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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest income:      
Loans $ 610,945us-gaap_InterestAndFeeIncomeLoansAndLeases $ 542,204us-gaap_InterestAndFeeIncomeLoansAndLeases $ 469,146us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities:      
Taxable 271,371us-gaap_InterestIncomeSecuritiesTaxable 180,162us-gaap_InterestIncomeSecuritiesTaxable 171,863us-gaap_InterestIncomeSecuritiesTaxable
Non-taxable 3,136us-gaap_InterestIncomeSecuritiesTaxExempt 3,201us-gaap_InterestIncomeSecuritiesTaxExempt 3,564us-gaap_InterestIncomeSecuritiesTaxExempt
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 6,464sivb_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellAndOtherShortTermInvestments 4,054sivb_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellAndOtherShortTermInvestments 4,145sivb_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellAndOtherShortTermInvestments
Total interest income 891,916us-gaap_InterestAndDividendIncomeOperating 729,621us-gaap_InterestAndDividendIncomeOperating 648,718us-gaap_InterestAndDividendIncomeOperating
Interest expense:      
Deposits 12,114us-gaap_InterestExpenseDeposits 9,128us-gaap_InterestExpenseDeposits 6,660us-gaap_InterestExpenseDeposits
Borrowings 23,207us-gaap_InterestExpenseBorrowings 23,149us-gaap_InterestExpenseBorrowings 24,194us-gaap_InterestExpenseBorrowings
Total interest expense 35,321us-gaap_InterestExpense 32,277us-gaap_InterestExpense 30,854us-gaap_InterestExpense
Net interest income 856,595us-gaap_InterestIncomeExpenseNet 697,344us-gaap_InterestIncomeExpenseNet 617,864us-gaap_InterestIncomeExpenseNet
Provision for loan losses 59,486us-gaap_ProvisionForLoanAndLeaseLosses 63,693us-gaap_ProvisionForLoanAndLeaseLosses 44,330us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan losses 797,109us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 633,651us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 573,534us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:      
Gains on investment securities, net 267,023sivb_GainLossOnInvestmentSecuritiesNetPretax 419,408sivb_GainLossOnInvestmentSecuritiesNetPretax 122,114sivb_GainLossOnInvestmentSecuritiesNetPretax
Foreign exchange fees 71,659sivb_ForeignExchangeFees 57,411sivb_ForeignExchangeFees 52,433sivb_ForeignExchangeFees
Gains on derivative instruments, net 96,845us-gaap_GainLossOnDerivativeInstrumentsNetPretax 42,184us-gaap_GainLossOnDerivativeInstrumentsNetPretax 18,679us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Deposit service charges 39,937us-gaap_FeesAndCommissionsDepositorAccounts 35,948us-gaap_FeesAndCommissionsDepositorAccounts 33,421us-gaap_FeesAndCommissionsDepositorAccounts
Credit card fees 41,792us-gaap_FeesAndCommissionsCreditCards 32,461us-gaap_FeesAndCommissionsCreditCards 24,809us-gaap_FeesAndCommissionsCreditCards
Lending related fees 25,711us-gaap_FeesAndCommissions 20,980us-gaap_FeesAndCommissions 18,038us-gaap_FeesAndCommissions
Letters of credit and standby letters of credit fees 15,649sivb_LetterOfCreditAndStandbyLetterOfCreditIncome 14,716sivb_LetterOfCreditAndStandbyLetterOfCreditIncome 15,150sivb_LetterOfCreditAndStandbyLetterOfCreditIncome
Client investment fees 14,883us-gaap_AssetManagementFees1 13,959us-gaap_AssetManagementFees1 14,539us-gaap_AssetManagementFees1
Other (1,260)us-gaap_NoninterestIncomeOtherOperatingIncome 36,139us-gaap_NoninterestIncomeOtherOperatingIncome 36,363us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 572,239us-gaap_NoninterestIncome 673,206us-gaap_NoninterestIncome 335,546us-gaap_NoninterestIncome
Noninterest expense:      
Compensation and benefits 409,486us-gaap_LaborAndRelatedExpense 366,801us-gaap_LaborAndRelatedExpense 326,942us-gaap_LaborAndRelatedExpense
Professional services 94,377us-gaap_ProfessionalFees 76,178us-gaap_ProfessionalFees 67,845us-gaap_ProfessionalFees
Premises and equipment 49,716us-gaap_EquipmentExpense 45,935us-gaap_EquipmentExpense 40,689us-gaap_EquipmentExpense
Business development and travel 40,057sivb_BusinessDevelopmentAndTravel 33,334sivb_BusinessDevelopmentAndTravel 29,409sivb_BusinessDevelopmentAndTravel
Net occupancy 30,004us-gaap_OccupancyNet 24,937us-gaap_OccupancyNet 22,536us-gaap_OccupancyNet
FDIC assessments 19,206us-gaap_FederalDepositInsuranceCorporationPremiumExpense 12,784us-gaap_FederalDepositInsuranceCorporationPremiumExpense 10,959us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Correspondent bank fees 13,118sivb_CorrespondentBankFees 12,142sivb_CorrespondentBankFees 11,168sivb_CorrespondentBankFees
Provision for unfunded credit commitments 6,511sivb_ProvisionForUnfundedCreditCommitments 7,642sivb_ProvisionForUnfundedCreditCommitments 488sivb_ProvisionForUnfundedCreditCommitments
Other 54,396us-gaap_OtherNoninterestExpense 41,927us-gaap_OtherNoninterestExpense 35,962us-gaap_OtherNoninterestExpense
Total noninterest expense 716,871us-gaap_NoninterestExpense [1] 621,680us-gaap_NoninterestExpense [1] 545,998us-gaap_NoninterestExpense [1]
Income before income tax expense 652,477us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [2] 685,177us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [2] 363,082us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [2]
Income tax expense 173,762us-gaap_IncomeTaxExpenseBenefit 139,058us-gaap_IncomeTaxExpenseBenefit 113,269us-gaap_IncomeTaxExpenseBenefit
Net income before noncontrolling interests 478,715us-gaap_ProfitLoss 546,119us-gaap_ProfitLoss 249,813us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (214,790)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (330,266)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (74,710)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income available to common stockholders $ 263,925us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 215,853us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 175,103us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per common share—basic, in dollars per share $ 5.39us-gaap_EarningsPerShareBasic $ 4.76us-gaap_EarningsPerShareBasic $ 3.96us-gaap_EarningsPerShareBasic
Earnings per common share—diluted, in dollars per share $ 5.31us-gaap_EarningsPerShareDiluted $ 4.70us-gaap_EarningsPerShareDiluted $ 3.91us-gaap_EarningsPerShareDiluted
[1] The Global Commercial Bank segment includes direct depreciation and amortization of $20.9 million, $18.7 million and $14.4 million for 2014, 2013 and 2012, respectively.
[2] The internal reporting model used by management to assess segment performance does not calculate income tax expense by segment. Our effective tax rate is a reasonable approximation of the segment rates.