#1svb > || Financial Group Q4 2021 Financial highlights#2Contents Snapshot and current environment Performance detail and outlook drivers Appendix Non-GAAP reconciliations PAGE 3 svb > PAGE 24 PAGE 39 PAGE 55 This presentation should be reviewed with our Q4 2021 Earnings Release and Q4 2021 CEO Letter, as well as the company's SEC filings Q4 2021 Financial Highlights 2#3svb > Snapshot and current environment Q4 2021 Financial Highlights 3#4FY'21 Snapshot: Record earnings and growth supported by thriving markets and effective execution FINANCIAL HIGHLIGHTS EPS: $31.25* FY'21 PERFORMANCE % changes are vs. FY'20 $329B +71% AVERAGE CLIENT FUNDS +69% excluding BP deposits +12% SVB LEERINK REVENUE¹, 3 Net Income: $1.8B $538M $1.1B +89% WARRANT AND INVESTMENT GAINS NET OF NCT¹ svb> $55B +46% AVERAGE LOANS² +37% excluding BP loans ROE: 17.1% $3.2B +48% NET INTEREST INCOME² +45% excluding BP NII $123M -44% PROVISION FOR CREDIT LOSSES -65% excluding Day 1 Provision for BP Non-PCD loans and unfunded commitments TCE Creation ¹: +$4.4B $751M +25% CORE FEE INCOME¹ +18% excluding BP WM&T fees *includes -$2.28 impact from $46M PRE-TAX DAY 1 PROVISION FOR BP NON-PCD LOANS AND UNFUNDED COMMITMENTS (included in $123M provision) Note: On July 1, 2021 we completed the acquisition of Boston Private ("BP"). Financial results for FY'21 include the activies of Boston Private. 1. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our no-GAAP reconciliations at the end of this presentation. 2. SBA Paycheck Protection Program ("PPP") contributed $1B to average loan balances and $43M to net interest income, including $33M of loan fees. Net interest income presented on a fully taxable equivalent basis. 3. Represents investment banking revenue and commissions. $129M PRE-TAX MERGER-RELATED CHARGES Q4 2021 Financial Highlights 4#5Q4'21 Snapshot: Continued strong earnings and exceptional growth FINANCIAL HIGHLIGHTS EPS: $6.22* Q4'21 PERFORMANCE % changes are vs. Q3'21 $391B +10% AVERAGE CLIENT FUNDS $145M +36% SVB LEERINK REVENUE², 3 svb > Net Income: $371M $63B +6% AVERAGE LOANS¹ $155M -38% WARRANT AND INVESTMENT GAINS NET OF NCI² $947M +10% NET INTEREST INCOME¹ $48M +129% PROVISION FOR CREDIT LOSSES Excellent credit performance in Q4; provision driven by strong loan growth 1. SBA Paycheck Protection Program ("PPP") contributed $0.3B to average loan balances and $5M to net interest income, including $4M of loan fees. Net interest income presented on a fully taxable equivalent basis. 2. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our noRGAAP reconciliations at the end of this presentation. 3. Represents investment banking revenue and commissions. ROE: 11.8% $216M +6% CORE FEE INCOME² *includes -$0.34 impact from $27M PRE-TAX MERGER-RELATED CHARGES Q4 2021 Financial Highlights 5#6Q4'21 Highlights Continued strong earnings and exceptional growth 1. Robust private markets and strong execution continued to drive strong earnings and exceptional growth 2. Average client funds surged (+$36B) as VC investment activity fueled client liquidity, driving exceptional balance sheet growth and strong NII 3. Robust loan growth (+6% QoQ) supported by strong PE investment activity 4. Excellent credit performance with minimal NCOs and declining NPLs; higher provision on strong loan growth 5. Moderating market-related gains, with ~60% of the quarter's $155M warrant and investment gains net of NCI* driven by an unrealized valuation increase of a single strategic investment and sales of AFS securities 6. Record FX and card fees drove strong core fees* growth of +6% QOQ 7. Robust SVB Leerink revenue* of $145M on increased deal activity; acquired MoffettNathanson LLC to expand equity research coverage to include companies in the technology industry 8. Opportunistic investments in SVB Leerink and talent, and higher incentive compensation from strong business performance drove Q4 expenses higher than guidance 9. Issued $2.25B preferred equity and senior debt to support our growth momentum and investments in our business 10. Improved 2022 outlook and potential upside from rising rates may open additional opportunities to invest in our longterm growth strategy, talent attraction and retention svb > * Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our non-GAAP reconciliations at the end of this presentation. Q4 2021 Financial Highlights 6#7Strong markets and effective execution continued to drive extraordinary growth Resilient, highly liquid markets + Exceptional growth & peer-leading profitability GLOBAL PE & VC INVESTMENT $ Billions 1,881 1,808 1,548 338 309 VC 203 PE 1,345 1,543 1,499 366 2017 GLOBAL VC-BACKED IPOS Count 293 2017 2018 2019 2020 2021 2018 1,723 347 svb > 1,376 335 426 2,732 2019 2020 669 2,063 736 2021 SVB COMMERCIAL CLIENT COUNT -1,700 new commercial clients in Q4'21¹ Other PE/VC VC-Backed Strong execution Pre- VC-Backed -10% CAGR 2016 2017 2018 2019 2020 2021 EMPLOYEE DIGITAL ENABLEMENT CLIENT SVB Leerink EXPERIENCE expansion INTERNATIONAL 35,000 30,000 SVB Capital NEW PRODUCTS Credit Platform Boston Private Integration 25,000 20,000 15,000 10,000 5,000 STRATEGIC GROWTH INVESTMENTS 0 LARGE FINANCIAL INSTITUTION & U.K. SUBSIDIARIZATION REQUIREMENTS AVERAGE CLIENT FUNDS $ Billions 94 Average Deposits 43 Average OBS Client 51 Funds SVB Peer Average² Note: VC, PE and IPO data sourced from PitchBook. Investment data has been updated with PitchBook's proprietary backend data set and filters which has resulted in prior period revisions. 1. Excludes new Private Bank clients and legacy Boston Private clients gained through the acquisition of Boston Private. 2. Source: S&P Global Market Intelligence. Represents the average of the return on equity ("ROE") for each of our peers. For edc year, "peers" refers to our peer group as reported in our Proxy Statement and is subject to change annually. 3. Peer ROE includes 4 of 15 peers as of January 19, 2022. 37% CAGR RETURN ON EQUITY 12.4% 123 48 2017 2018 9.8% 75 147 55 12.8% 92 20.6% 20.0% 192 11.8% 75 117 2019 2020 2021 8.3% 329 2017 2018 2019 2020 148 16.8% 17.1% Q4 2021 Financial Highlights 181 13.2% 2021 3 7#8Robust tailwinds supporting the innovation economy over the long term SV Attractive growth opportunity... INDEXED PRICE % vs. 1/1/17 Un svb > AS OF 12/31/21 U Nasdaq-100¹ 3.3x S&P 500 ex Nasdaq-100 2.2x 1/1/17 1/1/18 1/1/19 1/1/20 1/1/21 12/31/21 10Y U.S. TREASURY YIELD 1/1/06 ...amplified by low rates... 178 2017 1/1/11 GLOBAL VC DRY POWDER $ Billions 1/1/16 221 Significant dry powder... 2018 262 2019 12/31/21 AS OF 12/31/21 1.5% 331 2020 438 2021 ...and acceleration of digital adoption REVENUE GROWTH² % vs. 12/31/16 GLOBAL PE DRY POWDER $ Billions 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 9/30/21 1,085 ...to support future investment 2017 1,252 1,366 Note: Market data sourced from FactSet. VC and PE dry powder data sourced from Preqin. VC and PE dry powder data has been upated with Preqin's proprietary back-end data set and filters which has resulted in prior period revisions. 1. Nasdaq 100 Index used as a proxy for technology markets. 2. Source: Refinitiv. Historical revenue growth for companies included in the Nasdaq100 and S&P 500 (excluding Nasdaq-100 companies) as of December 31, 2021. 2018 AS OF 9/30/21 2019 Nasdaq-100¹ 1.9x S&P 500 ex Nasdaq-100 1.3x 2020 1,807 1,662 11 2021 Q4 2021 Financial Highlights 8#9Strong liquidity franchise + innovation economy momentum driving resilient client funds growth TOTAL AVERAGE CLIENT FUNDS ($ Billions) On-balance sheet deposits Off-balance sheet client funds 25% 24% 21 17 2006 28% 15% 24 4 20 2007 svb > 9% -2% 26 5 21 2008 -4% -25% 15% 25 9 16 9% 28 12 16 2009 2010 Global Financial Crisis Annual total client funds growth rate (positive, negative) 42% 20% 33 15 18 2011 14% -8% 18% 15% 44 20 24 38 18 20 2012 2013 51% 33% 58 28 30 2014 29% 16% 76 37 Annual U.S. VC investment growth rate (positive, negative) 39 9% -4% 82 39 43 15% 7% 94 43 51 2015 2016 2017 VC Recalibration* Note: VC investment data sourced from PitchBook. Investment data has been updated with PitchBook's proprietary backend data set and filters which has resulted in prior period revisions. * Pullback in VC investment. 63% 31% 123 48 75 2018 19% 0.2% 147 55 92 2019 31% 15% 192 75 117 98% A 329 71% 148 181 2020 2021 COVID-19 Pandemic Q4 2021 Financial Highlights 9#10Active capital management to support extraordinary growth SILICON VALLEY BANK CAPITAL RATIOS¹ As of 12/31/21 Q4'21 SVBFG capital markets activity $1B 4.250% fixed-to-reset Series D non- cumulative perpetual preferred stock • ● ● Q4'21 Bank capital ratio drivers $1B downstream of SVBFG liquidity to Bank Strong earnings and robust balance sheet growth ● $600M 4.700% fixed-to-reset Series E non- cumulative perpetual preferred stock $650M 1.80% senior notes due 2026 ● Strong profitability builds capital 17.1% FY'21 ROE svb > Off-balance sheet solutions help optimize growth SVB capital ratio 47% OF FY'21 AVERAGE CLIENT FUNDS GROWTH IN OBS CLIENT FUNDS Regulatory minimum 14.92% 7.00% Common Equity Tier 1 Levers to support capital SVBFG liquidity a portion of which can be downstreamed to Bank $2.2B 12/31/21 SVBFG LIQUIDITY 14.92% 1. Ratios as of December 31, 2021 are preliminary. 2. Excludes $1.1B shares issued on July 1, 2021 to complete Boston Private acquisition. 8.50% Tier 1 Capital 15.44% 10.50% Total Capital Capital markets activity to support growth $1.65B STOCK 2021 NEW $3.35B ISSUANCES PREFERRED SENIOR $2.4B NOTES COMMON STOCK² Amounts are gross of fees Targeting 7-8% Bank Tier 1 Leverage 7.24% 4.00% Tier 1 Leverage I Rate protections to mitigate OCI risk from AFS fair value changes $10.7B FAIR VALUE HEDGES WITH -$130M PRE-TAX UNREALIZED GAINS AS OF 12/31/21 Q4 2021 Financial Highlights 10#11Improved 2022 outlook Additional potential upside if rates increase Outlook considerations Strong tailwinds continue to support the innovation economy, despite ongoing pandemicrelated challenges and concerns over rising inflation, although public market volatility could cause temporary pullbacks in investment and exit activity given record high valuations Improved outlook reflects the strength of our markets, effective execution of our growth initiatives and higher investment yelds since 10/21/21 Outlook excludes changes in interest rates; rising rates would significantly increase earnings power, opening additional opportunities to invest in our long- term growth strategy, talent attraction and retention ● ● ● ● Outlook excludes ~$40M estimated pretax merger-related charges (~$30M in 1H'22 and ~$10M in 2H'22) Outlook also excludes impact of potential changes relating to a material deterioration in the overall economic environment and regulatory/policy changes under the current U.S. government administration • Note: We do not provide a quantitative outlook for market related gains. Expect warrant and investment gains to moderate from 2021's exceptional levels - gains may be volatile QoQ Business driver Average loans Average deposits svb > Net interest income¹ Net interest margin Net loan charge-offs Core fee income², 3 FY'21 results $54.5B $147.9B $3,179M 2.02% 0.21% $751M $538M $2,941M 10/21/21 prelim outlook FY'22 vs. FY'21 Mid 20s % growth Low 40s % growth Mid 30s % growth 1.90-2.00% 0.20-0.40% Mid 20s % growth $625-675M Low 20s % growth Current outlook FY'22 vs. FY'21 Low 30s % growth Low 40s % growth High 30s % growth 25-27% 1.90-2.00% 0.15-0.35% SVB Leerink revenue², 4 Noninterest expense excluding merger-related charges Effective tax rate 26.2% Note: Actual results may differ. For additional information about our financial outlook, please refer to our Q4 2021 Earnings Release and Q4 2021 CEO Letter. 