SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit solutions comprising term loans, equipment and asset-based loans, revolving lines of credit, and credit card programs, as well as mezzanine lending, acquisition finance, and corporate working capital facilities; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services. This segment also provides foreign exchange services; export, import, and standby letter of credit; investment services and solutions; investment advisory services; vineyard development loans; and debt fund investment services. The SVB Private Bank segment offers private banking services, such as mortgages, home equity and capital call lines of credit, restricted stock purchase loans, and other secured and unsecured lending products, as well as cash and wealth management services. The SVB Capital segment provides venture capital investment services that manage funds on behalf of third party limited partner investors. The SVB Leerink segment engages in equity and convertible capital markets, mergers and acquisitions, equity research and sales, trading, and investment banking services. It operates through 30 offices in the United States; and offices in Canada, the United Kingdom, Israel, Germany, Denmark, India, Hong Kong, and China. SVB Financial Group was founded in 1983 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: svb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/10/2023 | Outperform → Mkt Perform | Raymond James | |
| 3/10/2023 | $174.00 → $100.00 | Buy → Hold | Truist |
| 3/10/2023 | Outperform → Peer Perform | Wolfe Research | |
| 12/5/2022 | $253.00 → $186.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/21/2022 | $400.00 → $265.00 | Overweight → Neutral | Piper Sandler |
| 10/21/2022 | Buy → Neutral | Janney | |
| 10/5/2022 | $493.00 → $351.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/12/2022 | Outperform → Perform | Oppenheimer | |
| 7/25/2022 | $430.00 | In-line → Outperform | Evercore ISI |
| 7/22/2022 | $600.00 → $450.00 | Outperform → Mkt Perform | Keefe Bruyette |
Ashraf Hebela to lead Technology & Healthcare Banking; Lewis Hower to lead Startup Banking SANTA CLARA, Calif., Feb. 8, 2023 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and investors, today announced that Ashraf Hebela has been named the new Head of Technology & Healthcare Banking for North America. He succeeds Dave Sabow who SVB recently named as CEO of Silicon Valley Bank UK and Head of EMEA, pending regulatory approval. The company also announced that Lewis Hower will step up to lead Startup Banking. "As we continue to support com
SANTA CLARA, Calif., Jan. 4, 2023 /PRNewswire/ -- SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced the appointment of Kim Olson as Chief Risk Officer (CRO). In this role, Olson will lead the Risk function and team, developing and maintaining SVB's risk management framework and a culture of risk management across the company. "Kim's deep and multi-faceted financial services experience as a senior risk leader and former regulator and bank supervisor positions her perfectly to actively manage SVB's financial and non-financial
SANTA CLARA, Calif., Dec. 5, 2022 /PRNewswire/ -- SVB Financial Group (SVB) today announced that Erin Platts has been appointed President of SVB Private and David Sabow has been named CEO of Silicon Valley Bank UK and Head of EMEA, pending UK regulatory approval. Both long-term SVB employees, Platts and Sabow will bring their SVB and innovation economy leadership experience to key growth areas for the company. Upon the transition to their new roles expected in Q2 2023, Platts will also join SVB's executive committee. SVB is the financial partner of the global innovation econom
SANTA CLARA, Calif., Oct. 17, 2022 /PRNewswire/ -- SVB Financial Group (SVB), the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced the appointment of Laura Cushing as Chief Human Resources Officer (CHRO). In this role, Cushing will lead the Human Resources function, enabling a diverse and global workforce to serve the financial needs of the innovation economy. Cushing succeeds Chris Edmonds-Waters who held the CHRO position since 2007 and is transitioning into an executive coaching role for the company. "Laura has experience leadin
Company Names Erin Platts CEO of Silicon Valley Bank UK and Appoints New Board of Directors LONDON, Sept. 21, 2022 /PRNewswire/ -- SVB Financial Group (SVB) (NASDAQ:SIVB), the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced that its UK branch has become a wholly owned subsidiary of Silicon Valley Bank, due to significant growth of the business. Silicon Valley Bank UK Limited is led by CEO Erin Platts, formerly SVB's Head of EMEA and President of the UK Branch. As a full subsidiary, Silicon Valley Bank UK has appointed a UK Board of Directors to provide oversight for the business.
