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Silvergate Capital Past Earnings Performance

Past criteria checks 0/6

Silvergate Capital's earnings have been declining at an average annual rate of -42.1%, while the Banks industry saw earnings growing at 10.4% annually. Revenues have been declining at an average rate of 3.5% per year.

Key information

-42.06%

Earnings growth rate

-37.52%

EPS growth rate

Banks Industry Growth	10.37%
Revenue growth rate	-3.51%
Return on equity	-155.48%
Net Margin	157.86%
Last Earnings Update	31 Dec 2022

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Silvergate Capital makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:SI * Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 22	-601	-949	123
30 Sep 22	281	120	105
30 Jun 22	243	102	91
31 Mar 22	206	88	80
31 Dec 21	175	76	72
30 Sep 21	152	66	66
30 Jun 21	123	50	62
31 Mar 21	102	34	59
31 Dec 20	90	26	55
30 Sep 20	82	21	53
30 Jun 20	81	20	52
31 Mar 20	79	20	51
31 Dec 19	87	25	50
30 Sep 19	93	29	51
30 Jun 19	91	29	49
31 Mar 19	90	28	48
31 Dec 18	79	22	45
30 Sep 18	68	16	40
30 Jun 18	60	12	37
31 Mar 18	52	10	32
31 Dec 17	45	8	29
31 Dec 16	36	7	23

Quality Earnings: SI * is currently unprofitable.

Growing Profit Margin: SI * is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SI * is unprofitable, and losses have increased over the past 5 years at a rate of 42.1% per year.

Accelerating Growth: Unable to compare SI *'s earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SI * is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (37.4%).

Return on Equity

High ROE: SI * has a negative Return on Equity (-155.48%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/08/01 21:37
End of Day Share Price	2023/05/04 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Silvergate Capital Corporation is covered by 12 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jason Goldberg	Barclays
Brandon Berman	BofA Global Research
Stephen Moss	B. Riley Securities, Inc.

This company listing is no longer active

Silvergate Capital Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Silvergate Capital Corporation to Report Q4, 2022 Results on Jan 17, 2023

Second quarter 2022 earnings released: EPS: US$1.14 (vs US$0.81 in 2Q 2021)

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.56 in 1Q 2021)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.38 in 3Q 2020)

Recent updates

Silvergate Capital Corporation Announces Board Changes

Silvergate Capital Corporation Does Not Intend to Appeal the NYSE's Determination, and Expects its Securities to be Delisted from the NYSE

Silvergate Capital Corporation announced delayed 10-Q filing

Insufficient new directors

Insufficient new directors

Rebecca Rettig to Resign from the Boards of Directors of Silvergate Capital Corporation and Silvergate Bank

Rosen Law Firm Announces the Filing of A New Class Action Lawsuit on Behalf of Purchasers of the Securities of Silvergate Capital Corporation

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation to Report Q4, 2022 Results on Jan 17, 2023

Investor sentiment deteriorated over the past week

Now 37% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$1.14 (vs US$0.81 in 2Q 2021)

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.56 in 1Q 2021)

Investor sentiment deteriorated over the past week

Executive VP & COO recently sold Mex$4.0m worth of stock

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Independent Director recently sold Mex$6.9m worth of stock

Investor sentiment improved over the past week

Independent Chairman recently bought Mex$1.2m worth of stock

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Independent Director recently sold Mex$18m worth of stock

Investor sentiment improved over the past week

Independent Director recently sold Mex$76m worth of stock

Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.38 in 3Q 2020)

Investor sentiment improved over the past week

Insider recently sold Mex$22m worth of stock

Executive VP & COO recently sold Mex$5.1m worth of stock

Investor sentiment improved over the past week

Insider recently sold Mex$94m worth of stock

Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.29 in 2Q 2020)

Investor sentiment improved over the past week

Independent Director recently sold Mex$23m worth of stock

Investor sentiment improved over the past week

Independent Director recently sold Mex$18m worth of stock

First quarter 2021 earnings released: EPS US$0.56 (vs US$0.23 in 1Q 2020)

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS US$0.56 (vs US$0.23 in 1Q 2020)

Chairman of the Board recently sold Mex$72m worth of stock

Full year 2020 earnings released: EPS US$1.39 (vs US$1.38 in FY 2019)

Revenue beats expectations

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources