SVB Financial Group Announces 14% Increase In Q4 Earnings

(RTTNews) - SVB Financial Group (SIVB) reported a profit for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $99.47 million, or $1.89 per share. This was higher than $87.51 million, or $1.68 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.79 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $410.11 million. This was up from $383.57 million last year.

SVB Financial Group earnings at a glance:

-Earnings (Q4): $99.47 Mln. vs. $87.51 Mln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q4): $1.89 vs. $1.68 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $1.79 -Revenue (Q4): $410.11 Mln vs. $383.57 Mln last year. -Revenue Change (Y-o-Y): 6.9%