This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSVB Financial Group (SIVB *) 주식 개요MNSN Holdings Inc. was founded in 1983 and is based in Santa Clara, California. 자세히 보기SIVB * 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적2/6재무 건전성6/6배당0/6위험 분석The company has been declared insolvent. All analysis is deemed invalid until further notice.주식은 유동성이 매우 낮습니다의미 있는 시가총액이 없습니다(MX$374M)모든 위험 점검 보기SIVB * Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,113 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG491,113 investors already sharing narrativesYour Fair ValueMex$Current PriceMex$1.94k26.6k% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture017b2016201920222025202620282031Revenue US$16.8bEarnings US$4.4bAdvancedSet Fair ValueView all narrativesSVB Financial Group 경쟁사Banco Actinver Institución de Banca Múltiple Grupo Financiero ActinverSymbol: BMV:INFRAEX 18Market cap: Mex$47.0mBanco del Bajío Institución de Banca MúltipleSymbol: BMV:BBAJIO OMarket cap: Mex$66.8bCargills BankSymbol: COSE:CBNK.N0000Market cap: LK₨9.9bGrupo Financiero Inbursa. deSymbol: BMV:GFINBUR OMarket cap: Mex$249.1b가격 이력 및 성과SVB Financial Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$1,937.3852주 최고가US$9,241.1752주 최저가US$1,937.38베타1.411개월 변동0%3개월 변동-63.58%1년 변동-79.67%3년 변동n/a5년 변동n/aIPO 이후 변동-53.62%최근 뉴스 및 업데이트공시 • May 31+ 1 more updateFirst Amended Disclosure Statement Approved for SVB Financial GroupThe US Bankruptcy Court approved the first amended disclosure statement of SVB Financial Group on May 30, 2024. The debtor had filed its amended disclosure statement in the Court on May 3, 2024. May 14, 2024 has been fixed as voting record date. The deadline to vote on the plan is July 3, 2024, and the plan objection deadline is July 8, 2024. The confirmation hearing for the plan has been scheduled for July 15, 2024, and if necessary, will continue on July 16, 2024, through July 18, 2024 and July 22, 2024 through July 25, 2024.공시 • May 18Second Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a second amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 16, 2024. As per the amended plan filed, Other General Unsecured Claims of $180.4 million shall be recovered 93% i.e., $167.77 million and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it and all holders of Senior Notes Claims and Other General Unsecured Claims were Qualified Holders, and its Pro Rata share of the Class A-2 Trust Units or if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. There are no changes in treatment of any other claim class or sources of plan funding.공시 • May 05First Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a first amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 3, 2024. As per the amended plan filed, other priority claims are estimated to be in the amount of $0. Senior note claims of $3,329 million shall be recovered between 41%-96% and shall receive its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if such holder is a qualified holder, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, (b) its Pro Rata share of the Class A Trust Units and (c) payment by the Debtor in Cash of the Senior Note Trustee Expenses, to the extent not otherwise paid by the Debtor under the Plan. Other general unsecured claims of $180.4 million shall be recovered between 41%-96% and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, and (ii) its Pro Rata share (together with all Holders receiving Distributions of the Class A Trust Units) of the Class A Trust Units; or (b) if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. Subordinated note claims of $104.5 million shall be recovered 0%. Preferred equity interests of $3,700 million shall be recovered 0% and shall receive pro rata share of Class C Trust Units. There are no changes in the treatment of any claim class or sources of plan funding.공시 • Apr 12Motion for Asset Sale Approved for SVB Financial GroupThe US Bankruptcy Court gave an order approving the sale of interest in subsidiary of SVB Financial Group on April 10, 2024. The debtor has been authorized to sell its 98.12% of the issued and outstanding limited liability partnership interests of non-debtor SVB Global Services India LLP to First Citizens Global I, Inc. and 1.88% of the issued and outstanding limited liability partnership interests of SVB India to First Citizens Global II, Inc., for purchase price consisting of $0.43 million in cash plus an amount in cash equal to $21.37 million minus an amount up to $8.94 million for any amounts outstanding owed by the debtor and its affiliates to first-citizens and its affiliates contemplated by that certain invoice attached to the purchase agreement as schedule 2.2(d), $3 million of which is to be placed in escrow in accordance with the purchase agreement. The debtor’s assets include issued and outstanding capital of SVB Global Services India LLP. The buyer, First Citizens Global I, Inc., is represented by Gerald F. Roach of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. as its legal advisor.공시 • Mar 21First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q) on March 18, 2024. The agreement is subject to final approval of the Bankruptcy Court and regulatory approval in India, as well as other customary closing conditions. A hearing to seek required Bankruptcy Court approval is scheduled for April 9, 2024, and the transaction is expected to close shortly thereafter.공시 • Aug 24Silicon Valley Bank Announces Executive ChangesSilicon Valley Bank (SVB) has announced the appointment of leaders for payments and digital solutions. Martin Murrell had been named head of global payments, while the bank appointed Milton Santiago as new global digital solutions head. Murrell is to oversee teams handling the bank's payments products. He has 25 years of banking experience. Santiago has more than 30 years of experience in the banking industry.더 많은 업데이트 보기Recent updates공시 • May 31+ 1 more updateFirst Amended Disclosure Statement Approved for SVB Financial GroupThe US Bankruptcy Court approved the first amended disclosure statement of SVB Financial Group on May 30, 2024. The debtor had filed its amended disclosure statement in the Court on May 3, 2024. May 14, 2024 has been fixed as voting record date. The deadline to vote on the plan is July 3, 2024, and the plan objection deadline is July 8, 2024. The confirmation hearing for the plan has been scheduled for July 15, 2024, and if necessary, will continue on July 16, 2024, through July 18, 2024 and July 22, 2024 through July 25, 2024.