Svb financial group investor relations

Svb financial group investor relations DEFAULT

SVB FINANCIAL GROUP

SANTA CLARA, Calif., April 22, 2021 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) has released its financial results for the quarter ended March 31, 2021.  Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, and summary earnings letter and presentation. 

Conference call:  The Company will host a conference call at 3:00 p.m. Pacific Time today to discuss the results. 

Dial-in information: (833) 494-1484 or (236) 714-2618, Confirmation 4158465

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://ir.svb.com for 12 months beginning April 22, 2021.

About SVB Financial Group

For 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at www.svb.com.  [SIVB-F]

SVB Financial Group is the holding company for all business units and groups © 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB LEERINK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group.

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Markets

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Sours: https://www.wsj.com/market-data/quotes/SIVBP/company-people/executive-profile/86277976
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SVB Financial Group (OQ:SIVB)

Oct 13, 2021 07:00 am ET

Family Offices Are Active and Optimistic Investors in Venture Capital, According to SVB Capital and Campden Wealth Report

MENLO PARK, Calif., Oct. 13, 2021 /PRNewswire/ -- SVB Capital, the global venture capital investment arm of SVB Financial Group (NASDAQ: SIVB), today released "Family Offices Investing in Venture Capital – 2021-2022," a four-part report developed in partnership with Campden Wealth. Part one, entitled, "A Roadmap to VC Success," looks at the venture investing maturity model, investment structures and how venture deals are sourced. The report also includes lessons learned and tips from experienced family offices to those just starting out in the asset class.

Oct 04, 2021 07:00 am ET

SVB's Tech Gives Back Event Brings Together Innovation Sector for Two Weeks of Virtual Volunteering

SANTA CLARA, Calif., Oct. 4, 2021 /PRNewswire/ -- SVB Financial Group (SVB), the parent of Silicon Valley Bank, today announced the start of the 11th annual Tech Gives Back event taking place October 4-15, 2021. Tech Gives Back is an international, interactive event that brings together SVB employees, clients and partners in the technology and life science & healthcare sectors and their investors to positively contribute to their communities. This year the event is virtual and features volunteer and fundraising opportunities benefiting 25 not-for-profit organizations around the world foc

Sep 22, 2021 09:05 am ET

Silicon Valley Bank Doubles CareCloud’s Credit Facility

CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, today announced that Silicon Valley Bank (NASDAQ: SIVB), the bank of the world's most...

Sep 21, 2021 04:27 pm ET

Monteverde & Associates PC Filed a Class Action Lawsuit on Behalf of Shareholders of Boston Private Financial Holdings, Inc. in the District of Massachusetts

NEW YORK, Sept. 21, 2021 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the District of Massachusetts, Richard Savoy v. Boston Private Financial Holdings, Inc. et al, Docket No. 1:21-cv-11537, on behalf of the public common shareholders of Boston Private Financial Holdings, Inc., ("BPFH" or the "Company") who held BPFH securities as of the record date March 15, 2021 (the "Class Period"), and have been harmed by BPFH's and its board of directors' alleged violations of Sections 14(a) and 20(a)

Sep 15, 2021 08:00 am ET

Silicon Valley Bank and Plaid Partner to Provide Secure and Efficient Tokenized Payment Solutions

SANTA CLARA, Calif., Sept. 15, 2021 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and Plaid, a data network powering the digital financial ecosystem, today announced a partnership to allow clients to instantly authenticate bank account information with Plaid and securely generate payments via a tokenized payment solution. SVB is the first bank to provide ACH account token integration with Plaid.

Sep 14, 2021 08:00 am ET

Silicon Valley Bank Establishes Physical Presence in Miami

MIAMI, Sept. 14, 2021 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced a team of commercial bankers have landed permanently in Miami to focus on Florida's dynamic innovation sector. SVB has been working with companies of all life stages in Florida for more than 20 years from its other Southeast locations. With the addition of a Miami-based team focused on early-stage startups, SVB provides commercial banking, private banking and wealth management to technology and life science companies of all sizes and their in

Sep 08, 2021 10:21 am ET

New Energy Equity closes $50 Million Unitranche Revolver led by SVB

ANNAPOLIS, Md., Sept. 8, 2021 /PRNewswire/ -- New Energy Equity, a developer and financier of community and commercial solar projects throughout the United States, today announced the closing of a $50 million facility, with $41 million led by Silicon Valley Bank and joined by SVB Capital, two innovative financial partners in the renewable energy and technology sector. The unitranche revolving facility will be used for the construction of community solar projects in New York State and other markets, expected to total more than 60MW of installed capacity.

Sep 08, 2021 07:00 am ET

SVB Financial Group Expands Financial Platform for the Innovation Economy with Addition of Technology Investment Banking

SANTA CLARA, Calif., Sept. 8, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wea

Aug 09, 2021 11:16 pm ET

SVB Financial Group Announces Pricing of Offering of Common Stock

SANTA CLARA, Calif., Aug. 9, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), announced today the pricing of its underwritten public offering of 2,227,000 shares of its common stock at a price to the public of $564.00 per share for expected gross proceeds of approximately $1.25 billion before underwriting discounts and commissions and offering expenses. SVB has also granted the underwriter an option to purchase up to an additional 334,000 shares of its common stock. SVB intends to use the net proceeds from the offering for general corporate purposes, including supporting capi

Aug 09, 2021 05:13 pm ET

SVB Financial Group Announces Proposed Offering of Common Stock

SANTA CLARA, Calif., Aug. 9, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), announced today that it intends to offer 2,227,000 shares of its common stock in an underwritten registered public offering. SVB also intends to grant the underwriter an option to purchase up to an additional 334,000 shares of its common stock to cover over-allotments. SVB intends to use the net proceeds from the offering for general corporate purposes, including supporting capital ratios at SVB and its subsidiary bank, Silicon Valley Bank.

Jul 22, 2021 04:25 pm ET

Jul 20, 2021 07:00 am ET

Nasdaq, SVB, Citi, Goldman Sachs, and Morgan Stanley Launch New Platform for Trading Private Company Stock

Nasdaq, SVB Financial Group (“SVB”), Citi, Goldman Sachs, and Morgan Stanley today announced a joint venture to establish an institutional-grade, centralized secondary trading venue for issuers, brokers, shareholders and prospective investors of...

Jul 01, 2021 06:20 pm ET

Cerence Set to Join S&P MidCap 400; Adtalem Global Education to Join S&P SmallCap 600

NEW YORK, July 1, 2021 /PRNewswire/ -- Cerence Inc (NASD: CRNC) will replace Adtalem Global Education Inc. (NYSE: ATGE) in the S&P MidCap 400 and Adtalem Global Education will replace Boston Private Financial Holdings Inc. (NASD: BPFH) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 7. S&P 500 constituent SVB Financial Group (NASD: SIVB) completed its acquisition of Boston Private Financial Holdings today.

Jul 01, 2021 08:00 am ET

SVB Financial Group Completes Acquisition of Boston Private

SANTA CLARA, Calif., July 1, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (Nasdaq: SIVB), the parent of Silicon Valley Bank, today announced it has completed the acquisition of Boston Private Financial Holdings, Inc. ("Boston Private"), the parent company of Boston Private Bank & Trust Company ("Boston Private Bank"), a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits.

Jul 01, 2021 08:00 am ET

SVB Financial Group Completes Acquisition of Boston Private

SANTA CLARA, Calif., July 1, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (Nasdaq: SIVB), the parent of Silicon Valley Bank, today announced it has completed the acquisition of Boston Private Financial Holdings, Inc. ("Boston Private"), the parent company of Boston Private Bank & Trust Company ("Boston Private Bank"), a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits.

Feb 19, 2021 05:00 am ET

New Columbus, Ohio Insurtech Company, Circulo, Raises $50M to Disrupt Medicaid

COLUMBUS, Ohio, Feb. 19, 2021 /PRNewswire/ -- Circulo starts with $50M out of the gate to bring much needed, disruptive innovation to Medicaid Managed Care. Medicaid is a cornerstone of the U.S. healthcare system and is often passed over by venture backed startups who aim to disrupt Medicare Advantage and commercial health insurance markets. Circulo plans to change that by bringing bold new approaches and Internet-scale technology to more than 75 million members who depend on Medicaid for their coverage.

Feb 09, 2021 02:25 pm ET

BOSTON PRIVATE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Boston Private Financial Holdings, Inc.

NEW ORLEANS, Feb. 9, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Boston Private Financial Holdings, Inc. (NasdaqGS: BPFH) to SVB Financial Group (NasdaqGS: SIVB). Under the terms of the proposed transaction, shareholders of Boston Private will receive only 0.0228 shares of SVB common stock and $2.10 in cash for each share of Boston Private that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whe

Jan 27, 2021 07:00 am ET

Silicon Valley Bank Included in 2021 Bloomberg Gender-Equality Index

SANTA CLARA, Calif., Jan. 27, 2021 /PRNewswire/ -- Silicon Valley Bank (SVB) (Nasdaq: SIVB), the bank of the world's most innovative companies and their investors, today announced that it is one of 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI). The GEI brings transparency to gender-related practices and policies at publicly listed companies, increasing the breadth of environmental, social, governance (ESG) data available to investors. The comprehensive, transparent GEI scoring methodology allows investors to assess company performance and compare

Jan 26, 2021 04:36 pm ET

SVB Financial Group Announces Pricing of $750 Million Preferred Stock Depositary Shares Offering and $500 Million 1.800% Senior Notes Offering

SANTA CLARA, Calif., Jan. 26, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced the pricing of an underwritten offering of 750,000 depositary shares, each representing a 1/100th interest in a share of its Series B Non-Cumulative Perpetual Preferred Stock, liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate offering price of $750 million.  SVB today also announced the pricing of an underwritten offering of $500 million in aggregate principal amount of its 1.800% Senior Notes due 2031 (the "Notes"). The Notes will be s

Jan 21, 2021 03:20 pm ET

SVB Financial Group Announces Availability Of Quarterly Financial Results

SANTA CLARA, Calif., Jan. 21, 2021 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) has released its financial results for the quarter ended December 31, 2020.  Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, and summary earnings letter and presentation. 

