SVB Financial Group Bottom Line Climbs 26% In Q4

(RTTNews) - SVB Financial Group (SIVB) revealed a profit for its fourth quarter that advanced from last year.

The company said its bottom line advanced to $87.51 million, or $1.68 per share. This was up from $69.43 million, or $1.36 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.7% to $383.58 million. This was down from $402.37 million last year.

SVB Financial Group earnings at a glance:

-Earnings (Q4): $87.51 Mln. vs. $69.43 Mln. last year. -Earnings Growth (Y-o-Y): 26.0% -EPS (Q4): $1.68 vs. $1.36 last year. -EPS Growth (Y-o-Y): 23.5% -Analysts Estimate: $1.53 -Revenue (Q4): $383.58 Mln vs. $402.37 Mln last year. -Revenue Change (Y-o-Y): -4.7%