Silicon Valley Bank Results Presentation Deck
Q1'21 Highlights
Exceptional growth and profitability - best quarter on record
1.
2.
Robust, highly liquid innovation markets and strong execution driving
extraordinary growth
Period-end assets reached $142B (+90% YoY) and total client funds
reached $288B (+71% YoY) as strong fundraising and exits continued to
fuel client liquidity
3. Exceptional balance sheet growth drove better-than-forecast NII, despite
low rate environment
4. Substantial 11% QoQ average loan growth buoyed by sustained high
levels of PE investment and strong borrowing by technology and life
science/healthcare clients
5.
Stable credit metrics (excluding loss related to potential fraud) and
improving model economic scenarios drove reserve release
6.
Record warrant and investment gains of $364M¹ from realized and
pending exits as client IPO and SPAC activity accelerated
7.
Improved core fees as record FX and higher card and deposit fees offset
the impact of low rates on client investment fees
8. Record SVB Leerink quarterly revenues of $167M, capitalizing on strong
life science and healthcare public markets activity
9.
Expenses above Q1'21 guidance due to higher incentive compensation
from outstanding performance and SVB Leerink expansion
10. $2.4B of debt and equity raised YTD² to support our increased growth
momentum and accelerated investment in our business
11. Improved 2021 outlook due to steepening growth trajectory
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1. Net of NCI.
2. Year to date through April 22, 2021,
Q1 2021 Financial Highlights
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