SANTA CLARA, Calif., Sept. 14, 2022 /PRNewswire/ -- SVB Financial Group (SVB), the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced the appointment of Thomas King, former Chief Executive Officer of Investment Banking at Barclays, to its board of directors, effective September 13, 2022. King will also serve on the board's Compensation and Human Capital Committee. "Tom's proven leadership within complex global financial services firms makes him well suited to join SVB's board as the company continues to grow," said Kay Matthews, Chai
SANTA CLARA, Calif., Aug. 10, 2022 /PRNewswire/ -- SVB Private, a leading provider of private banking, wealth planning and trust services for the innovation economy, today announced that Tom Fickinger has joined as Head of Wealth Advisory West. In his role, Fickinger will grow and manage private wealth advisor teams on the West Coast as they holistically serve the needs of clients leveraging planning, lending, investing, and banking services. He is one of three regional heads leading the Wealth Advisory business alongside Rich Jaffe, Head of Wealth Advisory Northeast, and Ro M
SANTA CLARA, Calif., May 17, 2022 /PRNewswire/ -- SVB Private, a leading provider of private banking, wealth planning and trust services for the innovation economy, today announced that Jon Kropf has joined as Head of Advisor Business Development. In the newly created role, Kropf is responsible for directing SVB Private's national advisor recruiting strategy and execution. He joins SVB Private during a pivotal period of growth for the firm as it continues to attract advisor talent and expand its footprint in key regional markets where innovation economy clients are located. "P
SANTA CLARA, Calif., Nov. 30, 2021 /PRNewswire/ -- SVB Private Bank, a leading provider of private banking, wealth management and trust services, today announced the appointment of Rohit Mehrotra as head of relationship management. SVB Private Bank is one of SVB Financial Group's four core businesses, along with Silicon Valley Bank, SVB Leerink and SVB Capital, and provides a full spectrum of wealth, trust and private banking services dedicated to helping clients simplify and strengthen their financial positions. As head of relationship management, Mehrotra will lead a team of
SANTA CLARA, Calif., Nov. 9, 2021 /PRNewswire/ -- SVB Financial Group (SVB) today announced the appointment of Elizabeth "Busy" Burr, former President and Chief Commercial Officer of Carrot, Inc., who has also led innovation efforts at Citigroup and Humana, to its board of directors, effective November 8, 2021. SVB Financial Group is the parent company of Silicon Valley Bank, the bank of the world's most innovative companies and their investors. Burr will also serve on the board of directors of Silicon Valley Bank. "Busy has critical experience working with some of the largest
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Raymond James downgraded SVB Financial Group from Outperform to Mkt Perform
Truist downgraded SVB Financial Group from Buy to Hold and set a new price target of $100.00 from $174.00 previously
Wolfe Research downgraded SVB Financial Group from Outperform to Peer Perform
Morgan Stanley downgraded SVB Financial Group from Equal-Weight to Underweight and set a new price target of $186.00 from $253.00 previously
Piper Sandler downgraded SVB Financial Group from Overweight to Neutral and set a new price target of $265.00 from $400.00 previously
Janney downgraded SVB Financial Group from Buy to Neutral
Morgan Stanley downgraded SVB Financial Group from Overweight to Equal-Weight and set a new price target of $351.00 from $493.00 previously
Oppenheimer downgraded SVB Financial Group from Outperform to Perform
Evercore ISI upgraded SVB Financial Group from In-line to Outperform and set a new price target of $430.00
Keefe Bruyette downgraded SVB Financial Group from Outperform to Mkt Perform and set a new price target of $450.00 from $600.00 previously
-Reuters
-Reuters, citing sources
-Reuters, citing sources
Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, said that she does not believe the digital assets sector should be blamed for the recent collapses of SVB Financial Group's (NASDAQ:SIVB) Silicon Valley Bank and Signature Bank (OTC:SBNY). Long made this statement during a House Financial Services Committee hearing. When asked if digital assets were an indirect factor, she noted that Signature Bank was particularly active in the sector. Also Read: Sam Bankman-Fried Pleads Not Guilty to Bribery And Fraud Charges Earlier, Federal Deposit Insurance Corp. Chairman Martin Gruenberg told lawmakers about 20% of Signature's deposit base was tied to crypto customer
