Silvergate Capital Corporation (NYSE:SI)

Stock Price: $1.72

+0.59 (52.21%)

Updated Mar 24, 2023 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	54.45M
Revenue	296.16M
Gross Profit	299.24M
Shares Out	31.66M
EPS (ttm)	3.9
PE Ratio	0.4552
Forward PE	3.3333
Dividend Rate (ttm)	0.0000
Dividend Yield	0.0000

Trading Day	Mar 24
Last Price	$1.72
Previous Close	$1.13
Change ($)	0.59
Change (%)	52.21%
Day's Open	1.12
Day's Range	1.1 - 2.17
Day's Volume	141.49M
52 Week Range	1.1 - 162.65

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About Silvergate Capital Corporation

Silvergate Capital Corporation is a registered bank holding company for Silvergate Bank, headquartered in La Jolla, California. Silvergate Bank is a commercial bank that opened in 1988, has been profitable for 22 consecutive years, and has focused its strategy on creating the banking platform for innovators, especially in the digital currency industry, and developing product and service solutions addressing the needs of entrepreneurs.

The Company's assets consist primarily of its investment in the Bank and the Company's primary activities are conducted through the Bank. The Company is subject to supervision by the Board of Governors of the Federal Reserve System (the 'Federal Reserve').

The Bank is subject to supervision by the California Department of Business Oversight, Division of Financial Institutions and, as a Federal Reserve member bank, the Federal Reserve. The Bank's deposits are insured up to legal limits by the Federal Deposit Insurance Corporation.

News

Bitcoin price prediction: Rekt Capital says $19,000 could be new “technical target for BTC” March 10, 2023

Coinbase, Paxos halt business with Silvergate Bank March 4, 2023

Billionaire Ken Griffin hit as Silvergate stock price plunges March 2, 2023

Silvergate shares soar after Citadel Securities discloses 5.5% stake February 14, 2023

Silvergate Capital shares plunge nearly 50% amid crypto-related negativity January 5, 2023

Silvergate CEO says short-sellers spreading misinformation December 6, 2022

Silvergate down 10% after announcing fourth-quarter financials for 2021 January 18, 2022

Siemens’ share price up on €4 billion share buyback programme November 7, 2013

Siemens share price: No plans to dismantle infrastructure unit November 1, 2013

Siemens to Shut down Solar Power Unit June 18, 2013

Quick info

Country

United States

Industry

Commercial Banking

Sector

Finance and Insurance

Employees

279

CEO

Alan Lane

Address

4250 Executive Sq Ste 300
La Jolla
California
92037-9104

Phone

18583626300

Website

www.silvergatebank.com

Ticker Symbol

Exchange

New York Stock Exchange

Reporting Currency

USD

Silvergate Capital Corporation income statements (2022) (USD)

	August 2022	August 2022	May 2022	February 2022
Total Revenue	81M	81M	60.89M	54.72M
Cost of Revenue	0	0	-2.47M	0
Gross Profit	81M	81M	63.37M	54.72M
Research & Development	0	0	0	0
Selling General & Admin	1.97M	1.97M	3.78M	2.89M
Operating Expense	31.59M	31.59M	25.89M	25.93M
Operating Income	49.41M	49.41M	35.01M	28.79M
Other Income Expense Net	0	0	0	0
EBIT	49.41M	49.41M	35.01M	28.79M
Interest Income	0	0	0	0
Pretax Income	49.21M	49.21M	34.40M	23.61M
Income Tax	10.60M	10.60M	7.02M	2.21M
Minority Interest	0	0	0	0
Net Income	35.92M	35.92M	24.70M	18.38M
Net Income Basic	35.92M	35.92M	24.70M	18.38M

Silvergate Capital Corporation income statements (2021) (USD)

