8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 21, 2022

SVB Financial Group

(Exact name of registrant as specified in its charter)

Delaware	001-39154	91-1962278
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3003 Tasman Drive, Santa Clara, CA 95054-1191

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (408) 654-7400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.142-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Exchange on Which Registered
Common Stock, par value $0.001 per share	SIVB	The Nasdaq Stock Market LLC
Depositary shares, each representing a 1/40th interest in a share of 5.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A	SIVBP	The Nasdaq Stock Market LLC

Item 2.02. Results of Operations and Financial Condition.

On July 21, 2022, SVB Financial Group (the “Company”) announced its financial results for the second quarter ended June 30, 2022. A copy of the release and a second quarter CEO letter and earnings slides are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference. The information in this report shall not be treated as “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933 or the Securities Act of 1934, except as expressly stated by specific reference in such filing.

Item 8.01. Other Events.

On July 21, 2022, the Company's Board of Directors declared a quarterly cash dividend of $13.125 per share (representing $0.328125 per depositary share) on the Series A Preferred Stock. The dividend is payable on August 15, 2022 to holders of record at the close of business on August 1, 2022.

On July 21, 2022, the Company's Board of Directors declared a quarterly cash dividend of $1,025 per share (representing $10.25 per depositary share) on the Series B Preferred Stock. The dividend is payable on August 15, 2022 to holders of record at the close of business on August 1, 2022.

On July 21, 2022, the Company's Board of Directors declared a quarterly cash dividend of $1,000 per share (representing $10.00 per depositary share) on the Series C Preferred Stock. The dividend is payable on August 15, 2022 to holders of record at the close of business on August 1, 2022.

On July 21, 2022, the Company's Board of Directors declared a quarterly cash dividend of $1,062.50 per share (representing $10.625 per depositary share) on the Series D Preferred Stock. The dividend is payable on August 15, 2022 to holders of record at the close of business on August 1, 2022.

On July 21, 2022, the Company's Board of Directors declared a quarterly cash dividend of $1,175 per share (representing $11.75 per depositary share) on the Series E Preferred Stock. The dividend is payable on August 15, 2022 to holders of record at the close of business on August 1, 2022.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. 

Exhibit No.	Description
99.1	Earnings Release, dated July 21, 2022, announcing the Company's financial results for the second quarter ended June 30, 2022
99.2	Q2 2022 CEO Letter and Earnings Slides
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 21, 2022	SVB FINANCIAL GROUP
	By:	/s/ KAREN HON
	Name:	Karen Hon
	Title:	Chief Accounting Officer and Principal Accounting Officer

EX-99.1

Exhibit 99.1

3003 Tasman Drive, Santa Clara, CA 95054	Contact:
www.svb.com	Meghan O'Leary
	Investor Relations
For release at 1:00 P.M. (Pacific Time)	IR@SVB.com
July 21, 2022	(408) 654-6364
NASDAQ: SIVB

SVB FINANCIAL GROUP ANNOUNCES 2022 SECOND QUARTER FINANCIAL RESULTS

Board of Directors declared a quarterly dividend on Series A, B, C, D and E Preferred Stock

SANTA CLARA, Calif. — July 21, 2022 — SVB Financial Group (NASDAQ: SIVB) today announced financial results for the second quarter ended June 30, 2022.

Consolidated net income available to common stockholders for the second quarter of 2022 was $333 million, or $5.60 per diluted common share, compared to $472 million, or $7.92 per diluted common share, for the first quarter of 2022 and $502 million, or $9.09 per diluted common share, for the second quarter of 2021. Consolidated net income available to common stockholders for the six months ended June 30, 2022 was $805 million, or $13.52 per diluted common share, compared to $1.0 billion, or $19.10 per diluted common share, for the comparable 2021 period.

"Challenges in the public markets are affecting liquidity flows to private companies, and that impact is being felt down the line in private company valuations, hiring and performance expectations," said Greg Becker, President and CEO of SVB Financial Group. "Such adjustments are a normal and necessary part of the innovation cycle and, although they have caused us to shift some of our near-term expectations, they have not changed our belief in the long-term growth opportunity represented by the innovation economy. We are confident we are in the right market with the right strategy for the long term."

Highlights of our second quarter of 2022 results (compared to first quarter 2022, unless otherwise noted) included:

•Average loans of $69.3 billion, an increase of $2.2 billion (or 3.3 percent).

•Period-end loans of $71.0 billion, an increase of $2.3 billion (or 3.3 percent).

•Average fixed income investment securities of $126.7 billion, an increase of $1.0 billion (or 0.8 percent).

•Period-end fixed income investment securities of $122.0 billion, a decrease of $2.7 billion (or 2.1 percent).

•Average total client funds (on-balance sheet deposits and off-balance sheet client investment funds) decreased $10.2 billion (or 2.6 percent) to $386.7 billion, which includes an increase in average on-balance sheet deposits of $1.3 billion (or 0.7 percent).

•Period-end total client funds decreased $18.2 billion (or 4.6 percent) to $379.2 billion, which includes a decrease in period-end on-balance sheet deposits of $10.2 billion (or 5.1 percent).

•Period-end SVB Private Assets Under Management (“AUM”) of $16.5 billion, a decrease of $2.5 billion.

•Issuance of $350 million 4.345% Senior Fixed Rate/Floating Rate Notes due April 2028 and $450 million 4.570% Senior Fixed Rate/Floating Rate Notes due April 2033.

•Net interest income (fully taxable equivalent basis) of $1.2 billion, an increase of $86 million (or 7.9 percent).

•Provision for credit losses was $196 million, compared to $11 million driven primarily by a higher weighting to our downturn outlook scenario to reflect a deterioration in economic conditions.

•Net loan charge-offs of $20 million, or 12 basis points of average total loans (annualized) compared to $8 million, or 5 basis points.

•Noninterest income of $362 million, a decrease of $155 million (or 30.0 percent). Non-GAAP core fee income increased $56 million (or 24.3 percent) to $286 million. Non-GAAP SVB Securities revenue increased $31 million (or 26.3 percent) to $149 million. (See non-GAAP reconciliation under the section “Use of Non-GAAP Financial Measures.”)

•Net losses on investment securities of $157 million compared to net gains of $85 million. Non-GAAP net losses on investment securities, net of noncontrolling interests, were $137 million, compared to net gains of $67 million. (See non-GAAP reconciliation under the section “Use of Non-GAAP Financial Measures.”)

•Net gains on equity warrant assets of $17 million, compared to $63 million.

•Noninterest expense of $848 million, a decrease of $25 million (or 2.9 percent).

•Operating efficiency ratio of 55.5 percent, compared to 54.6 percent, due to the decrease in noninterest income, driven primarily by net losses on investment securities, partially offset by an increase in net interest income.

Second Quarter 2022 Summary

(Dollars in millions, except share data, employees and ratios)	Three months ended															Six months ended
	June 30, 2022			March 31, 2022			December 31, 2021			September 30, 2021			June 30, 2021			June 30, 2022			June 30, 2021
Income statement:
Diluted earnings per common share	$	5.60		$	7.92		$	6.22		$	6.24		$	9.09		$	13.52		$	19.10
Net income available to common stockholders	333			472			371			365			502			805			1,034
Net interest income	1,167			1,082			939			852			728			2,249			1,388
Provision for credit losses (1) (2)	196			11			48			21			35			207			54
Noninterest income	362			517			561			672			761			879			1,505
Noninterest expense	848			873			902			879			653			1,721			1,289
Non-GAAP core fee income (3)	286			230			216			204			172			516			331
Non-GAAP core fee income plus SVB Securities revenue (3)	435			348			361			311			292			783			617
Non-GAAP SVB Securities revenue (3)	149			118			145			107			120			267			286
Effective tax rate (4)	26.1		%	26.1		%	26.4		%	27.6		%	25.1		%	26.1		%	25.5		%
Fully taxable equivalent:
Net interest income (5)	$	1,177		$	1,091		$	947		$	859		$	735		$	2,268		$	1,400
Net interest margin	2.24		%	2.13		%	1.91		%	1.95		%	2.06		%	2.19		%	2.16		%
Balance sheet:
Average total assets	$	217,998		$	216,068		$	204,760		$	182,690		$	150,717		$	217,038		$	137,837
Average loans, amortized cost	69,263			67,070			62,573			59,291			49,812			68,172			48,056
Average available-for-sale securities	29,922			26,946			24,154			23,290			24,358			28,442			26,292
Average held-to-maturity securities	96,732			98,677			87,579			70,512			47,914			97,698			36,667
Average noninterest-bearing demand deposits	120,678			125,568			122,789			109,638			91,530			123,110			82,432
Average interest-bearing deposits	71,388			65,150			60,273			53,754			42,230			68,286			39,816
Average total deposits	192,066			190,718			183,062			163,392			133,760			191,396			122,248
Average short-term borrowings	3,607			3,136			145			99			39			3,373			26
Average long-term debt	3,122			2,570			2,380			1,936			1,604			2,847			1,384
Period-end total assets	214,389			220,355			211,478			190,996			163,399			214,389			163,399
Period-end loans, amortized cost	70,955			68,665			66,276			61,487			50,754			70,955			50,754
Period-end available-for-sale securities	26,223			25,991			27,221			22,984			23,876			26,223			23,876
Period-end held-to-maturity securities	95,814			98,707			98,195			82,365			59,992			95,814			59,992
Period-end non-marketable and other equity securities	2,645			2,605			2,543			2,485			1,943			2,645			1,943
Period-end noninterest-bearing demand deposits	113,969			127,997			125,851			115,388			101,259			113,969			101,259
Period-end interest-bearing deposits	73,976			70,137			63,352			55,794			44,579			73,976			44,579
Period-end total deposits	187,945			198,134			189,203			171,182			145,838			187,945			145,838
Period-end short-term borrowings	3,703			99			121			97			34			3,703			34
Period-end long-term debt	3,367			2,571			2,570			1,925			1,834			3,367			1,834
Off-balance sheet:
Average client investment funds	$	194,637		$	206,140		$	207,578		$	191,286		$	174,327		$	200,388		$	162,954
Period-end client investment funds	191,244			199,216			210,086			200,234			183,167			191,244			183,167
Period-end assets under management	16,512			19,008			19,646			19,565			—			16,512			—
Total unfunded credit commitments	50,678			44,685			43,698			40,259			36,385			50,678			36,385
Earnings ratios:
Return on average assets (annualized) (6)	0.61		%	0.89		%	0.72		%	0.79		%	1.34		%	0.75		%	1.51		%
Return on average SVBFG common stockholders’ equity (annualized) (7)	10.87			15.28			11.80			12.47			21.69			13.08			24.14
Asset quality ratios:
Allowance for credit losses for loans as a % of total loans	0.77		%	0.61		%	0.64		%	0.65		%	0.78		%	0.77		%	0.78
Allowance for credit losses for performing loans as a % of total performing loans	0.72			0.58			0.58			0.59			0.71			0.72			0.71
Gross loan charge-offs as a % of average total loans (annualized) (2)	0.13			0.11			0.06			0.13			0.12			0.12			0.46
Net loan charge-offs as a % of average total loans (annualized) (2)	0.12			0.05			0.01			0.07			0.10			0.08			0.43
Other ratios:
Operating efficiency ratio (8)	55.46		%	54.60		%	60.13		%	57.68		%	43.85		%	55.02		%	44.56		%
Total cost of deposits (annualized) (9)	0.16			0.05			0.04			0.05			0.04			0.10			0.04
SVBFG CET 1 risk-based capital ratio	11.98			12.10			12.09			12.73			11.93			11.98			11.93
Bank CET 1 risk-based capital ratio	15.37			14.89			14.89			14.68			13.66			15.37			13.66
SVBFG tier 1 risk-based capital ratio	15.57			15.88			16.08			15.37			14.95			15.57			14.95

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Bank tier 1 risk-based capital ratio	15.37		14.89		14.89		14.68		13.66		15.37		13.66
SVBFG total risk-based capital ratio	16.22		16.39		16.58		15.87		15.53		16.22		15.53
Bank total risk-based capital ratio	16.04		15.41		15.40		15.21		14.26		16.04		14.26
SVBFG tier 1 leverage ratio	7.73		7.70		7.93		7.77		7.77		7.73		7.77
Bank tier 1 leverage ratio	7.55		7.09		7.24		7.30		6.96		7.55		6.96
Period-end loans, amortized cost, to deposits ratio	37.75		34.66		35.03		35.92		34.80		37.75		34.80
Average loans, amortized cost, to average deposits ratio	36.06		35.17		34.18		36.29		37.24		35.62		39.31
Book value per common share (10)	$	207.71	$	209.62	$	214.30	$	208.53	$	176.10	$	207.71	$	176.10
Tangible book value per common share (3) (11)	199.27		201.07		205.64		200.01		172.44		199.27		172.44
Other statistics:
Average full-time equivalent ("FTE") employees	7,528		6,975		6,431		6,024		4,808		7,251		4,705
Period-end full-time equivalent ("FTE") employees	7,743		7,149		6,567		6,208		4,932		7,743		4,932

(1)This metric for the quarter ended September 30, 2021 includes a post-combination provision of $46 million to record the allowance for credit losses for non-PCD loans and unfunded credit commitments acquired from Boston Private.

(2)This metric for the six months ended June 30, 2021 includes the impact of an $80 million charge-off related to fraudulent activity discussed in previous filings.

(3)To supplement our unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we use certain non-GAAP measures. A reconciliation of these non-GAAP measures to the most closely related GAAP measures is provided at the end of this release under the section “Use of Non-GAAP Financial Measures.”

(4)Our effective tax rate is calculated by dividing income tax expense by the sum of income before income tax expense and net income attributable to noncontrolling interests.

(5)Interest income on non-taxable investments is presented on a fully taxable equivalent basis using the federal statutory income tax rate of 21.0 percent. The taxable equivalent adjustments were $10 million, $9 million, $8 million, $7 million and $7 million for the quarters ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively. The taxable equivalent adjustments were $19 million and $12 million for the six months ended June 30, 2022 and June 30, 2021, respectively.

(6)Ratio represents annualized consolidated net income available to common stockholders divided by average assets.

(7)Ratio represents annualized consolidated net income available to common stockholders divided by average SVB Financial Group ("SVBFG") common stockholders’ equity.

(8)Ratio is calculated by dividing noninterest expense by total net interest income plus noninterest income.

(9)Ratio represents annualized total cost of deposits and is calculated by dividing interest expense from deposits by average total deposits.

(10)Book value per common share is calculated by dividing total SVBFG common stockholders’ equity by total outstanding common shares.