1. Excludes fully taxable equivalent adjustments. 2. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our nonGAAP reconciliations at the end of this presentation. 3. Excludes SVB Leerink. 4. Represents investment banking revenue and commissions. Mid 20s % growth $625-675M Low 20s % growth 25-27% Q4 2021 Financial Highlights 11#12The bank of the global innovation economy We bank: For nearly 40 years, we have helped innovators, enterprises and their investors move bold ideas forward, fast. Serving the entire innovation ecosystem: SVB Capital - Venture Capital and Credit I Silicon Valley Bank - Global Commercial Banking svb > Technology & Life Sciences/Healthcare Companies Accelerator (Early Stage) Revenue <$5M Investors Private Equity Venture Capital Limited Partners 233 Investing 0000 414 0000 -&18² Corp Fin Revenue >$75M SVB Private Bank - Private Banking and Wealth Management Entrepreneurs, Investors, Executives, Family Offices Growth Revenue $5M-$75M SVB Leerink - Investment Banking Individuals 233 ~50% U.S. venture-backed technology and life science companies Deep sector expertise CLIMATE TECHNOLOGY & SUSTAINABILITY SOFTWARE & INTERNET FINTECH ($) PREMIUM WINE HARDWARE & FRONTIER TECH INVESTORS LIFE SCIENCE & HEALTHCARE 55% U.S. venture-backed technology and healthcare IPOs in 2021 Comprehensive solutions GLOBAL COMMERCIAL BANKING FUNDS MANAGEMENT RESEARCH & INSIGHTS INVESTMENT SOLUTIONS PRIVATE BANKING & WEALTH MANAGEMENT INVESTMENT BANKING K Unparalleled access, connections and insights to increase our clients' probability of success Q4 2021 Financial Highlights 12#13Our vision: Be the most sought-after partner helping innovators, enterprises and investors move bold ideas forward, fast svb> MI IN Financial Group techstars_ aumni bolster Nasdaq Private Market MOFFETTNATHANSON AN SVB COMPANY svb> vouch Silicon Valley Bank Global commercial banking svb > Silicon Valley Bank SVBLEERINK New Tech, Healthcare Services & Healthtech hires Clients SVB Leerink Investment banking for technology, healthcare and life science companies BOSTON PRIVATE AN SVB COMPANY SVB Private Bank Private banking and wealth management SVB Capital Venture and credit investing expertise, oversight and management svb> Private Bank svb Capital Expanding and deepening our global platform: Strategic partnerships M&A and hiring have bolstered organic initiatives to meet clients' needs at all stages WRG WEST RIVER GROUP DEBT INVESTMENT BUSINESS Q4 2021 Financial Highlights 13#14Further accelerating investments to drive and support long-term growth Outstanding performance Potential upside from rising rates Investing NOW to extend leadership position in the innovation economy - expect to reinvest a portion of the in-year revenue upside in 2022 from rising rates (see page 21) 17.1% + FY'2021 ROE Strong, sustainable NII growth High 30s % End-to-end digital banking platform Digital client onboarding Technology platform upgrades APIs and payment enablement Strategic partnerships to accelerate product delivery svb > FY'22 NII GROWTH OUTLOOK¹ + Accelerated investments in 2022 to drive long-term scalable growth Enhance client experience Drive revenue growth SVB Leerink expansion (healthcare services and technology investment banking) Private Banking & Wealth Management integration and go-to-market strategy Strategic investments Talent attraction, retention and development Client acquisition New products -$305-365M EXPECTED INCREASE IN ANNUALIZED PRE-TAX NII AND CLIENT INVESTMENT FEES FOR FIRST 25 BP INCREASE IN RATES² Product penetration • Fintech strategy • Geographic expansion • SVB Capital debt fund and life science strategy + Compelling markets . ~$2.2T GLOBAL PE/VC DRY POWDER³ Improve employee enablement "OneSVB" collaboration initiative to deliver the full power of the SVB platform to clients Agile ways of working nCino credit onboarding platform • Mobile and collaboration tools Client and industry insights Global Delivery Centers • Diversity, Equity & Inclusion initiatives Enhance risk management %% 4. Category III standards will become applicable at >$250B in average total consolidated assets or ›$75B in weighted shorterm wholesale funding, nonbank assets or offbalance-sheet exposure. ● ● ofă 1. See page 11 for more information. 2. Includes $90-110M in annualized pre-tax NII assuming a static balance sheet as of December 31, 2021, an additional ~$10-20M in annualized pre-tax NII from balance sheet growth implied by FY'22 outlook and ~$205-235M in annualized pre-tax client investment fees based on Q4'21 average OBS client investment fund balances. See page 21 for additional assumptions. 3. Source: Preqin. As of December 31, 2021. Data foundation Cybersecurity Large Financial Institution regulatory requirements (Category IV (>$100B in average total consolidated assets); preparing for Category III) U.K. subsidiarization requirements O 108 B Q4 2021 Financial Highlights 14#15Building the premier investment bank dedicated to the innovation economy SVB Leerink expansion initiatives enhance ability to deliver strategic support to our clients as they grow 2021 HIGHLIGHTS Acquired technology equity research firm MoffettNathanson LLC in December ● ● ● ● Launched Technology Investment Banking in September Deepened Healthcare Services and Healthtech Practices Added Leveraged Finance, Private Placements, SPACs and Structured Finance capabilities 52 Technology¹ and 50 Healthcare Services and Healthtech investment bankers hired in 2021 LOOKING AHEAD -25-50 anticipated additional hires through year-end 2022 to build out technology equity capital markets, fintech, leveraged finance, sponsor coverageand equity research EDUCATION INDUSTRIAL ENTERPRISE TECHNOLOGY TECHNOLOGY SOFTWARE svb > LV ~$150-200M expected SVB Leerink revenue in 2022 from combined new initiatives, shifting the mix of business towards higher margin advisory fees NEW TECHNOLOGY DIGITAL INFRA & TECH SERVICES DUD CONSUMER SOFTWARE, INTERNET & INFO SERVICES FINTECH ENCES/HEALTHCARE CAPABILITIES ---- $ Alternative Equities Institutional Equities Convertible Securities u wwwww TOOLS & DIAGNOSTICS Equity MEDACorp Research SVBLEERINK Structured Finance SPACS 1. Excludes Moffett Nathanson employees. 2. Included in FY'22 outlook for SVB Leerink revenue of $625-675M. SVB Leerink revenue is a non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our non-GAAP reconciliations at the end of this presentation. TECHNOLOGY CAPABILITIES Equity Capital Markets M&A Advisory Leveraged Finance Private Placements LIFE SCIENCES/HEALTHCARE MEDICAL DEVICES BIOPHARMA HEALTHCARE SERVICES ADDED 2021 DIGITAL HEALTH & HEALTHTECH Expanded in 2021 Q4 2021 Financial Highlights 15#16Creating a premier Private Banking & Wealth Management platform Focused on capturing the ~$400B potential opportunity among current clients¹ Grow residential mortgage lending Immediate opportunity to introduce entrepreneurs and executives at our commercial clients to Private Banking EARLY PERFORMANCE INDICATORS ~$780M Q4'21 MORTGAGE ORIGINATIONS Initial driver of revenue synergies systems according to defined roadmap 14 2021 WEALTH ADVISOR HIRES (7 in Q4'21, including a new Head of Relationship Management) svb > Attract talent Add capacity to serve clients Further enhance capabilities and expertise ● Unifying product offerings to create consistency and leverage the best capabilities of both organizations ● TARGETS FOR 12/31/22 -$15-16B SVB PRIVATE BANK LOANS (vs. $13.0B at 12/31/21; includes Private Bank, CRE, Other C&I and Other loan classes)² Upcoming integration milestones (next ~15 months) Integrating Launching new technology brand and product suite (expected in Q2'22) -$22-23B PRIVATE BANK AUM (vs. $19.6B at 12/31/21) Provide differentiated solutions Private stock solutions • SVB Capital funds and private placements Trust and family office services ● Developing comprehensive private stock solutions, leveraging our Nasdaq Private Market JV ● MEDIUM-TERM TARGETS (~3 years) -$70B TOTAL CLIENT POSITION vs. $47B Q4'21 TCP ($20B Private Bank AUM, $13B loans and $14B deposits)³ 1. Estimated potential "total client position" ("TCP") through SVB's current commercial clients based on SVB management analysis (2020). Includes potential wealth management assets, loans and deposits. 2. SVB Private Bank segment reporting includes the following loan classes: Private Bank, CRE, Other C&I and Other (see page 32). 