	November 2021	August 2021	May 2021	March 2021
Total Revenue	46.80M	42.74M	31.40M	27.06M
Cost of Revenue	0	0	0	153K
Gross Profit	46.80M	42.74M	31.40M	26.90M
Research & Development	0	0	0	0
Selling General & Admin	2.18M	1.93M	2.31M	4.29M
Operating Expense	22.61M	21.81M	19.90M	18.10M
Operating Income	24.18M	20.93M	11.50M	8.96M
Other Income Expense Net	0	0	0	0
EBIT	24.18M	20.93M	11.50M	8.96M
Interest Income	0	0	0	0
Pretax Income	29.37M	20.93M	11.50M	8.98M
Income Tax	5.87M	-2K	-1.21M	-141K
Minority Interest	0	0	0	0
Net Income	23.49M	20.94M	12.71M	9.12M
Net Income Basic	23.49M	20.94M	12.71M	9.12M

Silvergate Capital Corporation income statements (2020) (USD)

	November 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	23.27M	N.A	N.A	N.A	N.A
Cost of Revenue	0	N.A	N.A	N.A	N.A
Gross Profit	23.27M	N.A	N.A	N.A	N.A
Research & Development	0	N.A	N.A	N.A	N.A
Selling General & Admin	1.94M	N.A	N.A	N.A	N.A
Operating Expense	14.49M	N.A	N.A	N.A	N.A
Operating Income	8.78M	N.A	N.A	N.A	N.A
Other Income Expense Net	0	N.A	N.A	N.A	N.A
EBIT	8.78M	N.A	N.A	N.A	N.A
Interest Income	0	322K	311K	533K	533K
Pretax Income	8.76M	8.76M	7.29M	6.17M	6.17M
Income Tax	1.70M	1.70M	1.83M	1.77M	1.77M
Minority Interest	0	0	0	0	0
Net Income	7.06M	7.06M	5.47M	4.39M	4.39M
Net Income Basic	7.06M	7.06M	5.47M	4.39M	4.39M

Silvergate Capital Corporation income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	689K	560K	710K	406K
Pretax Income	5.10M	9.29M	6.85M	13.43M
Income Tax	1.50M	2.63M	1.69M	4M
Minority Interest	0	0	0	0
Net Income	3.60M	6.66M	5.16M	9.44M
Net Income Basic	3.60M	6.66M	5.16M	9.44M

Silvergate Capital Corporation income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	337K	337K	328K	340K
Pretax Income	10.56M	8.74M	6.20M	4.90M
Income Tax	2.54M	2.46M	1.71M	1.36M
Minority Interest	0	0	0	0
Net Income	8.02M	6.28M	4.49M	3.54M
Net Income Basic	8.02M	6.28M	4.49M	3.54M

Silvergate Capital Corporation income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A
EBIT	N.A	N.A	N.A
Interest Income	391K	699K	508K
Pretax Income	5.30M	3.88M	3.13M
Income Tax	3.36M	1.52M	1.21M
Minority Interest	0	0	0
Net Income	1.94M	2.36M	1.93M
Net Income Basic	1.94M	2.36M	1.93M

Silvergate Capital Corporation balance sheet (2022) (USD)

	August 2022	August 2022	May 2022	February 2022
Current Cash	0	0	0	0
Receivables	72.46M	72.46M	62.57M	40.37M
Inventory	0	0	0	0
Current Assets	15.42B	15.42B	15.45B	15.90B
Other Current Assets	105M	105M	46.42M	34.06M
Short Term Investments	14.50B	14.50B	14.44B	14.77B
Long Term Investments	481.44M	481.44M	350.52M	103.36M
Property/Plant Equipment	3.33M	3.33M	1.68M	3.01M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	190.46M	190.46M	189.98M	0
Tangible Assets (Net)	1.23B	1.23B	1.36B	1.61B
Other Assets	287.65M	287.65M	158.87M	100.35M
Total Assets	15.90B	15.90B	15.80B	16.01B
Accounts Payable	0	0	0	0
Other Current Liabilities	13.61B	13.61B	13.44B	14.38B
Total Current Liabilities	14.42B	14.42B	14.25B	14.40B
Total Liabilities	14.48B	14.48B	14.25B	14.40B
Long Term Debt	0	0	0	0
Current Long Term Debt	815.85M	815.85M	815.85M	15.85M
Minority Interest	0	0	0	0
Common Stock	31.64M	31.64M	31.22M	27.59M
Treasury Stock	0	0	0	0
Retained Earnings	254.48M	254.48M	218.56M	193.86M
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	1.42B	1.42B	1.55B	1.61B
Other Liabilities	N.A	N.A	N.A	N.A