(11)Tangible book value per common share is calculated by dividing tangible common equity by total outstanding common shares. Tangible common equity is a non-GAAP measure defined under the section “Use of Non-GAAP Financial Measures.”

Investment Securities

Our investment securities portfolio is comprised of: (i) our available-for-sale ("AFS") and held-to-maturity ("HTM") securities portfolios, each consisting of fixed income investments which are managed to earn an appropriate portfolio yield over the long-term while maintaining sufficient liquidity and addressing our asset/liability management objectives; and (ii) our non-marketable and other equity securities portfolio, which primarily represents investments managed as part of our funds management business as well as public equity securities held as a result of equity warrant assets exercised.

The following table provides further details on our AFS and HTM securities portfolios:

	Available-for-sale securities						Held-to-maturity securities
	Three Months ended						Three Months ended
(Dollars in millions)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		March 31, 2022		June 30, 2021
Average balance	$	29,922	$	26,946	$	24,358	$	96,732	$	98,677	$	47,914
Period-end balance	26,223		25,991		23,876		95,814		98,707		59,992
Weighted-average duration (in years)	3.8		3.7		4.2		5.9		5.2		4.6
Weighted-average duration including fair value swaps (in years) (1)	3.3		3.1		2.4		N/A		N/A		N/A

(1)The total notional value of our pay-fixed, receive-floating interest rate swap fair value hedge contracts for AFS securities was $5.9 billion as of June 30, 2022 and March 31, 2022 and $12.8 billion as of June 30, 2021.

The period-end increase in AFS securities was driven by purchases of $4.7 billion of AFS securities, partially offset by the sale of $3.4 billion in treasury securities, a $622 million decrease in the fair value of our AFS securities portfolio, reflective of higher interest rates, as well as $391 million of paydowns and maturities of AFS securities during the quarter.

The period-end decrease in HTM securities was driven by $3.2 billion in paydowns and maturities, partially offset by $330 million in purchases.

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The following table provides further details on our non-marketable securities portfolio:

(Dollars in millions)	June 30, 2022		March 31, 2022		June 30, 2021
GAAP non-marketable and other equity securities	$	2,645	$	2,605	$	1,943
Less: investments in qualified affordable housing projects	1,134		957		696
Less: noncontrolling interests in non-marketable securities	358		389		298
Non-GAAP non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests (1)	$	1,153	$	1,259	$	949

(1)Non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests is a non-GAAP measure defined under the section “Use of Non-GAAP Financial Measures.”

Loans

Average loans increased by $2.2 billion to $69.3 billion for the second quarter of 2022, compared to $67.1 billion for the first quarter of 2022. Period-end loans increased $2.3 billion to $71.0 billion at June 30, 2022, compared to $68.7 billion at March 31, 2022. Average and period-end loan growth was driven primarily by our Global Fund Banking portfolio, with continued growth in our Technology and Life Science/Healthcare and Private Bank loan portfolios.

The following table provides a summary of our loans at amortized cost basis broken out by class of financing receivable.

(Dollars in millions)	June 30, 2022		March 31, 2022		June 30, 2021
Global fund banking	$	40,316	$	39,344	$	30,630
Investor dependent
Early stage	1,856		1,707		1,565
Growth stage	4,159		4,032		3,763
Total investor dependent	6,015		5,739		5,328
Cash flow dependent - SLBO	1,859		1,826		1,917
Innovation C&I	7,753		7,247		5,730
Private bank	9,770		9,235		5,297
CRE	2,617		2,595		—
Premium wine	1,065		997		1,002
Other C&I	1,136		1,175		—
Other	365		316		7
PPP	59		191		843
Total loans	$	70,955	$	68,665	$	50,754

Net Interest Income and Margin

Net interest income, on a fully taxable equivalent basis, was $1.2 billion for the second quarter of 2022, compared to $1.1 billion for the first quarter of 2022. The $86 million increase was attributable primarily to the following:

•An increase of $84 million in interest income from loans due primarily to higher yields driven by the increase in market rates as well as growth in average loans of $2.2 billion.

•An increase of $52 million in interest income from our fixed income investment securities due primarily to an increase in yields reflective of a decrease in premium amortization as a result of higher rates reducing estimated prepayment speeds, higher yields on new purchases and a $1.0 billion increase in average fixed income securities. The overall increase in interest income was partially offset by,

•An increase of $67 million in interest expense due primarily to an increase in interest paid on our interest-bearing deposits driven by higher market rates.

Net interest margin, on a fully taxable equivalent basis, was 2.24 percent for the second quarter of 2022, compared to 2.13 percent for the first quarter of 2022. The 11 basis point increase in our net interest margin was due primarily to improved yields reflective of the higher rate environment and the decrease in premium amortization mentioned above, partially offset by the increase in interest-bearing deposit expense mentioned above.

For the second quarter of 2022, approximately 91 percent, or $63.0 billion, of our average loans were variable-rate loans that adjust at prescribed measurement dates.Of our variable-rate loans, approximately 67 percent are tied to prime-lending rates, 25 percent are tied to LIBOR and 8 percent are tied to alternate reference rates.

With the December 31, 2021 cessation of most global LIBOR rates including the 1-week and 2-month USD LIBOR tenors, SVB is offering products tied to alternate reference rates for clients today across USD (SOFR), GBP (SONIA), and EUR (€STR). For USD, SVB supports Term SOFR (1-,3-, and 6-month tenors) and Daily Simple SOFR conventions. We are currently focused on legacy contracts and continued migration away from LIBOR to alternate

4    

reference rates. SVB does not expect any material changes in net interest income or net interest expense from product spread adjustments as a result of offering alternative reference rates.

Credit Quality

The following table provides a summary of our allowance for credit losses for loans, unfunded credit commitments and HTM securities:

	Three months ended									Six months ended
(Dollars in millions, except ratios)	June 30, 2022			March 31, 2022			June 30, 2021			June 30, 2022			June 30, 2021
Allowance for credit losses for loans, beginning balance	$	421		$	422		$	392		$	422		$	448
Provision for loans	146			8			16			154			50
Gross loan charge-offs	(22)			(18)			(15)			(40)			(110)
Loan recoveries	2			10			3			12			8
Foreign currency translation adjustments	(2)			(1)			—			(3)			—
Allowance for credit losses for loans, ending balance	$	545		$	421		$	396		$	545		$	396
Allowance for credit losses for unfunded credit commitments, beginning balance	$	175		$	171		$	105		171			121
Provision (reduction) for unfunded credit commitments	50			4			15			54			(1)
Foreign currency translation adjustments	(1)			—			—			(1)			—
Allowance for credit losses for unfunded credit commitments, ending balance (1)	$	224		$	175		$	120		$	224		$	120
Allowance for credit losses for HTM securities, beginning balance	$	6		$	7		$	1		7			—
(Reduction) provision for HTM securities	—			(1)			4			(1)			5
Allowance for credit losses for HTM securities, ending balance (2)	$	6		$	6		$	5		$	6		$	5
Ratios and other information:
Provision for loans as a percentage of period-end total loans (annualized)	0.83		%	0.05		%	0.13		%	0.44		%	0.20		%
Gross loan charge-offs as a percentage of average total loans (annualized)	0.13			0.11			0.12			0.12			0.46
Net loan charge-offs as a percentage of average total loans (annualized)	0.12			0.05			0.10			0.08			0.43
Allowance for credit losses for loans as a percentage of period-end total loans	0.77			0.61			0.78			0.77			0.78
Provision for credit losses	$	196		$	11		$	35		$	207		$	54
Period-end total loans	70,955			68,665			50,754			70,955			50,754
Average total loans	69,263			67,070			49,812			68,172			48,056
Allowance for credit losses for nonaccrual loans	36			20			38			36			38
Nonaccrual loans	93			70			79			93			79

(1)The “allowance for credit losses for unfunded credit commitments” is included as a component of “other liabilities.”

(2)The "allowance for credit losses for HTM securities" is included as a component of HTM securities and presented net in our consolidated financial statements.

Our allowance for credit losses for loans increased $124 million to $545 million at June 30, 2022, compared to $421 million at March 31, 2022.As a percentage of total loans, our allowance for credit losses for loans increased 16 basis points to 0.77 percent at June 30, 2022, compared to 0.61 percent at March 31, 2022. Included in the 16 basis point increase in our allowance for credit losses for loans is an 8 basis point increase in reserves for the overall deterioration in economic conditions.

The provision for credit losses was $196 million for the second quarter of 2022, consisting of the following:

•A provision for credit loss for loans of $146 million, driven primarily by a deterioration in projected economic conditions. We assigned a higher weighting to our downturn outlook scenario to reflect our best estimate of projected economic conditions. The increased weighting applied to the downturn scenario accounted for $60 million of the provision, with an additional $29 million due primarily to rising risk ratings and increased weighted average loan lives. The provision also includes $18 million for loan growth, an additional $16 million in reserves for nonaccrual loans, and $20 million for charge-offs not previously reserved for.

•A provision for credit loss for unfunded credit commitments of $50 million, driven primarily by the same economic conditions described above. The provision includes $24 million from the adjustment in our scenario weightings, $17 million primarily from rising risk ratings and increased weighted average loan lives mentioned previously, and an additional $8 million for growth in our unfunded commitments.

•A provision for credit losses for HTM securities of less than $1 million, based on ongoing stability within the HTM bond portfolio.

5    

Gross loan charge-offs were $22 million for the second quarter of 2022, of which $20 million was not specifically reserved for at March 31, 2022. Gross loan charge-offs were primarily driven by clients in our Technology and Life Sciences/Healthcare portfolios, including $13 million of charge-offs from Investor Dependent - Early Stage clients. Of the Early-Stage charge-offs, $6 million related to a single client.

Nonaccrual loans increased three basis points as a percentage of total loans to $93 million at June 30, 2022, compared to $70 million at March 31, 2022. The increase in nonaccrual loans was reflective of $59 million in new nonperforming loans, net of charge-offs, driven primarily by $40 million of additional Investor Dependent – Early Stage and Later Stage client loan balances, partially offset by a reduction of $21 million of Cash Flow Dependent – SLBO client loan balances. The allowance for credit losses for nonaccrual loans increased $16 million to $36 million in the second quarter of 2022. The increase is reflective primarily of higher expected loss associated with specific nonaccrual loans.

Client Funds

Our Total Client Funds consist of the sum of both our on-balance sheet deposits and off-balance sheet client investment funds. The following tables provide a summary of our average and period-end on-balance sheet deposits and off-balance sheet client investment funds:

Average On-Balance Sheet Deposits and Off-Balance Sheet Client Investment Funds (1)

	Average balances for the
	Three months ended						Six months ended
(Dollars in millions)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Interest-bearing deposits	$	71,388	$	65,150	$	42,230	$	68,286	$	39,816
Noninterest bearing demand deposits	120,678		125,568		91,530		123,110		82,432
Total average on-balance sheet deposits	$	192,066	$	190,718	$	133,760	$	191,396	$	122,248
Sweep money market funds	$	95,178	$	109,116	$	82,573	$	102,147	$	74,856
Managed client investment funds (2)	85,292		84,467		77,733		84,879		75,106
Repurchase agreements	14,167		12,557		14,021		13,362		12,992
Total average off-balance sheet client investment funds	$	194,637	$	206,140	$	174,327	$	200,388	$	162,954

Period-end On-Balance Sheet Deposits and Off-Balance Sheet Client Investment Funds (1)

	Period-end balances at
(Dollars in millions)	June 30, 2022		March 31, 2022		December 31, 2021		September 30, 2021		June 30, 2021
Interest-bearing deposits	$	73,976	$	70,137	$	63,352	$	55,794	$	44,579
Noninterest-bearing demand deposits	113,969		127,997		125,851		115,388		101,259
Total period-end on-balance sheet deposits	$	187,945	$	198,134	$	189,203	$	171,182	$	145,838
Sweep money market funds	$	89,544	$	102,550	$	109,241	$	105,163	$	90,402
Managed client investment funds (2)	86,849		83,988		85,475		81,503		78,698
Repurchase agreements	14,851		12,678		15,370		13,568		14,067
Total period-end off-balance sheet client investment funds	$	191,244	$	199,216	$	210,086	$	200,234	$	183,167

(1)Off-Balance sheet client investment funds are maintained at third-party financial institutions.

(2)These funds represent investments in third-party money market mutual funds and fixed income securities managed by SVB Asset Management.

Average Total Client Funds decreased by $10.2 billion to $386.7 billion for the second quarter of 2022, compared to $396.9 billion for the first quarter of 2022. Period-end Total Client Funds decreased $18.2 billion to $379.2 billion at June 30, 2022, compared to $397.4 billion at March 31, 2022. The decreases in our average and period-end Total Client Funds from the first quarter of 2022 to the second quarter of 2022 is reflective of the slowdown in public and private fundraising and exits resulting from persistent market volatility as well as increased client cash burn rates.

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SVB Private Assets Under Management ("AUM")

AUM consists of SVB Private's (formerly known as SVB Private Bank) client investment account balances and generated fee income included in financial statement line item wealth management and trust fees included in our consolidated statements of income. The decrease in SVB Private AUM was driven by unfavorable market returns due to market volatility as well as net outflows. The following table summarizes the activity relating to AUM for the three months ended June 30, 2022 and March 31, 2022, respectively:

	Three months ended
(Dollars in millions)	June 30, 2022		March 31, 2022
Beginning balance	$	19,008	$	19,646
Net flows	(539)		264
Market returns	(1,957)		(902)
Ending balance	$	16,512	$	19,008

Noninterest Income

Noninterest income was $362 million for the second quarter of 2022, compared to $517 million for the first quarter of 2022. The decrease in noninterest income was primarily driven by net losses on investment securities as well as lower net gains on equity warrant assets, partially offset by increases in client investment fees, investment banking revenue and gains from changes in the fair value of hedge instruments included in other noninterest income.

