Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]


	December 31,
(Dollars in millions)	2021		2020
Assets:
Cash and cash equivalents	$	2,324	$	671
Investment securities	731		667
Loans, amortized cost	1		1
Lease right-of-use assets	82		99
Other assets	387		260
Investment in subsidiaries:
Bank subsidiary	14,795		7,069
Nonbank subsidiaries	894		667
Total assets	$	19,214	$	9,434

Liabilities and SVBFG stockholders’ equity:
Long-term debt	$	2,570	$	844


Lease liabilities	113		134
Other liabilities	295		236
Total liabilities	$	2,978	$	1,214
SVBFG stockholders’ equity	16,236		8,220
Total liabilities and SVBFG stockholders’ equity	$	19,214	$	9,434

Condensed Statements of Income


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Interest income	$	3	$	3	$	5
Interest expense	(48)		(22)		(32)
Dividend income from bank subsidiary	—		50		733
Gains on equity warrant assets, net	554		227		138
Gains on investment securities, net	197		158		45
Fund management fees and other noninterest income	68		62		22
General and administrative expenses	(298)		(121)		(95)
Income tax expense	(212)		(146)		(40)
Income before net income of subsidiaries	264		211		776
Equity in undistributed net income of bank subsidiary	1,294		776		304
Equity in undistributed net income of nonbank subsidiaries	275		221		57
Net income before preferred stock dividend	$	1,833	$	1,208	$	1,137
Preferred stock dividends	(63)		(17)		—
Net income available to common stockholders	$	1,770	$	1,191	$	1,137

Condensed Statements of Comprehensive Income


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Net income before preferred stock dividend	$	1,833	$	1,208	$	1,137
Other comprehensive (loss) income, net of tax:
Foreign currency translation (losses) gains	(1)		12		2
Changes in unrealized holding gains and losses on AFS securities	(3)		—		2
Changes in fair value on bank cash flow hedges, net of reclassification adjustments in bank net income	(46)		131		(2)
Equity in other comprehensive (loss) income of bank and nonbank subsidiaries	(341)		395		136

Other comprehensive (loss) income, net of tax	(391)		538		138
Total comprehensive income	$	1,442	$	1,746	$	1,275

Condensed Statements of Cash Flows


	Year ended December 31,
(Dollars in millions)	2021		2020		2019
Cash flows from operating activities:
Net income before preferred stock dividend	$	1,833	$	1,208	$	1,137
Adjustments to reconcile net income to net cash provided by operating activities:
Gains on equity warrant assets, net	(554)		(227)		(138)
Gains on investment securities, net	(197)		(158)		(45)
Gains on derivatives, net	—		(30)		—
Distributions of earnings from investment securities	60		65		50
Net income of bank subsidiary	(1,294)		(826)		(1,037)
Net income on nonbank subsidiaries	(275)		(221)		(57)
Cash dividends from bank subsidiary	—		50		733
Amortization of share-based compensation	136		84		67
(Increase) decrease in other assets	(40)		17		27
Increase in other liabilities	58		99		21
Other, net	2		14		8
Net cash (used for) provided by operating activities	(271)		75		766

Cash flows from investing activities:
Net decrease in investment securities from purchases, sales and maturities	533		123		129
Net decrease (increase) in loans	—		15		(15)
Increase in investment in bank subsidiary	(1,240)		(69)		(43)
Capital infusion in bank subsidiary	(5,750)		(700)		—
Decrease in investment in nonbank subsidiaries	47		4		23
Business acquisitions	1,081		(27)		(266)
Net cash used for investing activities	(5,329)		(654)		(172)

Cash flows from financing activities:
Principal payments of long-term debt	—		—		(358)
Proceeds from issuance long-term debt	1,636		495		—
Proceeds from issuance of common stock, ESPP and ESOP	2,374		31		25
Net proceeds from the issuance of preferred stock	3,306		—		340
Payment of preferred stock dividends	(63)		(17)		—
Common stock repurchase	—		(60)		(353)
Net cash provided by (used for) financing activities	7,253		449		(346)
Net increase (decrease) in cash and cash equivalents	1,653		(130)		248
Cash and cash equivalents at beginning of period	671		801		553
Cash and cash equivalents at end of period	$	2,324	$	671	$	801