SVB Financial Group Q3 Earnings Rise 36%

(RTTNews) - SVB Financial Group (SIVB) released a profit for its third quarter that climbed from last year.

The company said its bottom line came in at $111.1 million, or $2.12 per share. This was higher than $81.7 million, or $1.57 per share, in last year's third quarter.

Analysts had expected the company to earn $1.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.3% to $433.30 million. This was up from $363.14 million last year.

SVB Financial Group earnings at a glance:

-Earnings (Q3): $111.1 Mln. vs. $81.7 Mln. last year. -Earnings Growth (Y-o-Y): 36.0% -EPS (Q3): $2.12 vs. $1.57 last year. -EPS Growth (Y-o-Y): 35.0% -Analysts Estimate: $1.73 -Revenue (Q3): $433.30 Mln vs. $363.14 Mln last year. -Revenue Change (Y-o-Y): 19.3%