Items impacting noninterest income for the second quarter of 2022 were as follows:

Net (losses) gains on investment securities

The following tables provide a summary of non-GAAP net gains on investment securities, net of noncontrolling interests, for the three months ended June 30, 2022 and March 31, 2022, respectively:

	Three months ended June 30, 2022
(Dollars in millions)	Managed Funds of Funds		Managed Direct Venture Funds		Managed Credit Funds		Public Equity Securities		Sales of AFS Securities		Strategic and Other Investments		SVB Securities		Total
GAAP (losses) gains on investment securities, net	$	(83)	$	—	$	3	$	(6)	$	(1)	$	(46)	$	(24)	$	(157)
Less: income attributable to noncontrolling interests, including carried interest allocation	(19)		2		—		—		—		—		(3)		(20)
Non-GAAP (losses) gains on investment securities, net of noncontrolling interests	$	(64)	$	(2)	$	3	$	(6)	$	(1)	$	(46)	$	(21)	$	(137)

	Three months ended March 31, 2022
(Dollars in millions)	Managed Funds of Funds		Managed Direct Venture Funds		Managed Credit Funds		Public Equity Securities		Sales of AFS Securities		Strategic and Other Investments		SVB Securities		Total
GAAP gains (losses) on investment securities, net	$	46	$	15	$	6	$	(32)	$	49	$	2	$	(1)	$	85
Less: income attributable to noncontrolling interests, including carried interest allocation	15		2		1		—		—		—		—		18
Non-GAAP gains (losses) on investment securities, net of noncontrolling interests	$	31	$	13	$	5	$	(32)	$	49	$	2	$	(1)	$	67

Non-GAAP net losses on investment securities, net of noncontrolling interests of $137 million for the second quarter of 2022 were driven primarily by valuation losses in our managed funds of funds, strategic and other investments and SVB Securities portfolios reflective of current market conditions. Total net losses of $129 million ($110 million, net of noncontrolling interests) in our managed funds of funds and strategic and other investment portfolios include a total downward valuation adjustment of $48 million ($32 million, net of noncontrolling interests) for illiquid investments held in the funds of funds and strategic and other investments portfolios to reflect the current market environment. Net losses in our managed funds of funds portfolio are also partially offset by gains of $35 million, included in other noninterest income, for the change in fair value of hedge instruments for certain funds.

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Net gains on equity warrant assets

The following table provides a summary of our net gains on equity warrant assets:

	Three months ended						Six months ended
(Dollars in millions)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Equity warrant assets:
Gains on exercises, net	$	9	$	12	$	78	$	28	$	251
Terminations	(1)		(1)		(1)		(2)		(1)
Changes in fair value, net	9		52		45		54		94
Total net gains on equity warrant assets	$	17	$	63	$	122	$	80	$	344

Net gains on equity warrant assets for the second quarter of 2022 were driven by $9 million in gains on exercises of warrants mainly by M&A activity and $9 million in net valuation increases driven by private company valuation updates. Net gains on equity warrant assets for the second quarter of 2022 include a downward valuation adjustment of $8 million, reflective of current market volatility.

At June 30, 2022, we held warrants in 2,905 companies with a total fair value of $322 million. Warrants in 51 companies each had fair values greater than $1 million and collectively represented $166 million, or 51.7 percent, of the fair value of the total warrant portfolio at June 30, 2022.

The gains (or losses) from investment securities from our non-marketable and other equity securities portfolio as well as our equity warrant assets resulting from changes in valuations (fair values) are currently unrealized, and the extent to which such gains (or losses) will become realized is subject to a variety of factors, including, among other things, performance of the underlying portfolio companies, investor demand for IPOs and SPACs, fluctuations in the underlying valuation of these companies, levels of M&A activity and legal and contractual restrictions on our ability to sell the underlying securities.  

Non-GAAP core fee income plus non-GAAP SVB Securities revenue

The following table provides a summary of our non-GAAP core fee income, non-GAAP SVB Securities revenue and non-GAAP core fee income plus SVB Securities revenue:

	Three months ended						Six months ended
(Dollars in millions)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Non-GAAP core fee income:
Client investment fees	$	83	$	35	$	15	$	118	$	35
Wealth management and trust fees	22		22		—		44		—
Foreign exchange fees	69		73		67		142		124
Credit card fees	40		37		31		77		59
Deposit service charges	32		30		28		62		53
Lending related fees	26		19		18		45		34
Letters of credit and standby letters of credit fees	14		14		13		28		26
Total non-GAAP core fee income	$	286	$	230	$	172	$	516	$	331
Investment banking revenue	125		93		103		218		245
Commissions	24		25		17		49		41
Total non-GAAP SVB Securities revenue	$	149	$	118	$	120	$	267	$	286
Total non-GAAP core fee income plus SVB Securities revenue	$	435	$	348	$	292	$	783	$	617

Non-GAAP core fee income increased from the first quarter of 2022 to the second quarter of 2022 primarily reflective of an increase in client investment fees. The increase in client investment fees of $48 million is reflective of improved fee margins resulting from higher short-term interest rates driven by the May and June Federal Funds Rate increases.

Non-GAAP SVB Securities revenue increased $31 million from the first quarter of 2022 to the second quarter of 2022 driven by an increase in advisory transactions as well as equity capital markets transactions.

Reconciliations of our non-GAAP net gains on investment securities, non-GAAP core fee income, non-GAAP SVB Securities revenue and non-GAAP core fee income plus SVB Securities revenue are provided under the section “Use of Non-GAAP Financial Measures.”

Noninterest Expense

Noninterest expense was $848 million for the second quarter of 2022, compared to $873 million for the first quarter of 2022. The decrease of $25 million from the prior quarter was attributable primarily to a decrease in our compensation and benefits expense partially offset by increases in our professional services expense, business development and travel expense and other noninterest expense.

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The following table provides a summary of our compensation and benefits expense:

	Three months ended						Six months ended
(Dollars in millions, except employees)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Compensation and benefits:
Salaries and wages	$	264	$	236	$	146	$	500	$	309
Incentive compensation plans	117		194		162		311		312
Other employee incentives and benefits (1)	121		154		117		275		249
Total compensation and benefits	$	502	$	584	$	425	$	1,086	$	870
Period-end full-time equivalent employees	7,743		7,149		4,932		7,743		4,932
Average full-time equivalent employees	7,528		6,975		4,808		7,251		4,705

(1)Other employee incentives and benefits expense includes employer payroll taxes, group health and life insurance, share-based compensation, 401(k), ESOP, warrant incentive and retention plans, agency fees and other employee-related expenses.

The $82 million decrease in total compensation and benefits expense consists primarily of the following:

•A decrease of $77 million in incentive compensation plans expense attributable to a decrease in our incentive compensation plan accrual as a result of our updated financial outlook,

•A decrease of $33 million in other employee incentives and benefits driven by higher seasonal expense items in the first quarter relating to 401(k) matching contributions and employer-related payroll taxes, partially offset by

•An increase of $28 million in salaries and wages expense primarily due to an increase in FTEs as we continue to invest in our revenue-generating lines of business and support functions and the full quarter impact of annual merit increases.

Professional services expense increased primarily due to increased consulting fees associated with our initiatives related to our regulatory programs.

Business development and travel expense increased primarily due to the continued easing of COVID-19 restrictions on in-person meetings and travel.

Other noninterest expense increased primarily due to higher advertising and promotional expenses, lending, deposit and other client-related processing costs and charitable donations expenses.

SVBFG Stockholders’ Equity

Total SVBFG stockholders’ equity decreased by $62 million to $15.9 billion at June 30, 2022, compared to $16.0 billion at March 31, 2022. The decrease was driven primarily by other comprehensive income from unrealized losses recorded on AFS securities, net of tax, reflective of an increase in market rates. The decrease was further offset by an increase in the fair value of hedging instruments. The following table provides a summary of the changes in SVBFG stockholders' equity during the quarter:

(Dollars in millions)
Beginning balance at March 31, 2022	$	15,980
Net income available to common stockholders (1)	333
Other comprehensive income	(438)
Other	43
Ending balance at June 30, 2022	$	15,918

(1)Excludes $40 million of preferred dividends paid during the second quarter of 2022.

Preferred Stock

On July 21, 2022, the Company's Board of Directors declared the following quarterly preferred stock dividends payable on August 15, 2022 to holders of record at the close of business on August 1, 2022:

	Cash dividend		Cash dividend per depositary share
Series A Preferred Stock	$	13.125	$	0.328125
Series B Preferred Stock	1,025.00		10.25
Series C Preferred Stock	1,000.00		10.00
Series D Preferred Stock	1,062.50		10.625
Series E Preferred Stock	1,175.00		11.75

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SVB Financial and Bank Capital Ratios(1)

	June 30, 2022		March 31, 2022		June 30, 2021
SVB Financial:
CET 1 risk-based capital ratio	11.98	%	12.10	%	11.93	%
Tier 1 risk-based capital ratio	15.57		15.88		14.95
Total risk-based capital ratio	16.22		16.39		15.53
Tier 1 leverage ratio	7.73		7.70		7.77
Tangible common equity to tangible assets ratio (2)	5.50		5.38		5.76
Tangible common equity to risk-weighted assets ratio (2)	10.84		11.30		12.02
Silicon Valley Bank:
CET 1 risk-based capital ratio	15.37	%	14.89	%	13.66	%
Tier 1 risk-based capital ratio	15.37		14.89		13.66
Total risk-based capital ratio	16.04		15.41		14.26
Tier 1 leverage ratio	7.55		7.09		6.96
Tangible common equity to tangible assets ratio (2)	7.15		6.57		6.47
Tangible common equity to risk-weighted assets ratio (2)	14.22		14.07		13.76

(1)Regulatory capital ratios as of June 30, 2022 are preliminary.

(2)These are non-GAAP measures. A reconciliation of non-GAAP measures to GAAP is provided at the end of this release under the section “Use of Non-GAAP Financial Measures.”

June 30, 2022Preliminary Results

As of June 30, 2022, Common Equity Tier 1 and total risk-based capital ratios for SVB Financial and Silicon Valley Bank increased reflective of increases in regulatory capital outpacing increases in risk-weighted assets. The increase in regulatory capital for SVB Financial was driven primarily by net income and an increase in the allowance for credit losses, partially offset by preferred stock dividends. The increase in regulatory capital for Silicon Valley Bank was driven by a downstream capital infusion from our bank holding company during the second quarter of 2022, net income and an increase in the allowance for credit losses. The increase in risk-weighted assets for both SVB Financial and Silicon Valley Bank were driven primarily by growth in our loan portfolios and other assets.

The increase in our Tier 1 leverage ratios for SVB Financial and Silicon Valley Bank are reflective of the growth in regulatory capital outpacing growth in average assets. The increase in regulatory capital for SVB Financial was driven primarily by net income while the increase in regulatory capital for Silicon Valley Bank was driven by a downstream capital infusion from our bank holding company during the second quarter of 2022 and net income. The increase in average assets for both SVB Financial and Silicon Valley Bank was driven primarily by growth in our loan portfolio and other assets.

All of our reported capital ratios remain above the levels considered to be “well capitalized” under applicable banking regulations.

Subsequent Event

During July 2022, we terminated all of our last of layer AFS fair value hedges to reduce asset sensitivity. This termination resulted in a $313 million gain which will be amortized into interest income over the life of the underlying hedged securities, which is approximately 7 years.

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Financial Outlook for the Year Ending December 31, 2022

Our outlook for the year ending December 31, 2022 is provided below on a GAAP basis, unless otherwise noted. We have provided our current outlook for the expected full year results of our significant forecasted activities based on management's assumptions and current expectations. Except for the items noted below, we do not provide an outlook for certain items (such as gains or losses from warrants and investment securities) where the timing or financial impact are particularly uncertain and/or subject to market or other conditions beyond our control (such as the level of IPO, SPAC, M&A or general financing activity), or for potential unusual or non-recurring items. The outlook and the underlying assumptions presented are, by their nature, forward-looking statements and are subject to substantial risks and uncertainties, including risks and uncertainties related to a material deterioration in the overall economy, the COVID-19 pandemic and related government actions, geopolitical instability, and other factors which are discussed below under the section “Forward-Looking Statements.” Actual results may differ. (For additional information about our financial outlook, please refer to Q2 2022 Earnings Slides. See "Additional Information" below.)

For the full year ending December 31, 2022, compared to our full year 2021 results, we currently expect the following outlook (please note that the outlook below does not include and/or take into account: (i) changes in interest rates, including, but not limited to, changes in the Federal Funds or alternative reference rates, (ii) regulatory/policy changes under the current U.S. government administration, or (iii) adverse developments with respect to U.S. or global economic or geopolitical conditions and includes management's updates to certain 2022 outlook metrics we had previously disclosed on April 21, 2022):

	Prior full year 2022 outlook compared to 2021 results (as of April 21, 2022)	Current full year 2022 outlook compared to 2021 results (as of July 21, 2022)
Average loan balances	Mid-thirties growth	High twenties growth
Average deposit balances	Low forties growth	High twenties growth
Net interest income (1)	Low fifties growth	Mid-forties growth
Net interest margin (1)	2.10% — 2.20%	2.15% — 2.25%
Net loan charge-offs	0.15% — 0.35% of average loans	0.15% — 0.35% of average loans
Core fee income (client investment fees, wealth management and trust fees, foreign exchange fees, credit card fees, deposit service charges, lending related fees and letters of credit fees) (2)	Mid-forties growth	Mid-fifties growth
SVB Securities revenue (2)	$500 million — $550 million	$460 million — $500 million
Noninterest expense excluding merger-related charges (3) (4)	High twenties growth	Low twenties growth
Effective tax rate (5)	25% — 27%	25% — 27%

(1)Our outlook for net interest income and net interest margin is based primarily on management's current forecast of average deposit and loan balances and deployment of surplus cash into investment securities. Such forecasts are subject to change, and actual results may differ, based on market conditions, a material deterioration in the overall economy, COVID-19 pandemic and its effects on the economic and business environments in which we operate, actual prepayment rates, geopolitical instability and other factors described under the section "Forward-Looking Statements" below.

(2)Core fee income and SVB Securities revenue are each non-GAAP measures, which collectively represent noninterest income, but exclude certain line items where performance is typically subject to market or other conditions beyond our control. As we are unable to quantify such line items that would be required to be included in the comparable GAAP financial measure for the future period presented without unreasonable efforts, no reconciliation for the outlook of non-GAAP core fee income and non-GAAP SVB Securities revenue to GAAP noninterest income for fiscal year ending 2022 is included in this release, as we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors. See "Use of Non-GAAP Financial Measures" at the end of this release for further information regarding the calculation and limitations of this measure. Core fee income does not include SVB Securities revenue. SVB Securities revenue represents investment banking revenue and commissions.

(3)Our outlook for noninterest expense is partly based on management's current forecast of performance-based incentive compensation expenses. Such forecasts are subject to change, and actual results may differ, based on our performance relative to our internal performance targets.

(4)Excludes $40 million estimated of pre-tax merger-related charges ($30 million in the first half of 2022 with the remainder in the second half of 2022).

(5)Our outlook for our effective tax rate is based on management's current assumptions with respect to, among other things, SVB Financial Group's earnings, state income tax levels, tax deductions and estimated performance-based compensation activity and does not include assumptions for potential future tax rate changes.

