Silicon Valley Bank Results Presentation Deck
Q4'21 Highlights
Continued strong earnings and exceptional growth
1. Robust private markets and strong execution continued to drive strong earnings
and exceptional growth
2. Average client funds surged (+$36B) as VC investment activity fueled client liquidity,
driving exceptional balance sheet growth and strong NII
3. Robust loan growth (+6% QoQ) supported by strong PE investment activity
4. Excellent credit performance with minimal NCOs and declining NPLs; higher
provision on strong loan growth
5. Moderating market-related gains, with ~60% of the quarter's $155M warrant and
investment gains net of NCI* driven by an unrealized valuation increase of a
single strategic investment and sales of AFS securities
6. Record FX and card fees drove strong core fees* growth of +6% QOQ
7. Robust SVB Leerink revenue* of $145M on increased deal activity; acquired
MoffettNathanson LLC to expand equity research coverage to include companies
in the technology industry
8. Opportunistic investments in SVB Leerink and talent, and higher incentive
compensation from strong business performance drove Q4 expenses higher than
guidance
9. Issued $2.25B preferred equity and senior debt to support our growth momentum
and investments in our business
10. Improved 2022 outlook and potential upside from rising rates may open additional
opportunities to invest in our longterm growth strategy, talent attraction and retention
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* Non-GAAP financial measure. See "Use of non-GAAP Financial Measures" in our Q4 2021 Earnings Release and our
non-GAAP reconciliations at the end of this presentation.
Q4 2021 Financial Highlights
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