공시 • May 18Second Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a second amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 16, 2024. As per the amended plan filed, Other General Unsecured Claims of $180.4 million shall be recovered 93% i.e., $167.77 million and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it and all holders of Senior Notes Claims and Other General Unsecured Claims were Qualified Holders, and its Pro Rata share of the Class A-2 Trust Units or if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. There are no changes in treatment of any other claim class or sources of plan funding.공시 • May 05First Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a first amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 3, 2024. As per the amended plan filed, other priority claims are estimated to be in the amount of $0. Senior note claims of $3,329 million shall be recovered between 41%-96% and shall receive its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if such holder is a qualified holder, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, (b) its Pro Rata share of the Class A Trust Units and (c) payment by the Debtor in Cash of the Senior Note Trustee Expenses, to the extent not otherwise paid by the Debtor under the Plan. Other general unsecured claims of $180.4 million shall be recovered between 41%-96% and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, and (ii) its Pro Rata share (together with all Holders receiving Distributions of the Class A Trust Units) of the Class A Trust Units; or (b) if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. Subordinated note claims of $104.5 million shall be recovered 0%. Preferred equity interests of $3,700 million shall be recovered 0% and shall receive pro rata share of Class C Trust Units. There are no changes in the treatment of any claim class or sources of plan funding.공시 • Apr 12Motion for Asset Sale Approved for SVB Financial GroupThe US Bankruptcy Court gave an order approving the sale of interest in subsidiary of SVB Financial Group on April 10, 2024. The debtor has been authorized to sell its 98.12% of the issued and outstanding limited liability partnership interests of non-debtor SVB Global Services India LLP to First Citizens Global I, Inc. and 1.88% of the issued and outstanding limited liability partnership interests of SVB India to First Citizens Global II, Inc., for purchase price consisting of $0.43 million in cash plus an amount in cash equal to $21.37 million minus an amount up to $8.94 million for any amounts outstanding owed by the debtor and its affiliates to first-citizens and its affiliates contemplated by that certain invoice attached to the purchase agreement as schedule 2.2(d), $3 million of which is to be placed in escrow in accordance with the purchase agreement. The debtor’s assets include issued and outstanding capital of SVB Global Services India LLP. The buyer, First Citizens Global I, Inc., is represented by Gerald F. Roach of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. as its legal advisor.공시 • Mar 21First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q) on March 18, 2024. The agreement is subject to final approval of the Bankruptcy Court and regulatory approval in India, as well as other customary closing conditions. A hearing to seek required Bankruptcy Court approval is scheduled for April 9, 2024, and the transaction is expected to close shortly thereafter.공시 • Aug 24Silicon Valley Bank Announces Executive ChangesSilicon Valley Bank (SVB) has announced the appointment of leaders for payments and digital solutions. Martin Murrell had been named head of global payments, while the bank appointed Milton Santiago as new global digital solutions head. Murrell is to oversee teams handling the bank's payments products. He has 25 years of banking experience. Santiago has more than 30 years of experience in the banking industry.공시 • Jul 26SVB Financial Group Announces Board AppointmentsEffective July 24, 2023, the board of directors (the “Board”) of SVB Financial Group (the “Company”) increased the size of the Board from eleven to thirteen directors and appointed Steven G. Panagos and C. Allen Parker to fill the vacancies created by the increase in the size of the Board. The Board also determined that Messrs. Panagos and Parker are independent directors as defined by the listing standards of the Nasdaq Stock Market LLC and has appointed them as members of a newly created special committee and the Board’s Restructuring Committee. C. Allen Parker, 68, has extensive experience in corporate governance, including at financial institutions, that make him a valuable addition to the Board. From July 2020 through July 2022, Mr. Parker was a Senior Advisor to the global consulting firm McKinsey & Co. in its Financial Institutions practice, and he was an executive at Wells Fargo & Company from March 2017 until March 2020. He joined Wells Fargo initially as the General Counsel and was later appointed by the Wells Fargo Board of Directors to be the Interim Chief Executive Officer, a role he held for seven months. He was also a member of the Wells Fargo Board of Directors during that period. Prior to joining Wells Fargo, Mr. Parker was a partner at Cravath, Swaine & Moore LLP, an international law firm. Over his 27 years as a partner at Cravath, he specialized in finance and corporate governance, was a member of the firm’s Corporate Governance and Board Advisory Practice, and served in a variety of firm leadership roles. From January 2013 through December 2016, Mr. Parker served as Cravath’s fifteenth presiding partner. Steven G. Panagos, 61, has extensive corporate transformation and restructuring experience that make him a valuable addition to the Board. As an independent director, Mr. Panagos has led numerous special committees empowered to run, structure, evaluate and transact M&A processes, refinancings, recapitalizations, and special investigations both in court and out of court. Mr. Panagos currently serves as an independent director on the board of directors of several companies, including iMedia Brands Inc. (IMBI). Mr. Panagos was Vice Chairman and Managing Director of the Recapitalization & Restructuring Group at Moelis & Company, from which he retired in June 2019. Prior to his tenure with Moelis & Company, he was a Principal of Panagos Katz Situational Investing, which he founded in February 2008 to invest in the debt of financially distressed companies. Mr. Panagos also spent 20 years with Zolfo Cooper, where he served as National Practice Leader of the Corporate Advisory & Restructuring group.