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements are statements that are not historical facts, such as forecasts of our future financial results and condition, expectations for our operations and business, and our underlying assumptions of such forecasts and expectations. In addition, forward-looking statements generally can be identified by the use of such words as “becoming,” “may,” “will,” “should,” “could,” “would,” “predict,” “potential,” “continue,” “anticipate,” “believe,” “estimate,” “assume,” “seek,” “expect,” “plan,” “intend,” the negative of such words or comparable terminology. In this release, including our CEO's statement and in the section “Financial Outlook for the Year Ending December 31, 2022,” we make forward-looking statements discussing management’s expectations for 2022 about, among other things, economic conditions; the continuing and potential effects of the COVID-19 pandemic; opportunities in the market; the outlook on our clients' performance; our financial, credit, and business performance, including loan growth, loan mix and loan yields; deposit growth; expense levels; our expected effective tax rate; accounting impacts; and financial results (and the components of such results).

Although we believe that the expectations reflected in our forward-looking statements are reasonable, we have based these expectations on our current beliefs as well as our assumptions, and such expectations may not prove to be correct. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside our control. Our actual results of operations and financial performance could differ significantly from those expressed in or implied by our management’s forward-looking statements. Important factors that could cause our actual results and financial condition to differ from the expectations stated in the forward-looking statements include, among others:

•market and economic conditions (including elevated inflation levels, sustained interest rate increases, the general condition of the capital and equity markets, private equity and venture capital investment, IPO, secondary offering, SPAC fundraising, M&A and other financing activity levels) and the associated impact on us (including effects on client demand for our commercial and investment banking and other financial services, as well as on the valuations of our investments);

•disruptions to the financial markets as a result of the current or anticipated impact of military conflict, including the ongoing military conflict between Russia and Ukraine, terrorism and other geopolitical events;

•the COVID-19 pandemic, including COVID-19 variants and their effects on the economic and business environments in which we operate, and its effects on our operations, including, as a result of, prolonged work-from-home arrangements;

•the impact of changes from the Biden-Harris administration and the U.S. Congress on the economic environment, capital markets and regulatory landscape, including monetary, tax and other trade policies, as well as changes in personnel at the bank regulatory agencies;

•changes in the volume and credit quality of our loans as well as volatility of our levels of nonperforming assets and charge-offs;

•the impact of changes in interest rates or market levels or factors affecting or affected by them, especially on our loan and investment portfolios;

•the adequacy of our allowance for credit losses and the need to make provisions for credit losses for any period;

•the sufficiency of our capital and liquidity positions;

•changes in the levels of our loans, deposits and client investment fund balances;

•changes in the performance or equity valuations of funds or companies in which we have invested or hold derivative instruments or equity warrant assets;

•variations from our expectations as to factors impacting our cost structure;

•changes in our assessment of the creditworthiness or liquidity of our clients or unanticipated effects of credit concentration risks which create or exacerbate deterioration of such creditworthiness or liquidity;

•variations from our expectations as to factors impacting the timing and level of employee share-based transactions;

•the occurrence of fraudulent activity, including breaches of our information security or cyber security-related incidents;

•business disruptions and interruptions due to natural disasters and other external events;

•the impact on our reputation and business from our interactions with business partners, counterparties, service providers and other third parties;

•the expansion of our business internationally, and the impact of geopolitical events and international market and economic events on us;

•the effectiveness of our risk management framework and quantitative models;

12    

•our ability to maintain or increase our market share, including through successfully implementing our business strategy and undertaking new business initiatives, including through the continuing integration of Boston Private, the expansion of SVB Private and the growth and expansion of SVB Securities;

•greater than expected costs or other difficulties related to the continuing integration of our business and that of Boston Private;

•variations from our expectations as to the amount and timing of business opportunities, growth prospects and cost savings associated with the acquisition of Boston Private;

•the inability to retain existing Boston Private clients and employees following the Boston Private acquisition;

•unfavorable resolution of legal proceedings or claims, as well as legal or regulatory proceedings or governmental actions;

•variations from our expectations as to factors impacting our estimate of our full-year effective tax rate;

•changes in applicable accounting standards and tax laws; and

•regulatory or legal changes and their impact on us.

For additional information about these and other factors, please refer to our public reports filed with the U.S. Securities and Exchange Commission, including under the caption "Risk Factors" in our most recent Annual Report filed on Form 10-K. The forward-looking statements included in this release are made only as of the date of this release. We do not intend, and undertake no obligation, to update these forward-looking statements.

Earnings Conference Call

On Thursday, July 21, 2022, we will host a conference call at 3:00 p.m. (Pacific Time) to discuss the financial results for the quarter ended June 30, 2022. The conference call can be accessed by dialing (888) 330-3016 or (646) 960-0828 and entering the confirmation number "5682116". A live webcast of the audio portion of the call can be accessed on the Investor Relations section of our website at www.svb.com. A replay of the audio webcast will also be available on www.svb.com for 12 months beginning on July 21, 2022.

Additional Information

For additional information about our business, financial results for the second quarter 2022 and financial outlook, please refer to our Q2 2022 Earnings Slides and Q2 2022 CEO Letter, which are available on the Investor Relations section of our website atwww.svb.com. These materials should be read together with this release, and include important supplemental information including key considerations that may impact our financial outlook.

About SVB Financial Group

SVB is the financial partner of the innovation economy, helping individuals, investors and the world’s most innovative companies achieve their ambitious goals. SVB’s businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global.

SVB Financial Group (Nasdaq: SIVB) is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group.

13    

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three months ended						Six months ended
(Dollars in millions, except share data)	June 30, 2022		March 31, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Interest income:
Loans	$	654	$	570	$	472	$	1,224	$	903
Investment securities:
Taxable	562		511		251		1,073		475
Non-taxable	35		35		24		70		45
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities	23		6		4		29		7
Total interest income	1,274		1,122		751		2,396		1,430
Interest expense:
Deposits	77		22		12		99		22
Borrowings	30		18		11		48		20
Total interest expense	107		40		23		147		42
Net interest income	1,167		1,082		728		2,249		1,388
Provision for credit losses	196		11		35		207		54
Net interest income after provision for credit losses	971		1,071		693		2,042		1,334
Noninterest income:
Gains/(loss) on investment securities, net	(157)		85		305		(72)		472
Gains on equity warrant assets, net	17		63		122		80		344
Client investment fees	83		35		15		118		35
Wealth management and trust fees	22		22		—		44		—
Foreign exchange fees	69		73		67		142		124
Credit card fees	40		37		31		77		59
Deposit service charges	32		30		28		62		53
Lending related fees	26		19		18		45		34
Letters of credit and standby letters of credit fees	14		14		13		28		26
Investment banking revenue	125		93		103		218		245
Commissions	24		25		17		49		41
Other	67		21		42		88		72
Total noninterest income	362		517		761		879		1,505
Noninterest expense:
Compensation and benefits	502		584		425		1,086		870
Professional services	132		106		97		238		178
Premises and equipment	60		58		37		118		70
Net occupancy	26		23		17		49		35
Business development and travel	27		14		3		41		7
FDIC and state assessments	16		16		10		32		20
Merger-related charges	16		16		19		32		19
Other	69		56		45		125		90
Total noninterest expense	848		873		653		1,721		1,289
Income before income tax expense	485		715		801		1,200		1,550
Income tax expense	132		182		173		314		360
Net income before noncontrolling interests and dividends	353		533		628		886		1,190
Net (income)/loss attributable to noncontrolling interests	20		(18)		(113)		2		(138)
Preferred stock dividends	(40)		(43)		(13)		(83)		(18)
Net income available to common stockholders	$	333	$	472	$	502	$	805	$	1,034
Earnings per common share—basic	$	5.65	$	8.03	$	9.23	$	13.68	$	19.40
Earnings per common share—diluted	5.60		7.92		9.09		13.52		19.10
Weighted average common shares outstanding—basic	58,934,849		58,800,492		54,352,725		58,868,041		53,272,389
Weighted average common shares outstanding—diluted	59,454,379		59,599,016		55,151,596		59,530,315		54,115,083

14    

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in millions, except par value and share data)	June 30, 2022		March 31, 2022		June 30, 2021
Assets:
Cash and cash equivalents	$	15,398	$	20,606	$	23,959
Available-for-sale securities, at fair value (cost $28,141, $27,287 and $23,776, respectively)	26,223		25,991		23,876
Held-to-maturity securities, at amortized cost and net of allowance for credit losses of $6, $6 and $5 (fair value of $84,579, $91,667 and $60,107), respectively	95,814		98,707		59,992
Non-marketable and other equity securities	2,645		2,605		1,943
Investment securities	124,682		127,303		85,811
Loans, amortized cost	70,955		68,665		50,754
Allowance for credit losses: loans	(545)		(421)		(396)
Net loans	70,410		68,244		50,358
Premises and equipment, net of accumulated depreciation and amortization	294		283		196
Goodwill	375		375		143
Other intangible assets, net	148		154		57
Lease right-of-use assets	305		302		225
Accrued interest receivable and other assets	2,777		3,088		2,650
Total assets	$	214,389	$	220,355	$	163,399
Liabilities and total equity:
Liabilities:
Noninterest-bearing demand deposits	$	113,969	$	127,997	$	101,259
Interest-bearing deposits	73,976		70,137		44,579
Total deposits	187,945		198,134		145,838
Short-term borrowings	3,703		99		34
Lease liabilities	377		374		277
Other liabilities	2,721		2,817		3,449
Long-term debt	3,367		2,571		1,834
Total liabilities	198,113		203,995		151,432
SVBFG stockholders’ equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 383,500 shares, 383,500 shares and 367,500 shares issued and outstanding, respectively	3,646		3,646		2,064
Common stock, $0.001 par value, 150,000,000 shares authorized; 59,081,326 shares, 58,840,156 shares and 54,530,307 shares issued and outstanding, respectively	—		—		—
Additional paid-in capital	5,223		5,180		2,755
Retained earnings	8,247		7,914		6,706
Accumulated other comprehensive (loss) income	(1,198)		(760)		142
Total SVBFG stockholders’ equity	15,918		15,980		11,667
Noncontrolling interests	358		380		300
Total equity	16,276		16,360		11,967
Total liabilities and total equity	$	214,389	$	220,355	$	163,399

x198113

15    

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM AVERAGE BALANCES, RATES AND YIELDS

(Unaudited)

	Three months ended
	June 30, 2022						March 31, 2022						June 30, 2021
(Dollars in millions, except yield/rate and ratios)	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-earning assets:
Federal reserve deposits, federal funds sold, securities purchased under agreements to resell and other short-term investment securities (1)	$	14,799	$	23	0.63	%	$	14,800	$	6	0.16	%	$	21,069	$	4	0.08	%
Investment securities: (2)
Available-for-sale securities:
Taxable	29,922		122		1.63		26,946		86		1.30		24,358		73		1.20
Held-to-maturity securities:
Taxable	89,698		440		1.97		91,758		425		1.88		43,352		178		1.65
Non-taxable (3)	7,034		45		2.54		6,919		44		2.57		4,562		31		2.73
Total loans, amortized cost (4) (5)	69,263		654		3.78		67,070		570		3.45		49,812		472		3.80
Total interest-earning assets	210,716		1,284		2.44		207,493		1,131		2.21		143,153		758		2.12
Cash and due from banks	2,500						3,475						2,108
Allowance for credit losses: loans	(442)						(432)						(411)
Other assets (6)	5,224						5,532						5,867
Total assets	$	217,998					$	216,068					$	150,717
Funding sources:
Interest-bearing liabilities:
Interest bearing checking and savings accounts	$	11,928	$	24	0.79	%	$	6,059	$	1	0.07	%	$	3,096	$	1	0.11	%
Money market deposits	54,525		45		0.33		55,163		19		0.14		36,452		10		0.11
Money market deposits in foreign offices	1,163		1		0.26		776		—		0.03		787		—		0.01
Time deposits	2,722		7		1.10		2,116		2		0.39		631		1		0.37
Sweep deposits in foreign offices	1,050		—		0.03		1,036		—		0.01		1,264		—		0.01
Total interest-bearing deposits	71,388		77		0.43		65,150		22		0.14		42,230		12		0.11
Short-term borrowings	3,607		8		0.85		3,136		1		0.18		39		—		0.19
Long-term debt	3,122		22		2.91		2,570		17		2.55		1,604		11		2.75
Total interest-bearing liabilities	78,117		107		0.55		70,856		40		0.23		43,873		23		0.21
Portion of noninterest-bearing funding sources	132,599						136,637						99,280
Total funding sources	210,716		107		0.20		207,493		40		0.08		143,153		23		0.06
Noninterest-bearing funding sources:
Demand deposits	120,678						125,568						91,530
Other liabilities	2,894						3,100						4,200
Preferred stock	3,647						3,646						1,610
SVBFG common stockholders’ equity	12,286						12,530						9,283
Noncontrolling interests	376						368						221
Portion used to fund interest-earning assets	(132,599)						(136,637)						(99,280)
Total liabilities and total equity	$	217,998					$	216,068					$	150,717
Net interest income and margin			$	1,177	2.24	%			$	1,091	2.13	%			$	735	2.06	%
Total deposits	$	192,066					$	190,718					$	133,760
Average SVBFG common stockholders’ equity as a percentage of average assets					5.64	%					5.80	%					6.16	%
Reconciliation to reported net interest income:
Adjustments for taxable equivalent basis			(10)						(9)						(7)
Net interest income, as reported			$	1,167					$	1,082					$	728

(1)Includes average interest-earning deposits in other financial institutions of $5.1 billion, $5.2 billion and $1.9 billion; and $9.3 billion, $9.2 billion and $16.7 billion deposited at the Federal Reserve Bank, earning interest at the Federal Funds target rate, for the quarters ended June 30, 2022, March 31, 2022 and June 30, 2021, respectively.

(2)Yields on interest-earning investment securities do not give effect to changes in fair value that are reflected in other comprehensive income or loss.

(3)Interest income on non-taxable investment securities is presented on a fully taxable equivalent basis using the federal statutory tax rate of 21.0 percent for all periods presented.

(4)Nonaccrual loans are reflected in the average balances of loans.

(5)Interest income includes loan fees of $48 million, $50 million and $68 million for the quarters ended June 30, 2022, March 31, 2022 and June 30, 2021, respectively.

(6)Average investment securities of $1.0 billion, $2.1 billion and $3.4 billion for the quarters ended June 30, 2022, March 31, 2022 and June 30, 2021, respectively, were classified as other assets as they are noninterest-earning assets. These investments consist primarily of non-marketable and other equity securities.

