Silvergate Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Interest Income on Loans	82.05	68.62	54.73	51.45	48.1
Interest Income on Investments	245.26	61.78	24.86	29.59	24.65
Total Interest Income	327.31	130.39	79.59	81.04	72.75
Interest Paid on Deposits	23.53	0.13	5.81	7.71	1.79
Interest Paid on Borrowings	48.16	0.99	1.42	2.37	1.34
Total Interest Expense	71.7	1.13	7.23	10.08	3.13
Net Interest Income	255.62	129.27	72.36	70.96	69.62
Net Interest Income Growth (YoY)	97.74%	78.63%	1.98%	1.92%	65.96%
Mortgage Banking Activities	1.86	3.06	2.54	1.47	1.51
Gain (Loss) on Sale of Assets	-	0.9	-	5.51	-
Gain (Loss) on Sale of Investments	-886.18	5.24	3.75	0.72	-
Other Non-Interest Income	-7.8	0.08	0.27	0.28	0.49
Total Non-Interest Income	-860.15	45.26	18.25	15.75	7.56
Non-Interest Income Growth (YoY)	-	147.95%	15.86%	108.30%	119.34%
Revenues Before Loan Losses	-604.53	174.52	90.62	86.71	77.19
Provision for Loan Losses	-3.58	-	0.74	-0.44	-1.53
Revenue	-600.95	174.52	89.87	87.15	78.71
Revenue Growth (YoY)	-	94.19%	3.13%	10.72%	74.39%
Salaries and Employee Benefits	78.24	43.86	35.61	33.72	29.79
Occupancy Expenses	3.32	1.61	2.72	1.9	1.69
Federal Deposit Insurance	5.68	13.54	1.17	0.42	1.23
Selling, General & Administrative	41.81	26.48	16.84	14.84	14
Other Non-Interest Expense	4.94	3.63	1.86	1.6	1.58
Total Non-Interest Expense	133.99	89.12	58.21	52.48	48.31
EBT Excluding Unusual Items	-734.95	85.4	31.67	34.67	30.4
Asset Writedown	-196.22	-	-1.4	-	-
Other Unusual Items	-	-	0.93	-	-
Pretax Income	-931.17	85.4	31.19	34.67	30.4
Income Tax Expense	6.74	6.88	5.16	9.83	8.07
Net Income	-937.91	78.53	26.04	24.85	22.33
Preferred Dividends & Other Adjustments	10.75	3.02	-	-	-
Net Income to Common	-948.66	75.51	26.04	24.85	22.33
Net Income Growth	-	201.59%	4.80%	11.25%	192.20%
Basic Shares Outstanding	32	26	19	18	17
Diluted Shares Outstanding	32	26	19	18	17
Shares Change (YoY)	21.69%	35.17%	4.31%	8.00%	76.99%
EPS (Basic)	-30.07	2.95	1.39	1.38	1.35
EPS (Diluted)	-30.07	2.91	1.36	1.35	1.31
EPS Growth	-	113.97%	0.74%	3.05%	65.82%
Effective Tax Rate	-	8.05%	16.53%	28.34%	26.53%

Updated Jan 17, 2023. Source: S&P Global Market Intelligence. Banks template. Financial Sources.