Silicon Valley Bank Results Presentation Deck
Stable credit
Only 1.8% of loans
remain on deferral
Vast majority of clients
resume payments
Remaining Venture Debt deferrals were not
driven by additional extensions (at time of
deferral, loans had remaining interest-only
periods which were extended via the program;
principal payments commencing in 2021)
Cautiously
optimistic
Economic recovery
remains uncertain
Figures as of 12/31/20
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DEFERRAL PROGRAM PARTICIPATION¹
4%
of total assets
Private Bank
Wine
Venture Debt
Total (as % of period-end loans)
22% Global Fund Banking²
of total assets
• Largest driver of loan growth
for the past 7 years
EXPECT CONTINUED STRONG
CREDIT PERFORMANCE
• ZERO capital call net losses
since inception (1990s)
Private Bank
• Primarily mortgages located in
CA (64%) with 65% median LTV
6/30/2020
$204M
$595M
$2.1B
7.9%
$2.9B
• Only $19M of net losses since
inception (1990s)
• Contributed to Q4'20 reserve release
$2.0B
1%
of total assets
9/30/2020
$14M
$73M
$1.9B
5.3%
$0.8B
12/31/2020
$13M
$2M
$769M
1.8%
STABLE PERFORMANCE TO DATE
000
10% Technology and Life Science/Healthcare
Credit focus: Investor Dependent (primarily Early-Stage),
of total assets Cash Flow Dependent and other COVID-19-impacted clients
1. Represents outstanding deferred loans including repayments received as of each date. Offered programmatic deferrals (3 to 6 amths of
payment relief) for Venture backed, Private Bank and Wine portfolios earlier in 2020. 3month Private Bank and Wine deferral programs
ended in Q3'20 and 6-month Wine and vast majority of 6month Venture Debt deferral programs ended in Q4'20.
2. Global Fund Banking ("GFB") portfolio primarily consists of PE/VC capital call lines of credit.
Positive considerations: Record VC investment and
fundraising in 2020 bode well for continued investor support;
SBA PPP 2.0 and additional fiscal stimulus may help
extend runway
Wine
Credit focus: Near-term reduced direct to consumer and
restaurant sales; medium-term potential smoke taint
Positive considerations: 76% of portfolio secured by high
quality real estate with median LTV of 49%; limited
physical damage from recent California wildfires
Q4 2020 Financial Highlights
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