16    

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM AVERAGE BALANCES, RATES AND YIELDS

(Unaudited)

	Six months ended
	June 30, 2022						June 30, 2021
(Dollars in millions, except yield/rate and ratios)	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-earning assets:
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities (1)	$	14,800	$	29	0.40	%	$	19,635	$	7	0.07	%
Investment securities: (2)
Available-for-sale securities:
Taxable	28,442		208		1.48		26,292		197		1.51
Held-to-maturity securities:
Taxable	90,722		865		1.92		32,531		278		1.72
Non-taxable (3)	6,976		89		2.56		4,136		57		2.78
Total loans, amortized cost (4) (5)	68,172		1,224		3.62		48,056		903		3.79
Total interest-earning assets	209,112		2,415		2.33		130,650		1,442		2.22
Cash and due from banks	2,985						1,823
Allowance for credit losses for loans	(437)						(448)
Other assets (6)	5,378						5,812
Total assets	$	217,038					$	137,837
Funding sources:
Interest-bearing liabilities:
Interest bearing checking and savings accounts	$	9,009	$	25	0.55	%	$	3,377	$	2	0.10	%
Money market deposits	54,842		64		0.23		33,721		19		0.11
Money market deposits in foreign offices	971		1		0.17		830		—		0.04
Time deposits	2,421		9		0.79		644		1		0.35
Sweep deposits in foreign offices	1,043		—		0.02		1,244		—		0.02
Total interest-bearing deposits	68,286		99		0.29		39,816		22		0.11
Short-term borrowings	3,373		9		0.54		26		—		0.16
Long-term debt	2,847		39		2.75		1,384		20		2.91
Total interest-bearing liabilities	74,506		147		0.40		41,226		42		0.21
Portion of noninterest-bearing funding sources	134,606						89,424
Total funding sources	209,112		147		0.14		130,650		42		0.06
Noninterest-bearing funding sources:
Demand deposits	123,110						82,432
Other liabilities	2,996						4,111
Preferred stock	3,647						1,216
SVBFG common stockholders’ equity	12,407						8,636
Noncontrolling interests	372						216
Portion used to fund interest-earning assets	(134,606)						(89,424)
Total liabilities and total equity	$	217,038					$	137,837
Net interest income and margin			$	2,268	2.19	%			$	1,400	2.16	%
Total deposits	$	191,396					$	122,248
Average SVBFG stockholders’ equity as a percentage of average assets					5.72	%					6.27	%
Reconciliation to reported net interest income:
Adjustments for taxable equivalent basis			(19)						(12)
Net interest income, as reported			$	2,249					$	1,388

(1)Includes average interest-earning deposits in other financial institutions of $5.2 billion and $1.8 billion for the six months endedJune 30, 2022 and June 30, 2021, respectively. The balance also includes $9.3 billion and $15.8 billion deposited at the Federal Reserve Bank, earning interest at the Federal Funds target rate for the six months ended June 30, 2022 and June 30, 2021, respectively.

(2)Yields on interest-earning investment securities do not give effect to changes in fair value that are reflected in other comprehensive income or loss.

(3)Interest income on non-taxable investment securities is presented on a fully taxable equivalent basis using the federal statutory tax rate of 21.0 percent for all periods presented.

(4)Nonaccrual loans are reflected in the average balances of loans.

(5)Interest income includes loan fees of $99 million and $126 million for the six months ended June 30, 2022 and June 30, 2021, respectively.

(6)Average investment securities of $1.5 billion and $3.4 billion for the six months ended June 30, 2022 and June 30, 2021, respectively, were classified as other assets as they are noninterest-earning assets. These investments consisted primarily of non-marketable and other equity securities.

17    

Reconciliation of Basic and Diluted Weighted Average Common Shares Outstanding

	Three months ended			Six months ended
(Shares in thousands)	June 30, 2022	March 31, 2022	June 30, 2021	June 30, 2022	June 30, 2021
Weighted average common shares outstanding—basic	58,935	58,800	54,353	58,868	53,272
Effect of dilutive securities:
Stock options and employee stock purchase plan	192	261	272	221	274
Restricted stock units	327	538	527	441	569
Total effect of dilutive securities	519	799	799	662	843
Weighted average common shares outstanding—diluted	59,454	59,599	55,152	59,530	54,115

Credit Quality

(Dollars in millions, except ratios)	June 30, 2022			March 31, 2022			June 30, 2021
Nonaccrual, past due and restructured loans:
Nonaccrual loans	$	93		$	70		$	79
Loans past due 90 days or more still accruing interest	—			2			3
Total nonperforming loans	93			72			82
OREO and other foreclosed assets	1			1			1
Total nonperforming assets	$	94		$	73		$	83
Nonaccrual loans as a percentage of total loans	0.13		%	0.10		%	0.16		%
Nonperforming loans as a percentage of total loans	0.13		%	0.10		%	0.16		%
Nonperforming assets as a percentage of total assets	0.04			0.03			0.05
Allowance for credit losses for loans	$	545		$	421		$	396
As a percentage of total loans	0.77		%	0.61		%	0.78		%
As a percentage of total nonperforming loans	586.02			584.72			482.93
Allowance for credit losses for nonaccrual loans	$	36		$	20		$	38
As a percentage of total loans	0.05		%	0.03		%	0.07		%
As a percentage of total nonperforming loans	38.71			27.78			46.34
Allowance for credit losses for total performing loans	$	509		$	401		$	358
As a percentage of total loans	0.72		%	0.58		%	0.71		%
As a percentage of total performing loans	0.72			0.58			0.71
Total loans	$	70,955		$	68,665		$	50,754
Total performing loans	70,862			68,593			50,672
Allowance for credit losses for unfunded credit commitments (1)	224			175			120
As a percentage of total unfunded credit commitments	0.44		%	0.39		%	0.33		%
Total unfunded credit commitments (2)	$	50,678		$	44,685		$	36,385

(1)The “allowance for credit losses for unfunded credit commitments” is included as a component of “other liabilities.”

(2)Includes unfunded loan commitments and letters of credit.

18    

Use of Non-GAAP Financial Measures

To supplement our unaudited condensed consolidated financial statements presented in accordance with GAAP, we use certain non-GAAP measures (including, but not limited to, non-GAAP core fee income, non-GAAP SVB Securities revenue, non-GAAP core fee income plus non-GAAP SVB Securities revenue, non-GAAP net gains on investment securities, non-GAAP non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests in non-marketable securities and non-GAAP financial ratios) of financial performance. These supplemental performance measures may vary from, and may not be comparable to, similarly titled measures by other companies in our industry. Non-GAAP financial measures are not in accordance with, or an alternative for, GAAP. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. A non-GAAP financial measure may also be a financial metric that is not required by GAAP or other applicable requirement.

We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures (as applicable), provide meaningful supplemental information regarding our performance by: (i) excluding amounts attributable to noncontrolling interests for which we effectively do not receive the economic benefit or cost of, where indicated, or (ii) providing additional information used by management that is not otherwise required by GAAP or other applicable requirements. Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results and when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate a comparison of our performance to prior periods. We believe these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. However, these non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, net income or other financial measures prepared in accordance with GAAP. In the financial tables below, we have provided a reconciliation of, where applicable, the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release, or a reconciliation of the non-GAAP calculation of the financial measure.

Additionally, from time to time, we may make reference to the non-GAAP financial metric of Core EPS in our earnings call and other investor presentations. Non-GAAP Core EPS consists of our net income available to common stockholders less gains or losses on investment securities, equity warrant assets and income and expenses related to SVB Securities, net of tax, divided by our diluted weighted average common shares outstanding. Our management believes this measure to be a useful assessment of our performance as it relates to our core business because it excludes certain financial items where performance is typically subject to market or other conditions beyond our control. A reconciliation of Core EPS to the closest corresponding GAAP measure is not available with respect to future goals due to our inability to provide a quantitative reconciliation to such measure.

In particular, in this press release, we use certain non-GAAP measures that exclude the following from net income and certain other financial line items in certain periods:

•Income and expense attributable to noncontrolling interests — As part of our funds management business, we recognize the entire income or loss from certain funds where we own less than 100 percent. We are required under GAAP to consolidate 100 percent of the results of certain SVB Capital funds. The relevant amounts attributable to investors other than us are reflected under “Net Income Attributable to Noncontrolling Interests.” Our net income available to common stockholders/certain financial line items include only the portion of income or loss related to our ownership interest.

In addition, in this press release, we use certain non-GAAP financial ratios and measures that are not required by GAAP or exclude certain financial items from calculations that are otherwise required under GAAP, including:

•Non-GAAP non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests — This measure represents non-marketable and other equity securities but excludes qualified affordable housing projects and noncontrolling interests. We exclude qualified affordable housing projects as they are not subject to the same market volatility as our other non-marketable and other equity securities. We also exclude noncontrolling interests as we are required to consolidate 100 percent of the results of certain SVB Capital funds with the relevant amounts attributable to investors, other than us, included in "Noncontrolling interests" within our total equity.

•Non-GAAP core fee income plus SVB Securities revenue — This measure represents noninterest income but excludes certain line items where performance is typically subject to market or other conditions beyond our control. We do not provide our outlook for the expected full year results for these excluded items, which include net gains or losses on investment securities, net gains or losses on equity warrant assets and other noninterest income items.

•Non-GAAP core fee income — This measure represents noninterest income but excludes certain line items where performance is typically subject to market or other conditions beyond our control, as well as our non-GAAP SVB

19    

Securities revenue, and represents client investment fees, wealth management and trust fees, foreign exchange fees, credit card fees, deposit service charges, lending related fees and letters of credit and standby letters of credit fees. We do not provide our outlook for the expected full year results for these excluded items, which include net gains or losses on investment securities, net gains or losses on equity warrant assets and other noninterest income items.

•Non-GAAP SVB Securities revenue — This measure represents noninterest income but excludes certain line items where performance is typically subject to market or other conditions beyond our control, as well as our non-GAAP core fee income, and represents investment banking revenue and commissions. We do not provide our outlook for the expected full year results for these excluded items, which include net gains or losses on investment securities, net gains or losses on equity warrant assets and other noninterest income items.

•Tangible common equity, or tangible book value, to tangible assets ratio; tangible common equity to risk-weighted assets ratio — These ratios are not required by GAAP or applicable bank regulatory requirements and are used by management to evaluate the adequacy of our capital levels. Risk-based capital guidelines require a minimum level of capital as a percentage of risk-weighted assets. Risk-weighted assets are calculated by assigning assets and off-balance sheet items to broad risk categories. Our ratios are calculated by dividing total SVBFG stockholders’ equity, by total assets or total risk-weighted assets, as applicable, after reducing amounts by acquired intangibles, if any.

	Three months ended										Six months ended
Non-GAAP core fee income plus SVB Securities revenue, non-GAAP SVB Securities revenue and non-GAAP core fee income (Dollars in millions)	June 30, 2022		March 31, 2022		December 31, 2021		September 30, 2021		June 30, 2021		June 30, 2022		June 30, 2021
GAAP noninterest income	$	362	$	517	$	561	$	672	$	761	$	879	$	1,505
Less: gains on investment securities, net	(157)		85		100		189		305		(72)		472
Less: net gains on equity warrant assets	17		63		69		147		122		80		344
Less: other noninterest income	67		21		31		25		42		88		72
Non-GAAP core fee income plus SVB Securities revenue	435		348		361		311		292		$	783	$	617
Investment banking revenue	125		93		124		90		103		218		245
Commissions	24		25		21		17		17		49		41
Less: non-GAAP SVB Securities revenue	149		118		145		107		120		$	267	$	286
Non-GAAP core fee income	$	286	$	230	$	216	$	204	$	172	$	516	$	331

	Three months ended										Six months ended
Non-GAAP net gains on investment securities, net of noncontrolling interests (Dollars in millions)	June 30, 2022		March 31, 2022		December 31, 2021		September 30, 2021		June 30, 2021		June 30, 2022		June 30, 2021
GAAP net gains on investment securities	$	(157)	$	85	$	100	$	189	$	305	$	(72)	$	472
Less: income/(loss) attributable to noncontrolling interests, including carried interest allocation	(20)		18		14		88		113		(2)		138
Non-GAAP net gains on investment securities, net of noncontrolling interests	$	(137)	$	67	$	86	$	101	$	192	$	(70)	$	334

20    

	Period-end balances at
SVB Financial Group tangible common equity, tangible assets and risk-weighted assets (Dollars in millions, except ratios)	June 30, 2022			March 31, 2022			December 31, 2021			September 30, 2021			June 30, 2021
GAAP SVBFG stockholders’ equity	$	15,918		$	15,980		$	16,236		$	14,300		$	11,667
Less: preferred stock	3,646			3,646			3,646			2,064			2,064
Less: intangible assets	523			529			535			500			200
Plus: net deferred taxes on intangible assets	24			26			26			25			—
Tangible common equity	$	11,773		$	11,831		$	12,081		$	11,761		$	9,403
GAAP total assets	$	214,389		$	220,355		$	211,478		$	190,996		$	163,399
Less: intangible assets	523			529			535			500			200
Plus: net deferred taxes on intangible assets	24			26			26			25			—
Tangible assets	$	213,890		$	219,852		$	210,969		$	190,521		$	163,199
Risk-weighted assets	$	108,603		$	104,678		$	100,812		$	92,511		$	78,231
Tangible common equity to tangible assets	5.50		%	5.38		%	5.73		%	6.17		%	5.76		%
Tangible common equity to risk-weighted assets	10.84			11.30			11.98			12.71			12.02

	Period-end balances at
Silicon Valley Bank tangible common equity, tangible assets and risk-weighted assets (Dollars in millions, except ratios)	June 30, 2022			March 31, 2022			December 31, 2021			September 30, 2021			June 30, 2021
Tangible common equity	$	15,117		$	14,299		$	14,795		$	13,404		$	10,428
Tangible assets	$	211,545		$	217,530		$	208,576		$	188,329		$	161,197
Risk-weighted assets	$	106,343		$	101,600		$	98,214		$	89,477		$	75,795
Tangible common equity to tangible assets	7.15		%	6.57		%	7.09		%	7.12		%	6.47		%
Tangible common equity to risk-weighted assets	14.22			14.07			15.06			14.98			13.76

21    

EX-99.2

1 Q2 2022 Earnings Highlights SVB Financial Group Q2 2022 CEO Letter To our Stakeholders SVB delivered Earnings Per Share of $5.60 and Net Income of $333 million in the second quarter, with a Return on Equity of 10.87 percent. Persistent public market volatility pressured VC investment and exits, reducing client liquidity inflows and impacting our 2022 outlook In the second quarter, private markets increasingly felt the impact of continued public market volatility. The IPO window remained closed and, in contrast to the first quarter when public market declines mostly affected later- stage companies, companies across all investment stages experienced challenges to accessing liquidity, with total VC investment declining 24 percent quarter-over-quarter. The reduction in client fundraising, coupled with increased burn rates – as companies with already accelerated burn rates took proactive actions to reduce future spending – pressured Q2 balance sheet growth. Despite these challenges, many parts of our core business performed well in the second quarter. Loan growth and pipelines were healthy; NII and client investment funds benefitted from higher interest rates; SVB Securities revenue was robust; and client acquisition remained near historic highs. NCOs and NPLs also remained low, although the increase in unreserved charge-offs and new NPLs may indicate potential emerging pressure from market volatility. We have adjusted our full-year 2022 outlook to reflect our expectations that challenged public equity markets and declines in venture deployment will continue for the remainder of 2022, which will pressure our balance sheet growth. While we are maintaining our full-year 2022 NCO outlook, we expect NCOs to increase in 2H’22 and have proactively raised reserves. To offset these changes somewhat, we decreased our expense outlook, leveraging the flexibility that allowed us to increase investment when revenue tailwinds were strong to dial down expense growth while still investing in our strategic priorities. Long-term growth opportunity remains intact, despite near-term challenges While the current environment is challenging for the innovation sector, we remain confident in the long-term growth opportunity of our markets, and we see reasons for optimism. VC and PE firms have record levels of dry powder (8 times higher than 2000 levels) to put to work, and we believe they will do so as valuations stabilize. If IPO markets reopen and we see faster deployment of private capital, or if client burn rates decelerate, we could see better balance sheet growth. While VC activity pulled back during the second quarter, our client acquisition remained near all-time highs. Experience has shown us that good companies are founded and funded in the troughs as well as the peaks of every cycle, a lesson not lost on PE and VC firms, many of whom regret missing out on opportunities during the Global Financial Crisis and VC Recalibration We believe the long-term tailwinds supporting the innovation economy remain intact and it will continue to expand over time. The digital economy has been a key driver of economic expansion in the past two decades, growing by 350 percent between 2000 and 2020 – 2.4 times faster than the overall US economyi, a figure that does not include the addressable market for innovation companies, which has expanded even faster as technology has made its way into every aspect of our lives.