3. Reported Total Client Position represents sum of Private Bank assets under management ("AUM"), and loans and deposits as reported in our SVB Private Bank segment reporting. At least 1 PBWM RELATIONSHIP at 50% OF COMMERCIAL CLIENTS Recruiting new advisors to support growth plan Q4 2021 Financial Highlights 888 P 8-8 16 090 non (289)#17Well-positioned to capture compelling private banking and wealth management opportunity Trusted advisor and team + + ● Dedicated advisor supported by a team of specialists Deep wealth management and innovation economy expertise Tooo GA QUE Superior client focus Holistic, relationship- based advice and service svb > © Full product suite Comprehensive planning to prepare for complex financial needs resulting from liquidity and life events Wealth Advisory Investment Lending Exclusive access Mortgages Private stock lending Securities-based loans Specialty commercial HNW/UHNW Family office Tax planning Philanthropy Trust & estate + Bespoke solutions Premier private banking and wealth platform DA to networking events, insights and investment opportunities in the innovation economy SVB Capital access Private placements Brokerage solutions Impact investing Tailored solutions to address equity compensation, concentrated stock positions and non-liquid assets Wealth access digital portal Seamless onboarding 360° view of financial positions Integrated banking and wealth solutions Personalized financial planning Customized portfolio management 24-7 access and support Next generation digital platform "Always on" digitally enabled interactions and improved efficiencies Large balance sheet to support clients' borrowing needs Q4 2021 Financial Highlights 17#18Strategic partnerships: another channel to expand capabilities to better meet clients' needs 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 Bank, SVB Capital & SVB Leerink: Provide investor clients more liquidity options and broader access to investment opportunities svb > bolster Marketplace for on-demand executive talent Commercial Banking: Help clients rapidly scale and diversify their leadership teams and boards SVB Private Bank: 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 non-controlling 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 Q4 2021 Financial Highlights 18#19Ability to generate sustainable NII NET INTEREST INCOME* $ Billions 0.4 2007 0.4 5 2008 6 0.4 2007 2008 svb > Historically, balance sheet growth has offset low rates to support NII 0.4 2009 2010 10 AVERAGE INTEREST-EARNING ASSETS $ Billions 0.5 14 2011 2009 2010 NII 17 0.6 2011 2012 NIM 19 0.7 2013 0.9 21 2014 Average Fed Funds Rate 31 Growth in interest-earning assets provides foundation to drive future interest income Average Investment Securities 2012 2013 2014 1.0 * Net interest income presented on a fully taxable equivalent basis. Average Cash 1.2 39 1.9 + 2015 2016 2017 2018 2019 2020 2021 2022 2015 42 1.4 2016 Estimated based on FY'22 outlook 47 2.1 53 2.2 60 3.2 Average Loans 81 2017 2018 2019 2020 I 158 2021 High 30s% FY'22 NII growth outlook See page 11 for more information 95% FY'21 YoY growth rate in average interest- earning assets Q4 2021 Financial Highlights 19#20Diversification further enhances growth and profitability CORE FEES AND SVB LEERINK REVENUE* $ Millions WARRANT AND INVESTMENT GAINS NET OF NCI* $ Millions Investments diversifying revenues Client acquisition Wealth management Investment banking SVB Capital funds International expansion Digital banking Liquidity solutions FX and payments New products & expertise $8.3B INTERNATIONAL AVERAGE LOANS 15% of total loans $2.0 $2.9 2017 2018 svb > 43% CAGR $4.0 $5.7 8900 2019 2020 $8.3 2021 SVB Leerink Revenue Core Fee Income 379 2017 OBS Client Funds 1.5 $9.4 Deposits Total 7.9 516 894 $37.7B INTERNATIONAL AVERAGE TOTAL CLIENT FUNDS 11% of total client funds 252 $12.9 2.4 642 603 1,084 42% CAGR $15.0 3.1 481 2018 2019 2020 2021 10.5 11.9 $19.0 3.6 1,289 15.4 538 751 $37.7 4.4 33.3 2017 2018 2019 2020 2021 Gains expected to moderate from 2021's exceptional levels and may be volatile QoQ; lower gains more than offset by expected NII growth Warrant Gains Investment 90 Securities Gains Note: International activity reflects figures for our international operations in the U.K., Europe, Israel, Asia and CanadaThis management segment view does not tie to regulatory definitions for foreign exposure. Prior periods were updated in Q4'21 to include Canada, which was previously not included. *Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our non-GAAP reconciliations at the end of this presentation. $36 2017 $57 2018 $117M INTERNATIONAL CORE FEE INCOME* 16% of total core fees 571 224 138 334 34% CAGR $70 237 139 89 50 86 2017 2018 2019 2020 2021 $80 1,081 560 521 Q4 2021 Financial Highlights $117 2019 2020 2021 20#21Significant revenue upside if rates rise Estimated increase in annualized pre-tax NII for each 25 bp increase in rates NII INCREASE ASSUMING STATIC BALANCE SHEET ADDITIONAL NII BENEFIT ASSUMING FY'22 GROWTH OUTLOOK TOTAL NII BENEFIT +~$90-110M¹ +~$10-20M² +~$100-130M svb > Estimated increase in annualized pre-tax client investment fees and fee margin³: FIRST 25 BP INCREASE IN SHORT-TERM RATES SUBSEQUENT 25 BP INCREASE IN SHORT-TERM RATES +~$205-235M +10-11 bps Increased earnings power provides opportunity to invest further in our long-term growth strategy, talent attraction and retention (see page 14) - expect to reinvest a portion of the in-year revenue upside in 2022 from rising rates +~$20-50M +1-2 bps 1. Equivalent to +10.9% NII sensitivity for the expected 12month impact of a +100 bp rate shock on net interest income. Managements sensitivity analysis is based on a static balance sheet, in size and composition, as of December 31, 2021 and is subject to assuptions, including a 60% beta on interest-bearing deposits and an instantaneous and sustained parallel shift in rates. Actual results maydiffer. See our upcoming 2021 Form 10-K report for more information. 2. Assumes growth in average loans and average deposits consistent with our FY'22 outlook (see page 11) and that securities payowns (-$3-4B/quarter) and excess balance sheet growth is reinvested in securities until $810B average Fed cash target is met. 3. Based on Q4'21 off-balance sheet client investment fund average balances. Q4 2021 Financial Highlights 21#22Attractive long-term growth opportunity Unique liquidity franchise Differentiated business model Increasing clients' probability of success through the combined power of our four core businesses, and our deep expertise and long-standing innovation economy relationships Growth investments 18 000 Expanding and deepening platform to meet innovation clients' needs at all stages • Enhancing our systems, infrastructure and processes to support our continued growth svb> Robust, high- growth markets Innovation is driving economic growth, and digital adoption and activity in healthcare are accelerating Strong credit and asset quality LOW RATE ENVIRONMENT (0-2.50% Fed Funds Rate) Long-term financial objectives² ~15% -10% ROE Long track record of strong underwriting and resilient credit performance 88% of assets in high-quality investments and low credit loss experience lending¹ Industry-leading growth & profitability Powerful client funds franchise with low cost of on-balance sheet deposits EPS GROWTH annualized Strong capital management and ample liquidity Ability to support growth and manage shifting economic conditions while investing in our business Robust earnings power ROE ● 1. Based on cash, fixed income investment portfolio and Global Fund Banking and Private Bank loan classes of financing receivables as of December 31, 2021. 2. Long-term financial objectives are not specific to our FY'22 outlook. Industry-leading growth and profitability Diversified revenue streams to drive earnings through rate and economic cycles NORMALIZED RATE ENVIRONMENT (>2.50% Fed Funds Rate) Proven leadership fan Deep bench of proven leaders delivering sustainable growth, supported by strong global team ~20% 10% EPS GROWTH annualized $₁1 RISING RATE ENVIRONMENT ~20% EPS GROWTH annualized Q4 2021 Financial Highlights 22#23Our commitment to ESG Advancing social equity, economic opportunity and environmental sustainability Com MENTERI 7 ESG strategic initiatives svb > Engaging and empowering our employees Promoting Diversity, Equity & Inclusion ("DEI") at SVB Championing DEI in the Innovation economy Providing access to affordable housing Supporting our communities Financing environmentally sustainable solutions Practicing responsible governance 199 New goals & commitments Environmental $5B sustainable finance commitment by 2027 Reduce SVB emissions and achieve carbon neutral operations, including business travel, and 100% of electricity from renewable sources by 2025 ● ● Social ● • $11.2B Community Benefits Plan (2022-2026)¹ $50M to Access to Innovation² initiatives by 2025 Member of Pledge 1% - aspire to donate 1% of net income and volunteer 1% of FTE time annually Expand supplier diversity spend to 8+%by 2026 • New workplace diversity goals coming soon ● ● Governance Annually disclose against leading ESG frameworks STAINABILITY ACCOUNTI SASB STANDARD BOARD WORLD ECONOMIC FORUM TCFD Note: Refer to www.svb.com/living-our-values for more information and to access our new ESG Report. Website content/links are nba part of this presentation. 1. Includes $5B in small business loans of $1 million or less, $4.8B in Community Reinvestment Act community development loans and investments, $75M in charitable contributions and $1.3B in residential mortgages to low and moderate-income ("LMI") borrowers and in LMI census tracts in California and Massachusetts over the next 5 years. 2. SVB's signature program to increase funding and representation at all levels for women, Black and Latinx people in the innovatio economy. TASK FORCE CLIMATE RELATED FINANCIAL DISCLOSURES CDP Q4 2021 Financial Highlights T Amesiss 23 WERE#24Performance detail and outlook drivers svb > Q4 2021 Financial Highlights 24#25Key external variables to our forecast Our performance is influenced by a variety of external variables, including but not limited to: • Promote new company formation which helps support client acquisition • Source of client liquidity which impacts total client funds growth A source of repayment for Investor Dependent loans VC fundraising and investment PE fundraising and investment Exit activity Capital markets Interest rates Economic environment Competitive landscape Political environment svb > ir ($ ராம் AH ● ● 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 and M&A 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 Shape of yield curve directly impacts NIM via lending and investment yields vs. funding costs • Client investment fees move with short term rates Performance and volatility of public, private and fixed income markets impact exit activity, marketdriven revenues (FX, investment banking revenue and commissions, warrant and investment gains and wealth management and trust fees) and VC/PE fundraising and investment • 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 Affects health of clients which determines credit quality Level of business activity drives client liquidity and demand for our products and services 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 Q4 2021 Financial Highlights 25#26Continued private markets momentum drove