공시 • Jun 19The Baupost Group, L.L.C. and management team led by Jeff Leerink entered into a definitive agreement to acquire SVB Securities Holdings LLC from SVB Financial Group (OTCPK:SIVB.Q).The Baupost Group, L.L.C. and management team led by Jeff Leerink entered into a definitive agreement to acquire SVB Securities Holdings LLC from SVB Financial Group (OTCPK:SIVB.Q) on June 15, 2023. Under the terms of the purchase agreement, the bidder group will acquire the investment banking business for a combination of cash, repayment of an intercompany note, the assumption of certain liabilities (including significant deferred compensation obligations), and a 5% equity instrument in the buyer entity. MoffettNathanson LLC, a sell-side research business owned by SVB Financial Group, is not included in the transaction and will remain part of SVB Financial Group. In connection with the management buyout, SVB Securities will be rebranded Leerink Partners. The agreement is subject to final approval of the Bankruptcy Court and regulatory approval, as well as other customary closing conditions. Centerview Partners LLC acted as financial advisor to SVB Financial. Sullivan & Cromwell LLP aced as legal advisor to SVB Financial. Alvarez & Marsal acted as restructuring advisor to SVB Financial. Rothschild & Co US Inc. acted as financial advisor to both management and Baupost Group. Willkie Farr & Gallagher LLP acted as legal advisor to Baupost Group. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to management team.공시 • Jun 02SVB Securities Management in Talks for BuyoutSVB Securities management is in talks to buy back the investment bank from bankrupt SVB Financial Group (OTCPK:SIVB.Q), according to people familiar with the matter. SVB Securities Chief Executive Officer Jeff Leerink and his team are preparing to announce a deal for the firm in the coming days, pending approval from the US Bankruptcy Court for the Southern District of New York, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could still fall apart.공시 • May 10SVB Financial Group announced delayed 10-Q filingOn 05/09/2023, SVB Financial Group announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • May 05Levi & Korsinsky Notifies SVB Financial Group Investors of A Class Action LawsuitLevi & Korsinsky, LLP notifies investors in SVB Financial Group of a class action securities lawsuit. The lawsuit seeks to recover losses on behalf of SVB investors who were adversely affected by alleged securities fraud between November 5, 2020 and March 10, 2023. The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, SVB would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run; (4) as a result, defendants' public statements were materially false and/or misleading at all relevant times.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 64%After last week's 64% share price decline to Mex$1,937, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Banks industry in Mexico. Total loss to shareholders of 47% over the past three years.Reported Earnings • Mar 01Full year 2022 earnings released: EPS: US$25.58 (vs US$31.74 in FY 2021)Full year 2022 results: EPS: US$25.58 (down from US$31.74 in FY 2021). Revenue: US$5.79b (flat on FY 2021). Net income: US$1.51b (down 15% from FY 2021). Profit margin: 26% (down from 31% in FY 2021). Net interest margin (NIM): 2.16% (up from 2.02% in FY 2021). Cost-to-income ratio: 58.3% (up from 51.9% in FY 2021). Non-performing loans: 0.18% (up from 0.14% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Mexico. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year.공시 • Feb 10Silicon Valley Bank Announces Executive ChangesSilicon Valley Bank has announced a new leadership. The firm has announced that it has appointed Ashraf Hebela as its new head of Technology Healthcare Banking for North America. He is to take over from Dave Sabow, who the bank had recently appointed as CEO of Silicon Valley Bank UK and Head of EMEA. The firm has also appointed Lewis Hower as head of Startup Banking.Reported Earnings • Jan 20Full year 2022 earnings released: EPS: US$23.45 (vs US$31.74 in FY 2021)Full year 2022 results: EPS: US$23.45 (down from US$31.74 in FY 2021). Revenue: US$5.79b (flat on FY 2021). Net income: US$1.38b (down 22% from FY 2021). Profit margin: 24% (down from 31% in FY 2021). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Mexico.공시 • Jan 20SVB Financial Group Provides Earnings Guidance for the First Quarter and Full Year of 2023SVB Financial Group provided earnings guidance for the first quarter and full year of 2023. For the quarter, the company expects Net interest income to be $925 million to $955 million.For the year, the company expects Net interest income of High teens decline compared to 2022.공시 • Jan 06+ 1 more updateSVB Financial Group to Report Q4, 2023 Results on Jan 18, 2024SVB Financial Group announced that they will report Q4, 2023 results on Jan 18, 2024공시 • Jan 05SVB Appoints Kim Olson as Chief Risk OfficerSVB announced the appointment of Kim Olson as Chief Risk Officer (CRO). In this role, Olson will lead the Risk function and team, developing and maintaining SVB's risk management framework and a culture of risk management across the company. Olson has thirty years of financial services experience. She joins SVB from Sumitomo Mitsui Banking Corporation (SMBC), where she served as the Chief Risk Officer for SMBC in the Americas, and an Executive Officer of SMBC and Sumitomo Mitsui Financial Group. Prior to SMBC, Olson held senior risk management roles at other leading global financial institutions. She also has rating agency experience, as well as experience in professional services advising large- and medium-sized financial institutions on evolving regulations, risk management and stress testing following the 2008 financial crisis. Olson began her career at the Federal Reserve Bank of New York, where over a period of 10 years she held a variety of senior policy, regulatory and examination roles in banking supervision. Olson is based in SVB's New York office. She holds a bachelor's degree in political science from Santa Clara University and a master's degree in public administration from Harvard University.Reported Earnings • Oct 22Third quarter 2022 earnings released: EPS: US$7.26 (vs US$6.32 in 3Q 2021)Third quarter 2022 results: EPS: US$7.26 (up from US$6.32 in 3Q 2021). Revenue: US$1.49b (down 1.2% from 3Q 2021). Net income: US$429.0m (up 18% from 3Q 2021). Profit margin: 29% (up from 24% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Mexico. