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Exhibit 99.1 svb > Financial Group 3003 Tasman Drive , Santa Clara , CA 95054 www.svb.com For release at 1:00 P.M. ( Pacific Time ) October 21 , 2021 NASDAQ : SIVB Contact : Meghan O'Leary Investor Relations IR@SVB.com ( 408 ) 654-6364 SVB FINANCIAL GROUP ANNOUNCES 2021 THIRD QUARTER FINANCIAL RESULTS - _ Board of Directors declared a quarterly dividend on Series A , Series B and Series C Preferred Stock SANTA CLARA , Calif . · October 21 , 2021 SVB Financial Group ( NASDAQ : SIVB ) today announced financial results for the third quarter ended September 30 , 2021 . Consolidated net income available to common stockholders for the third quarter of 2021 was $ 365 million , or $ 6.24 per diluted common share , compared to $ 502 million , or $ 9.09 per diluted common share , for the second quarter of 2021 and $ 442 million , or $ 8.47 per diluted common share , for the third quarter of 2020. Consolidated net income available to common stockholders for the nine months ended September 30 , 2021 was $ 1.4 billion , or $ 25.16 per diluted common share , compared to $ 803 million , or $ 15.46 per diluted common share , for the comparable 2020 period . Included in the consolidated net income available to common stockholders for the three and nine months ended September 30 , 2021 are merger - related charges of $ 83 million and $ 102 million , or $ 1.02 and $ 1.35 per diluted common share , respectively , as well as a $ 46 million day one provision on non - purchased credit deteriorated loans and unfunded credit commitments acquired from Boston Private , or $ 0.57 and $ 0.61 per diluted common share , respectively . " SVB's outstanding financial performance in the third quarter reflects the continued impact of exceptional client liquidity , expanding innovation markets , and effective execution across our business , " said Greg Becker , President and CEO of SVB Financial Group . " We delivered peer - leading growth and profitability even after adjusting for one- time costs related to the Boston Private acquisition . As we look out into 2022 , we expect continued strong growth against a backdrop of healthy markets , expanding business capabilities , and ongoing investments to further cement our position as the financial partner of choice for the global innovation economy . " Boston Private Financial Holdings , Inc. Acquisition On July 1 , 2021 we completed the acquisition of Boston Private Financial Holdings , Inc. ( " Boston Private " ) . Financial results for the third quarter ended September 30 , 2021 include the activities of Boston Private . The acquisition was completed for $ 1.2 billion in consideration , resulting in the issuance of 1,887,981 shares of SIVB common stock at $ 1.1 billion . Additionally , we recognized identifiable intangible assets of $ 104 million and goodwill of $ 201 million as a result of this acquisition . During the third quarter of 2021 , we recognized a $ 46 million day one allowance for non - purchased credit deteriorated ( " PCD " ) loans and unfunded credit commitments acquired from Boston Private and incurred $ 83 million of merger - related charges . Our full year 2021 and preliminary full year 2022 outlook reflects the acquisition of Boston Private and is included in this release under the section " Financial Outlook and Preliminary 2022 Outlook . " • Highlights of our third quarter 2021 results ( compared to second quarter 2021 , unless otherwise noted ) included : Average loans of $ 59.3 billion , an increase of $ 9.5 billion ( or 19.0 percent ) . Period - end loans of $ 61.5 billion , an increase of $ 10.7 billion ( or 21.1 percent ) ; includes $ 7.3 billion from Boston Private . Average fixed income investment securities of $ 93.8 billion , an increase of $ 21.5 billion ( or 29.8 percent ) . Period - end fixed income investment securities of $ 105.3 billion , an increase of $ 21.5 billion ( or 25.6 percent ) .