINANCIAL HIGHLIGHTS 46#47Acronyms and abbreviations ACL - Allowance for credit losses AFS - Available-for-sale APAC - Asia-Pacific API - Application programming interface AUM - Assets under management BD&T - Business development & travel BKX-KBW Nasdaq Bank Index BP - Boston Private bp - Basis point C&I - Commercial and industrial CAGR - Compound annual growth rate CMBS - Commercial mortgage-backed security CMO Collateralized mortgage obligation CRE-Commercial Real Estate Dep-Dependent ECM - Equity capital market EMEA - Europe, the Middle East and Africa EOP- End of period EPS- Earnings per share Ex - Excluding FHLB - Federal Home Loan Bank FRB - Federal Reserve Board FTE - Full-time employee FX - Foreign exchange FY - Full year svb> GDP Gross domestic product GFB Global Fund Banking HC Healthcare HNW/UHNW - High net worth, ultra high net worth HTM - Held-to-maturity ID - Investor dependent IPO- Initial public offering JV Joint venture LIHTC - Low income housing tax credit funds LOC - Letter of credit LP - Limited partner LS - Life science LTV Loan-to-value M&A - Merger & acquisition MBS - Mortgage-backed security NCI -Noncontrolling interests NCO - Net charge-off NIB - Noninterest-bearing NII Net interest income NIM-Net interest margin NPL - Non-performing loan OBS-Off-balance sheet PBWM - Private bank wealth management PCD Purchased credit deteriorated PE - Private equity - QoQ- Quarter over quarter Refi - Refinance Repo - Repurchase agreement RMBS - Residential mortgage-backed security ROE - Return on equity SBA PPP Small Business Administration Paycheck Protection Program SEC Securities & Exchange Commission SPAC - Special purpose acquisition company SPD - Shanghai Pudong Development Bank ST- - - - Short-term SVBFG - SVB Financial Group TBV - Tangible book value TCE - Tangible common equity TCF Total client funds TCP - Total client position Tech Technology TTM - Trailing 12 months UST- U.S. Treasury security VC - Venture capital W.A. - Weighted average WM&T - Wealth management and trust YOY - Year over year YTD-Year-to-date Q3 2022 FINANCIAL HIGHLIGHTS 47#48svb> Non-GAAP reconciliations Q3 2022 FINANCIAL HIGHLIGHTS 48#49Non-GAAP reconciliation Core fee income and investment gains, net of NCI Non-GAAP core fee income (dollars in millions) GAAP noninterest income Less: gains (loss) on investment securities, net Less: net gains on equity warrant assets Less: other noninterest income Non-GAAP core fee income plus SVB Securities revenue Investment banking revenue Commissions Less: total non-GAAP SVB Securities revenue Non-GAAP core fee income Non-GAAP net gains on investment securities, net on noncontrolling interests (dollars in millions) GAAP net gains (loss) on investment securities Less: income (loss) attributable to noncontrolling interests, including carried interest allocation Non-GAAP net gains on investment securities, net of noncontrolling interests svb> 2018 2018 745 88 89 52 516 516 88 38 50 Year ended December 31, 2019 2020 1,221 135 138 55 See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release for more information. 893 195 56 251 642 Year ended December 31, 2019 2020 135 48 87 1,840 421 237 98 1,084 414 67 481 603 421 86 335 2021 2021 2,738 761 560 128 1,289 459 79 538 751 761 240 521 9/30/22 YTD 1,238 (199) 120 119 1,198 293 73 366 832 9/30/22 YTD (199) (53) (146) Q3 2022 FINANCIAL HIGHLIGHTS 49#50Non-GAAP reconciliation Non-marketable and other equity securities Non-GAAP Non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests (dollars in millions) GAAP non-marketable and other equity securities Less: investments in qualified affordable housing projects Less: noncontrolling interests in non-marketable securities Non- GAAP Non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests svb> 9/30/21 2,485 920 349 1,216 Period-end balances at 12/31/21 See "Use of non-GAAP Financial Measures" in our Q3 2022 Earnings Release for more information. 2,543 954 367 1,222 3/31/22 2,605 957 389 1,259 6/30/22 2,645 1,134 358 1,153 9/30/22 2,595 1,205 307 1,083 Q3 2022 FINANCIAL HIGHLIGHTS 50#51Important information regarding forward-looking statements and use of non-GAAP financial measures The Company's financial results for 2022 reflected in this presentation are unaudited. This document should be read in conjunction with the Company's SEC filings. Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements are statements that are not historical facts, such as forecasts of our future financial results and condition, expectations for our operations and business, and our underlying assumptions of such forecasts and expectations. In addition, forward-looking statements generally can be identified by the use of such words as "becoming," "may," "will," "should," "could," "would," "predict," "potential," "continue," "anticipate," "believe," "estimate," "assume," "seek," "expect," "plan," "intend," the negative of such words or comparable terminology. In this presentation, we make forward-looking statements discussing management's expectations for 2022 and the fourth quarter of 2022 about, among other things, economic conditions; the continuing and potential effects of the COVID-19 pandemic; opportunities in the market; our commitments and objectives in relation to sustainable finance and managing risks associated with climate change; the outlook on our clients' performance; our financial, credit, and business performance, including potential investment gains, loan and deposit growth, mix and yields/rates, deposit growth, and expense levels; our expected effective tax rate; the interest rate environment; accounting impacts and financial results (and the components of such results). Although we believe that the expectations reflected in our forward-looking statements are reasonable, we have based these expectations on our current beliefs as well as our assumptions, and such expectations may not prove to be correct. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside our control. Our actual results of operations and financial performance could differ significantly from those expressed in or implied by our management's forward-looking statements. Important factors that could cause our actual results and financial condition to differ from the expectations stated in the forward-looking statements include, among others: market and economic conditions (including elevated inflation levels, sustained interest rate increases, the general condition of the capital and equity markets, and private equity and venture capital investment, IPO, secondary offering, SPAC fundraising, M&A and other financing activity levels) and the associated impact on us (including effects on total client funds and client demand for our commercial and investment banking and other financial services, as well as on the valuations of our investments); disruptions to the financial markets as a result of current or anticipated military conflicts, including the ongoing military conflict between Russia and Ukraine, terrorism and other geopolitical events; the COVID-19 pandemic, including COVID-19 variants and