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • Oct 07SVB Financial Group to Report Q3, 2023 Results on Oct 19, 2023SVB Financial Group announced that they will report Q3, 2023 results on Oct 19, 2023Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: US$5.65 (vs US$9.24 in 2Q 2021)Second quarter 2022 results: EPS: US$5.65 (down from US$9.24 in 2Q 2021). Revenue: US$1.33b (down 8.3% from 2Q 2021). Net income: US$333.0m (down 34% from 2Q 2021). Profit margin: 25% (down from 35% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 34%, compared to a 29% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.공시 • Jul 08SVB Financial Group to Report Q1, 2023 Results on Apr 20, 2023SVB Financial Group announced that they will report Q1, 2023 results on Apr 20, 2023Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: US$8.03 (vs US$10.20 in 1Q 2021)First quarter 2022 results: EPS: US$8.03 (down from US$10.20 in 1Q 2021). Revenue: US$1.59b (up 15% from 1Q 2021). Net income: US$472.0m (down 11% from 1Q 2021). Profit margin: 30% (down from 38% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 30% growth forecast for the industry in Mexico.Buying Opportunity • Apr 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be Mex$13,018, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Mex$11,300, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Banks industry in South America. Total returns to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$10,494 per share.Reported Earnings • Jan 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$31.74 (up from US$23.05 in FY 2020). Revenue: US$5.79b (up 55% from FY 2020). Net income: US$1.77b (up 49% from FY 2020). Profit margin: 31% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 32% growth forecast for the banks industry in Mexico.Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS US$6.32 (vs US$8.53 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$1.50b (up 37% from 3Q 2020). Net income: US$365.0m (down 17% from 3Q 2020). Profit margin: 24% (down from 40% in 3Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Jul 23Second quarter 2021 earnings released: EPS US$9.24 (vs US$4.44 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.45b (up 78% from 2Q 2020). Net income: US$502.0m (up 119% from 2Q 2020). Profit margin: 35% (up from 28% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 12First quarter 2021 earnings released: EPS US$10.20 (vs US$2.57 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.39b (up 138% from 1Q 2020). Net income: US$532.2m (up 302% from 1Q 2020). Profit margin: 38% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue.Executive Departure • May 05Independent Director has left the companyOn the 23rd of April, John Robinson's tenure as Independent Director ended after 10.8 years in the role. As of December 2020, John personally held 3.02k shares (Mex$22m worth at the time). John is the only executive to leave the company over the last 12 months.Reported Earnings • Apr 26First quarter 2021 earnings released: EPS US$10.20 (vs US$2.57 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.39b (up 138% from 1Q 2020). Net income: US$532.2m (up 302% from 1Q 2020). Profit margin: 38% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue.Recent Insider Transactions • Mar 04Independent Chairman of the Board recently sold Mex$52m worth of stockOn the 1st of March, Roger Dunbar sold around 5k shares on-market at roughly Mex$10,987 per share. This was the largest sale by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months.Reported Earnings • Mar 03Full year 2020 earnings released: EPS US$23.05 (vs US$21.90 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$3.78b (up 17% from FY 2019). Net income: US$1.19b (up 4.8% from FY 2019). Profit margin: 32% (down from 35% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.67% (down from 3.51% in FY 2019). Cost-to-income ratio: 55.9% (up from 48.1% in FY 2019). Non-performing loans: 0.23% (down from 0.32% in FY 2019).Analyst Estimate Surprise Post Earnings • Mar 03Revenue beats expectationsRevenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 6.8%, compared to a 36% growth forecast for the Banks industry in Mexico.Recent Insider Transactions • Jan 30President of Silicon Valley Bank recently sold Mex$23m worth of stockOn the 28th of January, Michael Descheneaux sold around 3k shares on-market at roughly Mex$9,203 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$63m more than they bought in the last 12 months.Reported Earnings • Jan 23Full year 2020 earnings released: EPS US$23.05The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$3.78b (up 17% from FY 2019). Net income: US$1.19b (up 4.8% from FY 2019). Profit margin: 32% (down from 35% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Jan 23Revenue beats expectationsRevenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 7.0%, compared to a 32% growth forecast for the Banks industry in Mexico.Reported Earnings • Jan 22Full year 2020 earnings released: EPS US$23.38The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$3.78b (up 17% from FY 2019). Net income: US$1.21b (up 6.3% from FY 2019). Profit margin: 32% (down from 35% in FY 2019). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 29% share price gain to US$9,164, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 8x in the Banks industry in Mexico.Reported Earnings • Nov 09Third quarter 2020 earnings released: EPS US$8.53The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$1.10b (up 41% from 3Q 2019). Net income: US$441.7m (up 65% from 3Q 2019). Profit margin: 40% (up from 34% in 3Q 2019). The increase in margin was driven by higher revenue.Analyst Estimate Surprise Post Earnings • Nov 09Revenue beats expectationsRevenue exceeded analyst estimates by 20%. Over the next year, revenue is forecast to grow 6.3%, compared to a 32% growth forecast for the Banks industry in Mexico.Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$1.07b, down 6.5% from the prior year. Total revenue was US$3.36b over the last 12 months, up 9.5% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 23Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 20% at US$1.08b. Revenue is forecast to grow 3.8% over the next year, compared to a 30% growth forecast for the Banks industry in Mexico.Valuation Update With 7 Day Price Move • Oct 13Market bids up stock over the past weekAfter last week's 15% share price gain to US$5,863, the stock is trading at a trailing P/E ratio of 16x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 6x in the Banks industry in Mexico.