Silvergate Capital Corporation balance sheet (2021) (USD)

	November 2021	August 2021	May 2021	March 2021
Current Cash	0	0	0	0
Receivables	32.15M	24.51M	9.43M	8.70M
Inventory	0	0	0	0
Current Assets	12.75B	12.25B	7.74B	5.57B
Other Current Assets	37.21M	39.45M	34.44M	31.10M
Short Term Investments	11.74B	11.44B	6.98B	4.80B
Long Term Investments	26.35M	35.23M	21.88M	17.77M
Property/Plant Equipment	1.48M	1.60M	1.76M	2.07M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	0	0	0	0
Tangible Assets (Net)	1.07B	870.51M	713.62M	294.30M
Other Assets	24.87M	33.63M	20.12M	15.70M
Total Assets	12.78B	12.29B	7.76B	5.59B
Accounts Payable	0	0	0	0
Other Current Liabilities	11.69B	11.40B	7.03B	5.28B
Total Current Liabilities	11.70B	11.42B	7.04B	5.29B
Total Liabilities	11.70B	11.42B	7.04B	5.29B
Long Term Debt	0	0	0	0
Current Long Term Debt	15.84M	15.84M	15.83M	15.83M
Minority Interest	0	0	0	0
Common Stock	26.53M	25.71M	22.50M	18.74M
Treasury Stock	0	0	0	0
Retained Earnings	175.49M	151.99M	131.06M	118.35M
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	1.07B	870.51M	713.62M	294.30M
Other Liabilities	N.A	N.A	N.A	N.A

Silvergate Capital Corporation balance sheet (2020) (USD)

	November 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	0	N.A	N.A	N.A	N.A
Receivables	7.39M	N.A	N.A	N.A	N.A
Inventory	0	N.A	N.A	N.A	N.A
Current Assets	2.60B	204.89M	207.20M	172.54M	172.54M
Other Current Assets	35.03M	N.A	N.A	N.A	N.A
Short Term Investments	1.66B	N.A	N.A	N.A	N.A
Long Term Investments	19.98M	897.15M	556.77M	642.22M	642.22M
Property/Plant Equipment	3.12M	6.60M	7.17M	7.62M	7.62M
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	0	N.A	N.A	N.A	N.A
Tangible Assets (Net)	283.76M	283.76M	268.11M	244.75M	244.75M
Other Assets	13.35M	14.24M	10.60M	8.02M	8.02M
Total Assets	2.62B	2.62B	2.34B	2.31B	2.31B
Accounts Payable	0	N.A	N.A	N.A	N.A
Other Current Liabilities	2.31B	2.16B	1.56B	1.75B	1.75B
Total Current Liabilities	2.33B	2.16B	1.56B	1.75B	1.75B
Total Liabilities	2.34B	2.34B	2.07B	2.07B	2.07B
Long Term Debt	0	29.60M	379.97M	50.34M	50.34M
Current Long Term Debt	25.83M	N.A	N.A	N.A	N.A
Minority Interest	0	0	0	0	0
Common Stock	132.83M	N.A	18.68M	18.67M	18.67M
Treasury Stock	0	N.A	N.A	N.A	N.A
Retained Earnings	109.23M	109.23M	102.17M	96.70M	96.70M
Capital Surplus	N.A	132.65M	132.48M	132.34M	132.34M
Shareholder Equity	283.76M	283.76M	268.11M	244.75M	244.75M
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Silvergate Capital Corporation balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	139.68M	166.21M	347.77M	538.53M
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	531.39M	498.46M	600.86M	766.62M
Property/Plant Equipment	7.83M	8.15M	8.56M	3.20M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	N.A	N.A	N.A	N.A
Tangible Assets (Net)	231.04M	230.61M	214.75M	201.14M
Other Assets	8.60M	8.01M	8.96M	25.22M
Total Assets	2.13B	2.14B	2.24B	1.89B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	1.50B	1.86B	1.95B	1.61B
Total Current Liabilities	1.55B	1.86B	2B	1.61B
Total Liabilities	1.90B	1.91B	2.03B	1.69B
Long Term Debt	21.59M	44.64M	23.72M	77.23M
Current Long Term Debt	50.14M	N.A	54.69M	N.A
Minority Interest	0	0	0	0
Common Stock	18.67M	17.84M	17.84M	17.82M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	92.31M	88.71M	82.06M	76.90M
Capital Surplus	132.14M	125.57M	125.60M	125.68M
Shareholder Equity	231.04M	230.61M	214.75M	201.14M
Other Liabilities	N.A	N.A	N.A	N.A