Jan 10, 2021 09:35 am ET

Lifshitz Law Firm, P.C. Announces Investigation of BPFH, SIVB, CATM, CHNG, MGLN, PS, PRVL, RP, and WDR

NEW YORK, Jan. 10, 2021 /PRNewswire/ --

Jan 05, 2021 12:52 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Investigates Boston Private Financial Holdings, Inc.

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Boston Private Financial Holdings, Inc. ("BPFH" or the "Company") (NASDAQ: BPFH) in connection with the proposed acquisition of the Company by SVB Financial Group ("SVB") (NASDAQ: SIVB).  Under the terms of the merger agreement, SVB will acquire BPFH in a mixed cash-and-stock transaction, pursuant to which BPFH shareholders will receive $2.10 in cash and 0.0228 shares of SVB common stock for each BPFH share that they own, representi

Jan 05, 2021 11:42 am ET

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Boston Private Financial Holdings, Inc.

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) and its board of directors concerning the proposed acquisition of the company by SVB Financial Group (NASDAQ: SIVB). Stockholders will receive $2.10 and 0.0228 shares of SVB Financial Group common stock for each share of Boston Private stock that they hold. The transaction is valued at approximately $900 million and is expected to close in mid-2021.

Jan 04, 2021 03:30 pm ET

SVB Financial Group To Acquire Boston Private, A Leading Provider Of Wealth Management, Trust And Banking Services

SANTA CLARA, Calif. and BOSTON, Jan. 4, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and Boston Private Financial Holdings, Inc. ("Boston Private")(NASDAQ: BPFH), the parent company of Boston Private Bank & Trust Company, a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits, today announced that they have entered into a definitive merger agreement pursuant to which SVB will acquire Bosto

Dec 02, 2020 07:00 am ET

Silicon Valley Bank Hires Chief Diversity, Equity & Inclusion Officer

SANTA CLARA, Calif., Dec. 2, 2020 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced the appointment of Angela Morris Lovelace as the company's new Chief Diversity, Equity and Inclusion Officer. In this role, Lovelace will champion, promote and guide the company's diversity, equity and inclusion (DEI) strategies for its global workforce.  

Nov 30, 2020 07:00 am ET

SVB Financial Group To Acquire WestRiver Group's Debt Investment Business

SANTA CLARA, Calif., Nov. 30, 2020 /PRNewswire/ -- SVB Financial Group today announced that it has entered into an agreement to acquire the debt fund business of WestRiver Group, a Seattle-based provider of integrated capital solutions for the global innovation economy. The acquisition will enable SVB Capital, SVB Financial Group's funds management business, to establish the SVB Capital Credit Platform to provide institutional investors with additional investment opportunities in the innovation economy and provide new debt options to Silicon Valley Bank's commercial banking clients. SVB Fina

Nov 19, 2020 08:00 am ET

Silicon Valley Bank Provides Risk Retention Facility to SoFi

SAN FRANCISCO, Nov. 19, 2020 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced that it has entered into a multi-million risk retention financing agreement with SoFi, the digital personal finance company. This agreement provides financing to be used for SoFi's risk retention bonds as part of their asset-backed securities (ABS) issuance requirements.

Oct 27, 2020 08:00 am ET

Silicon Valley Bank Expands to Vancouver and Hires Local Leader

VANCOUVER, BC, Oct. 27, 2020 /CNW/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced its expansion to Vancouver and the appointment of Caterina Papadakos as Director of Technology Banking for Western Canada. Papadakos will be based in Vancouver and responsible for the development of new business relationships as well as management of the current client portfolio.

Oct 22, 2020 04:57 pm ET

SVB Financial Group Announces Availability Of Quarterly Financial Results

SANTA CLARA, Calif., Oct. 22, 2020 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) has released its financial results for the quarter ended September 30, 2020.  Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, and summary earnings letter and presentation. 

Oct 22, 2020 04:01 pm ET

SVB Financial Group Appoints Richard Daniels To Its Board Of Directors

SANTA CLARA, Calif., Oct. 22, 2020 /PRNewswire/ -- SVB Financial Group today announced the appointment of Richard Daniels, retired Executive Vice President and Chief Information Officer of Kaiser Permanente, to its board of directors, effective October 22, 2020. SVB Financial Group is the parent company of Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. Daniels will also serve on the board of directors of Silicon Valley Bank.

Jul 23, 2020 04:52 pm ET

SVB Financial Group Announces Availability Of Quarterly Financial Results

SANTA CLARA, Calif., July 23, 2020 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) has released its financial results for the quarter ended June 30, 2020.  Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, and summary earnings letter and presentation. 

Jul 14, 2020 08:00 am ET

Jun 16, 2020 08:00 am ET

Jun 02, 2020 05:05 pm ET

SVB Financial Group Announces Pricing of $500 Million, 3.125% Senior Notes Offering

SANTA CLARA, Calif., June 2, 2020 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB) today priced an underwritten offering of $500 million in aggregate principal amount of its 3.125% senior notes due 2030 (the "Notes").  The Notes will be sold at 99.923% of the principal amount and will bear interest semi-annually. The offering is expected to close on June 5, 2020. SVB intends to use the net proceeds of the offering for general corporate purposes.

Jun 02, 2020 08:00 am ET

May 11, 2020 04:05 pm ET

SVB Financial Group Appoints Alison Davis to its Board of Directors

SANTA CLARA, Calif., May 11, 2020 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) today announced the appointment of Alison Davis, Co-Founder and Managing Partner of Fifth Era and a seasoned investor, to its board of directors, effective May 11, 2020. SVB Financial Group is the parent company of Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. Davis will also serve on the board of directors of Silicon Valley Bank.

May 05, 2020 08:00 am ET

Silicon Valley Bank Appoints Paul Parisi to Lead Canadian Business

TORONTO, May 5, 2020 /CNW/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced the appointment of Paul Parisi as its new Head of Canada, effective today. In this role, Parisi, formerly the president of PayPal Canada, will provide leadership and strategic oversight for all of Silicon Valley Bank's activities in Canada, including business development, operations and corporate governance.

Apr 27, 2020 09:00 am ET

Silicon Valley Bank Expands COVID-19 Response & Community Support

SANTA CLARA, Calif., April 27, 2020 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced the expansion of its COVID-19 Response & Community Support initiatives designed to support clients with financial hardships, help stabilize the broader innovation economy and provide on-the-ground relief in communities around the world in which SVB operates.

Apr 23, 2020 04:18 pm ET

SVB Financial Group Announces Availability Of Quarterly Financial Results

SANTA CLARA, Calif., April 23, 2020 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) has released its financial results for the quarter ended March 31, 2020.  Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, and summary earnings letter and presentation. 

Mar 30, 2020 04:05 pm ET

Silicon Valley Bank Announces COVID-19 Response & Community Support

SANTA CLARA, Calif., March 30, 2020 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced COVID-19 Response & Community Support initiatives that stem from SVB's mission to increase its clients' probability of success, champion the innovation economy and support the global communities in which the company operates. 

Nov 12, 2019 11:15 am ET

Silicon Valley Bank Expands In Arizona

TEMPE, Ariz., Nov. 12, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced its expansion in Arizona. The bank has secured an additional 60,000 square feet of office space in Tempe that it will move into in Q1 2020 and aims to grow its presence by more than 300 employees in the next three years.

Oct 07, 2019 09:01 am ET

9th Annual Tech Gives Back Brings Together More than 3,000 Tech Industry Volunteers in 5 Countries For a Week of Community Service

SANTA CLARA, Calif., Oct. 7, 2019 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and TUGG, the nonprofit arm of Boston's tech community, today announced the 9th Annual Tech Gives Back event taking place the week of October 7, 2019. Tech Gives Back is an interactive event created to provide the tech community with an opportunity to work alongside their colleagues and peers to positively contribute to their communities. More than 3,000 professionals from over 200 companies in 11 U.S. states, Canada, the United Kingdom, China and Isra

Oct 01, 2019 09:00 am ET

Silicon Valley Bank Introduces "Access to Innovation" to Increase Opportunities for Underrepresented People in the Innovation Economy

SANTA CLARA, Calif., Oct. 1, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB Financial Group, NASDAQ: SIVB), the bank of the world's most innovative companies and their investors, today announced its Access to Innovation program, which is designed to increase opportunities for underrepresented individuals in the innovation economy. SVB seeks to provide educational and workforce opportunities for emerging talent, increase the connections and funding available for female- and minority-founded startups, and encourage gender parity and diversity in leadership in the innovation economy.

Sep 12, 2019 04:05 pm ET

SVB Financial Group Appoints Kay Matthews, formerly of Ernst & Young, to its Board of Directors

SANTA CLARA, Calif., Sept. 12, 2019 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) announced today the appointment of Kay Matthews, retired business leader with Ernst & Young, to its board of directors. Matthews joins SVB's board of directors and its audit committee as of September 10, 2019. SVB Financial Group is the parent company of Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors.

Jul 30, 2019 07:00 am ET

Techstars Announces $42 Million Investment

BOULDER, Colo., July 30, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, today announced a $42M investment led by SVB Financial Group, the holding company of Silicon Valley Bank, with additional participation from existing investors including Foundry Group. This funding will accelerate Techstars' growth to help more entrepreneurs succeed through seed-stage accelerators, global startup ecosystem activations, corporate innovation, and entrepreneur-focused events.

Jul 25, 2019 04:22 pm ET

SVB Financial Group Announces Availability Of Quarterly Financial Results

SANTA CLARA, Calif., July 25, 2019 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) has released its financial results for the quarter ended June 30, 2019.  Please visit SVB's Investor Relations website at http://ir.svb.com to view the earnings release, and summary earnings letter and presentation. 