주주 수익률SIVB *MX BanksMX 시장7D0%-0.2%-0.5%1Y-79.7%-0.9%15.4%전체 주주 수익률 보기수익률 대 산업: SIVB *은 지난 1년 동안 -0.9%의 수익을 기록한 MX Banks 산업보다 저조한 성과를 냈습니다.수익률 대 시장: SIVB *은 지난 1년 동안 15.4%를 기록한 MX 시장보다 저조한 성과를 냈습니다.주가 변동성Is SIVB *'s price volatile compared to industry and market?SIVB * volatilitySIVB * Average Weekly Movementn/aBanks Industry Average Movement4.9%Market Average Movement3.6%10% most volatile stocks in MX Market6.2%10% least volatile stocks in MX Market2.3%안정적인 주가: SIVB *의 주가는 지난 3개월 동안 MX 시장보다 변동성이 컸습니다.시간에 따른 변동성: Insufficient data to determine SIVB *의 변동성 변화를 판단할 수 없습니다.회사 소개설립직원 수CEO웹사이트19838,553n/an/a더 보기SVB Financial Group 기초 지표 요약SVB Financial Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?SIVB * 기초 통계시가총액Mex$373.78m순이익 (TTM)Mex$26.36b매출 (TTM)Mex$101.19b0.0x주가수익비율(P/E)0.0x주가순자산비율(P/B)SIVB *는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표SIVB * 손익계산서 (TTM)매출US$5.79b매출원가US$0총이익US$5.79b기타 비용US$4.28b순이익US$1.51b최근 보고된 실적Dec 31, 2022다음 실적 발표일Jul 20, 2023주당순이익(EPS)25.46총이익률100.00%순이익률26.05%부채/자본 비율118.2%SIVB *의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/06/06 03:26종가2023/03/09 00:00수익2022/12/31연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스MNSN Holdings Inc.는 26명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullArgus Research CompanyMatthew KeatingBarclaysEbrahim PoonawalaBofA Global Research23명의 분석가 더 보기
Banco Actinver Institución de Banca Múltiple Grupo Financiero ActinverSymbol: BMV:INFRAEX 18Market cap: Mex$47.0m
공시 • May 31+ 1 more updateFirst Amended Disclosure Statement Approved for SVB Financial GroupThe US Bankruptcy Court approved the first amended disclosure statement of SVB Financial Group on May 30, 2024. The debtor had filed its amended disclosure statement in the Court on May 3, 2024. May 14, 2024 has been fixed as voting record date. The deadline to vote on the plan is July 3, 2024, and the plan objection deadline is July 8, 2024. The confirmation hearing for the plan has been scheduled for July 15, 2024, and if necessary, will continue on July 16, 2024, through July 18, 2024 and July 22, 2024 through July 25, 2024.
공시 • May 18Second Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a second amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 16, 2024. As per the amended plan filed, Other General Unsecured Claims of $180.4 million shall be recovered 93% i.e., $167.77 million and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it and all holders of Senior Notes Claims and Other General Unsecured Claims were Qualified Holders, and its Pro Rata share of the Class A-2 Trust Units or if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. There are no changes in treatment of any other claim class or sources of plan funding.
공시 • May 05First Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a first amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 3, 2024. As per the amended plan filed, other priority claims are estimated to be in the amount of $0. Senior note claims of $3,329 million shall be recovered between 41%-96% and shall receive its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if such holder is a qualified holder, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, (b) its Pro Rata share of the Class A Trust Units and (c) payment by the Debtor in Cash of the Senior Note Trustee Expenses, to the extent not otherwise paid by the Debtor under the Plan. Other general unsecured claims of $180.4 million shall be recovered between 41%-96% and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, and (ii) its Pro Rata share (together with all Holders receiving Distributions of the Class A Trust Units) of the Class A Trust Units; or (b) if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. Subordinated note claims of $104.5 million shall be recovered 0%. Preferred equity interests of $3,700 million shall be recovered 0% and shall receive pro rata share of Class C Trust Units. There are no changes in the treatment of any claim class or sources of plan funding.
공시 • Apr 12Motion for Asset Sale Approved for SVB Financial GroupThe US Bankruptcy Court gave an order approving the sale of interest in subsidiary of SVB Financial Group on April 10, 2024. The debtor has been authorized to sell its 98.12% of the issued and outstanding limited liability partnership interests of non-debtor SVB Global Services India LLP to First Citizens Global I, Inc. and 1.88% of the issued and outstanding limited liability partnership interests of SVB India to First Citizens Global II, Inc., for purchase price consisting of $0.43 million in cash plus an amount in cash equal to $21.37 million minus an amount up to $8.94 million for any amounts outstanding owed by the debtor and its affiliates to first-citizens and its affiliates contemplated by that certain invoice attached to the purchase agreement as schedule 2.2(d), $3 million of which is to be placed in escrow in accordance with the purchase agreement. The debtor’s assets include issued and outstanding capital of SVB Global Services India LLP. The buyer, First Citizens Global I, Inc., is represented by Gerald F. Roach of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. as its legal advisor.
공시 • Mar 21First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q) on March 18, 2024. The agreement is subject to final approval of the Bankruptcy Court and regulatory approval in India, as well as other customary closing conditions. A hearing to seek required Bankruptcy Court approval is scheduled for April 9, 2024, and the transaction is expected to close shortly thereafter.
공시 • Aug 24Silicon Valley Bank Announces Executive ChangesSilicon Valley Bank (SVB) has announced the appointment of leaders for payments and digital solutions. Martin Murrell had been named head of global payments, while the bank appointed Milton Santiago as new global digital solutions head. Murrell is to oversee teams handling the bank's payments products. He has 25 years of banking experience. Santiago has more than 30 years of experience in the banking industry.
공시 • May 31+ 1 more updateFirst Amended Disclosure Statement Approved for SVB Financial GroupThe US Bankruptcy Court approved the first amended disclosure statement of SVB Financial Group on May 30, 2024. The debtor had filed its amended disclosure statement in the Court on May 3, 2024. May 14, 2024 has been fixed as voting record date. The deadline to vote on the plan is July 3, 2024, and the plan objection deadline is July 8, 2024. The confirmation hearing for the plan has been scheduled for July 15, 2024, and if necessary, will continue on July 16, 2024, through July 18, 2024 and July 22, 2024 through July 25, 2024.
