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Noninterest Income (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Included below is a summary of noninterest income for the years ended December 31, 2021, 2020 and 2019:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Noninterest income:
Gains on investment securities, net	$	761	$	421	$	135
Gains on equity warrant assets, net	560		237		138
Client investment fees	75		132		182
Wealth management and trust fees	44		—		—
Foreign exchange fees	262		179		159
Credit card fees	131		98		119
Deposit service charges	112		90		89
Lending related fees	76		57		50
Letters of credit and standby letters of credit fees	51		47		43
Investment banking revenue	459		414		195
Commissions	79		67		56
Other	128		98		55
Total noninterest income	$	2,738	$	1,840	$	1,221

Summary of Gains and Losses on Investment Securities

The following table presents the net gains and losses on non-marketable and other equity securities in 2021, 2020 and 2019 as recorded in the line item “Gains on investment securities, net," a component of noninterest income:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Net gains (losses) on non-marketable and other equity securities:
Non-marketable securities (fair value accounting):
Consolidated venture capital and private equity fund investments	$	71	$	32	$	23
Unconsolidated venture capital and private equity fund investments	75		60		31
Other investments without a readily determinable fair value	75		—		3
Other equity securities in public companies (fair value accounting)	23		105		8
Non-marketable securities (equity method accounting):
Venture capital and private equity fund investments	474		162		74
Debt funds	2		—		1
Other investments	10		1		(1)
Total net gains on non-marketable and other equity securities	$	730	$	360	$	139



Less: realized net gains on sales of non-marketable and other equity securities	85		24		5
Net gains on non-marketable and other equity securities still held	$	645	$	336	$	134

A summary of gains and losses on investment securities for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Gains on non-marketable and other equity securities, net	$	730	$	360	$	139
Gains (losses) on sales of AFS debt securities, net	31		61		(4)
Total gains on investment securities, net	$	761	$	421	$	135

Components of Gains on Equity Warrant Assets

A summary of net gains on equity warrant assets for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Equity warrant assets:
Gains on exercises, net	$	446	$	179	$	107
Terminations	(2)		(2)		(4)
Changes in fair value, net	116		60		35
Total net gains on equity warrant assets	$	560	$	237	$	138

Components of Asset Management Fees

A summary of client investment fees by instrument type for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Client investment fees by type:
Sweep money market fees	$	43	$	74	$	104
Asset management fees (1)	31		43		29
Repurchase agreement fees	1		15		49
Total client investment fees (2)	$	75	$	132	$	182

(1)Represents fees earned from investments in third-party money market mutual funds and fixed-income securities managed by SVB Asset Management.

(2)Represents fees earned on client investment funds which are maintained at third-party financial institutions and are not recorded on our balance sheet.

Components of Foreign Exchange Fees

A summary of foreign exchange fee income by instrument type for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Foreign exchange fees by instrument type:
Spot contract commissions	$	240	$	158	$	146
Forward contract commissions	20		20		13
Option premium fees	2		1		—
Total foreign exchange fees	$	262	$	179	$	159

Components of Credit Card Fees

A summary of credit card fees by instrument type for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Credit card fees by instrument type:
Card interchange fees, net	$	108	$	76	$	94
Merchant service fees	18		18		18
Card service fees	5		4		7
Total credit card fees	$	131	$	98	$	119

Components of Lending Related Fees

A summary of lending related fees by instrument type for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Lending related fees by instrument type:
Unused commitment fees	$	59	$	42	$	35
Other	17		15		15
Total lending related fees	$	76	$	57	$	50

Schedule of Investment Banking Revenue

A summary of investment banking revenue by instrument type for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Investment banking revenue:
Underwriting fees	$	304	$	353	$	153
Advisory fees	90		40		38
Private placements and other	65		21		4
Total investment banking revenue	$	459	$	414	$	195

Summary of Other Noninterest Income

A summary of other noninterest income by instrument type for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Other noninterest income by instrument type:
Fund management fees	$	67	$	39	$	33
Net losses on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)	—		(1)		—
Losses on extinguishment of debt	—		—		(9)
Gains from conversion of convertible debt options	—		30		—
Other service revenue	61		30		31
Total other noninterest income	$	128	$	98	$	55

(1)Represents the net revaluation of client and internal foreign currency denominated financial instruments. We enter into foreign exchange forward contracts to economically reduce our foreign exchange exposure related to client and internal foreign currency denominated financial instruments.