Jul 10, 2019 09:01 am ET

Silicon Valley Bank and First Data Welcome Class 9 of Commerce.Innovated. Accelerator

SANTA CLARA, Calif., July 10, 2019 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 9 of Commerce.Innovated., an accelerator program designed to help commerce, payments, and fintech companies grow their businesses. The four-month program provides participants with operational mentorship from Silicon Valley Bank, First Data, and their respective networks. Silicon Valley Bank also welcomed a new head of the p

Mar 06, 2019 07:01 am ET

Startups Actively Seek to Increase the Number of Women in Leadership Roles, but Progress is Slow

SANTA CLARA, Calif., March 6, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released its Women in Technology Leadership 2019 report. The report shows that while there has been some progress over the last year, a lack of gender parity persists. Just 56 percent of startups have at least one woman in an executive position, and only 40 percent have at least one woman on the board of directors. The Women in Technology Leadership 2019 report is part of the 10th anniversary edition of SVB's Startup Outlook Report, which is bas

Feb 20, 2019 07:00 am ET

US Startups Expect Business Conditions to Improve Despite Increased Uncertainty

SANTA CLARA, Calif., Feb. 20, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released the 10th anniversary edition of its Startup Outlook Report today. The 2019 report series finds that despite economic and political uncertainty across the globe, startups are generally optimistic about their business opportunities, and they plan to raise capital and expand their workforces this year.

Jan 16, 2019 07:01 am ET

Silicon Valley Bank Predicts Premium Wine Sales Growth Will Decline Again in 2019

ST. HELENA, Calif., Jan. 16, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released its 2019 State of the Wine Industry Report today. The 18th annual report assesses current conditions in the wine industry and provides a unique forecast for the year ahead based on proprietary research and economic and behavioral trends.

Jan 10, 2019 12:05 pm ET

Silicon Valley Bank Names Phil Cox Chief Operations Officer and Erin Platts Head of EMEA and President of the UK Branch

SANTA CLARA, Calif., Jan. 10, 2019 /PRNewswire/ -- Silicon Valley Bank ("SVB"), the bank of the world's most innovative companies and their investors, appointed Phil Cox as its new Chief Operations Officer (COO) and Erin Platts as its new Head of EMEA and President of the UK Branch, pending UK regulatory approval. Their new roles will be effective April 1, 2019. Cox, SVB's current Head of EMEA and President of the UK Branch, will succeed current COO Mike Dreyer, who will retire in April. Platts is currently Head of Relationship Banking, Europe for SVB.

Jan 07, 2019 07:01 am ET

Jan 04, 2019 03:05 pm ET

Dec 18, 2018 10:00 am ET

Silicon Valley Bank Appoints Gagan Kanjlia as Chief Product Officer

SANTA CLARA, Calif., Dec. 18, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced the appointment of Gagan Kanjlia as Chief Product Officer. In this role, he will lead all product-related activities and work closely with the senior leadership team to drive overall product strategy. Kanjlia will be based in Santa Clara and report to President Mike Descheneaux.   

Dec 11, 2018 08:00 am ET

M12 and VC partners award $4 million to two women-led companies transforming enterprise tech

SAN FRANCISCO, Dec. 11, 2018 /PRNewswire/ -- On Tuesday, Microsoft Corp. (Nasdaq "MSFT" @microsoft) venture fund M12, in partnership with EQT Ventures and SVB Financial Group, announced the two winners of the Female Founders Competition: Acerta and Mental Canvas. The companies and their founders, Greta Cutulenco (CEO and co-founder, Acerta) and Julie Dorsey (founder and chief scientist, Mental Canvas) beat out several hundred applicants to receive $2 million each in venture funding, along with access to technology resources and more to help progress the future of their businesses.  

Dec 04, 2018 09:23 am ET

SVB Financial Group To Webcast Investor Day Today

SANTA CLARA, Calif., Dec. 4, 2018 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) will host a live webcast of its Investor Day today, Tuesday, December 4, 2018, in San Francisco. The event will feature presentations by SVB's executive management team to discuss the company's business and outlook, as well as panel discussions with SVB's market-facing leaders.

Nov 13, 2018 03:06 pm ET

SVB Financial Group Announces Stock Repurchase Program

SANTA CLARA, Calif., Nov. 13, 2018 /PRNewswire/ -- SVB Financial Group ("SVB" or the "Company") (NASDAQ: SIVB) today announced that its Board of Directors has authorized a stock repurchase program that enables the Company to repurchase up to $500 million of its outstanding common stock. This program expires on November 15, 2019. 

Nov 13, 2018 03:05 pm ET

SVB Financial Group to Acquire Healthcare Investment Bank Leerink Partners

SANTA CLARA, Calif., Nov. 13, 2018 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced that it has entered into a merger agreement to acquire Leerink Holdings LLC ("Leerink"), the Boston-based parent company of Leerink Partners LLC, a leading investment bank focused on the healthcare and life science industries. SVB Financial Group is the parent company of Silicon Valley Bank, the bank of the world's most innovative companies and their investors.

Sep 26, 2018 09:01 am ET

SPD Silicon Valley Bank Opens Shenzhen Branch

SANTA CLARA, Calif., Sept. 26, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced further expansion into China through SPD Silicon Valley Bank's (SSVB) newest branch in Shenzhen. SPD Silicon Valley Bank is a joint venture bank that was established by Silicon Valley Bank and its partner, Shanghai Pudong Development Bank Co., Ltd., in order to offer specialized commercial banking services specifically for innovative companies and their investors in China. This is SSVB's third location in China, after establishi

Aug 06, 2018 08:30 am ET

Factors of Influence in 2018, Key Indicators and Opportunity within SVB Financial Group, First Data, Caterpillar, TTM Technologies, RadiSys, and CalAmp — New Research Emphasizes Economic Growth

In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of SVB Financial Group (NASDAQ:SIVB), First Data Corporation (NYSE:FDC),...

Aug 02, 2018 09:01 am ET

Silicon Valley Bank Names New CIO and CTO

SANTA CLARA, Calif., Aug. 2, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, appointed Nick Shevelyov as its new Chief Information Officer (CIO) and Robin Staples as its new Chief Technology Officer (CTO), effective immediately. Shevelyov is succeeding former CIO Roger Leone, who will retire at the end of the year. Staples has been promoted from Head of IT Digital and Core Banking Solutions.

Jul 18, 2018 09:01 am ET

Silicon Valley Bank and First Data Welcome Class 8 of Commerce.Innovated.

SANTA CLARA, Calif., July 18, 2018 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 8 of Commerce.Innovated., an accelerator designed to help commerce, payments and fintech companies grow their businesses. The four month program provides participants with operational mentorship from Silicon Valley Bank, First Data and their respective networks.

Jun 21, 2018 09:01 am ET

Silicon Valley Bank Appoints Yvette Butler as Head of Private Bank

SANTA CLARA, Calif., June 21, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, hired Yvette Butler as its new Head of Private Bank. Butler most recently served as President of Capital One Investing, a division of Capital One Financial. Through its Private Bank, SVB provides personal banking and wealth advisory services to founders, executives and investors in the innovation economy.

Jun 04, 2018 09:01 am ET

Silicon Valley Bank Expands in Portland

PORTLAND, Ore., June 4, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced the expansion of its Portland, Oregon team. SVB hired technology executive Jane Ullman as Managing Director to support Oregon's innovation economy and lead its local banking team. SVB also recently added a local wine team to continue serving Oregon's premium wineries.

May 08, 2018 08:00 am ET

SVB Financial Group Appoints Kimberly Jabal, CFO of Weebly, to its Board of Directors

SANTA CLARA, Calif., May 8, 2018 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) today announced the appointment of Kimberly Jabal, CFO of Weebly and a seasoned technology and finance executive, to its board of directors. Jabal is the newest director elected to the board at the company's 2018 Annual Meeting of Stockholders.  SVB Financial Group is the parent company of Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors.

May 07, 2018 04:05 pm ET

SVB Financial Group Announces 2018 Investor Day

SANTA CLARA, Calif., May 7, 2018 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) will hold an investor day in San Francisco on Tuesday, December 4, 2018, featuring presentations by Greg Becker, President and CEO, and other members of management.

Apr 10, 2018 09:00 am ET

Silicon Valley Bank Expands Energy and Resource Innovation Practice

SANTA CLARA, Calif., April 10, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced the expansion of its Energy and Resource Innovation (ERI) practice with the addition of three new project finance specialists. SVB's ERI team works with hundreds of companies across the US that are designing efficient and sustainable solutions in the energy and resource sectors. Kerri L. Fox, former Head of North American Project Finance for BBVA, has been hired to bolster the group's project finance efforts, effective immediate

Mar 09, 2018 04:54 pm ET

Mar 01, 2018 08:01 am ET

Achaogen Enters Into New $50 Million Secured Credit Facility with Silicon Valley Bank

SOUTH SAN FRANCISCO, Calif., March 1, 2018 /PRNewswire/ -- Achaogen, Inc. (NASDAQ:AKAO), a late-stage biopharmaceutical company developing innovative antibacterials addressing multi-drug resistant (MDR) gram-negative infections, has entered into a new secured credit facility with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. This facility provides up to $50 million of capital to Achaogen for general corporate purposes, including repayment of outstanding debt.

Feb 22, 2018 08:01 am ET

More Startups Take Steps to Increase the Number of Women in Leadership

SANTA CLARA, Calif., Feb. 22, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released its Women in Technology Leadership 2018 report today.  The report found that 67 percent of startups surveyed have no women on their boards and 51 percent have no women in executive positions. The number of startups that say they have programs in place to increase the number of women in leadership, however, in one year jumped from 28 percent to 43 percent.

Feb 14, 2018 08:02 am ET

Silicon Valley Bank and First Data Welcome Class 7 of Commerce.Innovated.

SANTA CLARA, Calif., Feb. 14, 2018 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 7 of Commerce.Innovated., an accelerator designed to help commerce, payments, and fintech companies grow their businesses. The four-month virtual program provides participants with operational mentorship from Silicon Valley Bank, First Data, and their respective networks.

Feb 08, 2018 08:00 am ET

Investor Expectations to Drive Momentum within Tallgrass Energy Partners, LP, Redfin, Energizer, D/B/A Chubb Limited New, SVB Financial Group, and ONE Gas — Discovering Underlying Factors of Influence

NEW YORK, Feb. 08, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Tallgrass Energy Partners, LP (NYSE:TEP), Redfin...

