The bank has an outstanding warrant that gives it the ability to buy more than 400,000 shares of Class B common stock.
News & Analysis: SVB Financial Group
Despite the pandemic, the bank grew earnings in 2020 after record earnings in 2019 and looks poised for a strong year in 2021.
The parent of Silicon Valley Bank remains my top bank stock pick at the start of the new year.
SIVB earnings call for the period ending December 31, 2020.
The deal will help Silicon Valley Bank immediately scale its private banking and wealth management business.
With the usual rules upended this year, the banks that did the best offered something competitors couldn't match.
Sometimes the best stock to buy is one you already own. Silicon Valley Bank fits that description for me.
While much of the banking industry struggles to find commercial business and generate meaningful net interest income, Silicon Valley Bank is in a much different position.
The bank is one of the sector's top performers over the last decade, producing tremendous returns.
The bank just had its best quarter ever, and said venture capital firms have record levels of "dry powder," which is great for their business model.