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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 ) July 22 , 2021 NASDAQ : SIVB Board of Directors declared a quarterly dividend on Series A , Series B and Series C Preferred Stock SANTA CLARA , Calif . — July 22 , 2021 — SVB Financial Group ( NASDAQ : SIVB ) today announced financial results for the second quarter ended June 30 , 2021 . Exhibit 99.1 Consolidated net income available to common stockholders for the second quarter of 2021 was $ 502 million , or $ 9.09 per diluted common share , compared to $ 532 million , or $ 10.03 per diluted common share , for the first quarter of 2021 and $ 229 million , or $ 4.42 per diluted common share , for the second quarter of 2020. Consolidated net income available to common stockholders for the six months ended June 30 , 2021 was $ 1.0 billion , or $ 19.10 per diluted common share , compared to $ 361 million , or $ 6.97 per diluted common share , for the comparable 2020 period . ● Contact : Meghan O'Leary Investor Relations ( 408 ) 654-6364 " Thriving markets for our clients , an improving economy , and effective execution contributed to another quarter of exceptional performance and profitability , " said Greg Becker , President and CEO of SVB Financial Group . " Our excellent results and improved full year growth outlook underscore the importance of our continued focus on the innovation economy , and further validate our ongoing investments in employee enablement , client experience , and infras ructure enhancement to drive and support our growth . In addition , we are investing opportunistically , as we said we would in expanding our capabilities through private banking , wealth management , and investment banking , to meet the full range of our clients ' needs . The innovation economy offers tremendous opportunities for growth and we are focused on making the right decisions and investments now to benefit from that growth over the long - term . " ● SVB FINANCIAL GROUP ANNOUNCES 2021 SECOND QUARTER FINANCIAL RESULTS Highlights of our second quarter 2021 results ( compared to first quarter 2021 , unless otherwise noted ) included : Average loans of $ 49.8 billion , an increase of $ 3.5 billion ( or 7.6 percent ) . Period - end loans of $ 50.8 billion , an increase of $ 3.1 billion ( or 6.5 percent ) . Average fixed income investment securities of $ 72.3 billion , an increase of $ 18.7 billion ( or 35.0 percent ) . Period - end fixed income investment securities of $ 83.9 billion , an increase of $ 16.7 billion ( or 24.9 percent ) . Average total client funds ( on - balance sheet deposits and off - balance sheet client investment funds ) increased $ 45.9 billion ( or 17.5 percent ) to $ 308.1 billion , which includes an increase in average on - balance sheet deposits of $ 23.2 billion ( or 20.9 percent ) . Period - end total client funds increased $ 41.0 billion ( or 14.2 percent ) to $ 329.0 billion , which includes an increase in period - end on - balance sheet deposits of 21.7 billion ( or 17.5 percent ) . Issuance and sale of additional 300,000 shares of common stock on April 14 , 2021 , under the full exercise of the underwriters ' over - allotment option of our previous underwritten public offering in the first quarter of 2021 , resulting in additional net proceeds of approximately $ 146 million . Issuance of $ 1.0 billion in depositary shares representing an ownership interests in shares of Series C Preferred Stock resulting in net proceeds of approximately $ 988 million . Issuance of $ 500 million of 2.100 % Senior Notes due May 2028 . Net interest income ( fully taxable equivalent basis ) of $ 735 million , an increase of $ 70 million ( or 10.5 percent ) . Provision for credit losses was $ 35 million , compared to $ 19 million . ● ● Net loan charge - offs of $ 12 million , or 10 basis points of average total loans ( annualized ) compared to $ 90 million , or 79 basis points . The first quarter of 2021 included an $ 80 million pre - tax charge - off related to potentially fraudulent activity discussed in previous filings .