surge in client funds Expect FY'22 average deposit % growth in the low 40s ● ● ● ● Q4'21 activity Average client funds +$36B as VC investment activity fueled client liquidity, amplified by robust client acquisition over the past year Technology clients drove both on and off-balance sheet growth Anticipated year-end PE/VC distributions did not stall onbalance sheet deposit growth (average balances +$20B, EOP +$18B) Stable deposit mix (67% noninterest-bearing deposits) and improved cost of deposits (decreased 1 bp in Q4) FY'22 outlook key assumptions Expect strong deposit growth and steady cost of deposits and share of noninterest-bearing deposits. Key assumptions: +Strong PE/VC investment and public markets activity, but moderating from 2021's exceptional levels Generates liquidity for technology and life science/healthcare clients + New client growth Continued strong client acquisition China tech policy changes Slows investment in Chinese companies Note: Public market volatility could cause temporary pullbacks in investment and exit activity given record high valuations. • Rising rates would increase cost of deposits and may also shift more client liquidity off-balance sheet. svb > AVERAGE CLIENT FUNDS $Billions +73% YoY 226 31 62 133 262 37 73 152 308 42 66.7% 66.2% 92 174 Q4'20 Q1'21 Q4'20 Q1'21 Q2'21 Q3'21 68.4% 0.04% 0.04% 0.04% 355 54 110 Q2¹21 191 AVERAGE DEPOSIT MIX AND PRICING 67.1% 0.05% 391 60 Q3'21 123 208 Q4'21 0.04% Interest-Bearing Deposits Q4'21 Noninterest-Bearing Deposits Percent of Noninterest- 67.1% Bearing Deposits Off-Balance Sheet Client Funds Total Cost of Deposits Q4 2021 Financial Highlights 26#27Significant securities purchases as deposit inflows continued Q4'21 activity Purchased $27.2B securities (1.49% weighted average yield, 4.4y duration) vs. roll-offs of $5.3B at 1.54% ● ● ● ● HTM purchases included agency-issued MBS/CMOS/CMBS, high-quality munis and a small amount of corporate bonds; AFS purchases primarily included USTS ● Sold $1.4B of agency issued MBS from AFS to manage interest rate risk, realizing $32M pre-tax gains Outsized deposit growth continued to drive elevated average Fed cash balances, despite significant securities purchases; period-end Fed cash declined to $6B following anticipated PE/VC year-end distributions FY'22 balance sheet positioning • Focused on maintaining 2-2.5y hedge-adjusted AFS portfolio duration to mitigate OCI risk while buying 3-5y duration HTM securities to support portfolio yields Investing excess on-balance sheet liquidity in high-quality securities (agency MBS/CMOS/CMBS, munis and corporates), primarily classified as HTM Targeting average Fed cash balances at $8-10B target* Expect average FY'22 portfolio yield to be ~1.50-1.60%. Key assumptions: + Improved new purchase yields Expect new purchase yields ~1.65-1.75% Estimated $3.0-4.0B paydowns per quarter High-quality alternative investments Opportunistically buying strong credit-quality munis and corporate bonds to support portfolio yields Premium amortization expense From prepayments of securities purchased at a premium Expect +/- $20-30M change in premium amortization expense for each +/-10 bp change in 10y yields Rate protections $10.7B receive floating swaps on AFS portfolio at 38 bps cost (as of 12/31/21) Note: Rising rates would benefit portfolio yields. svb > * Actual balances depend on timing of fund flows. AVERAGE FIXED INCOME INVESTMENT SECURITIES $ Billions Stabilizing portfolio yields Tax-effected Yield 1.98% Cash in other financial institutions and foreign central banks Fed Cash 41.4 Securities Purchases Q4'20 Portfolio Duration 3.7y 4.8y Hedge-adjusted N/A 4.3y 15.9 3.2 1.90% 12.7 53.5 Q4'20 AVERAGE CASH AND EQUIVALENTS $ Billions Q1'21 Q2'21 18.2 3.4 14.8 1.57% 93.8 Q1'21 72.3 11.4B 24.0B 4.5y 4.5y 3.9y 4.0y 21.1 4.4 16.7 1.55% Q2'21 Q3'21 21.8 5.9 15.9 111.7 1.54% Q4'21 4.0y 3.7y 22.1 6.0 16.1 Q3'21 Q4'21 21.2B 25.3B 27.2B Q4 2021 Financial Highlights 27#28Flexible liquidity management strategy supports strong, profitable growth Robust liquidity solutions to meet clients' needs $183B Q4'21 AVERAGE ON-BALANCE SHEET DEPOSITS 40+ LIQUIDITY MANAGEMENT PRODUCTS On- vs. off-balance sheet considerations Bank tier 1 leverage ratio Profitable spread income Ability to support client funds growth on- and off-balance sheet, while optimizing pricing and mix Liquidity svb > Target range 7-8% internal target 75-100 bps minimum target spread between new purchase yields and deposit costs $8-10B average Fed cash target* 3 * Actual balances depend on timing of fund flows. $208B Q4'21 AVERAGE OFF-BALANCE SHEET CLIENT FUNDS Continued product development Flexibility TO BETTER SERVE CLIENTS $2.2B SVBFG liquidity as of 12/31/21, a portion of which can be downstreamed to Bank -1.65-1.75% expected new purchase yields (assuming no changes to interest rates) 4bps Q4'21 average cost of deposits enables healthy margins Focused on supporting yields and mitigating OCI risk from rising rates -$3.0-4.0B expected portfolio cash flows per quarter through 2022 $130B borrowing capacity as of 12/31/21 ($5.5B repo, $2.2B Fed Lines, $7.1B FHLB & FRB and $115B of unpledged securities) Q4 2021 Financial Highlights 28#29Strong PE/VC investment activity continued to drive robust loan growth Increased FY'22 average loan growth outlook to low 30s % Q4'21 activity Strong loan growth (average loans +$3.3B/+6% QOQ, EOP +$4.8B/+8% QoQ) driven primarily by GFB capital call line borrowing as PE/VC investment activity remained robust • ~$780M mortgage originations (+11% QoQ) on strong refinance activity Robust Tech and Life Science/Healthcare borrowing- even with paydowns from client fundraising events, average quarterly balances grew +18% YoY ● AVERAGE LOANS $ Billions Portfolio Utilization PPP CRE Other C&I Premium Wine and Other Private Bank Tech and Life Science/HC Global Fund Banking 3.47% Q3'21 Loan Yield 58.6% svb > 41.5 4.6 11.1 22.1 AVERAGE LOAN YIELD¹ 1.7 Q4'20 (0.02%) 79 1.9 Loan Yield Compression 58.4% 46.3 5.0 11.8 26.3 1.6 1.6 Q1'21 (0.02%) 58.2% Loan Mix 49.8 5.2 12.4 29.1 Q2'21 1.4 1.7 60.4% 59.3 8.2 12.7 31.9 0.6 2.7 1.4 1.8 Q4 swap gains² Q4 BP purchase accounting Q4 average active loan floors 0.02% Q3'21 Loan Fees (PPP and Prepays) 60.3% 62.6 8.6 13.2 34.4 Q4'21 0.3 2.7 1.4 2.0 $16M ($19M) $34B 3.45% Q4'21 Loan Yield FY'22 outlook key assumptions • Increasing FY'22 average loan growth outlook due to strong GFB pipeline. Key assumptions: ● + ● ● Strong PE/VC investment activity, but moderating from 2021's exceptional levels Supports GFB capital call line growth + Strong SVB Private Bank lending growth, enhanced by Boston Private integration Targeting -$15-16B total balances at yearend (includes Private Bank, CRE, Other C&I and Other loan classes) Key assumptions impacting FY'22 loan yields: Boston Private purchase accounting Amortization of fair value mark ups on loans ($64M remaining at 12/31/21, vast majority to be amortized by end of 2023) Robust tech and life science/HC pipelines + expansion initiatives Strong pipelines + opportunity to grow project finance (clean energy), recurring revenue, fintech warehouse and sponsorled buyout loans Shifting loan mix Growth driven by lower yielding GFB and Private Bank mortgages Spread compression Increasing competition as economy recovers Note: Public market volatility could cause temporary pullbacks in PE/VC investment activity given record high valuations. Rising rates would benefit loans yields of variable rate loans (91% of Q4'21 average loans), but could also accelerate spread compression. Rate protections $116M remaining locked-in pre-tax swap gains as of 12/31/21² $36B active loan floors as of 12/31/21, however loan renewals may pressure ability to maintain floor rates 1. SBA PPP contributed $5M to Q4'21 NII, including $4M of loan fees. $0.2B PPP loans were forgiven in Q4. 2. Expect vast majority of remaining pretax fair value gains from $5B swap unwind in Q1'20 to be reclassified from OCI to loan interest income by the end of 2023. 3. 3.16% weighted average floor rate. $148M expected benefit from inthe-money floors based on a weighted average maturity of 1.5 years. Q4 2021 Financial Highlights 29#30Exceptional balance sheet growth drove strong NII despite low rates Raising FY'22 NII growth outlook to high 30s % and expect FY'22 NIM between 1.90-2.00% – additional potential upside if rates increase Q4'21 activity NET INTEREST INCOME¹ $ Millions 859 Q3'21 NII 1.95% Q3'21 NIM 67 NET INTEREST MARGIN svb > Cash and Fixed Income Portfolio Growth Loan Growth (0.05%) 26 Fixed Income Portfolio Growth at Lower Yields 0.01% NII +10% QoQ despite low rates (7) (4) Lower Loan Loan Fees Yields Loan Growth & Mix 6 0.01% Loan Fees Cost of Funding NIM impacted by significant securities purchases due to surging deposits (0.01%) 947 Cost of Funding Q4'21 NII 1.91% Q4'21 NIM FY'22 outlook key assumptions Improved NII outlook driven by higher loan growth guidance and investment yields since 10/21/21 preliminary outlook. NII and NIM outlook key assumptions: + + + + Balance sheet growth (+ for NII, - for NIM) Driven by strong client liquidity Rate protections (+ for loan yields,- for securities yields) $116M remaining locked-in pre-tax swap gains as of 12/31/21 $36B active loan floors as of 12/31/21, however loan renewals may pressure ability to maintain floor rates $10.7B receive floating swaps on AFS portfolio at 38 bps cost (as of 12/31/21) Reduction in average Fed cash balances To $8-10B target - actual balances depend on timing of fund flows Improved new purchase yields Expect new purchase yields ~1.65-1.75% Estimated $3.0-4.0B paydowns per quarter Premium amortization expense From prepayments of securities purchased at a premium Expect +/- $20-30M change in premium amortization expense for each +/10 bp change in 10y yields Boston Private purchase accounting Amortization of fair value mark ups on loans ($64M remaining at 12/31/21, vast majority to be amortized by end of 2023) Shifting loan mix Growth driven by lower yielding GFB and Private Bank mortgages Spread compression Increasing competition as economic recovery advances Note: Rising rates expected to benefit NII due to our asset sensitivity (see page 21). See pages 26, 27 and 29 for more information on the potential impact of rising rates and public market volatility on interestearning asset yields, deposit rates and balance sheet growth. 