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SVB Financial Group Q4 Income Declines, misses estimates

January 19, 2023 — 04:52 pm EST

Written by RTTNews.com for RTTNews->

(RTTNews) - SVB Financial Group (SIVB) released a profit for fourth quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $275 million, or $4.62 per share. This compares with $371 million, or $6.22 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $5.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SVB Financial Group earnings at a glance (GAAP) :

-Earnings (Q4): $275 Mln. vs. $371 Mln. last year. -EPS (Q4): $4.62 vs. $6.22 last year. -Analyst Estimates: $5.27

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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