SVB Financial Group Q3 2022 Results: EPS Beats Expectations, Revenue Lags


SVB Financial Group (NASDAQ:SIVB) Third Quarter 2022 Results

Main financial results

  • Revenue: $1.49 billion (down 1.2% from Q3 2021).
  • Net income: 429.0m USD (up 18% compared to 3Q 2021).
  • Profit margin: 29% (compared to 24% in the 3rd quarter of 2021).
    • The increase in the margin is explained by the decrease in expenses.
  • EPS: 7.26 USD (compared to 6.32 USD in the 3rd quarter of 2021).
NasdaqGS: SIVB Earnings and Revenue Growth October 22, 2022

All figures shown in the table above are for the 12 month period (TTM)

SVB Financial Group EPS beats expectations, revenue falls short

Revenue beat analysts’ estimates by 5.3%. Earnings per share (EPS) beat analysts’ estimates by 1.6%.

Looking ahead, revenue is expected to grow by an average of 6.3% per year over the next 3 years, compared to a growth forecast of 6.5% for the banking sector in the United States.

Performance of the US banking industry.

Shares of the company are down 28% from a week ago.

Balance sheet analysis

Just as investors should consider earnings, it is also important to consider the strength of a company’s balance sheet. See our latest analysis on the health of SVB Groupe Financier’s balance sheet.

Valuation is complex, but we help make it simple.

Find out if SVB Financial Group is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.


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