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svb > Financial Group 3003 Tasman Drive , Santa Clara , CA 95054 www.svb.com For release at 1:00 P.M. ( Pacific Time ) April 22 , 2021 NASDAQ : SIVB Board of Directors declared a quarterly dividend on Series A and Series B Preferred Stock SANTA CLARA , Calif . - April 22 , 2021 - SVB Financial Group ( NASDAQ : SIVB ) today announced financial results for the first quarter ended March 31 , 2021 . Consolidated net income available to common stockholders for the first quarter of 2021 was $ 532.2 million , or $ 10.03 per diluted common share , compared to $ 388.3 million , or $ 7.40 per diluted common share , for the fourth quarter of 2020 and $ 132.3 million , or $ 2.55 per diluted common share , for the first quarter of 2020 . ● " We delivered our best quarter ever with exceptional balance sheet growth , earnings and profitability against a backdrop of continued robust liquidity for our clients and an improving economic outlook , " said Greg Becker , President and CEO of SVB Financial Group . " As a result of our strong performance , effective execution and remarkable momentum , we have substantially increased our growth expectations for 2021 and are leveraging the capital markets to support our momentum and continued investment in our business . " ● Exhibit 99.1 Contact : Meghan O'Leary Investor Relations ( 408 ) 654-6364 SVB FINANCIAL GROUP ANNOUNCES 2021 FIRST QUARTER FINANCIAL RESULTS Highlights of our first quarter 2021 results ( compared to fourth quarter 2020 , unless otherwise noted ) included : Average loans of $ 46.3 billion , an increase of $ 4.8 billion ( or 11.5 percent ) . Period - end loans of $ 47.7 billion , an increase of $ 2.5 billion ( or 5.5 percent ) . Average fixed income investment securities of $ 53.5 billion , an increase of $ 12.1 billion ( or 29.3 percent ) . Period - end fixed income investment securities of $ 67.2 billion , an increase of $ 19.6 billion ( or 41.4 percent ) . Average total client funds ( on - balance sheet deposits and off - balance sheet client investment funds ) increased $ 36.6 billion ( or 16.2 percent ) to $ 262.2 billion , which includes an increase in average on - balance sheet deposits of $ 18.2 billion ( or 19.7 percent ) . Period - end total client funds increased $ 45.0 billion ( or 18.5 percent ) to $ 288.0 billion , which includes an increase in period - end on - balance sheet deposits of $ 22.2 billion ( or 21.7 percent ) . Issuance of $ 500.0 million of 1.800 % Senior Notes due February 2031 . Issuance of $ 750.0 million in depositary shares representing an ownership interest in shares of Series B Preferred Stock . ● ● ● Issuance and sale of 2,000,000 shares of common stock at an offering price of $ 500.00 per share , which resulted in net proceeds of $ 972.0 million , with an additional issuance of 300,000 shares on April 14 , 2021 resulting in net proceeds of approximately $ 146.0 million . Net interest income ( fully taxable equivalent basis ) of $ 665.1 million , an increase of $ 68.6 million ( or 11.5 percent ) . Provision for credit losses was $ 18.7 million , compared to a net reduction of $ 38.4 million . Net loan charge - offs of $ 90.2 million , or 79 basis points of average total loans ( annualized ) , which includes an $ 80.0 million pre - tax charge - off related to potentially fraudulent activity perpetrated by a Global Fund Banking client , in connection with a loan transaction funded in early February 2021 , compared to $ 9.7 million , or 9 basis points . Net gains on investment securities of $ 167.1 million compared to $ 150.0 million . Non - GAAP net gains on investment securities , net of noncontrolling interests , were $ 142.0 million , compared to $ 104.1 million . ( See non - GAAP reconciliation under the section " Use of Non - GAAP Financial Measures . " ) Net gains on equity warrant assets of $ 221.7 million , compared to $ 143.8 million .