Silicon Valley Bank Results Presentation Deck
Outstanding total client funds growth on strong fundraising and exit activity
Expect FY'21 average deposit % growth in the mid 40s
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• Average client funds surged $24.3B (periodend +$31.5B) with growth
across all portfolios
• GFB average deposits +$4.2B (period-end +$2.1B) as funds prepared
for seasonal distributions
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Q4'20 activity
Strong technology and life science public and private fundraising and
exit activity left clients awash with liquidity
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Average cost of deposits held steady at 4 bps and share of noninterest
bearing deposits increased slightly to 66.7%
FY'21 outlook key drivers
Strong average client funds growth, both on and offbalance sheet
Deposit growth may be impacted by:
+
Strong PE/VC investment
Increases technology and life science/healthcare clients' liquidity
New client growth
Continued strong client acquisition
Potential slowdown in public markets activity
Normalizing activity in 2021 as deals were possibly pulled
forward in 2H'20
PE/VC distributions
Expected in 1H'21
Normalizing client spending
As business activity recovers
Total cost of deposits and share of interestbearing deposits expected to
remain steady
svb >
AVERAGE CLIENT FUNDS
$ Billions
+44% yoy
156.8
20.5
65.9%
165.4
20.5
0.31%
41.3
Q4'19
177.2
21.8
46.1
0.24%
39.6
96.6
103.6 109.3
Q4'19 Q1'20 Q2'20 Q3'20 Q4'20
66.9% 67.9%
201.2
26.1
0.03%
51.5
AVERAGE DEPOSIT MIX AND PRICING
123.6
225.5
30.8 Deposits
61.6 Deposits
133.1
Q1'20 Q2'20 Q3'20
66.4% 66.7%
0.04% 0.04%
Interest-Bearing
Q4'20
Noninterest-Bearing
Off-Balance Sheet
Client Funds
Percent of
Noninterest-Bearing
Deposits
Total Cost of
Deposits
Q4 2020 Financial Highlights
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