their effects on the economic and business environments in which we operate, and its effects on our business and operations; the impact of changes from the Biden-Harris administration and the U.S. Congress on the economic environment, capital markets and regulatory landscape, including monetary, tax and other trade policies, as well as regulatory changes from bank regulatory agencies; changes in the volume and credit quality of our loans as well as volatility of our levels of nonperforming assets and charge-offs; the impact of changes in interest rates or market levels or factors affecting or affected by them, including on our loan and investment portfolios and deposit costs; the adequacy of our allowance for credit losses and the need to make provisions for credit losses for any period; the sufficiency of our capital and liquidity positions; changes in the levels or composition of our loans, deposits and client investment fund balances; changes in the performance or equity valuations of funds or companies in which we have invested or hold derivative instruments or equity warrant assets; variations from our expectations as to factors impacting our cost structure; changes in our assessment of the creditworthiness or liquidity of our clients or unanticipated effects of credit concentration risks which create or exacerbate deterioration of such creditworthiness or liquidity; variations from our expectations as to factors impacting the timing and level of employee share-based transactions; the occurrence of fraudulent activity, including breaches of our information security or cyber security-related incidents; business disruptions and interruptions due to natural disasters and other external events; the impact on our reputation and business from our interactions with business partners, counterparties, service providers and other third parties; the expansion of our business internationally, and the impact of international market and economic events on us; the effectiveness of our risk management framework and quantitative models; unexpected delays or expenses associated with executing against our climate-related commitments and goals; the quality and availably of carbon emissions data; our ability to maintain or increase our market share, including through successfully implementing our business strategy and undertaking new business initiatives, including through the continuing integration of Boston Private, the expansion of SVB Private and the growth and expansion of SVB Securities; greater than expected costs or other difficulties related to the continuing integration of our business and that of Boston Private; variations from our expectations as to the amount and timing of business opportunities, growth prospects and cost savings associated with the acquisition of Boston Private; the inability to retain existing Boston Private clients and employees following the Boston Private acquisition; unfavorable resolution of legal proceedings or claims, as well as legal or regulatory proceedings or governmental actions; variations from our expectations as to factors impacting our estimate of our full-year effective tax rate; changes in applicable accounting standards and tax laws; and regulatory or legal changes (including changes to the laws and regulations that apply to us as a result of the growth of our business) and their impact on us. We refer you to the documents the Company files from time to time with the Securities and Exchange Commission, including (i) our latest Annual Report on Form 10-K, (ii) our most recent Quarterly Report on Form 10-Q, and (iii) our most recent earnings release filed on Form 8-K. These documents contain and identify important risk factors that could cause the Company's actual results to differ materially from those contained in our projections or other forward-looking statements. All forward-looking statements included in this presentation are made only as of the date of this presentation. We assume no obligation and do not intend to revise or update any forward-looking statements contained in this presentation, except as required by law. This presentation shall not constitute an offer or solicitation in connection with any securities. Use of Non-GAAP Financial Measures To supplement our financial disclosures that are presented in accordance with GAAP, we use certain non-GAAP measures of financial performance (including, but not limited to, non-GAAP core fee income, non-GAAP SVB Securities revenue, non-GAAP core fee income plus non-GAAP SVB Securities revenue, non-GAAP net gains on investment securities, non-GAAP non-marketable and other equity securities net of investments in qualified affordable housing projects and noncontrolling interests in non-marketable securities, and non- GAAP financial ratios) of financial performance. These supplemental performance measures may vary from, and may not be comparable to, similarly titled measures by other companies in our industry. Non-GAAP financial measures are not in accordance with, or an alternative for, GAAP. Generally, a non-GAAP financial measure is a numerical measure of a company's performance that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. A non-GAAP financial measure may also be a financial metric that is not required by GAAP or other applicable requirement. We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures (as applicable), provide meaningful supplemental information regarding our performance by: (i) excluding amounts attributable to noncontrolling interests for which we effectively do not receive the economic benefit or cost of, where indicated, or (ii) providing additional information used by management that is not otherwise required by GAAP or other applicable requirements. Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results and when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate a comparison of our performance to prior periods. We believe these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. However, these non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, net income or other financial measures prepared in accordance with GAAP. Under the "Use of Non-GAAP Financial Measures" section in our latest earnings release attached as an exhibit to our Form 8-K on October 20, 2022, we have provided reconciliations of, where applicable, the most comparable GAAP financial measures to the non-GAAP financial measures used in this presentation, or a reconciliation of the non-GAAP calculation of the financial measure. Please refer to that section of the earnings release for more information. svb> Q3 2022 FINANCIAL HIGHLIGHTS 51#52svb> About SVB SVB is the financial partner of the innovation economy, helping individuals, investors and the world's most innovative companies achieve their ambitious goals. SVB's businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global. SVB Financial Group (Nasdaq: SIVB) is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. > in O. Investor Relations | 3005 Tasman Drive Santa Clara, CA 95054 | T 408 654 7400 | [email protected]