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Parent Company Only Condensed Financial Information (Tables)
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
The condensed balance sheets of SVB Financial at December 31, 2018 and 2017, and the related condensed statements of income, comprehensive income and cash flows for 2018, 2017 and 2016, are presented below:
Condensed Balance Sheets
 
 
December 31,
(Dollars in thousands)
 
2018
 
2017
Assets:
 
 
 
 
Cash and cash equivalents
 
$
553,049

 
$
457,324

Investment securities
 
510,836

 
485,220

Other assets
 
204,301

 
196,974

Investment in subsidiaries:
 
 
 
 
   Bank subsidiary
 
4,554,813

 
3,762,542

   Nonbank subsidiaries
 
116,968

 
90,540

Total assets
 
$
5,939,967

 
$
4,992,600

 
 
 
 
 
Liabilities and SVBFG stockholders’ equity:
 
 
 
 
3.50% Senior Notes
 
$
347,639

 
$
347,303

5.375% Senior Notes
 
348,826

 
348,189

Other liabilities
 
127,293

 
117,313

Total liabilities
 
$
823,758

 
$
812,805

SVBFG stockholders’ equity
 
5,116,209

 
4,179,795

Total liabilities and SVBFG stockholders’ equity
 
$
5,939,967

 
$
4,992,600
Condensed Statements of Income
Condensed Statements of Income
 
 
Year ended December 31,
(Dollars in thousands)
 
2018

2017

2016
Interest income
 
$
3,307

 
$
2,077

 
$
690

Interest expense
 
(32,037
)
 
(34,932
)
 
(35,316
)
Dividend income from bank subsidiary
 
140,000

 
90,000

 
40,000

Gains on equity warrant assets, net (1)
 
89,142

 
54,555

 
37,892

Gains on investment securities, net
 
13,546

 
37,132

 
20,644

Fund management fees and other noninterest income (1)
 
26,388

 
24,613

 
21,913

General and administrative expenses
 
(70,976
)
 
(63,077
)
 
(55,139
)
Income tax (expense) benefit
 
(14,383
)
 
10,367

 
423

Income before net income of subsidiaries
 
154,987

 
120,735

 
31,107

Equity in undistributed net income of bank subsidiary
 
793,641

 
356,769

 
339,629

Equity in undistributed net income of nonbank subsidiaries
 
25,212

 
13,002

 
11,949

Net income available to common stockholders
 
$
973,840

 
$
490,506

 
$
382,685


 
(1)
Our consolidated statements of income for the year ended December 31, 2016 was modified from prior periods’ presentation to conform to the current period's presentation, which reflects a new line item to separately disclose net gains on equity warrant assets. In prior periods, net gains on equity warrant assets were reported as a component of net gains on derivative instruments.
Condensed Statements of Comprehensive Income
Condensed Statements of Comprehensive Income
 
 
Year ended December 31,
(Dollars in thousands)
 
2018
 
2017
 
2016
Net income available to common stockholders
 
$
973,840

 
$
490,506

 
$
382,685

Other comprehensive (loss) income, net of tax:
 
 
 
 
 
 
Foreign currency translation (losses) gains
 
(4,107
)
 
3,769

 
3,071

Changes in unrealized holding gains and losses on AFS securities
 
120

 
22,285

 
654

Equity in other comprehensive (losses) income of bank and nonbank subsidiaries
 
(19,171
)
 
(50,956
)
 
4,301

Reclassifications to retained earnings for the adoption of new accounting guidance (1)
 
(29,490
)
 
—

 
—

Other comprehensive (loss) income, net of tax
 
(52,648
)
 
(24,902
)
 
8,026

Total comprehensive income
 
$
921,192

 
$
465,604

 
$
390,711


 
(1)
See Note 2- "Summary of Significant Accounting Policies" of the "Notes to Consolidated Financial Statements" under Part II, Item 8 of this report for additional details.
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
Year ended December 31,
(Dollars in thousands)
 
2018
 
2017
 
2016
Cash flows from operating activities:
 
 
 
 
 
 
Net income available to common stockholders
 
$
973,840

 
$
490,506

 
$
382,685

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Gains on equity warrant assets, net
 
(89,142
)
 
(54,555
)
 
(37,892
)
Gains on investment securities, net (1)
 
(13,546
)
 
(17,060
)
 
(3,106
)
Distributions of earnings from investment securities (1)
 
47,596

 
14,015

 
3,137

Net income of bank subsidiary
 
(933,641
)
 
(446,769
)
 
(379,629
)
Net income on nonbank subsidiaries
 
(25,212
)
 
(13,002
)
 
(11,949
)
Cash dividends from bank subsidiary
 
140,000

 
90,000

 
40,000

Amortization of share-based compensation
 
45,675

 
36,900

 
35,494

Decrease in other assets
 
51,169

 
12,959

 
35,699

Increase in other liabilities
 
21,619

 
11,774

 
15,293

Other, net
 
(31,024
)
 
316

 
2,999

Net cash provided by operating activities
 
187,334

 
125,084

 
82,731

 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
Net decrease (increase) in investment securities from purchases, sales and maturities
 
73,742

 
(152,015
)
 
34,055

Net decrease (increase) in loans
 
—

 
13,337

 
(3,478
)
Increase in investment in bank subsidiary
 
(31,292
)
 
(38,927
)
 
(14,738
)
(Increase) decrease in investment in nonbank subsidiaries
 
(5,323
)
 
34,374

 
1,924

Net cash provided by (used for) investing activities
 
37,127

 
(143,231
)
 
17,763

 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
Principal payments of long-term debt
 
—

 
(51,546
)
 
—

Proceeds from issuance of common stock, ESPP and ESOP
 
18,387

 
27,003

 
26,147

Common stock repurchase
 
(147,123
)
 
—

 
—

Tax effect from stock exercises (1)
 
—

 
—

 
(3,640
)
Net cash (used for) provided by financing activities
 
(128,736
)
 
(24,543
)
 
22,507

Net increase (decrease) in cash and cash equivalents
 
95,725

 
(42,690
)
 
123,001

Cash and cash equivalents at beginning of period
 
457,324

 
500,014

 
377,013

Cash and cash equivalents at end of period
 
$
553,049

 
$
457,324

 
$
500,014


 
(1)
See Note 2- "Summary of Significant Accounting Policies" of the "Notes to Consolidated Financial Statements" under Part II, Item 8 of this report for additional details.