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Parent Company Only Condensed Financial Information
12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Condensed Financial Information Parent Company Only Condensed Financial Information
The condensed balance sheets of SVB Financial at December 31, 2020 and 2019, and the related condensed statements of income, comprehensive income and cash flows for 2020, 2019 and 2018, are presented below:
Condensed Balance Sheets
December 31,
(Dollars in thousands)20202019
Assets:
Cash and cash equivalents$670,738 $800,926 
Investment securities666,860 474,842 
Loans, amortized cost682 15,245 
Lease right-of-use assets99,363 71,847 
Other assets260,331 214,167 
Investment in subsidiaries:
Bank subsidiary7,068,964 5,034,095 
Nonbank subsidiaries666,997 432,073 
Total assets$9,433,935 $7,043,195 
Liabilities and SVBFG stockholders’ equity:
3.125% Senior Notes$495,280 $— 
3.50% Senior Notes348,348 347,987 
Lease liabilities134,607 87,999 
Other liabilities236,000 136,903 
Total liabilities$1,214,235 $572,889 
SVBFG stockholders’ equity8,219,700 6,470,306 
Total liabilities and SVBFG stockholders’ equity$9,433,935 $7,043,195 
Condensed Statements of Income
Year ended December 31,
(Dollars in thousands)202020192018
Interest income$2,849 $4,473 $3,307 
Interest expense(21,565)(31,666)(32,037)
Dividend income from bank subsidiary 50,000 733,000 140,000 
Gains on equity warrant assets, net226,942 138,078 89,142 
Gains on investment securities, net157,594 45,345 13,546 
Fund management fees and other noninterest income62,046 21,567 26,388 
General and administrative expenses(120,863)(94,712)(70,976)
Income tax expense(145,790)(40,218)(14,383)
Income before net income of subsidiaries211,213 775,867 154,987 
Equity in undistributed net income of bank subsidiary776,243 303,618 793,641 
Equity in undistributed net income of nonbank subsidiaries220,912 57,371 25,212 
Net income before preferred stock dividend$1,208,368 $1,136,856 $973,840 
Preferred stock dividends(17,151)— — 
Net income available to common stockholders$1,191,217 $1,136,856 $973,840 

Condensed Statements of Comprehensive Income
 Year ended December 31,
(Dollars in thousands)202020192018
Net income before preferred stock dividend $1,208,368 $1,136,856 $973,840 
Other comprehensive income (loss), net of tax:
Foreign currency translation gains (losses)11,846 2,319 (4,107)
Changes in unrealized holding gains and losses on AFS securities70 2,310 120 
Changes in fair value on bank cash flow hedges, net of reclassification adjustments in bank net income131,403 (2,130)— 
Equity in other comprehensive income (loss) of bank and nonbank subsidiaries 394,753 136,066 (19,171)
Reclassifications to retained earnings for the adoption of new accounting guidance— — (29,490)
Other comprehensive income (loss), net of tax538,072 138,565 (52,648)
Total comprehensive income$1,746,440 $1,275,421 $921,192 
Condensed Statements of Cash Flows
Year ended December 31,
(Dollars in thousands)202020192018
Cash flows from operating activities:
Net income before preferred stock dividend$1,208,368 $1,136,856 $973,840 
Adjustments to reconcile net income to net cash provided by operating activities:
Gains on equity warrant assets, net(226,942)(138,078)(89,142)
Gains on investment securities, net(157,594)(45,345)(13,546)
Gains on derivatives, net(30,018)— — 
Distributions of earnings from investment securities65,237 49,776 47,596 
Net income of bank subsidiary(826,243)(1,036,618)(933,641)
Net income on nonbank subsidiaries(220,912)(57,371)(25,212)
Cash dividends from bank subsidiary50,000 733,000 140,000 
Amortization of share-based compensation83,986 66,815 45,675 
Decrease in other assets17,189 27,205 51,169 
Increase in other liabilities98,209 21,391 21,619 
Other, net13,206 8,084 (31,024)
Net cash provided by operating activities74,486 765,715 187,334 
Cash flows from investing activities:
Net decrease in investment securities from purchases, sales and maturities122,823 128,635 73,742 
Net decrease (increase) in loans14,563 (15,245)— 
Increase in investment in bank subsidiary(68,630)(42,952)(31,292)
Capital infusion in bank subsidiary(700,000)— — 
Decrease (increase) in investment in nonbank subsidiaries4,271 23,275 (5,323)
Business acquisitions(26,700)(265,601)— 
Net cash (used for) provided by investing activities(653,673)(171,888)37,127 
Cash flows from financing activities:
Principal payments of long-term debt— (358,395)— 
Proceeds from issuance of 3.125% Senior Notes495,024 — — 
Proceeds from issuance of common stock, ESPP and ESOP 31,146 24,818 18,387 
Net proceeds from the issuance of preferred stock— 340,138 — 
Payment of preferred stock dividends(17,151)— — 
Common stock repurchase(60,020)(352,511)(147,123)
Net cash provided by (used for) financing activities448,999 (345,950)(128,736)
Net (decrease) increase in cash and cash equivalents(130,188)247,877 95,725 
Cash and cash equivalents at beginning of period800,926 553,049 457,324 
Cash and cash equivalents at end of period$670,738 $800,926 $553,049