https://www.wsj.com/articles/white-house-calls-for-tougher-midsize-bank-rules-ca33211f The White House on Thursday called for tougher rules for midsize banks after the collapse of two lenders earlier this month sent tremors through the banking system. The recommendations call for new rules from the Federal Reserve and other banking regulators that would apply to banks with $100 billion to $250 billion in assets. There were approximately 20 firms in that asset range as of the end of 2022, according to the Federal Financial Institutions Examination Council. The Fed is already rethinking a number of its rules related to those banks after Silicon Valley Bank and Signature Bank failed. Change
President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 financial crisis. What To Know: According to a Washington Post report citing two people familiar with internal discussions, the Biden administration is gearing up to slap new rules on banks following the collapse of SVB Financial Group (NASDAQ:SIVB) and Signature Bank (NASDAQ:SBNY). Although the banks were not bailed out, depositors were backstopped by the government in an effort to strengthen public confidence in the financial system. Now the White House wants to put tougher rules in place to prevent a similar occurrence altogether, the report said. The new banking ru
- Reuters
https://www.wsj.com/articles/white-house-to-call-for-new-midsize-bank-rules-after-svb-signature-failures-27148e45 The White House is planning as soon as this week to recommend tougher rules for midsize banks, according to people familiar with the matter, after the collapse of two lenders earlier this month sent tremors through the banking system. The recommendations are expected to call for new rules from the Federal Reserve and other agencies, including for banks with between $100 billion to $250 billion in assets. The Fed is already rethinking a number of its rules related to those banks after Silicon Valley Bank and Signature Bank failed. Options include tougher capital and liquidity
Over the past three weeks, I’ve explained why a recession is inevitable… and how to invest during the downturn. To make matters worse, a full-blown banking crisis has gripped the nation following the collapse of Silicon Valley Bank (NASDAQ:SIVB) on March 10. The Fed is now stuck between two awful choices: Either keep hiking interest rates, which could cause the crisis to spiral even further… or end its rate hikes, which would give inflation free rein. Surprisingly, with the exception of the banking indices, the market has been relatively resilient since Silicon Valley Bank was seized by regulators: Over the past three weeks, the S&P 500 fell just 2%… while the tech-heavy Nasdaq rallied
- Reuters
HOUSTON, Feb. 21, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (NASDAQ:DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), is pleased to announce its entry into the $5 million revolving credit facility with Silicon Valley Bank, as filed with the SEC on a Form 8-K on January 11, 2023. In addition to the principal amount of $5 million, Direct Digital Holdings has access to an additional $2.5 million incremental revolving facility, subject to the lender's consent, which may increase the aggreg
SANTA CLARA, Calif., Jan. 5, 2023 /PRNewswire/ -- SVB (NASDAQ:SIVB), the financial partner for the innovation economy, will report its financial results for the quarter ended December 31, 2022, on Thursday, January 19, 2023, after the close of the stock market. The Company will file its quarterly financial results with the SEC via form 8-K and issue an advisory release via newswire containing a link to its full financial results, which will be also posted on the Investor Relations section of its website at https://ir.svb.com Conference call: Thursday, January 19, 2023, at 3:00 p.m. Pacific Time Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Live audio webcas
SANTA CLARA, Calif., Oct. 20, 2022 /PRNewswire/ -- SVB (NASDAQ:SIVB), the financial partner for the innovation economy, released its financial results for the quarter ended September 30, 2022. Please visit SVB's Investor Relations website at https://ir.svb.com to view the earnings release, presentation, and CEO letter. Conference call: The Company will host a webcast and conference call at 3:00 p.m. Pacific Time today to discuss the results. Audio webcast: The audio webcast can be accessed via SVB's investor relations website at https://ir.svb.com. Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Replay: A replay of the call/webcast will be available at htt
SANTA CLARA, Calif., Oct. 6, 2022 /PRNewswire/ -- SVB (NASDAQ:SIVB), the financial partner for the innovation economy, will report its financial results for the quarter ended September 30, 2022, on Thursday, October 20, 2022, after the close of the stock market. The Company will file its quarterly financial results with the SEC via form 8-K and issue an advisory release via newswire containing a link to its full financial results, which will be also posted on the Investor Relations section of its website at https://ir.svb.com Conference call: Thursday, October 20, 2022, at 3:0