Jan 30, 2018 08:00 am ET

2018 Set To Be a Better Year for Startups

SANTA CLARA, Calif., Jan. 30, 2018 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released its ninth annual Startup Outlook report today. The survey found that many startups globally believe that business conditions will be better this year compared to 2017, with 30 percent globally noting that 2018 conditions will be much better.

Jan 04, 2018 07:01 am ET

Silicon Valley Bank's 2018 Healthcare Report Shows Fundraising and Investments Hit Record Highs

SANTA CLARA, Calif., Jan. 4, 2018 /PRNewswire/ -- Healthcare venture capital fundraising set a record of $9.1 billion in 2017, increasing 26 percent over 2016, according to Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. Investments into venture capital-backed biopharma, medical device and diagnostics/tools companies also are expected to break a record in 2017 when the final numbers are compiled for the year.

Nov 21, 2017 03:17 pm ET

SVB Financial Group Announces Redemption Of Trust Preferred Securities Issued By SVB Capital II

SANTA CLARA, Calif., Nov. 21, 2017 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) today announced that it has issued a notice of redemption with respect to its 7% junior subordinated deferrable interest debentures due October 15, 2033 (the "Junior Subordinated Debentures") relating to the outstanding 7% cumulative trust preferred securities (NASDAQ: SIVBO) (the "Trust Securities") issued by SVB Capital II (the "Trust"), which are guaranteed on a subordinated basis by SVB Financial Group. An aggregate principal amount of Junior Subordinated Debentures of $51.5 million is expected to be re

Oct 18, 2017 07:03 pm ET

MEDIA ALERT: LA Tech Companies Come Together for Tech Gives Back, a Day of Community Service Hosted by Silicon Valley Bank - October 19, 2017

WHO: Silicon Valley Bank, the bank of the world's most innovative companies and their investors, is hosting the inaugural LA Tech Gives Back (#LATechGivesBack), a half-day of community service by LA tech companies at local nonprofits. Sponsors include Aspiration, DeepCurrent, Embark Ventures, Full Stack Finance, Hawke Media, Headspace, mitú, The Bouqs Company, true[X], TrueCar, Two Bit Circus, and ZEFR.

Aug 10, 2017 10:03 am ET

Silicon Valley Bank and First Data Welcome Class 6 of Commerce.Innovated.

SANTA CLARA, Calif., Aug. 10, 2017 /PRNewswire/-- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected four startups to participate in Class 6 of Commerce.Innovated., an accelerator designed to help commerce, payments, and fintech companies grow their businesses. The four-month virtual program provides participants with operational mentorship from Silicon Valley Bank, First Data, and their respective networks.

Aug 09, 2017 06:50 pm ET

Donuts Closes $110 Million in a Financing Led by Silicon Valley Bank

KIRKLAND, Wash., Aug. 9, 2017 /PRNewswire/ -- Donuts Inc., the global leader in high-quality, top-level domains for promoting and enhancing digital identity, today announced that it has closed a $110 million credit facility led by Silicon Valley Bank (a division of SVB Financial Group: Nasdaq: SIVB), and with participation from Cadence Bank, N.A., Comerica Bank, Pacific Western Bank, and Umpqua Bank. This debt financing was oversubscribed. Donuts is using these funds to complete its $213 million merger with the Rightside Group, and for general corporate purposes.

Aug 03, 2017 05:15 pm ET

SVB Financial Group Appoints John Clendening to its Board of Directors

SANTA CLARA, Calif., Aug. 3, 2017 /PRNewswire/ -- SVB Financial Group (NASDAQ: SIVB) today announced the appointment of John Clendening, president and CEO of Blucora, Inc. (NASDAQ: BCOR) to its board of directors. SVB Financial Group is the parent company of Silicon Valley Bank, the bank of the world's most innovative companies and their investors.

Jul 25, 2017 08:00 am ET

Gemphire Enters Into $15 Million Term Loan Agreement With Silicon Valley Bank

LIVONIA, Mich., July 25, 2017 (GLOBE NEWSWIRE) -- Gemphire Therapeutics Inc. (NASDAQ:GEMP) today announced that it has entered into a loan and security agreement with Silicon Valley Bank for a term loan of up to $15 million, subject to funding in up to three tranches. Gemphire immediately drew $10 million upon execution of the loan agreement on July 24, 2017. Gemphire intends to use the capital to support the ongoing development of its product candidate, gemcabene, and for general corporate purposes. ...

Jul 20, 2017 10:18 am ET

PebblePost Closes Series B Equity and Debt Totaling $47 Million

PebblePost®, the inventor of the Programmatic Direct Mail® solution, today announces that it has secured a total of $47 million in Series B round equity and debt funding. This sum includes a term loan facility with Horizon Technology Finance and secured credit facility with Silicon Valley Bank (SVB) that together will provide access to $27 million in funds in addition to $20 million in equity capital from institutional investors and industry angels. This completes the Series B funding led by RRE, which includes the previously announced $15M closing. Cafferty & Company served as

Jun 20, 2017 10:01 am ET

Feedzai Selected as Most Innovative AI Startup of 2017 by Silicon Valley Bank and In-Q-Tel

SANTA CLARA, Calif., June 20, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, and In-Q-Tel, Inc. (IQT), the non-profit strategic investor that identifies innovative technology for the U.S. Intelligence Community (IC), hosted a pitch event for venture capital-backed startups to connect with investors, IC representatives, and leading companies and organizations in the artificial intelligence (AI) industry. Following pitches and panel questions, judges selected Feedzai, a leader in attainable AI for real-time risk management

May 24, 2017 10:00 am ET

Silicon Valley Bank Expands in Utah

SALT LAKE CITY, May 24, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced it will move to a larger office in the Salt Lake City area in 2018. The new office is in Cottonwood Heights, providing more space for the local team to support Utah-based technology and life science companies, as well as the global operations for the company.

May 12, 2017 05:05 pm ET

Silicon Valley Bank Names Michael Descheneaux President and Daniel Beck CFO

SANTA CLARA, Calif., May 12, 2017 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, announced that Michael Descheneaux, SVB Financial Group's (Nasdaq: SIVB) Chief Financial Officer, has been promoted to president of Silicon Valley Bank and Daniel Beck, former CFO of Bank of the West, will become SVB Financial Group's CFO, effective June 5, 2017.

May 01, 2017 09:00 am ET

Savara Secures $15 Million Loan And Security Agreement With Silicon Valley Bank

AUSTIN, Texas, May 1, 2017 /PRNewswire/ -- Savara, Inc. (NASDAQ: SVRA), a clinical-stage specialty pharmaceutical company focused on the development and commercialization of novel therapies for the treatment of serious or life-threatening rare respiratory diseases, today announced that it has entered into a loan agreement with Silicon Valley Bank  (NASDAQGS: SIVB), the bank of the world's most innovative companies and their investors. The agreement provides for a $15 million debt facility, $7.5 million of which is immediately available to Savara. The primary use of the capital is for the rep

Apr 10, 2017 10:00 am ET

Organogenesis Secures $25M Credit Facility from Silicon Valley Bank

CANTON, Mass., April 10, 2017 /PRNewswire/ -- Organogenesis Inc., a commercial leader in the field of regenerative medicine focusing on advanced wound care and surgical biologics, has entered into a revolving line of credit agreement with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. This agreement provides $25 million of new capital to the company to be used for working capital and general corporate purposes.

Apr 10, 2017 09:00 am ET

Silicon Valley Bank and First Data Launch Commerce.Innovated. 2017

SANTA CLARA, Calif., April 10, 2017 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, today announced their collaboration on Commerce.Innovated., an accelerator designed to help commerce, payments and fintech startups grow their businesses. The four-month virtual program provides participants with operational mentorship from Silicon Valley Bank, First Data and their respective networks.

Apr 04, 2017 10:03 am ET

Cardiovascular Systems, Inc. Secures $40 Million Line of Credit from Silicon Valley Bank

ST. PAUL, Minn., April 4, 2017 /PRNewswire/ -- Cardiovascular Systems, Inc. (CSI) (NASDAQ: CSII), a medical device company developing and commercializing innovative solutions for treating peripheral and coronary vascular disease, has entered into a credit facility with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. This agreement provides CSI with up to $40 million for working capital and general corporate purposes.

Mar 24, 2017 10:00 am ET

Sientra Secures $20 Million Credit Facility from Silicon Valley Bank

SANTA BARBARA, Calif., March 24, 2017 /PRNewswire/ -- Sientra, Inc. (NASDAQ:SIEN) ("Sientra" or the "Company"), a medical aesthetics company, has entered into a $15 million secured line of credit and a $5 million term loan agreement with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. This agreement provides up to $20 million of capital to the company to be used for general corporate purposes, working capital needs related to inventory as the company prepares for FDA approval of its new manufacturing site, and strategic initiatives.

Mar 15, 2017 10:00 am ET

Noventis Secures $4M in Debt Financing from Silicon Valley Bank

HOUSTON, March 15, 2017 /PRNewswire/ -- Noventis, Inc., (Noventis), a leading Fintech innovator in bill payment processing, today announced the completion of $4M of debt financing with SVB Financial Group (NASDAQ: SIVB). Noventis plans to use the new investment to further its rapidly growing processor business.

Mar 07, 2017 08:00 am ET

Despite Growing Awareness, Startups Are Making Slow Progress Bringing Women into Leadership

SANTA CLARA, Calif., March 7, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released its Women in Technology Leadership report today which found 68 percent of startups surveyed have no women on their board of directors and 53 percent have no women in the C-suite. Despite growing awareness of the lack of women in senior roles, only 28 percent of startups said they have a program in place aimed at increasing the number of women in leadership positions.