1. NII is presented on a fully taxable equivalent basis, while NII guidance excludes fully taxable equivalent adjustments. SBA PPP contributed $5M to Q4'21 NII, including $4M of loan fees. 2. Expect vast majority of remaining pretax fair value gains from $5B swap unwind in Q1'20 to be reclassified from OCI to loan intrest income by the end of 2023. 3. 3.16% weighted average floor rate. $148M expected benefit from inthe-money floors based on a weighted average maturity of 1.5 years. Q4 2021 Financial Highlights 30#31Excellent credit performance - strong loan growth drove higher provision Improved FY'22 NCOs outlook to 15-35 bps ● Q4'21 activity Excellent credit performance marked by very low gross chargeoffs ($9M), strong recoveries ($8M) and declining NPLs ($91M,-$26M QoQ) Higher provision reflects a $20M increase in performing reserves for robust loan growth in low credit loss experience portfolios and a $22M increase in unfunded reserves from commitment growth CREDIT QUALITY METRICS Q4'20 Q1'21 0.09% 0.79%¹ 0.23% 0.20% Q4'20 Q1'21 $(38) $19 20 PROVISION FOR CREDIT LOSSES COMPONENTS $ Millions 23 (5) (78) 2 svb > 81 1 18 (16) (62) 1 Q2'21 0.10% 0.16% (3) Q2'21 $35 15 15 Q4'21 Q3'21 0.07% 0.01% 0.19% 0.14% 4 1 Q3'21 $21 46 27 10 (70) 1 7 Q4'21 $48 3 22 20 1 Net charge-offs² Non-performing loans³ 2 Provision for credit losses BP non-PCD & unfunded commitments HTM Securities Unfunded Net credit losses Loan composition Non-performing loans Model assumptions ● 2. Net loan charge-offs as a percentage of average total loans (annualized). 3. Non-performing loans as a percentage of periodend total loans. FY'22 outlook key assumptions Improved NCOs outlook due to recovering economy and strength of innovation markets. Key assumptions: + ● + + Recovering business activity Watching COVID-19 spread-limited direct exposure to industries most severely impacted by pandemic Continued investor support Robust VC investment activity and dry powder Improved risk profile of loan portfolio Early Stage - historically has produced the most losses- now only 2% of loans; 70% of loans in low credit loss experience GFB and Private Bank classes Increased CRE exposure from acquired Boston Private loans Commercial real estate more impacted by restrictions to reduce spread of COVID-19 and transition to hybrid work environment; mitigated by limited overall exposure (only 4% of totalloans), well-margined collateral and ample reserves Larger Growth Stage and Innovation C&I loan sizes Growth of our balance sheet and our clients has increased number of large loans, which may introduce greater volatility in credit metrics Note: Public market volatility could cause temporary pullbacks in investment and exit activity given record high valuations which may impact Investor Dependent portfolio performance Changes in loan mix and model economic scenarios could drive volatility in provision: Moody's December economic scenarios 40% baseline 30% downside 1. Q1'21 included an $80M net charge off related to an isolated GFB potential fraud incident. Less this $80M net chargeoff, Q1'21 net credit losses were $1M and net chargeoffs were 0.09%. 30% upside Q4 2021 Financial Highlights 31#3270% of loans in low credit loss experience Global Fund Banking and Private Bank classes TOTAL LOANS $66.3B at 12/31/21 Innovation C&I 10% CFD - SLBO 3% Growth Stage ID ! 6% Early Stage ID 2% Other C&I Other Premium Wine CRE 2% 1% 1% 4% PPP, 1% 1 svb > Private Bank 13% Global Fund Banking ("GFB") 57% ALLOWANCE FOR CREDIT LOSSES FOR LOANS $422M at 12/31/21 Low Credit Loss Experience Classes Other C&I 1% 3% Premium Wine 2% Other CRE 8% Innovation C&I 18% CFD - SLBO 9% Note: See the Appendix at the end of this presentation for more information on our portfolio segments and classes of financing receivables. Technology & Life Science /Healthcare Private Bank 8% ID = Investor Dependent | CFD= Cash Flow Dependent | SLBO= Sponsor-led buyout | C&I= Commercial & Industrial | PPP Paycheck Protection Program | CRE- Commercial Real Estate Global Fund Banking ("GFB") 16% Early Stage ID 13% Growth Stage ID 22% Q4 2021 Financial Highlights 32#33Record FX and card fees drove robust core fees growth Expect FY'22 core fees % growth in the mid 20s - additional potential upside if rates increase Q4'21 activity FX fees (+12% QoQ) driven by robust PE investment activity • New clients, relationship expansion and increased spend drove card fees +12% QOQ ● ● ● Steady client investment fees, despite strong growth in balances, due to minor fee margin compression (fee margin still at 4 bps) Stable Private Bank AUM¹ ($19.6B) as market returns ($972M) were partially offset by net flows ($891M) CORE FEE INCOME² $ Millions 156 25 51 23 25 20 12 Q4'20 svb > 159 28 57 25 20 16 13 Q1'21 172 31 67 28 15 18 13 Q2'21 204 22 34 65 29 20 21 13 Q3'21 216 22 38 73 30 20 21 12 Q4'21 Wealth Management & Trust Fees ("WM&T") Credit Card Fees FX Fees Deposit Service Charges Client Investment Fees Lending Related Fees LOC Fees ● Core fees outlook key assumptions: + + + + FY'22 outlook key assumptions + Higher lending related fees Driven by higher unused commitments from robust loan growthas well as syndication opportunities in collaboration with SVB Leerink Improving client investment fees As balances increase Strong PE investment activity, but moderating from 2021's exceptional levels Supports FX fee growth Recovering business activity Supports card spend; watching COVID-19 spread New client growth and deepening engagement From investments in client acquisition, new products and client experience Enhanced wealth management offering Full-year impact of inclusion of Boston Private + launching new PBWM brand and product suite 1H'22 Targeting -$22-23B Private Bank AUM at yearend Note: Rising rates would benefit client investment fee margin, which moves with short-term rates (see page 21). Public market volatility could cause temporary pullbacks in investment and exit activity given record high valuations which may impact PE FX activity, investor demand for syndicated loans and OBS client investment fund balances. 1. Represents the Private Bank's client investment account balances. As a result of the completion of the Boston Private acquisition on July 1, 2021, Private Bank assets under management ("AUM") are no longer reported in off balance sheet client investment funds beginning in Q3'21. 2. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our non GAAP reconciliations at the end of this presentation. Q4 2021 Financial Highlights 33#34Continued momentum from SVB Leerink Expect SVB Leerink revenue between $625-675M for FY'22 SVB Leerink expands our solutions for clients Alternative Equities TOOLS & DIAGNOSTICS www BIOPHARMA Institutional Equities Convertible Securities LIFE SCIENCES/HEALTHCARE svb > Equity MEDACorp Research DIGITAL HEALTH & HEALTHTECH SVBLEERINK Structured Finance HEALTHCARE SERVICES MEDICAL DEVICES SPACS Equity Capital Markets Private Placements DIGITAL INFRA & TECH SERVICES បបប M&A Advisory NEW TECHNOLOGY Leveraged Finance CONSUMER SOFTWARE, INTERNET & INFO SERVICES EDUCATION TECHNOLOGY مازل FINTECH INDUSTRIAL TECHNOLOGY ENTERPRISE SOFTWARE Q4'21 activity • SVB Leerink continued to capitalize on strong public markets with increased deal activity in the quarter: 18 book-run transactions in Q4 ($3.5B in aggregate deal value) ● Opportunistic hiring and addition of technology equity research added $7M to Q4'21 SVB Leerink expenses SVB LEERINK REVENUE¹ $ Millions Commissions Investment Banking SVB Leerink expenses 151 18 133 166 24 142 120 17 103 107 17 SVB Leerink revenue outlook key assumptions: 90 FY'22 outlook key assumptions 1. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our noRGAAP reconciliations at the end of this presentation. 2. Included in FY'22 outlook for SVB Leerink revenue of $625M$675M. Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 $131M $136M $99M $142M $184M 145 21 124 New hires and expertise Recent hires to grow technology, healthcare services and healthtech investment banking expected to contribute $150-200M of revenues in 2022²; continue to add talent to deepen and expand capabilities Strong public markets activity, but moderating from FY'21's exceptional levels Drives investment banking revenues Strengthening collaboration Between Commercial Bank and SVB Leerink, enhancedby "OneSVB" initiative to deliver the full power of the SVB platform to clients Note: Public market volatility could cause temporary pullbacks in deal activity. Q4 2021 Financial Highlights 34#35Moderating market-related gains and potential volatility Gains expected to moderate from 2021's exceptional levels, more than offset by expected NII growth Q4'21 activity ● ● Warrant gains included $44M gains on exercises driven primarily by IPO activity during the quarter and $25M net valuation increases from private fundraising and potential exit activity Investment gains primarily driven by a $60M gain from an unrealized valuation increase related to a single strategic investment and a $32M gain from sale of AFS fixed income securities, partially offset by a $32M decline in public equity security valuations FY'22 considerations Gains expected to moderate from 2021's exceptional levels and may be volatile QoQ-key assumptions: Moderating gains After multiple quarters of exceptional gains, more than offset by expected NII growth + Public market volatility Impacts valuations, PE/VC investment and exit activity +Strong PE/VC investment activity and exit markets, but moderating from 2021's exceptional levels Supports valuations; exits impact ability to realize gains New client growth Opportunity to build warrant portfolio svb > WARRANT AND INVESTMENT GAINS NET OF NCI¹ $ Millions Warrant gains Investment Securities gains Warrants 248 Non-marketable and other equity securities² 144 104 Q4'20 203 364 973 222 WARRANTS & NON-MARKETABLE AND OTHER EQUITY SECURITIES² $ Millions 142 Q1'21 244 1,015 314 Note: The extent to which unrealized gains (or losses) from investment securities from our nomarketable and other equity securities portfolio as well as our equity warrant assets will become realized is subject to a variety of factors, including, among othethings, performance of the underlying portfolio companies, investor demand for IPOs and SPACs, fluctuations in the underlying valuatin 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 Q4 2021 Earnings Release and our nonGAAP reconciliations at the end of this presentation. 2. Net of investments in qualified affordable housing projects and noncontrolling interests. 