2 Q2 2022 Earnings Highlights We are well-positioned to support our clients and navigate market conditions Against this backdrop of market uncertainty, SVB is better positioned than at any point in our history to support our clients. We have a unique business model serving dynamic, resilient markets; a high-quality, liquid balance sheet; and expanded capabilities and earnings power as a result of the investments we have made in our business. The resiliency of our clients has helped drive client funds growth over time that has provided the foundation for sustained revenue growth, market disruptions notwithstanding. While we have historically seen short periods of quarterly client fund declines during significant market cycles, annual average total client funds have only declined twice since 2000, and these pullbacks have been followed by quick rebounds and better-than-market expansion of client activity and funds growth. Through consistent focus over time, we have built a seasoned leadership team, and a proven track record of navigating successfully through market cycles. The market adjustments we are seeing today are a normal and necessary part of the innovation cycle (and the broader economic cycle), and we are confident in our ability to support our clients and manage our business through them. Focus on clients, partnership and execution SVB’s focus and commitment to our clients has made us a trusted partner for innovators, entrepreneurs, and investors across the global innovation economy for the last 40 years. We built our reputation over decades of focus and partnership, regardless of market conditions. When we talk about the power of the SVB platform, we are not just talking about our capabilities and insights; we are talking about being a committed partner in our clients’ journeys, even in challenging times … especially in challenging times. While we adjusted some of our near-term revenue expectations, we have not changed our view of the long-term growth opportunity represented by the innovation economy. We believe demand for investment in the most dynamic segment of the global economy will remain robust over time. With SVB’s diversified business model and unique role in helping individuals, investors and the world’s most innovative companies achieve extraordinary outcomes, we remain confident we are in the right market with the right strategy for the long term. Greg Becker President and CEO This Q2 2022 CEO Letter should be reviewed together with SVB’s Earnings Release, Earnings Presentation, and SEC filings for the same period. i Sources: Pitchbook, US Bureau of Economic Analysis, and SVB analysis; Digital economy defined by the US BEA and used as a proxy for the value added to US GDP by that sector between 2000 and 2020

Q2 2022 Financial Highlights July 21, 2022

Q2 2022 FINANCIAL HIGHLIGHTS 2 3 Snapshot and current environment 21 Performance detail and outlook drivers 34 Appendix 47 Non-GAAP reconciliations This presentation should be reviewed with our Q2 2022 Earnings Release and Q2 2022 CEO Letter, as well as the company’s SEC filings. Contents

Snapshot and current environment Q2 2022 FINANCIAL HIGHLIGHTS 3

1. Net interest income presented on a fully taxable equivalent basis. 2. Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 3. Represents investment banking revenue and commissions. Q2’22 snapshot: Continued market volatility and shifting economic conditions Financial highlights Q2’22 performance +/– changes are vs. Q1’22 $149M +26% SVB Securities revenue2, 3 $69B +3% Average loans +$2.3B period-end $387B -3% Average client funds -$18.2B period-end Includes $192B (+1%) Average deposits -$10.2B period-end $196M +$185M Provision for credit losses $1.2B +8% Net interest income1 EPS: $5.60 ROE: 10.87% Net Income: $333M $286M +24% Core fee income2 -$120M -$250M Warrant gains and investment losses net of NCI2 $35M of these losses were offset by gains on hedges (gains included in other noninterest income) ($1.74) Impact to EPS Q2 2022 FINANCIAL HIGHLIGHTS 4 Includes $40M downward adjustment for illiquid investments and current market volatility Includes $84M from increasing Moody’s downside scenario weighting $16M merger-related charges

Q2 2022 FINANCIAL HIGHLIGHTS 5 Q2’22 highlights 1. Client funds net outflows despite strong client acquisition, as continued public market volatility slowed public and private fundraising across all stages while client burn rates increased 2. Investment markdowns as market volatility pressured public and private valuations; warrant gains and investment losses net of NCI* included $40M downward adjustment for illiquid investments 3. Higher provision driven by increased recession risk, loan growth and potential emerging pressure from market volatility; net charge-offs and nonperforming loans overall remained low 4. Healthy loan growth driven by GFB capital call and Technology and Life Science/Healthcare borrowing 5. Strong, but moderating NII growth as higher rates improved loan and securities yields while client funds net outflows pressured balance sheet growth 6. Proactive interest rate risk management to navigate volatile markets: benefitted from protections against rising rates – now focused on reducing downrate sensitivity 7. Robust core fee income* growth as Fed rate hikes drove improved client investment fee margin 8. Improved SVB Securities revenue* supported by hiring and investment over the past year to grow Technology, Healthcare Services and HealthTech practices 9. Lowering 2022 revenue and expense outlook to reflect challenging operating environment 10. Remain confident in the long-term growth opportunity of the innovation economy; well-positioned to support our clients and navigate challenging market conditions * Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation.

Q2 2022 FINANCIAL HIGHLIGHTS 6 Lowering FY’22 revenue outlook due to market conditions FY’22 outlook considerations • Lowering FY’22 revenue outlook as persistent public market volatility slows client liquidity events at all stages, challenging near-term balance sheet growth, partially offset by the benefit of May and June rate hikes • FY’22 NCO outlook unchanged, but expect higher NCOs in 2H’22 vs. 1H’22 as recession risk increases • Continue to invest in our strategic priorities to drive and support long-term scalable growth, but moderating pace of investment Note: Outlook excludes impact of potential changes related to interest rates, adverse developments with respect to U.S. or global economic or geopolitical conditions, and regulatory/policy changes under the current U.S. government administration Note: Actual results may differ. For additional information about our financial outlook, please refer to our Q2 2022 Earnings Release and Q2 2022 CEO Letter. 1. NII is presented on a fully taxable equivalent basis, while NII guidance excludes fully taxable equivalent adjustments. 2. Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 3. Excludes SVB Securities revenue. 4. Represents investment banking revenue and commissions. 5. Excludes pre-tax merger-related charges ($32M incurred in 1H’22 and estimated $5-10M in 2H’22). Business driver FY’21 results 4/21/22 outlook FY’22 vs. FY’21 7/21/22 outlook FY’22 vs. FY’21 Average loans $54.5B Mid 30s % growth High 20s % growth Average deposits $147.9B Low 40s % growth High 20s % growth Net interest income1 $3,179M Low 50s % growth Mid 40s % growth Net interest margin 2.02% 2.10-2.20% 2.15-2.25% Net loan charge-offs 0.21% 0.15–0.35% 0.15–0.35% Core fee income2, 3 $751M Mid 40s % growth Mid 50s % growth SVB Securities revenue2, 4 $538M $500–550M $460-500M Noninterest expense excluding merger-related charges5 $2,941M High 20s % growth Low 20s % growth Effective tax rate 26.2% 25–27% 25–27%

25 25 35 30 20 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 U.S. seed, angel & early-stage VC investment $B Q2 2022 FINANCIAL HIGHLIGHTS 7 Persistent public market volatility further pressured VC investment and exits, reducing client funds inflows 56 64 59 52 42 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 U.S. later-stage VC investment $B IPO window remained closed as public markets continued to decline 237 157 167 23 5 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 U.S. VC-backed public listings $B Public equity valuation correction impacted VC deal activity across stages (-24% QoQ) S&P 500 ex Nasdaq-100 0.80x As of 6/30/22 Nasdaq-100* 0.70x Indexed price % vs. 12/31/21 Note: VC and public listing data sourced from PitchBook. Investment data has been updated with PitchBook’s proprietary back-end data set and filters which has resulted in prior period revisions. * Nasdaq 100 Index used as a proxy for technology markets.

Q2 2022 FINANCIAL HIGHLIGHTS 8 Well-positioned to support our clients and navigate challenging market conditions Trusted partner • Nearly 40 years serving innovation clients • Active partnership with our clients to promote better outcomes Robust, resilient markets • Innovation drives long-term economic growth Diversified revenue streams • Investments to deepen and expand our business to meet clients’ needs help drive earnings through rate and economic cycles Unique client funds franchise • Robust liquidity solutions with on- vs. off-balance sheet flexibility to meet clients’ needs and optimize pricing and mix Strong credit and asset quality • Long track record of strong underwriting and resilient credit performance • 87% of assets in high-quality investments and low credit loss experience lending* Strong capital and liquidity • Strong foundation to manage shifting economic conditions while investing in our business Proven experience • Deep bench of recession-tested leaders supported by strong global team * Based on cash, fixed income investment portfolio and Global Fund Banking and Private Bank loan classes of financing receivables as of June 30, 2022.

Technology & Life Sciences/Healthcare Corporate Banking Revenue >$75M Startup (Early-Stage) Revenue <$5M Venture- Funded Revenue $5M–$75M Investors Private Equity Venture Capital Individuals Entrepreneurs, Investors, Executives ENTERPRISE SOFTWARE CONSUMER INTERNET LIFE SCIENCE & HEALTHCARE PREMIUM WINE PRIVATE EQUITY & VENTURE CAPITAL HARDWARE & FRONTIER TECH FINTECHCLIMATE TECH Q2 2022 FINANCIAL HIGHLIGHTS 9 Trusted financial partner of the global innovation economy 1H’22 U.S. venture- backed technology and life science companies* Nearly half 1H’22 U.S. venture- backed technology and healthcare IPOs* We bank: 52% For nearly 40 years, we have helped the world’s most innovative companies, their people and investors achieve their ambitious goals Delivering the combined power of our four core businesses to meet clients’ needs at all stages Unparalleled access, connections and insights to increase our clients’ probability of success SVB commercial client count ~1,700 new clients in Q2’22 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2018 2019 2020 2021 1H'22 Other PE/VC VC- backed Pre-VC- backed Global commercial banking Investment banking Private banking and wealth management Venture capital and credit investing Clients * Source: PitchBook and SVB analysis.

$B $50B $100B $150B $200B $250B $300B $350B $400B 0 1000 2000 3000 4000 5000 6000 7000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 6.0% 7.8% 8.7% 9.2% 10.2% Q2 2022 FINANCIAL HIGHLIGHTS 10 Resilient markets: Innovation drives economic growth 1. Digital economy’s share of GDP as defined and measured by the Bureau of Economic Analysis used as a proxy for the innovation economy. 2. VC investment and company formation data sourced from PitchBook. First VC round raised used as a proxy for company formation. 3. Unicorn data sourced from PitchBook. Includes U.S. VC-backed companies that have reached and maintained at least a $1B post-money valuation through time of exit. 4. Source: Preqin. Global VC dry powder was $518B and global PE dry powder was $1.9T as of July 9, 2022. Long-term tailwinds supporting the innovation economy remain intact • The innovation economy grew at 2.4x the rate of the overall U.S. economy between 2000-20201, and COVID-19 has since accelerated digital adoption Digital economy’s share of GDP1 U.S. VC Investment (TTM)2 U.S. VC-Backed Company Formation (TTM)2 U.S. VC investment, company formation and the Digital Economy’s share of GDP Global Financial Crisis VC Recalibration Early COVID-19 Fed Tightening Dotcom Bubble Crash Great companies are founded across business cycles • 121 unicorns were founded during the Global Financial Crisis and 63 during the VC recalibration3 The innovation economy is better-positioned today to weather a downturn than in past cycles • The innovation economy was 3.5x larger in 2020 than 20001 • PE and VC firms globally have $2.4T dry powder to invest, 8x more than in 20004

8 10 9 9 10 13 17 20 21 16 16 18 20 24 30 39 43 51 75 92 117 181 200 5 4 3 3 4 4 4 4 5 9 12 15 18 20 28 37 39 43 48 55 75 148 191 13 14 12 12 14 17 21 24 26 25 28 33 38 44 58 76 82 94 123 147 192 329 391 81% 6% -12% 2% 16% 22% 24% 15% 9% -4% 9% 20% 14% 15% 33% 29% 9% 15% 31% 19% 31% 71% 120% -50% -22% -7% 16% 10% 25% 28% -2% -25% 15% 42% -8% 19% 48% 17% -3% 6% 63% 1% 14% 104% -400% -300% -200% -100% 0% 100% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1H'22 Global Financial Crisis VC Recalibration* Early COVID-19 Q2 2022 FINANCIAL HIGHLIGHTS 11 Robust client funds growth over the long term Annual average total client funds have only declined 2x since 2000 – client funds quickly rebounded in past downturns Average total client funds (“TCF”) $B Annual total client funds growth rate (positive, negative) On-balance sheet deposits Annual U.S. VC investment growth rate (positive, negative)Off-balance sheet client funds Q2’22 vs. Q1’22 QoQ growth Average client funds -3% U.S. VC investment -24% Note: VC investment data sourced from PitchBook. Investment data has been updated with PitchBook’s proprietary back-end data set and filters which has resulted in prior period revisions. * Pullback in VC investment. Dotcom Bubble Crash - 20.0 40.0 Quarterly average TCF (positive growth, negative growth) Fed Tightening