Mar 01, 2017 09:00 am ET

SPD Silicon Valley Bank Opens Beijing Branch

SANTA CLARA, Calif., March 1, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced further expansion into China through SPD Silicon Valley Bank's (SSVB) newest branch in Beijing. SPD Silicon Valley Bank is a joint venture bank that was established by Silicon Valley Bank and its partner, Shanghai Pudong Development Bank Co., Ltd., in order to offer specialized commercial banking services specifically for innovative companies and their investors in China. This is SSVB's second branch, after opening in Shanghai in

Feb 14, 2017 09:00 am ET

Technology and Innovation Startups See Opportunity Amid Uncertainty in 2017, Finds Silicon Valley Bank

SANTA CLARA, Calif., Feb. 14, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, released its eighth annual Startup Outlook report today. The U.S. report is based on SVB's survey of more than 550 executives at technology and healthcare startups in the U.S. and examines their insights on business conditions, fundraising, hiring and public policy issues, including the impact of regulation, taxes and immigration policy. An expanded series of reports offers international perspectives from startup leaders in the U.K. and China. N

Jan 18, 2017 08:00 am ET

Jan 12, 2017 04:05 pm ET

Jan 05, 2017 08:15 am ET

Silicon Valley Bank Healthcare Exits Report Points to Healthy IPO Environment for Healthcare Companies in 2017

SANTA CLARA, Calif., Jan. 5, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today released its annual Healthcare Investments and Exits 2017 report, which discusses the top trends in 2016 within the biopharma, device, tools and diagnostics sectors and provides an outlook for 2017. The report delves into venture investing, fundraising trends and exits.

Dec 02, 2016 08:30 am ET

Silicon Valley Bank Expands Relationship with A10 Networks

SAN JOSE, Calif., Dec. 2, 2016 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, today announced that it has provided a $25 million revolving line of credit to  A10 Networks (NYSE: ATEN), a leader in application networking and security. The credit facility provides A10 Networks with access to additional working capital when needed for general corporate purposes.

Nov 15, 2016 04:23 pm ET

Horizon Technology Finance Leads $25 Million Venture Loan Facility for vTv Therapeutics

FARMINGTON, Conn. and HIGH POINT, N.C., Nov. 15, 2016 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (NASDAQ:HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, announced today that Horizon and Silicon Valley Bank (“SVB”), the bank of the world’s most innovative companies and their investors, have provided a $25 million venture loan facility for vTv Therapeutics Inc. (NASDAQ:VTVT) (“vTv”), a cli...

Nov 07, 2016 08:00 am ET

Bridge2 Solutions Secures $37 Million Credit Facility from Silicon Valley Bank

ATLANTA, Nov. 7, 2016 /PRNewswire/ -- B2S Holdings, Inc. ("Bridge2 Solutions"), the pioneer and global leader of innovative SaaS-based technology solutions for the loyalty and rewards industry, announced today that it has entered into a $37.5 million line of credit agreement with Silicon Valley Bank, the bank of the world's most innovative companies and their investors. The credit facility, along with their recent $35 million equity round with Updata Partners, provides Bridge2 Solutions with additional working capital and enhanced financial flexibility.  

Oct 12, 2016 09:00 am ET

Silicon Valley Bank and Mastercard Welcome Class 5 of Commerce.Innovated.

SANTA CLARA, Calif., Oct. 12, 2016 /PRNewswire/ -- Silicon Valley Bank and Mastercard have selected six startups to participate in Class 5 of Commerce.Innovated., a virtual accelerator designed to help commerce, payments and fintech startups grow their businesses. The six startups will go through the four-month virtual program that provides resources to help refine and enhance their business ideas through access to operational expertise from Silicon Valley Bank, Mastercard and their respective networks.

Oct 06, 2016 05:05 pm ET

Sep 30, 2016 10:00 am ET

Silicon Valley Bank to Expand Presence in San Francisco

SAN FRANCISCO, Sept. 30, 2016 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, announced plans to expand its San Francisco presence in 2017 to be in a better position to serve the city's increasing number of innovation companies. The new office will be in the South of Market district, providing more space for the local team to support the vibrant technology and life science companies headquartered here.  

Aug 31, 2016 09:05 am ET

Silicon Valley Bank Appoints New Chief Risk Officer

SANTA CLARA, Calif., Aug. 31, 2016 /PRNewswire/ -- Silicon Valley Bank, the bank of the global innovation economy, hired Laura Izurieta as the company's new Chief Risk Officer. Izurieta, who served as a leader in risk management for Capital One in various roles, will lead the enterprise-wide risk management, corporate compliance and regulatory relations functions at Silicon Valley Bank.  She will also be a member of the executive management team.

Jul 27, 2016 10:00 am ET

Silicon Valley Bank's New Partnership with GENBAND Helps Fuel Growth

DALLAS, July 27, 2016 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, announced it has entered into a corporate banking partnership with GENBAND™, a global leader in real-time communications solutions, to help support GENBAND's growth initiatives.  In addition to providing domestic and international banking services, SVB acted as lead agent for a $50 million revolving credit facility to offer GENBAND additional working capital and enhanced financial flexibility.

Jul 07, 2016 05:05 pm ET

Jun 14, 2016 10:15 am ET

Silicon Valley Bank and MasterCard Invite Startups to Apply for Commerce.Innovated. Accelerator

SANTA CLARA, Calif., June 14, 2015 /PRNewswire/ -- Silicon Valley Bank (SVB) and MasterCard invite startups from across the United States to apply for Class 5 of Commerce.Innovated. through July 10, 2016. Commerce.Innovated. is a four-month, bi-annual virtual accelerator designed to help seed-stage startups that are innovating in the commerce, payments and financial technology sectors to refine and scale their business ideas. The program offers access to operational and industry expertise from Silicon Valley Bank, MasterCard and their respective networks.

Apr 07, 2016 05:01 pm ET

Mar 10, 2016 08:03 am ET

Silicon Valley Bank Releases Startup Outlook 2016

SANTA CLARA, Calif., March 10, 2016 /PRNewswire/ -- Silicon Valley Bank (SVB), bank of the world's most innovative companies and their investors, released its Startup Outlook report today. The report, now in its seventh year, is based on an annual survey of technology and healthcare startups that gauges their perceptions on business conditions, fundraising, hiring and public policy issues. This year's survey included responses from more than 900 executives across the U.S., U.K. and China.

Feb 09, 2016 08:00 am ET

Silicon Valley Bank and MasterCard Announce the Latest Class of Commerce.Innovated. Accelerator

SANTA CLARA, Calif., Feb. 9, 2016 /PRNewswire/ -- Silicon Valley Bank and MasterCard have selected four startups to participate in the fourth class of Commerce.Innovated., a virtual accelerator designed to help commerce startups grow their businesses. From mobile lending to instant authentication and identity checks, the new class is developing innovative solutions for businesses in the digital age. As part of Commerce.Innovated., the four startups will go through the four-month virtual program that provides resources to help refine and enhance their business ideas through access to operatio

Jan 21, 2016 11:00 am ET

Silicon Valley Bank Predicts 2016 Decline in Wine Consumption after Decades of Growth

ST. HELENA, Calif., Jan. 21, 2016 /PRNewswire/ -- Silicon Valley Bank (SVB) released its annual State of the Wine Industry Report today. Silicon Valley Bank offers financial services and strategic advice to more than 300 premium vineyards and wineries on the West Coast. The 15th annual State of the Wine Industry report combines SVB's expertise in the U.S. wine business with proprietary research to deliver forecasts and predictions for the year ahead in wine.

Sours: https://m.insidertracking.com/company-news?ticker=SIVB
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SVB Financial Group (SIVB) Q2 2021 Earnings Call Transcript

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Image source: The Motley Fool.

SVB Financial Group(NASDAQ:SIVB)
Q2 2021 Earnings Call
Jul 22, 2021, 6:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by. Welcome to the SVB Financial Group Q2 2021 Earnings Conference Call. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your first speaker today, Meghan O'Leary, Head of Investor Relations. Thank you. Please go ahead.

Meghan O'Leary -- Head of Investor Relations

Thank you everyone for joining us today. Our President and CEO, Greg Becker; and our CFO, Dan Beck are here to talk about our second quarter 2021 financial results and will be joined by other members of our management team for the Q&A. Our current earnings release, highlight slides and CEO letter have been filed with the SEC and are available on the Investor Relations section of our website.

We'll be making forward-looking statements during this call, and actual results may differ materially. We encourage you to review the disclaimer in our earnings release dealing with forward-looking information, which applies equally to statements made in this call. In addition, some of our discussion may include references to non-GAAP financial measures. Information about those measures including reconciliation to GAAP measures may be found in our SEC filings and in our earnings release.

And now I will turn the call over to our President and CEO, Greg Becker.

Greg Becker -- President and Chief Executive Officer

Thanks, Meghan, and thank you all for joining us today. As you can see from our earnings announcement and slides which we filed a few hours ago, we had another quarter of exceptional growth and profitability marked by continuing trends of outstanding balance sheet growth, strong net interest income, robust fee and market related income and solid credit. As a result of our outperformance, we once again increased our 2021 growth outlook. We were also thrilled to close our Boston Private acquisition on July 1st, and I'm sure you have lots of questions about that.

In the meantime, we try to make modeling a little easier for all of you, we've included a high level breakout of our expectations for the incremental impact on our 2021 outlook. When we start talking about our 2022 outlook next quarter, we'll wrap those impacts into our overall outlook as we've always done with our private bank. And now as is our practice, we'll go right into Q&A and I'll ask the operator to open up the lines for questions.

Questions and Answers:

Operator

Thank you, sir. [Operator Instructions] Our first question is from the line of Steven Alexopoulos with JPMorgan. Your line is open.

Steven Alexopoulos -- JPMorgan -- Analyst

Hi, everybody.

Greg Becker -- President and Chief Executive Officer

Hey, Steve.

Steven Alexopoulos -- JPMorgan -- Analyst

Greg, I wanted to start with a big picture view, in all of the years you've been doing this, have you ever seen the business this strong even dating back to the pre-dotcom period?

Greg Becker -- President and Chief Executive Officer

Well, so the straight answer is no. And, but Steve, we -- you and I've talked about this a lot over the years, which goes back to the basis of our business and what our focus is. So being exclusively focused on technology and life sciences, and we've always said that market is what we believe is the best market to be into.