122 192 Q2'21 266 949 248 147 101 274 155 1,216 69 Q3'21 Q4'21 86 277 1,222 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q4 2021 Financial Highlights 35#36Net warrant gains more than offset Early Stage charge-offs over time and offer meaningful earnings support WARRANT GAINS NET OF EARLY STAGE LOSSES $ Millions 8 -1 3 svb> O 3 22 -7 23 11 -10 -16 07 37 -3 -58 -13 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 19 -21 46 71 71 -26 -30 -12 38 55 -45 -35 2012 2013 2014 2015 2016 2017 89 -28 2018 138 237 -23 -27 2019 Over $1B Cumulative net gains (2002-2021 warrant gains less Early Stage NCOS) 560 -28 2020 2021 Net Gains on Equity Warrant Assets Early Stage NCOS Q4 2021 Financial Highlights 36#37Opportunistic investments and higher incentives from outstanding performance caused Q4'21 expenses to exceed guidance; Expect FY'22 noninterest expense % growth excluding merger-related charges in the low 20s Q4'21 activity QoQ increase in noninterest expenses driven primarily by higher salaries and wages from increased headcount across the organization and higher incentive compensation related to SVB Leerink hiring and outstanding firmwide performance Q4 noninterest expenses excluding merger-related charges exceeded guidance due to 1) continued success in recruiting top talent, particularly for SVB Leerink, and 2) higher incentive compensation from stronger-than- forecast firmwide performance NONINTEREST EXPENSES $ Millions GAAP efficiency ratio* Other Merger-related charges Occupancy BD&T Premises and Equipment Professional Services Compensation and benefits Average FTES svb > 54.8% * 665 81 45 42 77 416 4 4,419 45.3% 43.9% * 636 55 LOOM 81 445 Q4'20 Q1'21 4 653 55 37 3 97 425 Q2'21 4,601 4,808 57.7%* 879 59 83 25 54 19 104 548 6 60.1% 902 80 23 54 110 597 * 11 Q3'21 Q4'21 6,024 6,431 ● FY'22 key drivers Outstanding performance, strong growth outlook and compelling markets allow us to accelerate investments in our strategic priorities BREAKDOWN OF FY'22 NONINTEREST EXPENSE GROWTH Expect FY'22 noninterest expense growth in the low 20s% excluding merger-related charges FY'21 expenses ● High single digits % Continued FY impact hiring & of BP expenses PBWM In line with historical core expense strategy growth Core expense growth Mid single digits % See Private Banking & Wealth Management High single digits % SVB Leerink OneSVB Data FY impact of Cyber 2021 hires * Included in the GAAP efficiency ratio for Q4'20: $29M real estate expenses and $20M SBA PPP donation; for Q2'21: $19M merger-related charges; for Q3'21: $83M mergerrelated charges; and for Q4'21: $27M mergerrelated charges. Agile nCino Mobile & collab accelerated investments Digital Strategic investments Talent Client acquisition New products Client Employee enablement experience & risk management & revenue growth initiatives on page 14 Note: • Outlook excludes merger-related charges associated with the BP acquisition. Estimate $40M in FY'22 (~$30M in 1H'22 and ~$10M in 2H'22) FY'22 expenses Expect FY'22 expense growth to increase if rates rise, as a portion of the in year revenue upside in 2022 is likely to be reinvested(see page 21) Q4 2021 Financial Highlights 37#38Summary Robust markets Executing on our vision Strong outlook and rate upside Accelerating growth investments Well-positioned to drive long-term scalable growth svb> Innovation is driving economic growth, and digital adoption and activity in healthcare are accelerating Substantial PE/VC dry powder and strong demand for alternative assets to fuel longterm liquidity growth Consistent progress and bold steps to advance and expand our platform, including integrating Boston Private and building out a full technology investment bank Expect robust growth to continue in 2022 Rising rates would significantly increase earnings power Outstanding performance and strong outlook enable us to invest NOW to extend our leadership position in the fastest-growing market Potential upside from rising rates presents opportunity to further invest in strategic priorities Robust earnings power and diversified business model, enhanced by our investments, will deliver long-term scalable growth Q4 2021 Financial Highlights 38#39svb > Appendix Q4 2021 Financial Highlights 39#40Key performance indicators ROE and EPS 12.4% Return on Equity Diluted EPS $9.20 3.05% Net Interest Margin Net Interest Income¹ 1.4 20.6% 2017 $18.11 svb > NET INTEREST INCOME AND NIM $ Billions 2017 2018 2019 2020 2021 20.0% 16.8% 3.57% $21.73 1.9 3.51% $22.87 2.1 2018 2019 17.1% $31.25 2.2 2.67% 3.2 2.02% 2020 2021 AVERAGE TOTAL LOANS $ Billions 21.2 2017 379 2017 25.6 516 2018 894 252 29.9 CORE FEES AND SVB LEERINK REVENUE² $ Millions 642 2019 1,084 481 37.3 603 2020 1,289 538 751 54.5 2018 2019 2020 2021 2021 SVB Leerink Revenue (Investment Banking Revenue and Commissions) Core Fee Income 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 Q4 2021 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 3. Non-performing loans as a percentage of periodend total loans. 4. Net loan charge-offs as a percentage of average total loans. AVERAGE TOTAL CLIENT FUNDS $ Billions Average Deposits Average OBS Client Funds 0.51% 0.27% 94 43 51 2017 0.34% 123 48 NET CHARGE-OFFS AND NON-PERFORMING LOANS NPLS3 NCOs4 0.22% 75 2018 147 0.32% 55 92 2019 2017 2018 2019 2020 2021 0.24% 0.23% 192 75 117 Less Q1'21 $80M GFB potential fraud incident 2020 -0.20% 0.14% Q4 2021 Financial Highlights 329 148 2021 181 0.21% 0.06% 40#41Strong liquidity franchise Uniquely positioned to drive balance sheet growth 1 On- and off-balance sheet liquidity solutions Q4'21 AVERAGE BALANCES $391B TOTAL CLIENT FUNDS $183B ON-BALANCE SHEET DEPOSITS $208B OFF-BALANCE SHEET CLIENT FUNDS 40+ liquidity management products to meet clients' needs and optimize pricing and mix svb> 2 DEPOSITS 15% 21% Diversified sources of liquidity from high-growth markets 2% 22% 8% 3% 10% OBS CLIENT FUNDS 1% 7% 10% 29% 13% 27% 32% CLIENT NICHE¹: Early Stage Technology Technology Early Stage Life Science/ Healthcare Life Science/ Healthcare International² U.S. Global Fund Banking Private Bank Other 1. As of December 31, 2021. 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. Source: S&P Global Market Intelligence average for 12 of the top 50 US banks by asset size as of January 19, 2022. 3 Low cost deposits Q4'21 AVERAGE COST OF DEPOSITS 8 bps TOP 50 4 bps BANKS3 SVB 67% of total Q4'21 average deposits are noninterest-bearing Q4 2021 Financial Highlights 41#42High-quality balance sheet growth driven by deposits PERIOD-END ASSETS $ Billions PERIOD-END LIABILITIES $ Billions 51.2 2017 svb > 43% CAGR 56.9 88% of assets in high-quality investments and low credit loss experience lending* 71.0 115.5 211.5 2018 2019 2020 2021 Other Assets Non-marketable Securities (primarily VC & LIHTC investments) Held-to-Maturity Securities Available-for- Sale Securities Cash and Cash Equivalents Net Loans 46.9 2017 43% CAGR 51.7 2018 * Based on cash, fixed income investment portfolio and Global Fund Banking and Private Bank loan classes of financing receivables as of December 31, 2021. 64.4 Noninterest-bearing deposits 65% of total liabilities 107.1 194.9 2019 2020 2021 Other Liabilities Borrowings Interest-bearing Deposits Noninterest- bearing Deposits Q4 2021 Financial Highlights 42#43Stable reserve coverage (ACL %) on improved loan mix and continued strong credit performance; loan growth drove increase in reserves (ACL $) ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND UNFUNDED CREDIT COMMITMENTS $ Millions Tech & LS / HC 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 PPP ACL for loans ACL for unfunded credit commitments ACL for loans and unfunded credit commitments svb > 12/31/21 56 90 40 76 67 33 14 36 10 422 171 593 ACL ($) 9/30/21 49 89 41 68 59 31 12 40 9 398 149 547 *Weighted average ACL ratio for loans outstanding and unfunded credit commitments. QoQ Change 7 1 (1) 8 8 2 2 (4) 1 - 24 22 46 12/31/21 3.51% 2.25% 2.22% 1.14% 0.18% 0.38% 1.11% 1.35% 0.77% 0.64% 0.39% 0.54* ACL (%) 9/30/21 3.15% 2.32% 2.15% 1.14% 0.17% 0.37% 1.05% 1.48% 0.73% 0.65% 0.37% 0.54%* QoQ Change 0.36% (0.07)% 0.07% 0.01% 0.01% 0.06% (0.13)% 0.04% (0.01)% 0.02% Q4 2021 Financial Highlights 43#44Improved 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 $ Billions Early Stage ID 2% of total loans 11% 5.2 2009 svb> 10% 6.3 2010 8% 7.8 2011 9% 9.8 2012 9% 11.9 2013. Early Stage Investor Dependent ("ID") loans, our highest risk loan class, now only 2% of total loans, down from 11% in 2009 and 30% in 2000 8% 15.4 2014 6% 17.9 2015 6% 21.2 2016 6% 24.2 2017 6% 29.5 2018 34.4 5% 2019 47.8 3% 2020 66.3 2% 2021 PPP CRE Other C&I Premium Wine and Other Private Bank Technology and Life Science/Healthcare Global Fund Banking Q4 2021 Financial Highlights 44#45Long history of strong, resilient credit We've successfully navigated economic cycles before and our risk profile has improved NON-PERFORMING LOANS & NET CHARGE-OFFS NPLs¹ NCOs² 3.32% 1.02% 1.07% 1.03% 0.97% Dotcom Bubble Crash IMPROVED LOAN MIX % of period- end total loans 0.62% svb > 0.25% 0.64% -0.08% 0.26% 0.10% 2.64% th 1.57% 1.15% 0.87% 0.71% 0.77% 0.31% 0.18% 0.14% 0.04% 0.35% 2000 30% Early Stage 5% GFB+ Private Bank 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Global Financial Crisis 0.52% 1. Non-performing loans as a percentage of periodend total loans. 2. Net loan charge-offs as a percentage of average total loans. 3. Pullback in VC investment. 0.47% 0.42% -0.02% 0.32% 0.31% 0.33% 0.27% 0.73% 2009 11% Early Stage 30% GFB + Private Bank 0.59% 0.51% 0.30% 10.46% 0.34% 0.32% 0.27% VC Recalibration³ 2015 2016 2017 2018 Less Q1'21 $80M GFB potential fraud incident 0.23% 0.22% 0.24% 0.20% 0.14% 2019 2020 2021 0.21% 2021 2% Early Stage 70% GFB + Private Bank COVID-19 Pandemic Q4 2021 Financial Highlights 0.06% 45#46Low 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 56% of total loans Strong sources of repayment % LIMITED PARTNER COMMITMENTS and robust secondary markets svb > (%) VALUE OF FUND INVESTMENTS with solid asset coverage Q1'21 potential fraud loss is an isolated event in our -30 years of capital call lending Global Fund Banking portfolio² BY INVESTMENT STYLE PE Funds BY INDUSTRY 1. Based on period end loans at December 31, 2021. Capital call lines represent 97% of GFB portfolio. 