Silvergate Capital Corporation balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	680.22M	0.95B	555.14M	763.46M
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	1.02B	1.13B	756.17M	0.92B
Property/Plant Equipment	3.66M	2.68M	2.39M	2.01M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	N.A	N.A	N.A	N.A
Tangible Assets (Net)	191.25M	183.38M	176.71M	173.06M
Other Assets	5.79M	4.70M	4.77M	3.37M
Total Assets	2.01B	2.15B	1.72B	1.90B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	1.76B	1.95B	1.53B	1.63B
Total Current Liabilities	1.76B	1.95B	1.53B	1.63B
Total Liabilities	1.81B	1.97B	1.55B	1.73B
Long Term Debt	19.52M	20.94M	21.22M	21.51M
Current Long Term Debt	1.14M	N.A	N.A	N.A
Minority Interest	0	0	0	0
Common Stock	17.82M	17.81M	17.81M	17.81M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	67.46M	59.44M	53.17M	48.67M
Capital Surplus	125.67M	125.61M	125.58M	126.27M
Shareholder Equity	191.25M	183.38M	176.71M	173.06M
Other Liabilities	N.A	N.A	N.A	N.A

Silvergate Capital Corporation balance sheet (2017) (USD)

	December 2017	June 2017
Current Cash	N.A	N.A
Receivables	N.A	N.A
Inventory	N.A	N.A
Current Assets	803.89M	N.A
Other Current Assets	N.A	N.A
Short Term Investments	N.A	N.A
Long Term Investments	0.99B	N.A
Property/Plant Equipment	1.75M	N.A
Good Will	N.A	N.A
Intangible Assets	N.A	N.A
Tangible Assets (Net)	73.80M	N.A
Other Assets	3.41M	N.A
Total Assets	1.89B	N.A
Accounts Payable	N.A	N.A
Other Current Liabilities	1.78B	N.A
Total Current Liabilities	1.78B	N.A
Total Liabilities	1.82B	N.A
Long Term Debt	36.79M	N.A
Current Long Term Debt	N.A	N.A
Minority Interest	0	0
Common Stock	17.81M	17.81M
Treasury Stock	N.A	N.A
Retained Earnings	45.13M	N.A
Capital Surplus	29.79M	N.A
Shareholder Equity	73.80M	N.A
Other Liabilities	N.A	N.A

Silvergate Capital Corporation cash flow (2022) (USD)

