Silicon Valley Bank Results Presentation Deck
Improved 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
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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
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