Noninterest Income (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Noninterest Income

Included below is a summary of noninterest income for the years ended December 31, 2022, December 31, 2021 and December 31, 2020:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Noninterest income:
(Losses) gains on investment securities, net	$	(285)	$	761	$	421
Gains on equity warrant assets, net	148		560		237
Client investment fees	386		75		132
Wealth management and trust fees	83		44		—
Foreign exchange fees	285		262		179
Credit card fees	150		131		98
Deposit service charges	126		112		90
Lending related fees	94		76		57
Letters of credit and standby letters of credit fees	57		51		47
Investment banking revenue	420		459		414
Commissions	98		79		67
Other	166		128		98
Total noninterest income	$	1,728	$	2,738	$	1,840

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 2022, 2021 and 2020 as recorded in the line item “Gains (losses) on investment securities, net," a component of noninterest income:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Net gains (losses) on non-marketable and other equity securities:
Non-marketable securities (fair value accounting):
Consolidated venture capital and private equity fund investments	$	(101)	$	71	$	32
Unconsolidated venture capital and private equity fund investments	(86)		75		60
Other investments without a readily determinable fair value	(26)		75		—
Other equity securities in public companies (fair value accounting)	(52)		23		105
Non-marketable securities (equity method accounting):
Venture capital and private equity fund investments	(49)		474		162
Debt funds	(1)		2		—
Other investments	9		10		1
Total net gains (losses) on non-marketable and other equity securities	$	(306)	$	730	$	360
Less: realized net gains (losses) on sales of non-marketable and other equity securities	(19)		85		24
Net gains (losses) on non-marketable and other equity securities still held	$	(287)	$	645	$	336

A summary of gains and losses on investment securities for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Gains (losses) on non-marketable and other equity securities, net	$	(306)	$	730	$	360
Gains (losses) on sales of AFS debt securities, net	21		31		61
Total gains (losses) on investment securities, net	$	(285)	$	761	$	421

Components of Gains on Equity Warrant Assets

A summary of net gains on equity warrant assets for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Equity warrant assets:
Gains on exercises, net	$	45	$	446	$	179
Terminations	(4)		(2)		(2)
Changes in fair value, net	107		116		60
Total net gains on equity warrant assets	$	148	$	560	$	237

Components of Client Investment Fees

A summary of client investment fees by instrument type for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Client investment fees by type:
Sweep money market fees	$	215	$	43	$	74
Asset management fees (1)	57		31		43
Repurchase agreement fees	114		1		15
Total client investment fees (2)	$	386	$	75	$	132

(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 that are maintained at third-party financial institutions and are not recorded on our balance sheet.

Components of Wealth Management and Trust Fees

A summary of wealth management and trust fees for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Wealth management and trust fees by type:
Wealth management fees	$	75	$	40	$	—
Trust fees	8		4		—
Total wealth management and trust fees	$	83	$	44	$	—

Components of Foreign Exchange Fees

A summary of foreign exchange fee income by instrument type for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Foreign exchange fees by instrument type:
Foreign exchange contract commissions	$	282	$	260	$	178
Option premium fees	3		2		1
Total foreign exchange fees	$	285	$	262	$	179

Components of Credit Card Fees

A summary of credit card fees by instrument type for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Credit card fees by instrument type:
Card interchange fees, net	$	117	$	108	$	76
Merchant service fees	26		18		18
Card service fees	7		5		4
Total credit card fees	$	150	$	131	$	98

Components of Lending Related Fees

A summary of lending related fees by instrument type for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Lending related fees by instrument type:
Unused commitment fees	$	70	$	59	$	42
Other	24		17		15
Total lending related fees	$	94	$	76	$	57

Schedule of Investment Banking Revenue

A summary of investment banking revenue by instrument type for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Investment banking revenue:
Underwriting fees	$	163	$	304	$	353
Advisory fees	214		90		40
Private placements and other	43		65		21
Total investment banking revenue	$	420	$	459	$	414

Summary of Other Noninterest Income

A summary of other noninterest income by instrument type for 2022, 2021 and 2020 is as follows:

	Year ended December 31,
(Dollars in millions)	2022		2021		2020
Other noninterest income by instrument type:
Fund management fees	$	59	$	67	$	39
Net gains (losses) on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)	3		—		(1)
Gains from conversion of convertible debt options	—		—		30
Gains on total return swaps	40		—		—
Other service revenue	64		61		30
Total other noninterest income	$	166	$	128	$	98

(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, 2022, December 31, 2021 and December 31, 2020:

Year ended December 31, 2022	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	384	$	—	$	—	$	—	$	2	$	386
Wealth management and trust fees	—		83		—		—		—		83
Card interchange fees, gross	223		1		—		—		3		227
Merchant service fees	25		1		—		—		—		26
Deposit service charges	124		1		—		—		1		126
Investment banking revenue	—		—		—		420		—		420
Commissions	—		—		—		98		—		98
Fund management fees	2		—		52		5		—		59
Other (1)	71		1		6		—		—		78
Total revenue from contracts with customers	$	829	$	87	$	58	$	523	$	6	$	1,503
Revenues outside the scope of ASC 606 (2)	278		9		(168)		(18)		124		225
Total noninterest income	$	1,107	$	96	$	(110)	$	505	$	130	$	1,728

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

(3)Silicon Valley Bank’s, SVB Capital’s and SVB Securities' components of noninterest income are shown net of NCI. NCI is included within “Other Items."

Year ended December 31, 2021	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	73	$	2	$	—	$	—	$	—	$	75
Wealth management and trust fees	—		44		—		—		—		44
Card interchange fees, gross	198		1		—		—		2		201
Merchant service fees	17		1		—		—		—		18
Deposit service charges	109		1		—		—		2		112
Investment banking revenue	—		—		—		459		—		459
Commissions	—		—		—		79		—		79
Fund management fees	—		—		62		5		—		67
Other (1)	243		2		13		—		1		259
Total revenue from contracts with customers	$	640	$	51	$	75	$	543	$	5	$	1,314
Revenues outside the scope of ASC 606 (2)	66		7		412		65		874		1,424
Total noninterest income	$	706	$	58	$	487	$	608	$	879	$	2,738

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

(3)Silicon Valley Bank’s, SVB Capital’s and SVB Securities' components of noninterest income are shown net of NCI. NCI is included within “Other Items."

Year ended December 31, 2020	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	129	$	3	$	—	$	—	$	—	$	132
Card interchange fees, gross	127		1		—		—		2		130
Merchant service fees	17		1		—		—		—		18
Deposit service charges	90		—		—		—		—		90
Investment banking revenue	—		—		—		414		—		414
Commissions	—		—		—		67		—		67
Fund management fees	—		—		32		7		—		39
Other (1)	162		—		4		—		1		167
Total revenue from contracts with customers	$	525	$	5	$	36	$	488	$	3	$	1,057
Revenues outside the scope of ASC 606 (2)	79		—		190		9		505		783
Total noninterest income	$	604	$	5	$	226	$	497	$	508	$	1,840

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

(3)Silicon Valley Bank’s and SVB Capital’s components of noninterest income are shown net of NCI. NCI is included within “Other Items."