Silicon Valley Bank Results Presentation Deck
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Improved 2021 outlook
Outlook considerations
Increasing 2021 growth outlook as strong
tailwinds continue to support the
innovation economy:
Acceleration of digital adoption and
activity in healthcare
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Ample PE & VC dry powder for future
investment and new liquidity sources
Historically low rates and compelling
growth opportunity will continue to
drive demand for alternative assets
Net charge-offs guidance unchanged
despite Q1'21 isolated potential fraud as
economic environment improves -
continue to monitor COVID-19
developments
• Increasing investment in 2021 to extend
our competitive advantage and support
our accelerated growth
Outlook excludes impact of changes in
interest rates, material deterioration in
the overall economy, the completion of
the pending Boston Private acquisition¹
and potential corporate tax rate or other
changes under the new U.S. government
administration
svb >
Business driver
Average loans
Average deposits
Net interest income²
Net interest margin
Net loan charge-offs
Core fee income 3,4
SVB Leerink revenue³, 5
Noninterest expense³, 6
Effective tax rate
FY'20 results
$37.3B
4. Excludes SVB Leerink.
5. Represents investment banking revenue and commissions.
6. Excludes expenses related to NCI. Includes SVB Leerink expenses.
$75.0B
$2,156M
2.67%
0.20%
$603M
$481M
$2,035M
27.0%
Note: Actual results may differ. For additional information about our financial outlook, please refer to our Q1 2021 Earning Ⓡelease
and Q1 2021 CEO Letter.
1. Expected to close mid-2021, subject to regulatory approvals and customary closing conditions.
2. Excludes fully taxable equivalent adjustments.
3. Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q1 2021 Earnings Release and our nonGAAP
reconciliations at the end of this presentation.
FY'21 outlook vs. FY'20
Mid 30s % growth
High 60s % growth
Mid 30s % growth
2.10%-2.20%
0.20%-0.40%
Mid single digit % growth
$420M-$450M
High teens % growth
26%-28%
Q1 2021 Financial Highlights
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