SANTA CLARA, Calif., July 21, 2022 /PRNewswire/ -- SVB (NASDAQ:SIVB), the financial partner for the innovation economy, released its financial results for the quarter ended June 30, 2022. Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, presentation, and CEO letter. Conference call: The Company will host a conference call at 3:00 p.m. Pacific Time today to discuss the results. Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Audio webcast: A live audio webcast of the call can be accessed via SVB's investor relations website at http://ir.svb.com. Replay: An audio replay of the call will be available at http://
SANTA CLARA, Calif., July 7, 2022 /PRNewswire/ -- SVB (NASDAQ:SIVB), the financial partner for the innovation economy, will report its financial results for the quarter ended June 30, 2022, on Thursday, July 21, 2022, after the close of the stock market. The Company will file its quarterly financial results with the SEC via form 8-K and issue an advisory release via newswire containing a link to its full financial results, which will be also posted on the Investor Relations section of its website at svb.com. Conference call: Thursday, July 21, 2022, at 3:00 p.m. Pacific Time Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Live audio webcast: A live audio webca
SANTA CLARA, Calif., April 21, 2022 /PRNewswire/ -- SVB (NASDAQ:SIVB), the financial partner for the innovation economy, released its financial results for the quarter ended March 31, 2022. Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, presentation, and CEO letter. Conference call: The Company will host a conference call at 3:00 p.m. Pacific Time today to discuss the results. Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Audio webcast: A live audio webcast of the call can be accessed via SVB's investor relations website at http://ir.svb.com. Replay: An audio replay of the call will be available at http:/
SANTA CLARA, Calif., April 6, 2022 /PRNewswire/ -- SVB Financial Group (NASDAQ:SIVB) will report its financial results for the quarter ended March 31, 2022, on Thursday, April 21, 2022 after the close of the stock market. The Company will file its quarterly financial results with the SEC via form 8-K and issue an advisory release via newswire containing a link to its full financial results, which will be also posted on the Investor Relations section of its website at svb.com. Conference call: Thursday, April 21, 2022 at 3:00 p.m. Pacific Time Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Live audio webcast: A live audio webcast of the call can be accessed
SANTA CLARA, Calif, Jan. 20, 2022 /PRNewswire/ -- SVB Financial Group (NASDAQ:SIVB) has released its financial results for the quarter ended December 31, 2021. Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, presentation, and CEO letter. Conference call: The Company will host a conference call at 3:00 p.m. Pacific Time today to discuss the results. Audio webcast: A live audio webcast of the call can be accessed via SVB's investor relations website at http://ir.svb.com Dial-in information: (888) 330-3016 or (646) 960-0828, Confirmation 5682116 Replay: An audio replay of the call will be available at http://ir.svb.com for 12 months beginnin
SANTA CLARA, Calif., Jan. 6, 2022 /PRNewswire/ -- SVB Financial Group (NASDAQ:SIVB) will report its financial results for the quarter ended December 31, 2021, on Thursday, January 20, 2022 after the close of the stock market. The Company will file its quarterly financial results with the SEC via form 8-K and issue an advisory release via newswire containing a link to its full financial results, which will be also posted on the Investor Relations section of its website at www.svb.com. Conference call: Thursday, January 20, 2022 at 3:00 p.m. Pacific Time Dial-in information: 1 (888) 330-3016 or 1 (646) 960-0828, Confirmation 5682116 Live audio webcast: A live audio webcast of the call can be
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SANTA CLARA, Calif., March 20, 2023 /PRNewswire/ -- SVB Financial Group ("the Company") (NASDAQ:SIVB) today announced that it has filed a number of "First Day Motions" seeking authorization from the United States Bankruptcy Court for the Southern District of New York to support the continued operations of the Company's SVB Capital and SVB Securities businesses and preserve value for the benefit of stakeholders. These motions seek court authorization, among other things, to provide for the continued separation of these business operations from Silicon Valley Bridge Bank, N.A., ensure access to cash, enable cash management systems, and protect valuable tax attributes.