Q2 2022 FINANCIAL HIGHLIGHTS Unique client funds franchise Flexibility to support deposits and optimize pricing and mix 40+ liquidity management products to meet clients’ needs Robust liquidity solutions, on- and off-balance sheet Diversified sources of client funds from high-growth markets 31% 17%8% 3% 19% 15% 7% 24% 32% 24% 9% 3% 8% Early stage life science/ healthcare Early stage technology Private Bank International2 Life science/ healthcare Technology U.S. Global Fund Banking Client niche1: Note: All figures as of June 30, 2022. 1. Represents management view of client niches. 2. International balances do not tie to regulatory definitions for foreign exposure. Includes clients across all client niches and life stages, with International Global Fund Banking representing 3% of total client funds. 3. Based on deposit rates and total deposit balances at June 30, 2022. $188B Deposits 28 bps weighted average spot deposit rate at 6/30/223 $191B OBS client funds 12 58% 37% 4% 1% Noninterest-bearing deposits Borrowings Interest-bearing deposits Other liabilities Deposits OBS Liabilities 61% 39% Deposits Funding source: Low cost funding mix Flexible liquidity solutions + substantial OBS balances to support deposits 60% Modeled interest- bearing deposit beta 55-60% Expected noninterest- bearing share of total deposits by 12/31/22

252 481 538 267 2019 2020 2021 2022 516 642 603 751 516 2018 2019 2020 2021 2022 1.9 2.1 2.2 3.2 2.3 2018 2019 2020 2021 2022 10.5 11.9 15.4 33.3 39.2 2.4 3.1 3.6 4.4 5.4 12.9 15.0 19.0 37.7 44.6 2018 2019 2020 2021 1H'22 Total deposits OBS client funds Q2 2022 FINANCIAL HIGHLIGHTS 13 Diversification supports growth and profitability Note: International activity reflects figures for our international operations in the U.K., Europe, Israel, Asia and Canada. This management segment view does not tie to regulatory definitions for foreign exposure. 1. Net interest income presented on a fully taxable equivalent basis. 2. Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 57 70 80 117 70 2018 2019 2020 2021 1H'22 $10B | 14% of total loans International average loans $B $2.3B Net interest income1 $B 2.9 4.0 5.7 8.3 9.6 2018 2019 2020 2021 1H'22 $516M Core fees2 $M $45B | 11% of total client funds International average total client funds $B $70M | 14% of total core fees2 International core fee income $M $267M SVB Securities revenue2 $M Mid 40s % FY’22 NII growth outlook Mid 50s % FY’22 core fees growth outlook $460-500M FY’22 SVB Securities revenue outlook 1H’22 YTD 1H’22 YTD 1H’22 YTD

Navigating changing rates: shifting focus to managing downrate sensitivity Q2 2022 FINANCIAL HIGHLIGHTS Significant potential revenue upside if rates continue to increase + ~$75-90M1 Estimated increase in annualized pre-tax NII for each 25 bp increase in rates: NII increase assuming static balance sheet Estimated increase in annualized pre-tax client investment fees for each 25 bp increase in short-term rates2: + ~$20-40MClient investment fees + 1-2 bpsClient investment fee margin $11B Receive-floating AFS fair value hedges added in 2021 $49M Net pre-tax realized gains in Q1’22 noninterest income from unwind of $5B AFS hedges (at a $204M gain) and sale of related securities Low % of fixed-income securities held in AFS $313M Pre-tax locked-in gains from unwind of remaining $6B AFS hedges in July 2022 (to be amortized into interest income over the life of the related securities, ~7 years) Past actions to manage AOCI risk helped support TBV as rates increased Higher rates and increased recession risk presented opportunity to capture gains and reduce asset sensitivity Monetized AFS fair value hedges Adding loan floors $48B Loans with embedded floors as of 6/30/22 1. Equivalent to +6.8% NII sensitivity for the expected 12-month impact of a +100 bp rate shock on net interest income. Management’s sensitivity analysis is based on a static balance sheet, in size and composition, as of June 30, 2022 and is subject to assumptions, including a 60% beta on interest-bearing deposits and an instantaneous and sustained parallel shift in rates. Actual results may differ. 2. Based on Q2’22 off-balance sheet client investment fund average balances. 14

13% 1% 10% 56% 13% 6% 1% 7% 57% 33% 1%2% Other Fixed Income Securities Cash Non-marketable Securities Net Loans Q2 2022 FINANCIAL HIGHLIGHTS 15 High-quality, liquid balance sheet U.S. Treasury Securities Agency RMBS U.S. Agency Debentures Agency CMBS AFS +HTM $122BMunicipal Bonds Corporate Bonds 64% of assets in cash and fixed income securities Ample liquidity + flexibility to manage liquidity position 93% of fixed income portfolio in U.S. Treasuries and securities issued by government-sponsored enterprises Assets $214B Note: Figures as of June 30, 2022 unless otherwise noted. * Actual balances depend on timing of fund flows. $2-3B estimated securities paydowns/quarter in 2H’22 Securities cashflows $73B unpledged securities $42B contingent liquidity (FHLB, Repo and FRB) Borrowing capacity 60% Modeled interest- bearing deposit beta Flexible on- vs. off-balance sheet liquidity solutions and deposit pricing strategies $191B OBS client funds to help support on- balance sheet deposits Levers to support liquidity Targeting Fed cash at 4-6% of total deposits ($7-11B)* Agency CMOs – Fixed Rate

Technology & Life Science / HealthcareLow credit loss experience classes 16 High-quality loan portfolio: 71% of loans in low credit loss experience classes Closely monitoring portfolio given increased recession risk Global Fund Banking • Primarily PE/VC capital call lines of credit secured by LP capital commitments • Only 1 net loss since inception 57% Expect continued strong credit performance Watching segment-specific risks More sensitive to challenging fundraising environment Private Bank • Primarily low LTV mortgages to innovation economy influencers and legacy Boston Private high net worth clients 14% Premium Wine • Loans to premium wine producers and vineyards • Typically secured by high-quality real estate with low LTVs 1% Other C&I • Working capital, revolving lines of credit and term loans to non-innovation companies and non-profits 2% CRE • Acquisition financing for CRE properties • Well-margined collateral 4% Innovation C&I • Cash flow or balance sheet dependent loans to innovation companies 11% Cash Flow Dependent – Sponsor-Led Buyout • Loans to facilitate PE Sponsors’ acquisition of businesses • Reasonable leverage and meaningful financial covenants 3% Growth Stage • Loans to mid-stage and later- stage innovation companies with over $5M in revenues 6% Early Stage • Loans to development-stage innovation companies with $0-5M in revenues • Historically has produced the most losses 2% Larger loan sizes may introduce greater volatility in credit metrics Repayment dependent on borrower’s ability to fundraise or exit Clients generally have stronger balance sheets vs. previous cycles from record fundraising activity in 2020-2021 Low credit loss experience classes As of 6/30/22 Total loans Q2 2022 FINANCIAL HIGHLIGHTS Note: Percentages indicate percent of total loans as of 6/30/22 Loans only 33% of total assets Larger loan sizes may introduce greater volatility in credit metrics

Non-performing loans (NPLs1) & net charge-offs (NCOs2) Bps Global Financial Crisis Dotcom Bubble Crash 2009 11% Early Stage 30% GFB + Private Bank 6/30/22 2% Early Stage 71% GFB + Private Bank 2000 30% Early Stage 5% GFB + Private Bank Early COVID-19 VC Recalibration3 Q2 2022 FINANCIAL HIGHLIGHTS 17 We’ve successfully navigated economic cycles before Proven leadership supported by strong global team and the risk profile of our loan portfolio has improved over time Long history of strong, resilient credit 14 years Executive management average tenure at SVB 24 years Credit leadership average tenure at SVB 1. Non-performing loans as a percentage of period-end total loans. 2. Net loan charge-offs as a percentage of average total loans (annualized). 3. Pullback in VC investment. Fed Tightening Improved loan mix % of period-end total loans 107 103 97 62 64 26 31 18 157 115 71 52 42 47 27 73 59 51 34 32 23 14 13 332 102 25 -8 10 4 14 35 87 264 77 -2 31 33 32 30 46 27 22 24 20 21 8 -10 40 90 140 190 240 290 340 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1H'22

Silicon Valley Bank capital ratios* As of 6/30/22 18 Strong capital position with multiple levers to support capital ratios 7.00% 8.50% 10.50% 4.00% 15.37% 15.37% 16.04% 7.55% Common Equity Tier 1 Tier 1 Capital Total Capital Tier 1 Leverage SVB capital ratio Regulatory minimum Levers to support capital ratios Targeting 7-8% Bank Tier 1 leverage Q2’22 Bank capital ratio drivers • $750M downstream of SVBFG liquidity from April senior notes issuance • Strong earnings • Increase in the allowance for credit losses • Moderating average balance sheet growth * Ratios as of June 30, 2022 are preliminary. 13.08% 1H’22 ROE Strong profitability $2B 6/30/22 SVBFG liquidity, a portion of which can be downstreamed to Bank as capital SVBFG liquidity Capital markets activity YTD new issuances $800M Senior notes Q2 2022 FINANCIAL HIGHLIGHTS

Q2 2022 FINANCIAL HIGHLIGHTS 19 Continue to invest for the long term, but moderating pace of investment Lowering FY’22 expense growth outlook to low 20s % excluding merger-related charges OneSVB collaboration initiative to deliver the full power of the SVB platform to clients nCino credit onboarding platform Agile ways of working Mobile and collaboration tools Client and industry insights Global Delivery Centers Diversity, Equity & Inclusion initiatives Large Financial Institution regulatory requirements* Data foundation Cybersecurity U.K. subsidiarization requirements End-to-end digital banking platform Digital client onboarding Technology platform upgrades APIs and payment enablement Strategic partnerships to accelerate product delivery * Became subject to Category IV requirements in 2021. Category III standards will become applicable at >$250B in average total consolidated assets or >$75B in weighted short-term wholesale funding, nonbank assets or off-balance-sheet exposure. Talent attraction, retention and development SVB Securities expansion SVB Private integration and go-to-market strategy Strategic investments Client acquisition New products and product penetration Fintech strategy Geographic expansion New SVB Capital funds Strategic priorities to drive and support long-term scalable growth Enhance client experience Drive revenue growth Improve employee enablement Enhance risk management

Long-term growth opportunity remains attractive despite near-term challenges Market corrections are normal and necessary, and can help return the innovation economy to a more sustainable long-term growth trajectory The near-term environment will likely be challenging for the innovation sector SVB is stronger and better- positioned than at any time in our history to support our clients and navigate volatile markets This is our time to cement relationships and demonstrate to clients our commitment to partnership as we have in past cycles Our clients and markets are better-positioned today to weather a downturn than in previous cycles and have recovered quickly in the past We remain confident in our strategy: the growth trajectory of the innovation economy will continue to outpace other industries over the long-term Q2 2022 FINANCIAL HIGHLIGHTS 20

Performance detail and outlook drivers Q2 2022 FINANCIAL HIGHLIGHTS 21

VC fundraising and investment • Promote new company formation which helps support client acquisition • Source of client liquidity which impacts total client funds growth • A source of repayment for Investor Dependent loans PE fundraising and investment • Primary driver of capital call line demand which has been the largest source of loan growth over the past 8 years Exit activity • Proceeds from public market exits generate client liquidity • A source of repayment for Investor Dependent loans • Ability for companies to exit affects VC/PE fundraising and investment • Impacts investment banking revenue and value of warrants and investment securities Capital markets • Performance and volatility of public, private and fixed income markets impact exit activity, VC/PE fundraising and investment, and market-driven revenues (FX, loan syndications, investment banking revenue and commissions, warrant and investment gains and wealth management and trust fees) Interest rates • Level of interest rates and shape of yield curve directly impact NIM via lending and investment yields/spreads vs. funding costs • Client investment fee margin moves with short-term rates • Affect mortgage and securities prepayment speeds, impacting timing of premium amortization • Impact clients’ preference for on- vs. off-balance sheet liquidity solutions and interest-bearing vs. noninterest-bearing deposits • Affect mortgage demand Economic environment • Affects health of clients which determines credit quality • Level of business activity drives client liquidity and demand for our products and services • Inflation impacts costs (for us and clients) and influences fiscal and monetary policy decisions Competitive landscape • Affects margins and client acquisition • Impacts compensation to attract and retain talent Political environment • Current administration and Congress will influence economic policy and stimulus, business and market sentiment, global trade relationships, bank regulations and corporate taxes • Geopolitical events can impact capital markets and economic environment Q2 2022 FINANCIAL HIGHLIGHTS 22 Key external variables to our forecast Our performance is influenced by a variety of external variables, including but not limited to:

Q2 2022 FINANCIAL HIGHLIGHTS 23 Total client funds declined as prolonged public market volatility reduced client liquidity events while burn rates increased Lowering FY’22 average deposit growth outlook to high 20s % due to slowing fundraising and exits Average client funds $B China policy changes Slows investment in Chinese companies– Expect declining deposit balances: 2H’22 considerations Average deposit mix and pricing 174 191 208 206 195 92 110 123 126 121 42 54 60 65 71 308 355 391 397 387 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 0.04% 0.05% 0.04% 0.05% 0.16% 68.4% 67.1% 67.1% 65.8% 62.8% 10% 20% 30% 40% 50% 60% 70% 80% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Off-balance sheet client funds Noninterest-bearing deposits Interest-bearing deposits Percent of noninterest-bearing deposits Total cost of deposits Robust liquidity solutions and substantial OBS balances Provide flexibility to support on-balance sheet deposit balances+ As of 6/30/22: 28 bps weighted average spot deposit rate* Expect higher cost of deposits: Increased demand for interest-bearing products Expect noninterest-bearing share of total deposits to decline to ~55-60% by 12/31/22 + Higher cost of interest-bearing deposits NII sensitivity model assumes 60% beta on interest-bearing deposits, consistent with our experience over the 2015-2018 rising rate cycle + Higher rate environment Increased demand for yield off-balance sheet– Pressured public and private markets Reduces client funds inflows from fundraising and exit events– Slowing burn rates As clients conserve cash + • Total client funds declined (average -3%, EOP -5%) despite continued strong client acquisition as public markets remained shut and private fundraising slowed across all stages, while client burn rates increased • Total cost of deposits +11 bps as deposit rates and share of interest-bearing deposits increased given higher rate environment Q2’22 activity * Based on deposit rates and total deposit balances at June 30, 2022.

