Silicon Valley Bank Results Presentation Deck
Q1'22 highlights
Strong execution and higher rates drove robust NII and core fee income* growth
2. Public market volatility impacted later-stage investment and exits; early-stage investment and client acquisition
remained strong
1.
3. Healthy deposit growth driven by continued strong early-stage trends and flexible liquidity solutions; slight
increase in average total client funds QoQ as liquidity environment moderated
4. Robust loan growth driven by continued PE investment activity and increased Technology and Life
Science/Healthcare borrowing
5. Higher rates improved fixed-income portfolio yield as slower estimated prepayment speeds reduced
premium amortization expense, but had minimal impact to TBV* due to past actions to mitigate AOCI risk
6. Repositioned $5B securities to take advantage of higher rates, monetizing $204M swap gains and selling the
hedged securities, resulting in a net gain of $49M; reinvested sale proceeds into higher yielding, more liquid
securities to increase future NII
7.
Higher client investment fee margin from March rate hike drove robust core fee income growth
8. Lower SVB Securities revenue* and market-related gains as public market volatility delayed equity
capital markets transactions, reduced valuations of public equity positions and slowed later-stage VC investment
and exits
9.
Excellent credit performance with low NCOs and declining NPLs
10. Raised 2022 revenue outlook to reflect improved rate environment since 1/20/22 (future rate increases not
included in outlook); reinvesting part of the increase in our strategic priorities to drive and support long-term
scalable growth
svb>
* Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q1 2022 Earnings
Release and our non-GAAP reconciliations at the end of this presentation.
Q1 2022 FINANCIAL HIGHLIGHTS 5View entire presentation