2. Based on total GFB loan commitments (funded + unfunded) as of December 31, 2021. VC funds Real Estate Debt Other 5% 9% 19% 13% Industrial Real Estate 7% Energy Other Infrastructure 2% Natural Resources 1% 3% 7% FinTech 4% Life Sciences 12% 5% 12% Fund of Funds 7% Consumer 22% Growth 20% Buyout 15% 37% Technology Debt Q4 2021 Financial Highlights 46#47High-quality and liquid investment portfolio U.S. Treasuries and agency-backed securities make up 94% of fixed income portfolio PERIOD-END AVAILABLE- FOR-SALE SECURITIES $ Billions 11.1 2017 7.8 svb > 2018 Managing for flexibility and positioning for higher rates (maintaining 2-2.5y hedge- adjusted AFS portfolio duration) 14.0 2019 30.9 2020 27.2 2021 U.S. Treasury securities U.S. agency debentures Agency-issued collateralized mortgage obligations - fixed rate Agency-issued collateralized mortgage obligations - variable rate Agency-issued residential mortgage-backed securities PERIOD-END HELD-TO- MATURITY SECURITIES $ Billions 12.7 2017 15.5 2018 Equity securities* Corporate bonds Opportunistically buying strong credit-quality munis and corporate bonds to support portfolio yields * Equity securities in public companies are reported in availablefor-sale securities in 2017. Upon the adoption of ASU 201601, Recognition and Measurement of Financial Assets and Financial Liabilities, on January 1, 2018, these equity securities are reported in non-marketable and other equity securities. 13.8 2019 16.6 2020 98.2 Municipal bonds and notes Agency-issued commercial mortgage-backed securities 2021 Q4 2021 Financial Highlights 47#48Supporting innovation around the world 2021 VC investment by market* SVB Financial Group's offices SVB Financial Group's international banking network Expanding our platform globally U.K. 2004 London Full-service branch (2012) svb> China 2005 Shanghai Hong Kong (2009) Beijing (2010) Business development * Source: PitchBook. Israel 2008 Tel Aviv Business development $364B $127B $178B AMERICAS EMEA APAC China Joint Venture 2012 SPD Silicon Valley Bank (JV) Shanghai Additional JV branches Beijing (2017) Shenzhen (2018) Europe 2016 Ireland (2016) Business development Germany (2018) Lending branch Denmark (2019) Business development Canada 2019 Toronto (2019) Lending branch Vancouver (2020) Business Development Montréal (2021) Business Development Q4 2021 Financial Highlights 48#49Industry-leading performance Strong return on equity Strong total shareholder return svb > RETURN ON EQUITY 12.4% 9.8% 2017 20.6% 12.8% 2018 TOTAL SHAREHOLDER RETURN² AS OF 12/31/21 20.0% 11.8% 2019 16.8% 8.3% 2020 1/1/16 7/1/16 1/1/17 7/1/17 1/1/18 7/1/18 1/1/19 7/1/19 1/1/20 7/1/20 1/1/21 1. Source: S&P Global Market Intelligence. "Peers" refers to peer group as reported in our Proxy Statement for each year and is suject to change annually. 2021 annualized average peer ROE includes 4 of 15 peers as of January 19, 2022. 2. Cumulative total return on $100 invested on 1/1/16 in stock or index. Includes reinvestment of dividends. 17.1% 13.2% 2021 SVB Peer Average¹ SVB 5.7x S&P 500 2.3x BKX 1.8x 7/1/21 12/31/21 Q4 2021 Financial Highlights 49#50Strong, seasoned management team svb > Diverse experience and skills to help direct our growth Dan Beck CHIEF FINANCIAL OFFICER 4 years at SVB Marc Cadieux CHIEF CREDIT OFFICER 29 years at SVB Anthony DeChellis CEO SVB PRIVATE BANK & WEALTH MANAGEMENT <1 year at SVB Chris Edmonds- Waters CHIEF HUMAN RESOURCES OFFICER 18 years at SVB John Peters CHIEF AUDITOR 15 years at SVB Greg Becker PRESIDENT AND CEO SVB FINANCIAL GROUP 28 years at SVB John China PRESIDENT OF SVB CAPITAL 25 years at SVB Mike Descheneaux PRESIDENT SILICON VALLEY BANK 16 years at SVB Laura Izurieta CHIEF RISK OFFICER 5 years at SVB Michael Zuckert GENERAL COUNSEL 7 years at SVB Yvette Butler PRESIDENT OF SVB PRIVATE BANK & WEALTH MANAGEMENT 3 years at SVB Phil Cox CHIEF OPERATIONS OFFICER 12 years at SVB Michelle Draper CHIEF MARKETING OFFICER 8 years at SVB Jeffrey Leerink CHIEF EXECUTIVE OFFICER SVB LEERINK 3 years at SVB 12 years average tenure at SVB Q4 2021 Financial Highlights 50#51Increasing diversity, equity and inclusion ("DEI") at SVB Embracing diverse perspectives and fostering a culture of belonging 1 Start with values and culture 3 Measure and communicate progress svb> We start with EMPATHY for others. We speak & act withINTEGRITY. We embrace DIVERSE perspectives. We take RESPONSIBILITY. We keep LEARNING & IMPROVING Diversity at SVB* Gender (global) Race & Ethnicity (u.s.) White Men 55% Total Workforce 52% O 1% 4% 4% 6% O Black/African American Women 45% Asian Hispanic/Latinx 8% 25% 2 Take a multipronged approach Men 63% 64% Two or more races Senior Leaders 1% O 2% 2% Chief Diversity Officer & executive-led DEI Steering Committee Employee awareness programs, regular training & education Full-time Diversity Recruiting Director Employee surveys and focus groups Transparent disclosure New workplace diversity goals coming soon Women 36% 5% 7% 20% Native Hawaiian/Other Pacific Islander Note: Refer to www.svb.com/living-our-values/inclusion-diversity for more information, including our DEI report, UK Gender Pay Report and EEO data. Website content/links are not a part of this presentation. * Workforce and senior leadership data is as of 6/30/2021. Board member data is as of 12/31/2021. Race & ethnicity figures present U.S. employees only, as regulatory requirements governing data collection and privacy preclude comprehensive data collection in our international offices. Senior leadership includes Executive Committee (includes our executive officers) and leaders from certain top levels of SVB's two highest bands of managment. American Indian/Alaska Native does not appear on the charts since they comprise less than 1%. Not disclosed represents individuals who did not choose to disclose gender, race & ethnicity data. Leadership development Employee Resource Groups Hiring outreach programs, university Men 62% Board Members Added 3 new directors in 2020-2021 O 92% Fair pay analysis scholarships & strategic partnerships 8% O American Indian/Alaska Native Q4 2021 Financial Highlights Women 38% Not disclosed 51#52Glossary 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 Q4 2021 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 Leerink Revenue - Core fee income, from above, plus investment banking revenue and commissions. SVB Leerink Revenue - SVB Leerink revenue defined as investment banking revenue and commissions and excludes other income earned by SVB Leerink. Tangible Common Equity ("TCE") - Stockholders' equity less preferred stock and intangible assets, plus net deferred taxes on intangible assets. Gains (losses) on Investment Securities, Net of Non-Controlling 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 equitywarrant 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. 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 Private Bank assets under management. Private Bank Assets Under Management ("AUM") - Consists of the Private Bank's client investment accounts balances. Total Client Position ("TCP") - Represents sum of Private Bank assets under management ("AUM"), and loans and deposits as reported in our segment reporting for SVB Private Bank. svb > Q4 2021 Financial Highlights 52#53Glossary (continued) Classes of Financing Receivables: These are the levels at which we monitor and assess credit risk in our loan portfolio. Global Fund Banking: Primarily capital call lines of credit to PE/VC funds. Repayment dependent on the payment of capital calls by the limited partner investors in the funds. Investor Dependent ("ID"): Loans primarily to technology and life science/healthcare companies. Repayment may be dependent upon borrower's ability to raise additional equity financing or exit. ● • Early Stage: Loans to pre-revenue, development-stage companies and companies with revenues of up to $5M. ● Cash Flow Dependent and Innovation Commercial and Industrial ("C&I"): Loans primarily to technology and life science/healthcare companies that are not Investor Dependent (repayment not dependent on borrower's ability to raise additional equity financing or exit). ● Growth Stage: Loans to mid-stage companies (with revenues between $5-$15M, or pre-revenue clinical-stage biotechnology companies) and later-stage companies (with revenues > $15M). Cash Flow Dependent - Sponsor-Led Buyout ("CFD - SLBO"): Loans to facilitate PE Sponsors' acquisition of businesses (typically established, later-stage businesses of scale). Repayment generally dependent upon cash flows of the combined company. Reasonable levels of leverage and meaningful financial covenants; sponsor's equity contribution is often 50+% of the acquisition price. ● • Innovation C&I: Other cash flow dependent loans (require borrowers to maintain cash flow from operations that is sufficient to service all debt) and balance sheet dependent loans (include asset-based loans and require constant current asset coverage exceeding the outstanding debt) to technology and life science/healthcare companies. Repayment dependent on financial condition and payment ability of third parties with whom our clients conduct business. ● Private Bank: Loans primarily to executive leaders and senior investment professionals in the innovation economy as well as high net worth individuals acquired from Boston Private. Primarily mortgages. CRE: Generally acquisition financing for commercial properties. Other C&I: Working capital, revolving lines of credit and term loans primarily to non-technology and life science/healthcare companies and commercial tax-exempt loans to not-for-profit organizations. Premium Wine and Other: Premium Wine: Loans primarily to wine producers, vineyards and wine industry or hospitality businesses across the Western United States; mostly secured by real estate. • Other: Consists of construction and land loans and CRA community development loans. PPP: Loans issued through the SBA Paycheck Protection Program ("PPP”) and are guaranteed by the U.S Small Business Administration. svb> Q4 2021 Financial Highlights 53#54Acronyms and abbreviations FHLB - Federal Home Loan Bank FRBFederal Reserve Board FTE - Full-time employee FX - Foreign exchange FY - Full year 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 LMI - Low- and moderate-income LOC - Letter of credit LP - Limited partner LS - Life science M&A - Merger & acquisition MBS - Mortgage-backed security Munis - Municipal bonds NCI - Non-controlling interests NCO Net charge-off NII - Net interest income ACL - Allowance for credit losses AFS Available-for-sale APAC - Asia-Pacific API - Application programming interface AUM - Assets under management BKX-KBW Nasdaq Bank Index BP Boston Private Bp - Basis point BD&T - Business development & travel