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