Silvergate Capital Corporation

SICP

US82837P4081

Banks

Market Closed - OTC Markets Other stock markets 03:41:19 2024-07-12 pm EDT			5-day change	1st Jan Change
0.42 ^USD	+1.20%		+2.44%	+40.00%

Jul. 01	Defunct Silvergate Bank's owner settles with regulators over compliance lapses	RE
Jul. 01	Silvergate Bank's owner settles with regulators to end liquidation probe	RE

Silvergate Capital Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022

January 17, 2023 at 06:26 am EST

Silvergate Capital Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 53.69 million compared to USD 38.21 million a year ago. Net loss was USD 1,047.23 million compared to net income of USD 21.39 million a year ago. Basic loss per share from continuing operations was USD 33.16 compared to basic earnings per share from continuing operations of USD 0.67 a year ago. Diluted loss per share from continuing operations was USD 33.16 compared to diluted earnings per share from continuing operations of USD 0.66 a year ago.
For the full year, net interest income was USD 255.62 million compared to USD 129.27 million a year ago. Net loss was USD 937.91 million compared to net income of USD 78.53 million a year ago. Basic loss per share from continuing operations was USD 30.07 compared to basic earnings per share from continuing operations of USD 2.95 a year ago. Diluted loss per share from continuing operations was USD 30.07 compared to diluted earnings per share from continuing operations of USD 2.91 a year ago.

Latest news about Silvergate Capital Corporation

Defunct Silvergate Bank's owner settles with regulators over compliance lapses	Jul. 01	RE
Silvergate Bank's owner settles with regulators to end liquidation probe	Jul. 01	RE
North American Morning Briefing : Stock Futures -2-	Jan. 16	DJ
Silvergate Capital fully repays deposit liabilities	Nov. 22	RE
North American Morning Briefing : Bank Earnings, -2-	23-10-17	DJ
What could break under higher-for-longer interest rates?	23-09-29	RE
EJF Investments blames Spring banking crisis as net asset value falls	23-09-08	AN
Silvergate Capital Corporation Announces Board Changes	23-08-28	CI
Silvergate Capital CEO Alan Lane to Exit as Crypto Bank Winds Down	23-08-15	DJ
What could break as interest rates rise?	23-06-29	RE
North American Morning Briefing : Stock Futures -2-	23-05-23	DJ
North American Morning Briefing : Retail Sales, -2-	23-05-16	DJ
Silvergate Suspended by NYSE, Job Cuts Announced	23-05-11	DJ
Silvergate Capital Stock Remains Halted as New York Stock Exchange Decides to Begin Delisting Proceedings	23-05-11	MT
North American Morning Briefing : China Data Sours -3-	23-05-09	DJ
Europe's banks convince - worries about US banks fade away	23-04-27	DP
I'll dance on your graves	23-04-21
Analysis-Crypto firms scramble for banking partners as willing lenders dwindle	23-04-19	RE
Obscure Lender Helps Shore Up Bank Balance Sheets; Consumers in China Resume Spending	23-04-19	DJ
North American Morning Briefing : China Data Helps -3-	23-04-18	DJ
Ethereum, the consequences of Shapella - Crypto Recap	23-04-14
North American Morning Briefing : Focus Turns to Inflation Data, Earnings	23-04-10	DJ
Binance's US arm struggles to find bank to take its customers' cash- WSJ	23-04-08	RE
Betting against First Republic, short sellers made $848 million in March - Ortex	23-04-04	RE
Exclusive-Massachusetts regulator probes First Republic insiders' stock sales	23-03-30	RE

Chart Silvergate Capital Corporation

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Company Profile

Silvergate Capital Corporation is a holding company for Silvergate Bank (the Bank). The Bank is a provider of financial infrastructure solutions and services for the digital currency industry. The Company's platform, known as the Silvergate Exchange Network, provides payments, lending and funding solutions for an expanding class of digital currency companies and investors. The Bank provides financial services that include commercial banking, commercial and residential real estate lending, mortgage warehouse lending, and commercial business lending. The Bank also provides a full range of deposit products and services. The Bank's Silvergate Exchange Network (SEN), which is a virtually instantaneous payment network for participants in the digital currency industry that serves as a platform for the development of additional products and services. The Company designed the SEN network of digital currency exchanges and digital currency investors that enables the movement of the United States.

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Analysis / Opinion

Silvergate to Wind Down Bank Operations

March 08, 2023 at 05:51 pm EST

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Sector Commercial Banks

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