Svb Financial Group (SIVB)
Sector • Financial Industry • Regional Banks |
Industry • Regional Banks |
Sector • Financial |
Negligible -4.471 %, contruction in revenue at the company in the financial interval ending December 31 2022
company reported fourth quarter of 2022 operating income of $379 million
Published Feb 26 2023
Goran Soko / CSIMarket.com Contributer
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The revenue contracted by -4.471 % to $1.39 billion from $1.45 billion in the corresponding financial reporting period a year before and sequentially Revenue decreased by -6.599 % from $1.49 billion.
Net income of $305.000 million in the financial fourth quarter of 2022 fell by -25.29 % from $408.236 million in the corresponding period a year before. Looking further into financial fourth quarter of 2022 Svb Financial Group's profitability, operating margin mitigated to 27.33%, and net margin shrank to 21.99%.
Operating earnings, fell -31.08% to $379 million, squeezing Svb Financial Group's operating margin to 27.33%, from 37.88% in the fourth quarter of 2021. Analysts also pointed out, that within the sales reports for the financial 12 Months 2022, company declared revenue of $5.79 billion and net earnings of $1.61 billion.
Regional Banks company explained as well, that Profits per share fell by -18.88 % to $25.35 per share from $31.25 in the preceding financial 12 Months , told further, that Revenue decreased by -0.02 % from $5.79 billion a year before.
Svb Financial Group is expected to report next financial earnings on May 05, 2023.