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SVB Financial's Third-Quarter Earnings: Rising Rates, Gains, Oh My!

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SVB Financial's Third-Quarter Earnings: Rising Rates, Gains, Oh My!

SVB Financial (NASDAQ: SIVB) put up another record quarter, generating $148.6 million in net income for common shareholders, or $2.79 per diluted share, in the third quarter. The holding company for Silicon Valley Bank saw its earnings rise due to rising rates, growing loan balances, and a jump in non-interest income due to warrant and investment gains.

Data source: SVB Financial IR.

Image source: Getty Images.

Source: Fool.com