Recap: SVB Finl Gr Q1 Earnings

Shares of SVB Finl Gr SIVB were flat in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 293.33% over the past year to $10.03, which beat the estimate of $6.47.

Revenue of $1,404,000,000 rose by 69.96% year over year, which beat the estimate of $1,190,000,000.

Outlook

SVB Finl Gr hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Apr 22, 2021

Time: 06:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.svb.com%2F&eventid=3081465&sessionid=1&key=5D22B176093320344E8D81F10FF72655&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $577.06

Company's 52-week low was at $152.76

Price action over last quarter: Up 8.09%

Company Description

SVB Financial Group provides loans and ancillary financial services to startups, private equity, and venture capital firms. The bank has four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. In addition to providing loans to venture-capital-backed startups, the company invests in private equity and venture capital funds of funds. The bank operates throughout the United States and maintains offices in the United Kingdom, Israel, China, and India.