C&I - Commercial and industrial CAGR - Compound annual growth rate CFD- Cash-flow dependent CMBS - Commercial mortgage-backed security CMO Collateralized mortgage obligation Corp Fin - Corporate Finance CRA - Community Reinvestment Act CRE-Commercial Real Estate DEI - Diversity, equity and inclusion Dep - Dependent EEO - Equal employment opportunity EMEA - Europe, the Middle East and Africa EOP- End of period Ex - Excluding EPS- Earnings per share ESG - Environmental, Social and Governance svb> NIM-Net interest margin NPL - Non-performing loan OBS-Off-balance sheet OCI - Other comprehensive income PBWM - Private bank wealth management PCD - Purchased credit deteriorated PE - Private equity QoQ- Quarter over quarter Repo - Repurchase agreement ROE - Return on equity SBA PPP - Small Business Administration Paycheck Protection Program SEC - Securities & Exchange Commission SLBO - Sponsor-led buyout SPAC-Special purpose acquisition company SPD - Shanghai Pudong Development Bank SVBFG - SVB Financial Group TCE Tangible common equity TCP - Total client position Tech-Technology UST - U.S. Treasury security VC-Venture capital WM&T - Wealth management and trust YoY-Year over year Q4 2021 Financial Highlights 54#55svb > Non-GAAP reconciliations Q4 2021 Financial Highlights 55#56Non-GAAP reconciliation Core Fee Income and Tangible Common Equity Non-GAAP core fee income (dollars in millions) GAAP noninterest income Less: gains on investment securities, net Less: net gains on equity warrant assets Less: other noninterest income Non-GAAP core fee income plus SVB Leerink revenue Investment banking revenue Commissions Less: total non-GAAP SVB Leerink revenue Non-GAAP core fee income Non-GAAP tangible common equity (dollars in millions) GAAP SVBFG stockholders' equity Less: Preferred Stock Less: intangible assets Plus: net deferred taxes on intangible assets Tangible common equity svb > 2017 2017 557 65 54 59 379 379 4,180 4,189 Year ended December 31, 2018 2019 745 88 89 52 516 516 Year ended December 31, 2018 2019 5,116 5,116 See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release for more information. 1,221 135 138 55 893 195 56 251 642 6,470 340 187 5,943 2020 2020 1,840 421 237 98 1,084 414 67 481 603 8,220 340 204 7,676 2021 2021 Q4 2021 Financial Highlights 2,738 761 560 128 1,289 459 79 538 751 16,236 3,646 535 26 12,081 56#57Important information regarding forward-looking statements and use of non-GAAP financial measures The Company's financial results for 2021 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 Securitiesitigation Reform Act of 1995. Forwardlooking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forwardlooking statements are statements that are not historical facts, such as forecasts of ur future financial results and condition, expectations for our operations and business, and our underlying assumptions of sh forecasts and expectations. In addition, forwardlooking statements generally can be identified by the use of such words as "beming," "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 makforward-looking statements discussing management's expectations for 2022 about, among other things, economic conditions; the continuing and potential effects of the COVIB19 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 growth, loan mix antban yields, deposit growth, and expense levels; our expected effective tax rate; the interest rate environment; accounting inputs and financial results (and the components of such results). Although we believe that the expectations reflected in our forwardooking 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 thatre difficult to predict and many of which are outside our control. Our actual results of operations and financial performance obd differ significantly from those expressed in or implied by our management's forwardooking statements. Important factors that could cause our actual results and financial condition to differ from the expectations stated in the forwartboking statements include, among others: market and economic conditions (including inflation trends, interest rate volatility, the general conition of the capital and equity markets, and IPO, secondary offering, SPAC fundraising, M&A and financing activity levels) anche associated impact on us (including effects on client demand for our commercial and investment banking and other financial seices, as well as on the valuations of our investments); the COVIE19 pandemic and its effects on the economic and business environments in which we operate, and its effects on our operations, including, as a result of, prolonged workom-home arrangements; the impact of changes from the BidenHarris 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 changes in personnel at the bà regulatory agencies; changes in the volume and credit quality of our loans as well as volatility of our levels of nonperformg assets and charge offs; the impact of changes in interest rates or market levels or factors affecting or affected by them, espeadly on our loan and investment portfolios; the adequacy of our allowance for credit losses and the need to make provisionfor credit losses for any period; the sufficiency of our capital and liquidity positions; changes in the levels of our loans, depits and client investment fund balances; changes in the performance or equity valuations of funds or companies in which we hav invested or hold derivative instruments or equity warrant assets; variations from our expectations as to factors impacting oucost structure; changes in our assessment of the creditworthiness or liquidity of our clients or unanticipated effects of cred concentration risks which create or exacerbate deterioration of such creditworthiness or liquidity; variations from our explations 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 securityrelated 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 theripact 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 Boston Private and expansion of our private banking business and the growth and expansion of SVB Leerink, including entry into the technology investment banking sector; greater than expected costs or other difficulties related to the continuing integtion 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 exting 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 ipacting our estimate of our fullyear effective tax rate; changes in applicable accounting standards and tax laws; and regulatory to legal changes and their impact on us. The operating and economic environment during the fourth quarter continued to be impacted the COVHD9 pandemic, including the emergence of the Omicron variant. Statements about the effects of the COVHD9 pandemic on our business, operations, financial performance and prospects may constitute forwardlooking statements and are subject to the risk that the actual impacts may differ, possibly materially, from what is reflected in those forwałdoking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control, including the scope and duration of the palemic, potential variations of the virus, vaccination rates, the need for vaccine booster shots, actions taken by governmenta authorities in response to the pandemic, and the direct and indirect impact of the pandemic on our customers, third partiesna us. We refer you to the documents the Company files from time to time with the Securities and Exchange Commission, including (our latest Annual Report on Form 10K, (ii) our most recent Quarterly Report on Form 10Q, and (iii) our most recent earnings release filed on Form &K. These documents contain and identify important risk factors that could cause the Company's actual reats to differ materially from those contained in our projections or other forwartboking 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 hintend to revise or update any forwardlooking 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 no AAP measures of financial performance (including, but not limited to, noRGAAP core fee income, nonGAAP SVB Leerink revenue, non-GAAP core fee income plus non-GAAP SVB Leerink revenue, non-GAAP net gains on investment securities, nonGAAP non-marketable and other equity 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. No6AAP financial measures are not in accordance with, or an alternative for, GAAP. Generally, a norGAAP 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 HGAAP 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 appliable), provide meaningful supplemental information regarding our performance by: (i) excluding amounts attributable to non-controlling interests for which we effectively do not receive the economic benefit or cost of, where indicated, or (ii) priding 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 norGAAP financial measures in assessing our operaing results and when planning, forecasting and analyzing future periods. These norGAAP financial measures also facilitate a comparison of our performance to prior periods. We believe these measures are frequently used by securities analysts, invests and other interested parties in the evaluation of companies in our industry. However, these no AAP financial measures should be considered in addition to, not as a substitute for or superior to, net income or other financial measures prepared in accbance with GAAP. Under the "Use of NonGAAP Financial Measures" section in our latest earnings release filed as an exhibit to our Form 8-K on January 20, 2022, we have provided reconciliations of, where applicable, the most comparable GAAP financial measures the non-GAAP financial measures used in this presentation, or a reconciliation of the no GAAP calculation of the financial measure. Please refer to that section of the earnings release for more information. svb> Q4 2021 Financial Highlights 57#58svb > → Desyjn Brodate S Financial Group Prosucing Jen Clothing 0 مارد 2 Key Target market 7 Corponite Lis الحسامنا سنا About SVB Financial Group For nearly 40 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at www.svb.com. SVB Financial Group 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 LEERINK, MAKE NEXT HAPPEN NOW 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. Q4 2021 Financial Highlights 58#59svb> Financial Group Investor Relations 3005 Tasman Drive Santa Clara, CA 95054 T 408 654 7400 [email protected] Find SVB on LinkedIn, Facebook and Twitter www.svb.com @SVB_Financial in Silicon Valley Bank f@SVBFinancial Group Q4 2021 Financial Highlights 59