공시 • May 18Second Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a second amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 16, 2024. As per the amended plan filed, Other General Unsecured Claims of $180.4 million shall be recovered 93% i.e., $167.77 million and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it and all holders of Senior Notes Claims and Other General Unsecured Claims were Qualified Holders, and its Pro Rata share of the Class A-2 Trust Units or if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. There are no changes in treatment of any other claim class or sources of plan funding.
공시 • May 05First Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial GroupSVB Financial Group filed a first amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 3, 2024. As per the amended plan filed, other priority claims are estimated to be in the amount of $0. Senior note claims of $3,329 million shall be recovered between 41%-96% and shall receive its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if such holder is a qualified holder, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, (b) its Pro Rata share of the Class A Trust Units and (c) payment by the Debtor in Cash of the Senior Note Trustee Expenses, to the extent not otherwise paid by the Debtor under the Plan. Other general unsecured claims of $180.4 million shall be recovered between 41%-96% and shall receive, if and solely to the extent such Holder is a Qualified Holder, its pro rata share of the NewCo Common Stock subject to dilution by any NewCo Transaction, if and solely to the extent such Holder is a Non-Qualified Holder, Cash in an amount equal to the value of the NewCo Common Stock it would be entitled to receive if it were a Qualified Holder, and (ii) its Pro Rata share (together with all Holders receiving Distributions of the Class A Trust Units) of the Class A Trust Units; or (b) if such Holder elects on the applicable ballot, the GUC Cash-Out with respect to such Claim. Subordinated note claims of $104.5 million shall be recovered 0%. Preferred equity interests of $3,700 million shall be recovered 0% and shall receive pro rata share of Class C Trust Units. There are no changes in the treatment of any claim class or sources of plan funding.
공시 • Apr 12Motion for Asset Sale Approved for SVB Financial GroupThe US Bankruptcy Court gave an order approving the sale of interest in subsidiary of SVB Financial Group on April 10, 2024. The debtor has been authorized to sell its 98.12% of the issued and outstanding limited liability partnership interests of non-debtor SVB Global Services India LLP to First Citizens Global I, Inc. and 1.88% of the issued and outstanding limited liability partnership interests of SVB India to First Citizens Global II, Inc., for purchase price consisting of $0.43 million in cash plus an amount in cash equal to $21.37 million minus an amount up to $8.94 million for any amounts outstanding owed by the debtor and its affiliates to first-citizens and its affiliates contemplated by that certain invoice attached to the purchase agreement as schedule 2.2(d), $3 million of which is to be placed in escrow in accordance with the purchase agreement. The debtor’s assets include issued and outstanding capital of SVB Global Services India LLP. The buyer, First Citizens Global I, Inc., is represented by Gerald F. Roach of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. as its legal advisor.
공시 • Mar 21First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q) on March 18, 2024. The agreement is subject to final approval of the Bankruptcy Court and regulatory approval in India, as well as other customary closing conditions. A hearing to seek required Bankruptcy Court approval is scheduled for April 9, 2024, and the transaction is expected to close shortly thereafter.
공시 • Aug 24Silicon Valley Bank Announces Executive ChangesSilicon Valley Bank (SVB) has announced the appointment of leaders for payments and digital solutions. Martin Murrell had been named head of global payments, while the bank appointed Milton Santiago as new global digital solutions head. Murrell is to oversee teams handling the bank's payments products. He has 25 years of banking experience. Santiago has more than 30 years of experience in the banking industry.
공시 • Jul 26SVB Financial Group Announces Board AppointmentsEffective July 24, 2023, the board of directors (the “Board”) of SVB Financial Group (the “Company”) increased the size of the Board from eleven to thirteen directors and appointed Steven G. Panagos and C. Allen Parker to fill the vacancies created by the increase in the size of the Board. The Board also determined that Messrs. Panagos and Parker are independent directors as defined by the listing standards of the Nasdaq Stock Market LLC and has appointed them as members of a newly created special committee and the Board’s Restructuring Committee. C. Allen Parker, 68, has extensive experience in corporate governance, including at financial institutions, that make him a valuable addition to the Board. From July 2020 through July 2022, Mr. Parker was a Senior Advisor to the global consulting firm McKinsey & Co. in its Financial Institutions practice, and he was an executive at Wells Fargo & Company from March 2017 until March 2020. He joined Wells Fargo initially as the General Counsel and was later appointed by the Wells Fargo Board of Directors to be the Interim Chief Executive Officer, a role he held for seven months. He was also a member of the Wells Fargo Board of Directors during that period. Prior to joining Wells Fargo, Mr. Parker was a partner at Cravath, Swaine & Moore LLP, an international law firm. Over his 27 years as a partner at Cravath, he specialized in finance and corporate governance, was a member of the firm’s Corporate Governance and Board Advisory Practice, and served in a variety of firm leadership roles. From January 2013 through December 2016, Mr. Parker served as Cravath’s fifteenth presiding partner. Steven G. Panagos, 61, has extensive corporate transformation and restructuring experience that make him a valuable addition to the Board. As an independent director, Mr. Panagos has led numerous special committees empowered to run, structure, evaluate and transact M&A processes, refinancings, recapitalizations, and special investigations both in court and out of court. Mr. Panagos currently serves as an independent director on the board of directors of several companies, including iMedia Brands Inc. (IMBI). Mr. Panagos was Vice Chairman and Managing Director of the Recapitalization & Restructuring Group at Moelis & Company, from which he retired in June 2019. Prior to his tenure with Moelis & Company, he was a Principal of Panagos Katz Situational Investing, which he founded in February 2008 to invest in the debt of financially distressed companies. Mr. Panagos also spent 20 years with Zolfo Cooper, where he served as National Practice Leader of the Corporate Advisory & Restructuring group.