And especially during the pandemic, what we thought was going to be an issue ended up being, really being a catalyst for growth in the innovation economy, it slowed down for a brief period of time. And then when there really weren't a lot of other alternatives from an investment perspective, money really flowed into the market that was incredibly strong for the second half of 2020 and clearly, as you can see for the first half of 2021, it has been exceptional. But really technology and healthcare are really taking over really the growth from my standpoint from a global perspective and a lot of people are investing in that and we're benefiting from that.

Steven Alexopoulos -- JPMorgan -- Analyst

Okay, that's helpful. If we look at the growth in total client funds, how should we think about this, like how much is coming from new customers? We know new customers continue to go up each quarter, and how much is just larger rounds and IPO proceeds, and basically is the off-balance sheet just becoming a parking lot for IPO proceeds basically?

Greg Becker -- President and Chief Executive Officer

Yeah, let me -- Steve, I'll start and I think certainly, Mike may want to add to it, but the growth in funds has actually been pretty balanced. So the IPO market and public market activity has been more of a catalyst and it has been because it obviously picked up in the second or in the second quarter. So that's a percentage, but it's not a huge percentage. Most of the growth has come from new financings from existing clients. And then clearly, given that we added 1,700 new clients in the quarter, at the early stage mostly that adds to it, but the biggest driver is coming from existing clients raising increasingly larger rounds of financing.

Steven Alexopoulos -- JPMorgan -- Analyst

Okay, perfect, that's really helpful.

Michael Descheneaux -- President, Silicon Valley Bank

Maybe...

Steven Alexopoulos -- JPMorgan -- Analyst

Go ahead, Mike [Phonetic].

Michael Descheneaux -- President, Silicon Valley Bank

Steve, maybe I'll just add a little bit of color to what Greg is saying. When you think about like new clients, go back to our new client acquisition engine, I mean it's -- it's one of the best, obviously it is the best out there, and this quarter we hit record quarters as well too in terms of new client acquisition. Now the thing to keep in mind, a lot of those are new, new, and so it takes a couple of months for the math that really [Phonetic] to start to ramp up their deposit flow taking.

So think about it is like an engine that you start to seed it here and then that gives good flow, whether it's three months, four months, five months, six months down the road, and then going back to what Greg was talking about earlier on in terms of this unprecedented flow of activities, when you're seeing again as you know the dry powder is just sensational, but what you're also seeing is people crossing over and more going into the BC, they're seeing the great returns, you see the SPAC [Phonetic] phenomenon as well, those that starting to pick back up again, I know it dropped down in April, and you have non-traditional investors, the corporate venturing ones, the sovereign wealth funds, there's just a lot of funds going in.

And going back to what Greg is saying as well too is, this acceleration phenomenon because of COVID, you have a lot of good ideas and business models that are being formed, you have a lot of good talent that's been attracted to the market. So no doubt the tailwinds are incredibly strong here right now.

Greg Becker -- President and Chief Executive Officer

Okay. You had a second part to your question, Steve, which is where is it going. And when you have such a low rate environment and you will recall this just from not too long ago when rates were back at a very, very low level, you have this -- because there's really nothing or very little yield you can get off-balance sheet, you end up in the spot where it's kind of split between on and off-balance sheet, and it's about 50-50 and it was that way not that long ago. And when rates start to pick up, more of that starts to move off-balance sheet, but right now and again for the foreseeable future, we're going to be in this low rate environment. So I think it's a good gauge to expect where they're going to be.

Steven Alexopoulos -- JPMorgan -- Analyst

Yeah. Greg, just a final question on that point, why has the -- and maybe this is for Dan, why is the expected fee income benefit from higher rates picked up so much on the off-balance sheet compared to last quarter, it looks like it's almost double? Thanks.

Daniel Beck -- Chief Financial Officer

Yeah, let me...

Greg Becker -- President and Chief Executive Officer

Dan, you maybe go ahead, yes.

Daniel Beck -- Chief Financial Officer

Yeah, go ahead in time [Phonetic]. So Steve, if you take a step back and think about what's been happening, repo rates have actually been negative throughout the quarter, and as a result, that's been eating some of the existing spread and the off-balance sheet client funds. So one positive development during the quarter is that the interest on excess reserves has increased. So we should see a small improvement going into next quarter and at least a bottoming of the reduction in margin and client fund fee income. So that's the driver and I think we've hit the bottom.

Steven Alexopoulos -- JPMorgan -- Analyst

Okay, great, thanks for taking my questions.

Greg Becker -- President and Chief Executive Officer

Yeah.

Operator

The next question is from the line of Ebrahim Poonawala with Bank of America. Your line is open.

Ebrahim Poonawala -- Bank of America -- Analyst

Good afternoon. I guess, Dan, just to round out Steve's question on the off-balance sheet deposits, you mentioned the 9 bps to 11 bps slides for the first 25 basis points hike, is that at this point contractual where we should expect that if rates go up, the first 9 bps or 11 bps reset will happen immediately?

Daniel Beck -- Chief Financial Officer

Yeah, that's a structure of those products. We -- it depends on the competitive situation, there may be some blend where you give up a basis point or so, but contractually once we get that 25 basis points that spreads to return.

Ebrahim Poonawala -- Bank of America -- Analyst

Got it. And I guess throughout your letter, Greg and in the slide deck, you talk about accelerated investments. I was wondering if you can give a little bit more color around these investments and payoffs, both in terms of what you're seeing at Leerink and building out the investment bank there and then in terms of your plans with Boston Private over the next year?

Greg Becker -- President and Chief Executive Officer

Yeah, Ebrahim, I'll jump in on that. What we tried to do is described on Slide 12 just a breakdown of all the different areas where we see investments, and so it's a pretty broad portfolio. You asked specifically about two areas, one is investment banking, and so I would say a couple of things about that. One is the existing business is doing exceptionally well. They're moving up the lead tables [Phonetic], they're getting incredible accolades, and I would say they're definitely a world-class investment bank in the life sciences area.

And we basically said, we and we've said this from the day that we brought Leerink on to the platform that we didn't want to just stay in healthcare, we wanted to actually build it out across other areas, healthcare services and healthtech, which we brought Barry Blake and a bunch of other people, and again building out healthcare services into a world-class team. And now and I've said this many times over the last 12 months, building out our technology investment banking side. So we're, I would say expect to hear announcements from us formally in middle of August, around the middle of August to give you a lot more clarity on that, but there is no question, we believe this is a big opportunity.

And it really stems from the core business which is the commercial bank and how deep those relationships are, the market share that we have, the relationships we have with those clients, and it's just a natural fit to then leverage into technology investment banking. So, and that's going to be broad. It's going to be sponsor finance being a big driver of it. It's going to be traditional M&A. It's also going to be ECM. So we expect all those businesses to be built out and be built out later this year.

Now from a return perspective, we expect that we're going to be continuing to make money this year on investment banking. And next year as revenues start to pick back up or pick up from both our core business, the healthcare business, technology and healthcare services that we would expect that to see very nice growth. What could it look like, I think we would expect, although it's early that on the low end maybe roughly $100 million of additional revenue from the new initiatives up to maybe $150 million. But again, it's very early and the market is really going to dictate that along with how fast the teams get up to speed, but more to come on the investment banking side.

Your second question was on private banking. And I just go back to the slide that really is about our strategy and that's really on Slide 11, which really lays out where we're headed as a company and how important that is. And on 11, you can see that again the strength of Silicon Valley Bank is really the catalyst to then take clients in the directions [Phonetic] to the private bank, to Leerink and to SVB Capital. And in the private bank with the closing of Boston Private, you've dramatically upsized what our capabilities are. So we were just having a conversation today at our Board meeting, where really we had the entire product set, now the entire product set to take care of our clients and it's the first time in our history.

So we expect nice growth in that business, that growth is built into our forecast for the balance of '21. And next quarter as we always do, we'll then take those forecasts and then start to give you a first-hand look and what we expect in 2022. So more to come in the next 90 days, Ebrahim.

Ebrahim Poonawala -- Bank of America -- Analyst

Got it. And just one quick one on the NASDAQ Private Market investment. Is that a client acquisition tool or is that one way you further enhance your relationship with the existing clients, I'm just wondering the thought process around that investment?

Greg Becker -- President and Chief Executive Officer

Yeah, they're both true, but if you were to say what's the primary driver, the primary driver is helping the commercial banking clients, that's the primary driver. We said this all along, we want to be the one-stop shop. We want to be able to take care of our clients' needs, no matter what those are. And when you think about the length of time companies are staying private, they're staying private longer, but one of the catalysts to allow companies to stay private longer is making sure that employees and investors have liquidity, have access to liquidity, and we believe NASDAQ Private Market and this consortium it's being built is going to be a great solution for that. So very excited to be it to be a solution for our clients.

And as we've laid out in some of the other investments that we've made, we've kind of highlighted other groups that will benefit, so the private bank will benefit because they're going to have more liquidity being generated from these individuals who are clients of ours, that will be Leerink, we'll be able to provide investors to that platform, who will then look to purchase the stock of the private companies who are looking to sell or the individuals. So again, we believe it's for our clients, but it services the whole platform.

Ebrahim Poonawala -- Bank of America -- Analyst

Got it. Thanks for taking my questions.

Greg Becker -- President and Chief Executive Officer

Yeah.

Operator

The next question is from the line of Ken Zerbe with Morgan Stanley. Your line is open.

Kenneth Zerbe -- Morgan Stanley -- Analyst

Hi, great, thank you.

Greg Becker -- President and Chief Executive Officer

Hi, Ken.

Kenneth Zerbe -- Morgan Stanley -- Analyst

Maybe start off -- good morning or good evening. Maybe start off with the guidance, say in terms of the expenses, I think you're now looking for a mid-30s growth rate. I haven't run all the numbers quite yet, but it feels like the jump up in expenses or the expense outlook seems a little higher than the revenue increases like the NII and the core fee increases. Is it -- was that intentional in terms of like are you -- I'm just trying to figure out like there is like additional investments being made beyond what you originally thought maybe three months ago?