Disaggregation of Revenue

The following tables present our revenues from contracts with customers disaggregated by revenue source and segment for the years ended December 31, 2021, 2020, and 2019:


Year ended December 31, 2021	Global Commercial Bank (2)		SVB Private Bank		SVB Capital (2)		SVB Securities (2)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	73	$	2	$	—	$	—	$	—	$	75
Wealth management and trust fees	—		44		—		—		—		44
Spot contract commissions	237		2		—		—		1		240
Card interchange fees, gross	199		—		—		—		2		201
Merchant service fees	18		—		—		—		—		18
Deposit service charges	109		1		—		—		2		112
Investment banking revenue	—		—		—		459		—		459
Commissions	—		—		—		79		—		79
Fund management fees	—		—		62		5		—		67
Performance fees	—		—		13		—		—		13
Correspondent bank rebates	6		—		—		—		—		6
Total revenue from contracts with customers	$	642	$	49	$	75	$	543	$	5	$	1,314








Revenues outside the scope of ASC 606 (1)	66		7		412		65		874		1,424
Total noninterest income	$	708	$	56	$	487	$	608	$	879	$	2,738

(1)Amounts are accounted for under separate guidance than ASC 606.

(2)GCB’s, SVB Capital’s and SVB Securities' components of noninterest income are shown net of noncontrolling interests. Noncontrolling interest is included within “Other Items."


Year ended December 31, 2020	Global Commercial Bank (2)		SVB Private Bank		SVB Capital (2)		SVB Securities (2)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	129	$	3	$	—	$	—	$	—	$	132
Spot contract commissions	157		—		—		—		1		158
Card interchange fees, gross	128		—		—		—		2		130
Merchant service fees	18		—		—		—		—		18
Deposit service charges	90		—		—		—		—		90
Investment banking revenue	—		—		—		414		—		414
Commissions	—		—		—		67		—		67
Fund management fees	—		—		32		7		—		39
Performance fees	—		—		4		—		—		4
Correspondent bank rebates	5		—		—		—		—		5
Total revenue from contracts with customers	$	527	$	3	$	36	$	488	$	3	$	1,057








Revenues outside the scope of ASC 606 (1)	79		—		190		9		505		783
Total noninterest income	$	606	$	3	$	226	$	497	$	508	$	1,840

(1)Amounts are accounted for under separate guidance than ASC 606.

(2)GCB’s, SVB Capital’s and SVB Securities' components of noninterest income are shown net of noncontrolling interests. Noncontrolling interest is included within “Other Items."


Year ended December 31, 2019	Global Commercial Bank (2)		SVB Private Bank		SVB Capital (2)		SVB Securities (2)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	180	$	2	$	—	$	—	$	—	$	182
Spot contract commissions	145		1		—		—		—		146
Card interchange fees, gross	154		—		—		—		1		155
Merchant service fees	18		—		—		—		—		18
Deposit service charges	88		—		—		—		1		89
Investment banking revenue	—		—		—		195		—		195
Commissions	—		—		—		56		—		56
Fund management fees	—		—		27		6		—		33
Correspondent bank rebates	6		—		—		—		—		6
Total revenue from contracts with customers	$	591	$	3	$	27	$	257	$	2	$	880








Revenues outside the scope of ASC 606 (1)	47		1		95		7		191		341
Total noninterest income	$	638	$	4	$	122	$	264	$	193	$	1,221

(1)Amounts are accounted for under separate guidance than ASC 606.

(2)GCB’s and SVB Capital’s components of noninterest income are shown net of noncontrolling interests. Noncontrolling interest is included within “Other Items."

Components of Wealth Management and Trust Fees

A summary of wealth management and trust fees for 2021, 2020 and 2019 is as follows:


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Wealth management and trust fees by type:
Wealth management fees	$	40	$	—	$	—
Trust fees	4		—		—
Total wealth management and trust fees	$	44	$	—	$	—