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Interim Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest income:    
Loans $ 165,458us-gaap_InterestAndFeeIncomeLoansAndLeases $ 148,172us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities:    
Taxable 81,274us-gaap_InterestIncomeSecuritiesTaxable 54,420us-gaap_InterestIncomeSecuritiesTaxable
Non-taxable 772us-gaap_InterestIncomeSecuritiesTaxExempt 796us-gaap_InterestIncomeSecuritiesTaxExempt
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 1,285sivb_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellAndOtherShortTermInvestments 1,636sivb_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellAndOtherShortTermInvestments
Total interest income 248,789us-gaap_InterestAndDividendIncomeOperating 205,024us-gaap_InterestAndDividendIncomeOperating
Interest expense:    
Deposits 1,943us-gaap_InterestExpenseDeposits 2,904us-gaap_InterestExpenseDeposits
Borrowings 7,956us-gaap_InterestExpenseBorrowings 5,792us-gaap_InterestExpenseBorrowings
Total interest expense 9,899us-gaap_InterestExpense 8,696us-gaap_InterestExpense
Net interest income 238,890us-gaap_InterestIncomeExpenseNet 196,328us-gaap_InterestIncomeExpenseNet
Provision for loan losses 6,452us-gaap_ProvisionForLoanLossesExpensed 494us-gaap_ProvisionForLoanLossesExpensed
Net interest income after provision for loan losses 232,438us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 195,834us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:    
Gains on investment securities, net 83,159sivb_GainLossOnInvestmentSecuritiesNetPretax 223,912sivb_GainLossOnInvestmentSecuritiesNetPretax
Gains on derivative instruments, net 39,729us-gaap_GainLossOnDerivativeInstrumentsNetPretax 24,167us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Foreign exchange fees 17,678sivb_ForeignExchangeFees 17,196sivb_ForeignExchangeFees
Credit card fees 12,090us-gaap_FeesAndCommissionsCreditCards 10,282us-gaap_FeesAndCommissionsCreditCards
Deposit service charges 10,736us-gaap_FeesAndCommissionsDepositorAccounts 9,607us-gaap_FeesAndCommissionsDepositorAccounts
Lending related fees 8,022us-gaap_FeesAndCommissions 6,303us-gaap_FeesAndCommissions
Letters of credit and standby letters of credit fees 5,202sivb_LetterOfCreditAndStandbyLetterOfCreditIncome 4,140sivb_LetterOfCreditAndStandbyLetterOfCreditIncome
Client investment fees 4,482us-gaap_AssetManagementFees1 3,418us-gaap_AssetManagementFees1
Other (9,080)us-gaap_NoninterestIncomeOtherOperatingIncome 11,200us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 172,018us-gaap_NoninterestIncome 310,225us-gaap_NoninterestIncome
Noninterest expense:    
Compensation and benefits 115,770us-gaap_LaborAndRelatedExpense 102,507us-gaap_LaborAndRelatedExpense
Professional services 24,185us-gaap_ProfessionalFees 21,189us-gaap_ProfessionalFees
Premises and equipment 12,657us-gaap_EquipmentExpense 11,582us-gaap_EquipmentExpense
Business development and travel 11,112sivb_BusinessDevelopmentAndTravel 10,194sivb_BusinessDevelopmentAndTravel
Net occupancy 7,313us-gaap_OccupancyNet 7,320us-gaap_OccupancyNet
FDIC and state assessments 5,789us-gaap_FederalDepositInsuranceCorporationPremiumExpense 4,128us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Correspondent bank fees 3,421sivb_CorrespondentBankFees 3,203sivb_CorrespondentBankFees
Provision for unfunded credit commitments 2,263sivb_ProvisionForUnfundedCreditCommitments 1,123sivb_ProvisionForUnfundedCreditCommitments
Other 13,598us-gaap_OtherNoninterestExpense 9,162us-gaap_OtherNoninterestExpense [1]
Total noninterest expense 196,108us-gaap_NoninterestExpense [2] 170,408us-gaap_NoninterestExpense [1],[2]
Income before income tax expense 208,348us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [3] 335,651us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1],[3]
Income tax expense 63,066us-gaap_IncomeTaxExpenseBenefit 61,296us-gaap_IncomeTaxExpenseBenefit [1]
Net income before noncontrolling interests 145,282us-gaap_ProfitLoss [4] 274,355us-gaap_ProfitLoss [1],[4]
Net income attributable to noncontrolling interests (56,766)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (183,405)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income available to common stockholders $ 88,516us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 90,950us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1],[5]
Earnings per common share—basic (dollars per share) $ 1.74us-gaap_EarningsPerShareBasic $ 1.98us-gaap_EarningsPerShareBasic [1],[5]
Earnings per common share—diluted (dollars per share) $ 1.71us-gaap_EarningsPerShareDiluted $ 1.95us-gaap_EarningsPerShareDiluted
[1] Prior period amounts have been revised to reflect the retrospective application of new accounting guidance adopted in the first quarter of 2015 related to our investments in qualified affordable housing projects (ASU 2014-01). See Note 1 - "Basis of Presentation" of the "Notes to Interim Consolidated Financial Statements" under Part I, Item 1 in this report.
[2] The Global Commercial Bank segment includes direct depreciation and amortization of $5.1 million and $4.9 million for the three months ended March 31, 2015 and 2014, respectively
[3] 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.
[4] Cash flows for the quarters ended March 31, 2015 and March 31, 2014 were revised to reflect the retrospective application of our adoption of ASU 2014-01.
[5] Results for the quarter ended March 31, 2014 were restated to reflect the retrospective application of adopting new accounting guidance in 2015 related to our investments in qualified affordable housing projects (ASU 2014-01). See Note 1 of the Notes to Consolidated Financial Statements for additional information.