	November 2022	August 2022
Net Income	40.64M	35.92M
Depreciation	0.90M	813K
Changes in Receivables	78.80M	72.46M
Changes in Inventories	0	0
Cash Change	465.85M	256.38M
Cash Flow	100.30M	155.21M
Capital Expenditures	-4.21M	-0.98M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	257.43M	251.14M
Dividends Paid	N.A	N.A
Net Borrowings	-13.73B	-14.27B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	-364.7M	101.93M
Exchange Rate Effect	N.A	N.A

Silvergate Capital Corporation cash flow (2021) (USD)

	November 2021
Net Income	23.49M
Depreciation	623K
Changes in Receivables	32.15M
Changes in Inventories	0
Cash Change	168.63M
Cash Flow	-4.27M
Capital Expenditures	-91K
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-1.16B
Dividends Paid	N.A
Net Borrowings	-12.53B
Other Financing Cash Flows	N.A
Cash Flow Financing	484.92M
Exchange Rate Effect	N.A

Silvergate Capital Corporation cash flow (2020) (USD)

	November 2020	June 2020	March 2020
Net Income	7.06M	5.47M	4.39M
Depreciation	2.54M	N.A	830K
Changes in Receivables	-315K	N.A	N.A
Changes in Inventories	0	N.A	N.A
Cash Change	-1.96M	33.24M	32.60M
Cash Flow	-287.55M	3.11M	4.13M
Capital Expenditures	-788K	-274K	-391K
Investments	N.A	701K	-27.14M
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-73.17M	32.21M	-138.09M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	-2.37B	21.79M	-21.79M
Other Financing Cash Flows	N.A	-25K	45K
Cash Flow Financing	424.60M	186.23M	-21.74M
Exchange Rate Effect	N.A	N.A	N.A

Silvergate Capital Corporation cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	3.60M	6.66M	5.16M	9.44M
Depreciation	N.A	N.A	N.A	255K
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-26.65M	-181.1M	-191.66M	-141.4M
Cash Flow	-11.37M	9.53M	17.07M	4.86M
Capital Expenditures	-271K	-185K	-322K	-435K
Investments	28.26M	37.01M	-462.03M	-93.8M
Investing Activity (other)	N.A	N.A	2.56M	-2.56M
Total Investing Cash Flows	-17.09M	-66.27M	-544.99M	-93.1M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-4.73M	-124.39M	336.30M	-53.23M
Other Financing Cash Flows	60K	24K	-34K	78K
Cash Flow Financing	1.80M	-124.36M	336.26M	-53.15M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Silvergate Capital Corporation cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	8.02M	6.28M	4.49M	3.54M
Depreciation	N.A	N.A	N.A	283K
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-275.91M	399.27M	-206.62M	-39.99M
Cash Flow	4.47M	6.81M	3.42M	5.86M
Capital Expenditures	-1.18M	-460K	-603K	-421K
Investments	-54.24M	-24.93M	3.93M	-70.52M
Investing Activity (other)	-6K	N.A	N.A	N.A
Total Investing Cash Flows	-125.81M	-26.45M	-28.25M	-50.86M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-154.61M	418.89M	-181.02M	-91.55M
Other Financing Cash Flows	9K	7K	-803K	N.A
Cash Flow Financing	-154.57M	418.90M	-181.79M	5.01M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Silvergate Capital Corporation cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	1.94M	2.36M	1.93M
Depreciation	N.A	N.A	N.A
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	554.39M	-5.59M	222.28M
Cash Flow	1.85M	2.67M	712K
Capital Expenditures	-454K	-88K	N.A
Investments	-95.12M	138K	-871K
Investing Activity (other)	-5K	N.A	N.A
Total Investing Cash Flows	-117.77M	-16.88M	-32.85M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	670.31M	8.62M	254.42M
Other Financing Cash Flows	-1K	1K	-1K
Cash Flow Financing	670.31M	8.62M	254.42M
Exchange Rate Effect	N.A	N.A	N.A