SVB Financial Group Q3 2022 Results: EPS Beats Expectations, Revenue Lags
SVB Financial Group (NASDAQ:SIVB) Third Quarter 2022 Results
Main financial results
- Revenue: $1.49 billion (down 1.2% from Q3 2021).
- Net income: 429.0m USD (up 18% compared to 3Q 2021).
- Profit margin: 29% (compared to 24% in the 3rd quarter of 2021).
- The increase in the margin is explained by the decrease in expenses.
- EPS: 7.26 USD (compared to 6.32 USD in the 3rd quarter of 2021).
All figures shown in the table above are for the 12 month period (TTM)
SVB Financial Group EPS beats expectations, revenue falls short
Revenue beat analysts’ estimates by 5.3%. Earnings per share (EPS) beat analysts’ estimates by 1.6%.
Looking ahead, revenue is expected to grow by an average of 6.3% per year over the next 3 years, compared to a growth forecast of 6.5% for the banking sector in the United States.
Performance of the US banking industry.
Shares of the company are down 28% from a week ago.
Balance sheet analysis
Just as investors should consider earnings, it is also important to consider the strength of a company’s balance sheet. See our latest analysis on the health of SVB Groupe Financier’s balance sheet.
Valuation is complex, but we help make it simple.
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