Greg Becker -- President and Chief Executive Officer

So I'll start, Ken and then I know Dan will get into a lot more, a lot more detail. What I would look at is the pre-integration of Boston Private, and so one of the things that we did as I said in my opening comments is breaking the expenses down into two different areas. And so part of this is incentive compensation, so for paying for performance, part of this relates to investing in the business. And so those are the two biggest things, and the third one is the investment we're making in investment banking and we expect to make an investment banking specifically in the technology investment banking area. So that's how I would break it down. We tried to give that detail on Slide 33, where you kind of have those different sections, but to give you more details, I'll turn it over to Dan.

Daniel Beck -- Chief Financial Officer

Yeah, Ken, generally speaking, it should be pretty close to offsetting. If you look at our annual guidance, we increased that outlook by 10% and that excludes Boston Private and those integration costs, and Greg and I went through where those areas are, but there's clearly a lot going on in expenses. And for this quarter, we're going to at least give a little bit more detail on Q3 and Q4 just so everybody is on the same page. So in Q3, our expenses will likely be in a range of $725 million to $750 million, and that includes Boston Private, but excludes the restructuring charges, and that will drop back into the $720 million to $740 million range in Q4, again, including Boston Private and excluding the restructuring.

Q3 is going to be elevated because that's the quarter that we expect to recognize a significant amount of the tech investment banking team hire. So that at least should give you a sense of where that run rate is, Q3 and Q4. When we look at the integration and the integration of restructuring costs, we think that's going to be roughly about $100 million pre-tax in 2021 with roughly 80% to 90% of that coming through in Q3. But back to your original question, largely speaking, excluding the restructuring costs, we should come pretty close to offsetting the increase in the investment within the guidance.

Kenneth Zerbe -- Morgan Stanley -- Analyst

Got it, understood, OK. And the revenue or the associated revenue of the technology investment banking piece, is that also in these numbers or does that really start to pick up more next year?

Greg Becker -- President and Chief Executive Officer

There is a little bit, Ken, in the expectations for the second half of the year, but it's a de minimis number. So if it comes, if it happens, it will be upside, which is a possibility in the second half of the year. But again, if all things play out, the team will be hitting the ground in August and then we've got work to do to start to generate revenue. And so that's why I tried to give some idea of a range, and this is a very high level range of what 2022 could look like from a generation from both technology investment banking and healthcare services investment banking revenue.

Kenneth Zerbe -- Morgan Stanley -- Analyst

Got it, OK. And then if I could just ask one final question, in terms of securities, in terms of, obviously, I saw you added, I don't know $18 billion more to your securities portfolio this quarter, can you just talk about like what you're investing in, is it including duration of that, I'm just wondering how it splits out? Thank you.

Daniel Beck -- Chief Financial Officer

Yeah. So the vast majority of what we're adding, we're adding agency issued mortgage-backs, commercial mortgage-backed securities as well as some municipal bonds in the quarter. We added a small amount of corporate as well. So generally speaking, that's where we're adding, duration wise in the quarter, we spent most of the time adding out and that can afford a five-year duration in those products. So that -- that's where you're seeing the pick up at least in the yield and we also had a good quarter just in the acquisition and municipal bonds.

When we're acquiring, we've put about $2 billion to work in the available-for-sale portfolio or buying much shorter-dated treasury securities. So obviously not picking up a ton there from a yield perspective. We're just making sure that we're continuing to build out that high -- highly liquid part of the investment securities book. But all-in, looking ahead, Ken, when we put money to work, we think that purchase yield on an all-in basis will be kind of 1.20% to 1.30% based on today's environment with a substantial or the vast majority of the purchases we're making in our held-to-maturity. So think that three-year to five-year duration just based on today's rates.

Kenneth Zerbe -- Morgan Stanley -- Analyst

All right, perfect. Thank you very much.

Daniel Beck -- Chief Financial Officer

Thanks, Ken.

Operator

The next question is from Jennifer Demba with Truist Securities. Your line is open.

Jennifer Demba -- Truist Securities -- Analyst

Thank you. Good evening.

Greg Becker -- President and Chief Executive Officer

Hi, Jennifer.

Jennifer Demba -- Truist Securities -- Analyst

Congratulations on a great -- hi, congratulations on a great quarter. My question is on Boston Private. Greg, can you remind us of the retention packages you may put in place for key employees there, just want to make sure that, that operation can hit the ground running when you guys wanted to?

Greg Becker -- President and Chief Executive Officer

Yeah, yeah, yeah. So it's a great question. We did have retention packages putting in place and it was in the, I'll call it $30 million to $40 million range, but there is also -- there is many ways to think about retention. So one is rolling over the incentive options and things like that, that are part of that, that continue to invest and where would be in the money given the appreciation in the stock price, the other retention. And the third part is again the reason for the acquisition of Boston Private as we've said many times, it wasn't about cost savings as the primary objective or even a secondary objective. It was building on what they had and adding it to what we had in our private bank to kind of build something unique.

And so when you -- if you were to sit down and talk to the employees that are coming over, they want to be part of this platform. There is a high level of excitement. I think the number that I saw I think from a employee retention perspective so far, I think it was 98% coming over. So we feel really good about it. And I even feel better about it as we closed and we're getting together and talking and spending more time together and engaging clients very optimistic that our cultures fit, the people are feeling good and that we're going to keep this talented group of people on both our private bank that existed before and Boston Private together for the long run.

Jennifer Demba -- Truist Securities -- Analyst

Greg, is there any scenario where you could see more another bank acquisition to -- for SVB, is there something else that could fit for you?

Greg Becker -- President and Chief Executive Officer

Jennifer, that we've -- I didn't think there was one to start with. We talked about that over the years. So the fact that Boston Private was something that we had talked about for many, many years and it came true. That's one of a -- maybe the only one that could fit. So you never say never, but it is incredibly unlikely and certainly not anything in the short run. If we were to do additional things over time that would be inorganic, that could be around the private bank where it's looking at some RIAs, but I would look at those almost more as aqua [Phonetic] hires as opposed to anything material. We feel really good about the platform we have right now in all four businesses and so that just isn't likely. And the final point is when you look at our core business and the growth that we have, acquisitions at least right now don't need to be a key part of our growth. I think we're doing OK on our own.

Jennifer Demba -- Truist Securities -- Analyst

Thanks so much.

Greg Becker -- President and Chief Executive Officer

Yeah, absolutely.

Operator

The next question is from Bill Carcache with Wolfe Research. Your line is open.

Bill Carcache -- Wolfe Research -- Analyst

Hi, thank you. I wanted to ask if you guys could give a little bit of additional color on some of the biggest changes you expect to face when you eventually become a Category III Bank?

Greg Becker -- President and Chief Executive Officer

Yeah, I'll start at a high level and I know, Dan, for sure, want to add some commentary on it. When you head to a Category III, Dan will get into the capital and the liquidity and what are the requirements around that, but I just would say overall, the bar is raised across all facets, facets of risk controls, and we -- and this isn't -- this isn't a surprise to us. We certainly expected to be crossing LFI status. We had working groups and plans that we're building around that.

Now it became faster than we expected at the end, but we are certainly preparing for it, but the two biggest areas that we need to be ready for and are getting ready for and working hard at it is in just overall risk and controls. Dan, do you want to add more context to that specifically in our liquidity and capital?

Daniel Beck -- Chief Financial Officer

Yeah, the -- you picked the two areas, Greg, that will be the focus under both Level 4 and Level 3. Under Level 3 will be exposed to stress testing in the supervisory assessment on an annualized basis. But I think you're looking at the other requirements, but the liquidity requirements and having to be able to process liquidity ratios on a daily basis and the systems required for that are going to be a big part of the effort on a go-forward basis.

As I step back and I just look at the fundamental financial ratios over time, we'll come to grips with 100% of what they look like, but looking at our balance sheet and looking at our capital structure, I don't see significant changes and the liquidity that we hold and the securities that we hold, I think we'll go to service a long way as a Category IV and a Category III institution going forward. So I think the majority of the lift is around risk, risk practices, systems and things along those lines. And we've embedded those costs in our guidance here when we look at where we are in 2021.

Bill Carcache -- Wolfe Research -- Analyst

That's very helpful. Thank you. And last one for me, my other questions were covered up, but can you speak to how you guys have positioned the securities portfolio, how are you thinking about incremental hedges and just overall positioning for whatever ultimately direction rates end up taking?

Daniel Beck -- Chief Financial Officer

Yeah, so it's Dan. I think as we look at the investment securities portfolio, a much bigger part of the bank's balance sheet today than it was 12 months ago. We've been positioning and really haven't changed the thought about it since last quarter to continue to buy excess liquidity in safe agency mortgage-backs, CMBS and municipal bonds and that let's call it for three-year or five-year duration and to continue to invest in treasury -- shorter treasury securities and shorter securities and available for sale that allows for us to continue to put money to work and as good of a yield as we can possibly get and at the same time protect the available-for-sales portfolio and the OTI risk there from a capital perspective.

So that's really the strategy that's going to translate at least based on how rates look today at purchases in the, let's call it 1.20% to 1.30% perspective for the remainder of the year. But let's hope to see that we see some improvement in rates from here, but at today's rates we think 1.20% to 1.30% makes sense.

Bill Carcache -- Wolfe Research -- Analyst

Thank you for taking my questions.

Operator

The next question is from the line of Chris McGratty with KBW. Your line is open.

Christopher McGratty -- Keefe, Bruyette & Woods, North America -- Analyst

Greg, good afternoon.

Greg Becker -- President and Chief Executive Officer

Hey, Chris.

Christopher McGratty -- Keefe, Bruyette & Woods, North America -- Analyst

I'm looking -- Greg, I'm looking at Slide 13 just on Boston Private, come back that for a moment, yeah, appreciating the deal was certainly more strategic than financial. You referenced the $400 billion opportunity over time in the market. I guess I'm interested, I covered Boston Private for years and one of the challenges was flows. I'm just, I'm kind of interested in how your rolodex of customers can help turn that tide and perhaps bring that revenue recognition sooner? Thanks.

Greg Becker -- President and Chief Executive Officer

Yeah, it's a great question, Chris. We spent a lot of time on that as we did our evaluation. And one of the things that I look at that, Anthony and his team and all the people he brought on board plus the existing team, to me it wasn't a question of capabilities. It was actually, as you said, it's a question of where you're going after, what is your target market. And as I think about Boston Private, their target market generally speaking was the same target market that most traditional private banking groups were going after and that's a competitive space.

What we bring to the table is a wealth creation group of individuals that is like no other one. And when you take care of them at a very early time in their wealth creation cycle and you add value to them and you spend time understanding specifically what they need, we believe we're going to be able to add a lot of deal flow to the wealth team and the private banking team that exists now in the combined teams. So that's what we have to prove out.

I would tell you, we did a lot of research. We talked to a lot of our clients on what they were looking for, and there was definitely a very high receptivity to it and now we have to prove that out. But even though it's been early, it's only been a few weeks, I would tell you the energy, the excitement and the quality of people that are on board and part of this combined private bank, I'm very bullish on. So that -- that was the investment thesis or the acquisition thesis, and it's up to us now prove it out.

Christopher McGratty -- Keefe, Bruyette & Woods, North America -- Analyst

That's great color. Thanks, Greg.

Greg Becker -- President and Chief Executive Officer

Yeah.

Operator

[Operator Instructions] Our next question is from the line of John Pancari with Evercore ISI. Your line is open.

John Pancari -- Evercore ISI -- Analyst

Good afternoon.

Greg Becker -- President and Chief Executive Officer

Hey, John.

John Pancari -- Evercore ISI -- Analyst

Just on the -- one quick clarification, on your tech investment banking announcements that -- that's expected, just to confirm that -- that's organic right in terms of hiring or team hiring or primarily organic, not talking about an acquisition?

Greg Becker -- President and Chief Executive Officer

Yeah, it's all people, it will all be people.

John Pancari -- Evercore ISI -- Analyst

Okay, got it, OK. Just wanted to confirm. And then secondly, this a little bit higher level, but want to get your thoughts on the impact to your bank to your business more specifically from an inflationary environment, we saw inflation expectations ratchet higher earlier on in the quarter and tech sector took a hit and your stock took a hit with it in general and the questions came in about how SVB would be impacted, aside from a positive from a higher rate environment and potential Fed action given your asset sensitivity, can you discuss your view of what the negatives would be to your business in an inflationary environment, would the biggest negatives be the impact of loan growth from the pullback in business volume in the tech sector or would it be -- would warrant gains be a bigger factor or credit, so wanted to get your take on that?

Greg Becker -- President and Chief Executive Officer

So, John, it's -- I appreciate the question, but I also don't want to dismiss the first part, the positive part of the question, which is we would benefit significantly from increasing rates, and we've got several slides in the deck that actually show the net interest income expansion, as well as the fee-based expansion because of the size of the portfolio and additional basis points we would get on those funds.

So I don't want to move past that too quickly. But where could they be -- there be risk, to me one of the areas in securities and warrants, you could see risk there. You could see a slowdown in the pace of investment, which has been very, very, very rapid as people start to think there may be an alternative to investing in high growth stocks. Here's why I think it could happen, but at least I think the benefits are going to greatly outweigh the negatives. I think one of the things that this last 18 months have showed is that again, I repeat this many times, the innovation space is the place to be.

And although when you look at the number, the amount of money that's going into venture capital this year over $180 billion in the first half, it is a massive number and it's a big number compared to where it has been. So when you think about that number relative to the global market and funds flows, right, it's still a small number. So I still believe that while there will be bumps along the way that the venture capital and funds flow and the innovation is still going to be up into the right, and as we get bigger, we can support companies longer and that target market, that available market will only get bigger and it's only getting bigger.

And so the second part that is on the warrants and securities gains and things like that, and as we've said, I mean that's a volatile number, you do have to pay attention to IPOs, you do have to pay attention to M&A, but actually I think if you saw IPO start to slow down, I believe you're going to start to see more M&A. And so what's nice about having a business that on the investment banking side that does both M&A and ECM is that if ECM starts to be slow, M&A hopefully will pick up or we expect it to pick up.

So, I mean those are things to pay attention to, but I don't believe they'll be as significant, if it's just in some level of inflation. And I guess I'm going to get my final, my bias, which is if we do see inflation, I actually think it's going to be modest. I don't think it's going to be something that would be a fundamental change that would cause the market to get overly spooked. But again something to pay attention to and that's just my own opinion.

John Pancari -- Evercore ISI -- Analyst

No, it's very helpful, Greg. Thank you. And then lastly, your capital call portfolio, I know originally it was heavily concentrated in tech and life science, but it's become much more diversified as you -- as you've grown I believe by industry. Can you just update us on that just generally, the industry concentrations within the portfolio or just some way to help us with the diversification?

Greg Becker -- President and Chief Executive Officer

Yeah, I'll go on and give credit to our Investor Relations team, Meghan and Anna, because the information is included in the deck, and I wouldn't expect you going through it so quickly. But I would take a look at Slide 44, we actually break that down into great detail. So by industry, technology is roughly 36%, and you work your away around the next largest one is would be debt funds and then you have life sciences, consumer. So it's a very broad swath of industry segments that we're part of. And a part of it is because the LPs are similar that it go after this market, and the team has done such a great job in approaching the market, strengthening credit underwriting, adding more value, and that's really been a great fuel of growth.

John Pancari -- Evercore ISI -- Analyst

Yeah, thanks for clarifying that, sorry. The -- and then one last one on that, what is that mix, what was the technology mix, let's go with like five years ago, 36% current, what was it five years ago?

Greg Becker -- President and Chief Executive Officer

No, I don't -- I don't have that off the top of my head. But if I were to speculate, I'd probably say you were probably closer to 45% or maybe 50%.

John Pancari -- Evercore ISI -- Analyst

Okay, all right. Thank you for taking my questions. Appreciate it.

Greg Becker -- President and Chief Executive Officer

Absolutely. Have a great day.

Operator

The last question is from the line of David Chiaverini with Wedbush Securities. Your line is open.

David Chiaverini -- Wedbush Securities -- Analyst

Hi, thanks. I had a question on capital. Can you comment on the pro forma impact on your leverage ratio from the Boston Private acquisition? And as a follow up, could you comment on your capital raising needs in light of your strong growth?

Daniel Beck -- Chief Financial Officer

Yeah, this is Dan. I'll start with the second question first and then get to Boston Private's impact. So when we think about capital, we really think about two things and one you saw it in the quarter just a continued strong profitability that we're generating north of 20% from an ROE perspective. So we're certainly with the strong growth clearing that cost of capital, and second support strong balance sheet growth going forward. This exceptional growth that we've seen over the last three quarters to four quarters continues to put pressure on the ratio that we pay attention to the most, which is our Tier 1 leverage ratio at the bank.

If you think about it, holding our client liquidity for us is absolutely key. We've been talking about it all day about the profitability and the growth for us to deepen with our clients, holding those deposits is really the key to our long-term profitability. So in the quarter from a capital markets transaction perspective, we raised additional capital through preferred and senior debt and that really help support that Tier 1 leverage ratio. So the markets have been open to us, and those transactions have been providing very low cost of regulatory capital to allow us to continue that excellent growth.

So overall, we're really confident with our capital ratios. The risk-based measures, 12% at the quarter-end are in really good shape. And considering the substantial liquidity and low risk securities that we have on the balance sheet, we're really confident with the capital levels overall. That said, we're a growth company and if growth continues at the pace or rate that we've seen over the last four quarters, all options will be open to us. We think that would be a good thing that, that growth continues, and we do what we need to do to support that growth.

On to your second question on Boston Private, we determined at the deal that it was an accretive transaction from a capital perspective and it is playing out that way. It is going to provide not a significant amount of support, but it is going to be accretive to Tier 1 leverage, as well as to the core capital ratio based on their capitalization and ultimately where the purchase accounting played out. So it'll be a small improvement slightly accretive to the overall capital position.

David Chiaverini -- Wedbush Securities -- Analyst

Great, thanks very much.

Operator

And that concludes the Q&A session. I will now turn the call back to Greg Becker for closing remarks.

Greg Becker -- President and Chief Executive Officer

Thanks, Paul. Just want to thank everyone for joining us today. We're obviously pleased with our results and even more pleased to welcome our new colleagues from Boston Private to SVB. Private banking and wealth management is obviously a critical area of focus for us. One of the four key pillars of our strategy along with commercial banking, investment banking and SVB Capital. And we certainly believe that what you're going to hear more and more about on a quarterly basis is how we pull all four of these pillars together to build an incredible story for our clients.

We're focused on strong execution to being the best partner possible to our clients, while doing the right thing for our employees. And that really informs how we're approaching our return to office and the future of work at SVB with thinking about our client, our employees and making sure they're safe and taking care of them. So we're doing return to office trials right now, and the future work at SVB is going to be one that is going to be flexible.

We've listened to our employees, we've listened to our clients and we believe that a flexible work environment is going to be the best thing for them and the best for our clients and quite honestly be a competitive advantage for us. As always, I want to call out and thank our incredible team. I'm so proud of what they've done, how they've done it, doing it virtually for the last 18 months and it looks like a few more months to go, and for our amazing clients for giving us a great reason to come to work every day albeit virtually. Thanks a lot, and have a great day.

Operator

[Operator Closing Remarks]

Duration: 45 minutes

Call participants:

Meghan O'Leary -- Head of Investor Relations

Greg Becker -- President and Chief Executive Officer

Michael Descheneaux -- President, Silicon Valley Bank

Daniel Beck -- Chief Financial Officer

Steven Alexopoulos -- JPMorgan -- Analyst

Ebrahim Poonawala -- Bank of America -- Analyst

Kenneth Zerbe -- Morgan Stanley -- Analyst

Jennifer Demba -- Truist Securities -- Analyst

Bill Carcache -- Wolfe Research -- Analyst

Christopher McGratty -- Keefe, Bruyette & Woods, North America -- Analyst

John Pancari -- Evercore ISI -- Analyst

David Chiaverini -- Wedbush Securities -- Analyst

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[SIVB stock] SVB Financial Group Q4 2020 Earnings Call (1/21/21)

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