Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Our segment information for 2022, 2021 and 2020 is as follows:


(Dollars in millions)	Silicon Valley Bank (1)		SVB Private		SVB Capital (1)		SVB Securities (1)		Other Items (2) (3)		Total
Year ended December 31, 2022
Net interest income	$	4,118	$	407	$	—	$	3	$	(43)	$	4,485
Provision for credit losses	(277)		(10)		—		—		(133)		(420)
Noninterest income	1,107		96		(110)		505		130		1,728
Noninterest expense (4)	(1,557)		(361)		(70)		(603)		(1,030)		(3,621)
Income (loss) before income tax expense (5)	$	3,391	$	132	$	(180)	$	(95)	$	(1,076)	$	2,172
Total average loans, amortized cost	$	54,647	$	14,934	$	—	$	—	$	708	$	70,289
Total average assets (6) (7)	175,221		16,637		942		936		22,367		216,103
Total average deposits	172,106		12,884		—		—		771		185,761
Year ended December 31, 2021
Net interest income (8)	$	2,914	$	226	$	—	$	1	$	38	$	3,179
Provision for credit losses	(55)		(14)		—		—		(54)		(123)
Noninterest income	706		58		487		608		879		2,738
Noninterest expense (4) (8)	(1,266)		(223)		(71)		(561)		(949)		(3,070)
Income (loss) before income tax expense (5) (8)	$	2,299	$	47	$	416	$	48	$	(86)	$	2,724
Total average loans, amortized cost (8)	$	43,145	$	9,986	$	—	$	—	$	1,416	$	54,547
Total average assets (6) (7) (8)	140,362		11,171		700		830		12,948		166,011
Total average deposits (8)	138,057		8,924		—		—		966		147,947
Year ended December 31, 2020
Net interest income (8)	$	1,990	$	112	$	—	$	1	$	54	$	2,157
Provision for credit losses	(166)		(21)		—		—		(33)		(220)
Noninterest income	604		5		226		497		508		1,840
Noninterest expense (4) (8)	(1,011)		(55)		(51)		(379)		(539)		(2,035)
Income (loss) before income tax expense (5) (8)	$	1,417	$	41	$	175	$	119	$	(10)	$	1,742
Total average loans, amortized cost (8)	$	30,116	$	5,298	$	—	$	—	$	1,852	$	37,266
Total average assets (6) (7) (8)	73,929		5,335		437		557		5,534		85,792
Total average deposits (8)	71,911		2,388		—		—		717		75,016

(1)Silicon Valley Bank’s, SVB Capital’s and SVB Securities' components of NII, noninterest income, noninterest expense and total average assets are shown net of NCI for all periods presented. NCI is included within "Other Items."

(2)The "Other Items" column reflects the adjustments necessary to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. NII consists primarily of interest earned from our fixed income investment portfolio, net of FTP. Noninterest income consists primarily of gains or losses on equity warrant assets, gains or losses on the sale of AFS securities and gains or losses on equity securities from exercised warrant assets. Noninterest expense consists primarily of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses.

(3)Noninterest income included in “Other Items” decreased $749M in 2022. The decrease is driven by lower warrant and investment gains.

(4)The Silicon Valley Bank segment includes direct depreciation and amortization of $49 million, $34 million and $25 million for December 31, 2022, December 31, 2021, and December 31, 2020, respectively.

(5)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.

(6)Total average assets equal the greater of total average assets or the sum of total average liabilities and total average stockholders’ equity for each segment to reconcile the results to the consolidated financial statements prepared in conformity with GAAP.

(7)Included in the total average assets is goodwill of $174 million and $138 million for SVB Securities for the year ended December 31, 2022, and December 31, 2021, respectively, and $201 million and $87 million for SVB Private for the years ended December 31, 2022, and December 31, 2021.

(8)For the years ended December 31, 2022, December 31, 2021, and December 31, 2020, prior period balances for our Premium Wine reporting division previously reported in "Silicon Valley Bank" have been allocated to the reportable segment “SVB Private” to properly reflect organizational changes effective January 1, 2022. The reallocation had no impact on the "Total" amount.