Noninterest Income (Tables)

3 Months Ended

Mar. 31, 2018

Other Income and Expenses [Abstract]

Summary of noninterest income

A summary of noninterest income for the three months ended March 31, 2018 and 2017, is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018		2017
Noninterest income:
Gains on investment securities, net	$	9,058	$	15,970
Gains on equity warrant assets, net	19,191		6,690
Foreign exchange fees	33,827		26,247
Credit card fees	21,692		17,730
Deposit service charges	17,699		13,975
Client investment fees	22,875		9,026
Lending related fees	10,735		8,961
Letters of credit and standby letters of credit fees	8,182		6,639
Other	12,259		12,421
Total noninterest income	$	155,518	$	117,659

Components of Gains and Losses (Realized and Unrealized) on Investment Securities

A summary of gains and losses on investment securities for the three months ended March 31, 2018 and 2017, is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018		2017
Gains on non-marketable and other equity securities, net	$	9,058	$	15,362
Gains on sales of available-for-sale securities, net	—		608
Gains on investment securities, net	$	9,058	$	15,970

Components of Gains on Equity Warrant Assets

A summary of net gains on equity warrant assets for the three months ended March 31, 2018 and 2017, is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018			2017
Equity warrant assets:
Gains on exercises, net	$	9,927		$	7,956
Cancellations and expirations	(922		)	(634		)
Changes in fair value, net	10,186			(632		)
Net gains on equity warrant assets	$	19,191		$	6,690

Components of Foreign Exchange Fees

A summary of foreign exchange fee income by instrument type for the three months ended March 31, 2018 and 2017, is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018		2017
Foreign exchange fees by instrument type:
Spot contract commissions	$	31,202	$	22,424
Forward contract commissions	2,485		3,601
Option premium fees	140		222
Total foreign exchange fees	$	33,827	$	26,247

Components of Credit Card Fees

A summary of credit card fees by instrument type for the three months ended March 31, 2018 and 2017 is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018		2017
Credit card fees by instrument type:
Card interchange fees, net	$	17,560	$	13,971
Merchant service fees	2,906		2,740
Card service fees	1,226		1,019
Total credit card fees	$	21,692	$	17,730

Components of Asset Management Fees

A summary of client investment fees by instrument type for the three months ended March 31, 2018 and 2017, is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018		2017
Client investment fees by type:
Sweep money market fees	$	12,322	$	4,396
Asset management fees (1)	5,358		3,378
Repurchase agreement fees	5,195		1,252
Total client investment fees (2)	$	22,875	$	9,026

Components of Lending Related Fees

A summary of lending related fees by instrument type for the three months ended March 31, 2018 and 2017, is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018		2017
Lending related fees by instrument type:
Unused commitment fees	$	8,757	$	6,567
Other	1,978		2,394
Total lending related fees	$	10,735	$	8,961

Summary of Other Noninterest Income

A summary of other noninterest income by instrument type for the three months ended March 31, 2018 and 2017 is as follows:

	Three months ended March 31,
(Dollars in thousands)	2018			2017
Other noninterest income by instrument type:
Fund management fees	$	5,736		$	5,169
Net (losses) gains on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)	(47		)	1,328
Other service revenue	6,570			5,924
Total other noninterest income	$	12,259		$	12,421

(1) Represents the net revaluation of client and internal foreign currency denominated financial instruments. We enter into foreign exchange forward contracts to economically reduce our foreign exchange exposure related to client and internal foreign currency denominated financial instruments.

Disaggregation of Revenue

The following table presents our revenues from contracts with customers disaggregated by revenue source and segment for the three months ended March 31, 2018:

(Dollars in thousands)	Global Commercial Bank		SVB Private   Bank			SVB Capital		Other Income		Total
Revenue from contracts with customers:
Spot contract commissions	$	30,972	$	179		$	—	$	51	$	31,202
Card interchange fees, gross	29,449		—			—		99		29,548
Merchant service fees	2,906		—			—		—		2,906
Deposit service charges	17,040		28			—		631		17,699
Client investment fees	10,250		302			—		12,323		22,875
Fund management fees	—		—			5,736		—		5,736
Correspondent bank rebates	1,396		—			—		—		1,396
Total revenue from contracts with customers	$	92,013	$	509		$	5,736	$	13,104	$	111,362
Revenues outside the scope of ASC 606 (1)	7,333		(2		)	23,174		13,651		44,156
Total noninterest income	$	99,346	$	507		$	28,910	$	26,755	$	155,518

(1) Amounts are accounted for under separate guidance than ASC 606.

The following table presents our revenues from contracts with customers disaggregated by revenue source and segment for the three months ended March 31, 2018:

(Dollars in thousands)	Global Commercial Bank		SVB Private   Bank			SVB Capital		Other Income		Total
Revenue from contracts with customers:
Spot contract commissions	$	30,972	$	179		$	—	$	51	$	31,202
Card interchange fees, gross	29,449		—			—		99		29,548
Merchant service fees	2,906		—			—		—		2,906
Deposit service charges	17,040		28			—		631		17,699
Client investment fees	10,250		302			—		12,323		22,875
Fund management fees	—		—			5,736		—		5,736
Correspondent bank rebates	1,396		—			—		—		1,396
Total revenue from contracts with customers	$	92,013	$	509		$	5,736	$	13,104	$	111,362
Revenues outside the scope of ASC 606 (1)	7,333		(2		)	23,174		13,651		44,156
Total noninterest income	$	99,346	$	507		$	28,910	$	26,755	$	155,518

(1) Amounts are accounted for under separate guidance than ASC 606.