공시 • Jun 19The Baupost Group, L.L.C. and management team led by Jeff Leerink entered into a definitive agreement to acquire SVB Securities Holdings LLC from SVB Financial Group (OTCPK:SIVB.Q).The Baupost Group, L.L.C. and management team led by Jeff Leerink entered into a definitive agreement to acquire SVB Securities Holdings LLC from SVB Financial Group (OTCPK:SIVB.Q) on June 15, 2023. Under the terms of the purchase agreement, the bidder group will acquire the investment banking business for a combination of cash, repayment of an intercompany note, the assumption of certain liabilities (including significant deferred compensation obligations), and a 5% equity instrument in the buyer entity. MoffettNathanson LLC, a sell-side research business owned by SVB Financial Group, is not included in the transaction and will remain part of SVB Financial Group. In connection with the management buyout, SVB Securities will be rebranded Leerink Partners. The agreement is subject to final approval of the Bankruptcy Court and regulatory approval, as well as other customary closing conditions. Centerview Partners LLC acted as financial advisor to SVB Financial. Sullivan & Cromwell LLP aced as legal advisor to SVB Financial. Alvarez & Marsal acted as restructuring advisor to SVB Financial. Rothschild & Co US Inc. acted as financial advisor to both management and Baupost Group. Willkie Farr & Gallagher LLP acted as legal advisor to Baupost Group. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to management team.
공시 • Jun 02SVB Securities Management in Talks for BuyoutSVB Securities management is in talks to buy back the investment bank from bankrupt SVB Financial Group (OTCPK:SIVB.Q), according to people familiar with the matter. SVB Securities Chief Executive Officer Jeff Leerink and his team are preparing to announce a deal for the firm in the coming days, pending approval from the US Bankruptcy Court for the Southern District of New York, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could still fall apart.
공시 • May 10SVB Financial Group announced delayed 10-Q filingOn 05/09/2023, SVB Financial Group announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • May 05Levi & Korsinsky Notifies SVB Financial Group Investors of A Class Action LawsuitLevi & Korsinsky, LLP notifies investors in SVB Financial Group of a class action securities lawsuit. The lawsuit seeks to recover losses on behalf of SVB investors who were adversely affected by alleged securities fraud between November 5, 2020 and March 10, 2023. The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, SVB would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run; (4) as a result, defendants' public statements were materially false and/or misleading at all relevant times.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 64%After last week's 64% share price decline to Mex$1,937, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Banks industry in Mexico. Total loss to shareholders of 47% over the past three years.
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: US$25.58 (vs US$31.74 in FY 2021)Full year 2022 results: EPS: US$25.58 (down from US$31.74 in FY 2021). Revenue: US$5.79b (flat on FY 2021). Net income: US$1.51b (down 15% from FY 2021). Profit margin: 26% (down from 31% in FY 2021). Net interest margin (NIM): 2.16% (up from 2.02% in FY 2021). Cost-to-income ratio: 58.3% (up from 51.9% in FY 2021). Non-performing loans: 0.18% (up from 0.14% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Mexico. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year.
공시 • Feb 10Silicon Valley Bank Announces Executive ChangesSilicon Valley Bank has announced a new leadership. The firm has announced that it has appointed Ashraf Hebela as its new head of Technology Healthcare Banking for North America. He is to take over from Dave Sabow, who the bank had recently appointed as CEO of Silicon Valley Bank UK and Head of EMEA. The firm has also appointed Lewis Hower as head of Startup Banking.
Reported Earnings • Jan 20Full year 2022 earnings released: EPS: US$23.45 (vs US$31.74 in FY 2021)Full year 2022 results: EPS: US$23.45 (down from US$31.74 in FY 2021). Revenue: US$5.79b (flat on FY 2021). Net income: US$1.38b (down 22% from FY 2021). Profit margin: 24% (down from 31% in FY 2021). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Mexico.
공시 • Jan 20SVB Financial Group Provides Earnings Guidance for the First Quarter and Full Year of 2023SVB Financial Group provided earnings guidance for the first quarter and full year of 2023. For the quarter, the company expects Net interest income to be $925 million to $955 million.For the year, the company expects Net interest income of High teens decline compared to 2022.
공시 • Jan 06+ 1 more updateSVB Financial Group to Report Q4, 2023 Results on Jan 18, 2024SVB Financial Group announced that they will report Q4, 2023 results on Jan 18, 2024
공시 • Jan 05SVB Appoints Kim Olson as Chief Risk OfficerSVB announced the appointment of Kim Olson as Chief Risk Officer (CRO). In this role, Olson will lead the Risk function and team, developing and maintaining SVB's risk management framework and a culture of risk management across the company. Olson has thirty years of financial services experience. She joins SVB from Sumitomo Mitsui Banking Corporation (SMBC), where she served as the Chief Risk Officer for SMBC in the Americas, and an Executive Officer of SMBC and Sumitomo Mitsui Financial Group. Prior to SMBC, Olson held senior risk management roles at other leading global financial institutions. She also has rating agency experience, as well as experience in professional services advising large- and medium-sized financial institutions on evolving regulations, risk management and stress testing following the 2008 financial crisis. Olson began her career at the Federal Reserve Bank of New York, where over a period of 10 years she held a variety of senior policy, regulatory and examination roles in banking supervision. Olson is based in SVB's New York office. She holds a bachelor's degree in political science from Santa Clara University and a master's degree in public administration from Harvard University.
Reported Earnings • Oct 22Third quarter 2022 earnings released: EPS: US$7.26 (vs US$6.32 in 3Q 2021)Third quarter 2022 results: EPS: US$7.26 (up from US$6.32 in 3Q 2021). Revenue: US$1.49b (down 1.2% from 3Q 2021). Net income: US$429.0m (up 18% from 3Q 2021). Profit margin: 29% (up from 24% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Mexico. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • Oct 07SVB Financial Group to Report Q3, 2023 Results on Oct 19, 2023SVB Financial Group announced that they will report Q3, 2023 results on Oct 19, 2023
Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: US$5.65 (vs US$9.24 in 2Q 2021)Second quarter 2022 results: EPS: US$5.65 (down from US$9.24 in 2Q 2021). Revenue: US$1.33b (down 8.3% from 2Q 2021). Net income: US$333.0m (down 34% from 2Q 2021). Profit margin: 25% (down from 35% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 34%, compared to a 29% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.
공시 • Jul 08SVB Financial Group to Report Q1, 2023 Results on Apr 20, 2023SVB Financial Group announced that they will report Q1, 2023 results on Apr 20, 2023
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: US$8.03 (vs US$10.20 in 1Q 2021)First quarter 2022 results: EPS: US$8.03 (down from US$10.20 in 1Q 2021). Revenue: US$1.59b (up 15% from 1Q 2021). Net income: US$472.0m (down 11% from 1Q 2021). Profit margin: 30% (down from 38% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 30% growth forecast for the industry in Mexico.
Buying Opportunity • Apr 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be Mex$13,018, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Mex$11,300, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Banks industry in South America. Total returns to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$10,494 per share.
Reported Earnings • Jan 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$31.74 (up from US$23.05 in FY 2020). Revenue: US$5.79b (up 55% from FY 2020). Net income: US$1.77b (up 49% from FY 2020). Profit margin: 31% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 32% growth forecast for the banks industry in Mexico.
Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS US$6.32 (vs US$8.53 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$1.50b (up 37% from 3Q 2020). Net income: US$365.0m (down 17% from 3Q 2020). Profit margin: 24% (down from 40% in 3Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Jul 23Second quarter 2021 earnings released: EPS US$9.24 (vs US$4.44 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.45b (up 78% from 2Q 2020). Net income: US$502.0m (up 119% from 2Q 2020). Profit margin: 35% (up from 28% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 12First quarter 2021 earnings released: EPS US$10.20 (vs US$2.57 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.39b (up 138% from 1Q 2020). Net income: US$532.2m (up 302% from 1Q 2020). Profit margin: 38% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue.
Executive Departure • May 05Independent Director has left the companyOn the 23rd of April, John Robinson's tenure as Independent Director ended after 10.8 years in the role. As of December 2020, John personally held 3.02k shares (Mex$22m worth at the time). John is the only executive to leave the company over the last 12 months.
Reported Earnings • Apr 26First quarter 2021 earnings released: EPS US$10.20 (vs US$2.57 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.39b (up 138% from 1Q 2020). Net income: US$532.2m (up 302% from 1Q 2020). Profit margin: 38% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue.
Recent Insider Transactions • Mar 04Independent Chairman of the Board recently sold Mex$52m worth of stockOn the 1st of March, Roger Dunbar sold around 5k shares on-market at roughly Mex$10,987 per share. This was the largest sale by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months.
Reported Earnings • Mar 03Full year 2020 earnings released: EPS US$23.05 (vs US$21.90 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$3.78b (up 17% from FY 2019). Net income: US$1.19b (up 4.8% from FY 2019). Profit margin: 32% (down from 35% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.67% (down from 3.51% in FY 2019). Cost-to-income ratio: 55.9% (up from 48.1% in FY 2019). Non-performing loans: 0.23% (down from 0.32% in FY 2019).
Analyst Estimate Surprise Post Earnings • Mar 03Revenue beats expectationsRevenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 6.8%, compared to a 36% growth forecast for the Banks industry in Mexico.
Recent Insider Transactions • Jan 30President of Silicon Valley Bank recently sold Mex$23m worth of stockOn the 28th of January, Michael Descheneaux sold around 3k shares on-market at roughly Mex$9,203 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$63m more than they bought in the last 12 months.
Reported Earnings • Jan 23Full year 2020 earnings released: EPS US$23.05The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$3.78b (up 17% from FY 2019). Net income: US$1.19b (up 4.8% from FY 2019). Profit margin: 32% (down from 35% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Jan 23Revenue beats expectationsRevenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 7.0%, compared to a 32% growth forecast for the Banks industry in Mexico.
Reported Earnings • Jan 22Full year 2020 earnings released: EPS US$23.38The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$3.78b (up 17% from FY 2019). Net income: US$1.21b (up 6.3% from FY 2019). Profit margin: 32% (down from 35% in FY 2019). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 29% share price gain to US$9,164, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 8x in the Banks industry in Mexico.
Reported Earnings • Nov 09Third quarter 2020 earnings released: EPS US$8.53The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$1.10b (up 41% from 3Q 2019). Net income: US$441.7m (up 65% from 3Q 2019). Profit margin: 40% (up from 34% in 3Q 2019). The increase in margin was driven by higher revenue.
Analyst Estimate Surprise Post Earnings • Nov 09Revenue beats expectationsRevenue exceeded analyst estimates by 20%. Over the next year, revenue is forecast to grow 6.3%, compared to a 32% growth forecast for the Banks industry in Mexico.
Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$1.07b, down 6.5% from the prior year. Total revenue was US$3.36b over the last 12 months, up 9.5% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 23Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 20% at US$1.08b. Revenue is forecast to grow 3.8% over the next year, compared to a 30% growth forecast for the Banks industry in Mexico.
Valuation Update With 7 Day Price Move • Oct 13Market bids up stock over the past weekAfter last week's 15% share price gain to US$5,863, the stock is trading at a trailing P/E ratio of 16x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 6x in the Banks industry in Mexico.