SVB Securities and SVB Capital's Funds and General Partner Entities NOT Included in Chapter 11 Filing Strategic Alternatives Process for SVB Capital and SVB Securities Operations Underway with Significant Interest SANTA CLARA, Calif., March 17, 2023 /PRNewswire/ -- SVB Financial Group ("the Company") (NASDAQ:SIVB) today announced that it has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value. SVB Securities and SVB Capital's funds and general partner ent
Operations Continuing at SVB Capital and SVB Securities SANTA CLARA, Calif., March 13, 2023 /PRNewswire/ -- SVB Financial Group ("SVBFG") (NASDAQ: SIVB) announced today that its Board of Directors has appointed a restructuring committee consisting of five independent directors to explore strategic alternatives for the holding company and its SVB Capital and SVB Securities businesses, as well as its other assets and investments. Both of these businesses are separate divisions of SVBFG and not part of Silicon Valley Bank, which is undergoing resolution under the jurisdiction of the Federal Deposit Insurance Corporation ("FDIC") and Federal Reserve.
NEW YORK, March 10, 2023 /PRNewswire/ -- Insulet Corp. (NASD:PODD) will replace SVB Financial Group (NASD:SIVB) in the S&P 500 effective prior to the opening of trading on Wednesday, March 15. The Federal Deposit Insurance Corporation (FDIC) announced that it has taken SVB Financial Group into FDIC Receivership and therefore SVB Financial Group is no longer eligible for inclusion. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 15, 2023 S&P 500 Addition Insulet PODD Health Care S&P 500 Deletion SVB Financial Group SIVB Financials For more informatio
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading was halted on March 10, 2023 in SVB Financial Group (NASDAQ:SIVB) at 08:35:18 Eastern Time for "news dissemination" from the company at a last sale price of $106.04 (NASDAQ:SIVB), and $15.23 (NASDAQ:SIVBP). Trading will remain halted until SVB Financial Group has fully satisfied Nasdaq's request for additional information. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes℠ on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.n
SANTA CLARA, Calif., March 8, 2023 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ:SIVB), announced today that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares, consisting of 10 million depositary shares each representing a 1/20th interest in a share of its Series F Mandatory Convertible Preferred Stock ("Preferred Stock"), liquidation preference $1,000 per share (equivalent to a liquidation preference of $50 per depositary share), in separate underwritten registered public offerings. In addition, prior to commencing the offerings, SVB entered into a subscription agreement with General Atlantic, a leading global growth equity investor, to purcha
Modern Treasury and Silicon Valley Bank together are offering joint customers a less expensive, more efficient alternative to cross-border wire payments Modern Treasury, the operating system for the new era of payments, and Silicon Valley Bank, today announced the availability of a new global payment solution, which will allow mutual clients to send cross-border payments more efficiently, predictably, and at a lower cost by leveraging local payment rails. Global ACH will provide mutual customers with more choices for cross-border payments beyond the SWIFT network. With Global ACH, customers can automate international payments using the ACH- and RTP-equivalent payment rails in other countr
The firm has grown its team to over 70 Technology Investment Banking professionals in the last 18 months. Silverglate marks the franchise's 16th Senior Managing Director hire. BOSTON, Feb. 28, 2023 /PRNewswire/ -- SVB Securities, a leading investment bank serving the innovation economy, announced today the addition of Scott Silverglate as Senior Managing Director of the firm's Technology Investment Banking team. Silverglate brings decades of experience advising clients across the technology sector, with a consistent focus on software. "We are excited to add Scott to our powerhouse team of technology investment bankers who are leaders in the software, internet, fintech and IT services industr
SOMERSET, N.J., Feb. 21, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDP, CCLDO))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that Silicon Valley Bank (NASDAQ:SIVB), the bank of the world's most innovative companies and their investors, has increased its secured line of credit to $25 million to support future growth. The term of the line of credit was also extended by two years, to October 13, 2025. "We have had the pleasure of working with the CareCloud team since 2017 and have witnessed their tremendous growth over the years," said Tom Gordon, Managing Director of Life Science and Healthc
HOUSTON, Feb. 21, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (NASDAQ:DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), is pleased to announce its entry into the $5 million revolving credit facility with Silicon Valley Bank, as filed with the SEC on a Form 8-K on January 11, 2023. In addition to the principal amount of $5 million, Direct Digital Holdings has access to an additional $2.5 million incremental revolving facility, subject to the lender's consent, which may increase the aggreg