Noninterest Income (Tables)

3 Months Ended

Mar. 31, 2022

Other Income and Expenses [Abstract]

Summary of Noninterest Income

Included below is a summary of noninterest income for the three months ended March 31, 2022 and 2021:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Noninterest income:
Gains on investment securities, net	$	85	$	167
Gains on equity warrant assets, net	63		222
Client investment fees	35		20
Wealth management and trust fees	22		—
Foreign exchange fees	73		57
Credit card fees	37		28
Deposit service charges	30		25
Lending related fees	19		16
Letters of credit and standby letters of credit fees	14		13
Investment banking revenue	93		142
Commissions	25		24
Other	21		30
Total noninterest income	$	517	$	744

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, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Gains on non-marketable and other equity securities, net	$	36	$	167
Gains on sales of AFS securities, net	49		—
Total gains on investment securities, net	$	85	$	167

Components of Gains on Equity Warrant Assets

A summary of net gains on equity warrant assets for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Equity warrant assets:
Gains on exercises, net	$	12	$	160
Terminations	(1)		—
Changes in fair value, net	52		62
Total net gains on equity warrant assets	$	63	$	222

Components of Client Investment Fees

A summary of client investment fees by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Client investment fees by type:
Sweep money market fees	$	24	$	10
Asset management fees (1)	10		9
Repurchase agreement fees	1		1
Total client investment fees (2)	$	35	$	20

(1)Represents fees earned from investments in third-party money market mutual funds and fixed-income securities managed by SVB Asset Management.

(2)Represents fees earned on client investment funds that are maintained at third-party financial institutions and are not recorded on our balance sheet.

Components of Wealth Management and Trust Fees

A summary of wealth management and trust fees by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Wealth management and trust fees by type:
Wealth management fees	$	20	$	—
Trust fees	2		—
Total wealth management and trust fees	$	22	$	—

Components of Foreign Exchange Fees

A summary of foreign exchange fee income by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Foreign exchange fees by instrument type:
Spot contract commissions	$	66	$	55
Forward contract commissions	6		2
Option premium fees	1		—
Total foreign exchange fees	$	73	$	57

Components of Credit Card Fees

A summary of credit card fees by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Credit card fees by instrument type:
Card interchange fees, net	$	30	$	23
Merchant service fees	5		4
Card service fees	2		1
Total credit card fees	$	37	$	28

Components of Lending Related Fees

A summary of lending related fees by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Lending related fees by instrument type:
Unused commitment fees	$	15	$	12
Other	4		4
Total lending related fees	$	19	$	16

Schedule of Investment Banking Revenue

A summary of investment banking revenue by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Investment banking revenue:
Underwriting fees	$	32	$	125
Advisory fees	54		4
Private placements and other	7		13
Total investment banking revenue	$	93	$	142

Summary of Other Noninterest Income

A summary of other noninterest income by instrument type for the three months ended March 31, 2022 and 2021 is as follows:

	Three months ended March 31,
(Dollars in millions)	2022		2021
Other noninterest income by instrument type:
Fund management fees	$	13	$	15
Net losses on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)	—		(1)
Other service revenue	8		16
Total other noninterest income	$	21	$	30

(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 tables present our revenues from contracts with customers disaggregated by revenue source and segment for the three months ended March 31, 2022 and 2021:

Three months ended March 31, 2022	Silicon Valley Bank (2)		SVB Private		SVB Capital (2)		SVB Securities (2)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	35	$	—	$	—	$	—	$	—	$	35
Wealth management and trust fees	—		22		—		—		—		22
Spot contract commissions	65		1		—		—		—		66
Card interchange fees, gross	56		—		—		—		1		57
Merchant service fees	5		—		—		—		—		5
Deposit service charges	29		1		—		—		—		30
Investment banking revenue	—		—		—		93		—		93
Commissions	—		—		—		25		—		25
Fund management fees	—		—		12		1		—		13
Performance fees	—		—		4		—		—		4
Correspondent bank rebates	2		—		—		—		—		2
Total revenue from contracts with customers	$	192	$	24	$	16	$	119	$	1	$	352
Revenues outside the scope of ASC 606 (1)	20		1		49		2		93		165
Total noninterest income	$	212	$	25	$	65	$	121	$	94	$	517

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

(2)Silicon Valley Bank’s, SVB Capital’s and SVB Securities's components of noninterest income are shown net of noncontrolling interests. Noncontrolling interest is included within “Other Items."

Three months ended March 31, 2021	Silicon Valley Bank (2)		SVB Private		SVB Capital (2)		SVB Securities (2)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	19	$	1	$	—	$	—	$	—	$	20
Spot contract commissions	55		—		—		—		—		55
Card interchange fees, gross	41		—		—		—		—		41
Merchant service fees	4		—		—		—		—		4
Deposit service charges	25		—		—		—		—		25
Investment banking revenue	—		—		—		142		—		142
Commissions	—		—		—		24		—		24
Fund management fees	—		—		13		2		—		15
Performance fees	—		—		—		—		—		—
Correspondent bank rebates	1		—		—		—		—		1
Total revenue from contracts with customers	$	145	$	1	$	13	$	168	$	—	$	327
Revenues outside the scope of ASC 606 (1)	14		—		56		2		345		417
Total noninterest income	$	159	$	1	$	69	$	170	$	345	$	744

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

(2)Silicon Valley Bank’s, SVB Capital’s and SVB Securities's components of noninterest income are shown net of noncontrolling interests. Noncontrolling interest is included within “Other Items."