72.3 93.8 111.7 125.6 126.7 1.57% 1.55% 1.54% 1.79% 1.92% 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 16.7 15.9 16.1 9.2 9.3 4.4 5.9 6.0 5.6 5.5 21.1 21.8 22.1 14.8 14.8 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q2 2022 FINANCIAL HIGHLIGHTS 24 Reduced securities purchases as deposits declined; higher rates drove improved yields * Actual balances depend on timing of fund flows. Average fixed income investment securities $B Average cash and equivalents $B Tax-effected Yield • Limited new securities purchases and reinvestment of paydowns (estimated $2-3B paydowns/quarter) • Expect FY’22 portfolio yield ~1.75-1.85%: 2H’22 considerations 4.5y 4.5y 4.0y 4.9y 5.4y Portfolio duration 3.9y 4.0y 3.7y 4.8y 5.3y Hedge-adjusted Fed cash Cash in other financial institutions and foreign central banks $8B Fed Cash at 6/30/22 Targeting Fed cash at 4-6% of total deposits ($7-11B)* Premium amortization expense From prepayments of securities purchased at a premium If 10-year UST falls below 2.50%, expect an in-year increase in premium amortization expense of ~$25-40M – • $5.0B purchases (primarily USTs and agency MBS in AFS) at 2.82% w.a. yield/3.8y w.a. duration vs. $3.6B paydowns at 1.81% and $3.4B sale of USTs at 2.66%/$1M net loss • Portfolio yield +13 bps as higher rates slowed estimated prepayment speeds, reducing premium amortization expense Q2’22 activity Rate protections ~$313M locked-in pre-tax gains from unwind of $6B AFS fair value hedges to be amortized into interest income over the life of the underlying hedged securities, ~7 years +

Q2 2022 FINANCIAL HIGHLIGHTS 25 Healthy loan growth driven by GFB capital call and Tech and Life Science/Healthcare borrowing Lowering FY’22 average loan growth outlook to high 20s % on reduced PE/VC investment activity and moderating mortgage demand Average Loans $B Expect moderating loan growth: Boston Private purchase accounting Amortization of fair value mark ups on loans ($39M remaining at 6/30/22, vast majority to be amortized by end of 2023) – Moderating SVB Private mortgage origination As higher rates and economic uncertainty impact demand– Continued robust Tech and Life Science/Healthcare borrowing Market volatility fueling demand+ 2H’22 considerations 3.45% 3.78% (0.03%) 0.36% Q1'22 loan yield Rate hikes Loan fees Q2'22 loan yield Global Fund Banking Private Bank PPP Premium Wine and Other Tech and Life Science/HC Average Loan Yield CRE Other C&I Expect higher loan yields: Spread compression From competition and higher rates– Rate protections $87M remaining locked-in pre-tax swap gains as of 6/30/22* Exceeded vast majority of loan floor rates as of 6/30/22 + * Expect vast majority of remaining pre-tax gains from $5B swap unwind in Q1’20 to be amortized into loan interest income by the end of 2023. 58.2% 60.4% 60.3% 60.6% 58.3% Portfolio utilization Higher loan yields from May and June rate hikes 91% of Q2’22 average loans were variable rate+ Slowing PE/VC investment activity and related GFB loan growth Due to pressured public and private markets– 29.1 31.9 34.4 38.1 39.2 12.4 12.7 13.2 14.0 14.8 5.2 8.2 8.6 9.0 9.5 1.7 1.8 2.0 1.8 2.0 1.4 1.4 1.3 1.1 2.7 2.7 2.7 2.6 1.4 0.6 0.3 0.2 0.1 49.8 59.3 62.6 67.1 69.3 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 • Demand for new capital call facilities remained robust, but GFB utilization declined with slowing PE/VC investment activity, moderating QoQ GFB growth • Persistent market volatility continued to fuel strong borrowing activity from Tech and Life Science/Healthcare clients • Strong Private Bank mortgage growth driven by new purchase activity; refi demand declined with higher rates Q2’22 activity

1,091 1,177 (67) 60 18 54 15 6 Q1'22 NII Higher loan yields Loan growth Higher cash & fixed income yields Fixed income growth Funding costs Day count Q2'22 NII Q2 2022 FINANCIAL HIGHLIGHTS 26 Higher rates drove strong NII growth Lowering FY’22 NII growth outlook to mid 40s % and increasing FY’22 NIM outlook to 2.15-2.25% to incorporate declining balance sheet and May and June rate hikes 2H’22 expectationsNet Interest Income1 $M NII +8% QoQ Net Interest Margin 2.13% 2.24% (0.10%) (0.02%) 0.23% Q1'22 NIM Higher interest earning yields Higher deposit costs Higher borrowing costs Q2'22 NIM 1. NII is presented on a fully taxable equivalent basis, while NII guidance excludes fully taxable equivalent adjustments. 2. Expect vast majority of remaining pre-tax gains from $5B swap unwind in Q1’20 to be amortized into loan interest income by the end of 2023. Spread compression From competition and higher rates – Higher loan yields from May and June rate hikes 91% of Q2’22 average loans were variable rate+ Boston Private purchase accounting Amortization of fair value mark ups on loans ($39M remaining at 6/30/22, vast majority to be amortized by end of 2023) – Higher deposit costs Given current higher rate environment (see page 23) – NIM +11 bps Includes $26M benefit from reduced Q2 premium amortization expense as higher interest rates slowed prepayment speed estimates Premium amortization expense From prepayments of securities purchased at a premium If 10-year UST falls below 2.50%, expect an in-year increase in premium amortization expense of ~$25-40M – $26M decrease in premium amortization expense increased NIM 5 bps Expect moderating NII growth and improved NIM: + – Balance sheet reduction (+ for NIM, – for NII) Driven by client funds net outflows Rate protections $87M remaining locked-in pre-tax swap gains as of 6/30/222 Exceeded vast majority of loan floor rates as of 6/30/22 ~$313M locked-in pre-tax gains from unwind of $6B AFS fair value hedges to be amortized into interest income over the life of the underlying hedged securities, ~7 years +

Q2 2022 FINANCIAL HIGHLIGHTS 27 Higher provision driven by increased recession risk, loan growth and potential emerging pressure from market volatility; NCOs and NPLs overall remained low Maintaining 15-35 bps FY’22 NCO outlook Credit quality metrics Provision components $M Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 0.10% 0.07% 0.01% 0.05% 0.12% 0.16% 0.19% 0.14% 0.10% 0.13% Non-performing loans2 Net charge-offs1 15 10 20 15 18 7 2 (13) 16 3 1 7 6 20 15 27 22 4 50 4 1 1 (1) 46 (7) (70) 3 89 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Non-performing loans Loan growth/composition Model assumptions Unfunded Net credit losses HTM securities BP non-PCD and unfunded commitments Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 $35 $21 $48 $11 $196 Provision for credit losses 1 Expect higher NCOs in 2H’22 vs. 1H’22 as recession risk increases: 20% baseline 65% downside 15% upside Weightings applied to Moody’s June economic scenarios 2H’22 considerationsQ2’22 activity Other Includes $84M for increased weighting of Moody’s downturn scenario 1. Net loan charge-offs as a percentage of average total loans (annualized). 2. Non-performing loans as a percentage of period-end total loans. • Provision driven primarily by: – Increased weighting of Moody’s downturn scenario from 30% to 65% ($84M) – Robust loan and unfunded commitment growth ($26M) – Higher risk ratings and increased weighted average loan lives ($46M) – Increase in charge-offs not specifically reserved for ($20M) – Higher specific reserves ($16M) primarily driven by $59M new NPLs net of charge-offs with overall higher expected losses Stronger client balance sheets vs. previous cycles Record VC investment over the past 2 years has generally extended client runway + Larger Growth Stage and Innovation C&I loan sizes Growth of our balance sheet and our clients has increased the number of large loans, which may introduce greater volatility in credit metrics – Improved risk profile of loan portfolio Early Stage – historically has produced the most losses – only 2% of loans; 71% of loans in low credit loss experience GFB and Private Bank classes + Increased CRE exposure from acquired Boston Private loans Limited overall exposure (only 4% of total loans) and well-margined collateral– Pressured public and private markets May impact performance of Tech and Life Science/Healthcare portfolio, particularly Investor Dependent loans where repayment is dependent on borrower’s ability to fundraise or exit –

175 224 421 5458 41596 35 89 769 Changes in loan composition/growth Charge-offs/recoveries Higher specific reserves Increased weighting of Moody’s downside scenario from 30% to 65% Higher risk ratings and increased weighted average loan lives 130 43 ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND UNFUNDED CREDIT COMMITMENTS $ Millions Q2 2022 FINANCIAL HIGHLIGHTS 28 Increased recession risk, loan growth and potential emerging pressure from market volatility drove higher reserves T ec h & L S / H C $ Millions ACL 3/31/22 (%) ACL 3/31/22 Portfolio Changes Model Assumptions ACL 6/30/22 ACL 6/30/22 (%) Early Stage Investor Dependent 3.18% 54 15 21 90 4.93% Growth Stage Investor Dependent 2.32% 93 14 26 133 3.21% Cash Flow Dep: Sponsor Led Buyout 1.80% 33 -5 1 29 1.55% Innovation C&I 1.12% 81 7 12 100 1.29% Global Fund Banking 0.17% 66 2 21 89 0.22% Private Bank 0.40% 37 2 6 45 0.46% Other C&I 1.11% 13 -1 1 13 1.11% Commercial Real Estate 1.30% 34 - - 34 1.31% Premium Wine & Other 0.78% 10 1 1 12 0.82% ACL for loans 0.61% 421 35 89 545 0.77% ACL for unfunded credit commitments 0.39% 175 8 41 224 0.44% ACL for loans and unfunded credit commitments 0.53%* 596 43 130 769 0.63%* vs. ~6%average Early-Stage NCOs over 2008-2010 * Weighted average ACL ratio for loans outstanding and unfunded credit commitments. Weightings applied to Moody’s June economic scenarios: 65% downside 20% baseline 15% upside Downside scenario assumptions: Peak unemployment of ~7.9% in Q3’23 1 year GDP growth of -2.2%

13 13 12 14 14 18 21 21 19 26 15 20 20 35 83 28 29 30 30 32 67 65 73 73 69 31 34 38 37 40 22 22 22 22 0 0 0 0 0 0 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q2 2022 FINANCIAL HIGHLIGHTS 29 Improved client investment fee margin drove robust core fee income growth Raising FY’22 core fee income growth outlook to mid 50s % to incorporate May and June rate hikes Core fee income1 $M • Client investment fees +137% as average fee margin increased 10 bps to 17 bps with Fed rate hikes • Lending related fees +37% as new loan origination outpaced utilization, driving higher unused commitment fees • Increased client spending as easing COVID-19 restrictions supported robust card and deposit fee growth • FX fees -5% as revenue shifted to lower margin trades Continued strong new client growth and deepening engagement From investments in client acquisition, new products and client experience+ Improved client investment fee margin with May and June rate hikes 23 bps at 6/30/22 + Lending related fees Deposit service charges Credit card fees LOC fees FX fees Wealth management & trust fees (“WM&T”) Q2’22 activity 2H’22 considerations 1. Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 2. Represents SVB Private’s client investment account balances. Client investment fees SVB Private AUM2 $M 19,008 16,512 (539) (1,957) 3/31/22 AUM Net flows Market returns 6/30/22 AUM Pressured public and private markets Impact GFB FX activity, client fund flows, client spending, demand for syndicated loans and SVB Private AUM balances – Public market volatility pressured AUM 172 204 216 230 286 Expect strong core fees growth:

SVB Securities expenses • Hiring and investment over the past year to build Technology, Healthcare Services and HealthTech practices drove improved revenue across M&A, ECM and private placement transactions; continued to fill out team and capabilities • SVB Securities expenses driven by compensation for prior year and YTD hiring activity Q2 2022 FINANCIAL HIGHLIGHTS 30 Improved SVB Securities revenue supported by Tech, Healthcare Services and HealthTech capabilities Lowering FY’22 SVB Securities revenue outlook to $460-500M 1. Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 2. Included in investment banking revenue. 3. Included in FY’22 outlook for SVB Securities revenue of $460-500M. New hires and expertise Hiring and investment over the past year to grow Technology, Healthcare Services and HealthTech investment banking help diversify business by expanding SVB Securities’ advisory capabilities Combined new initiatives expected to contribute ~$150-200M of revenues in 20223 Continue to fill out team and capabilities + 2H’22 considerations Q2’22 activity SVB Securities revenue1 $M Equity Capital Markets Convertible Securities Alternative Equities Institutional Equities MEDACorp M&A Advisory Equity Research Leveraged Finance Structured Finance SPACs Private Placements Technology (launched September 2021)Life Sciences/Healthcare Tools & Diagnostics Medical Devices Biopharma Healthcare Services Digital Health & HealthTech Education Technology Industrial Technology Enterprise Software Digital Infra & Tech Services Fintech Consumer Software, Internet & Info Services Prolonged market volatility Pressures later-stage/public valuations, delaying near-term ECM activity– Strengthening collaboration Between Silicon Valley Bank and SVB Securities+ Underwriting fees2 M&A advisory2 Commissions Private placements2 Expect moderating SVB Securities revenue, despite strong pipelines: 84 39 56 32 41 9 26 51 54 69 10 25 17 7 1517 17 21 25 24120 107 145 118 149 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 $99M $142M $184M $134M $141M

192 101 54 18 -136 32 49 -1 122 147 69 63 17 314 248 155 130 -120 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q2 2022 FINANCIAL HIGHLIGHTS 31 Continued market volatility drove valuation markdowns Note: The extent to which unrealized gains (or losses) from investment securities from our non-marketable and other equity securities portfolio as well as our equity warrant assets will become realized is subject to a variety of factors, including, among other things, performance of the underlying portfolio companies, investor demand for IPOs and SPACs, fluctuations in the underlying valuation of these companies, levels of M&A activity and legal and contractual restrictions on our ability to sell the underlying securities. 1. Non-GAAP financial measure. See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and our non-GAAP reconciliations at the end of this presentation. 2. Net of investments in qualified affordable housing projects and noncontrolling interests. Warrant and investment gains Net of NCI1 $M • Continued market volatility pressured valuations, fundraising and exit activity, driving Q2 investment losses and muted warrant gains • Warrant gains and investment losses included a $40M downward valuation adjustment net of NCI to account for illiquid investments given current market volatility • Investment losses primarily driven by undistributed public equity positions held in private fund investments’ portfolios, of which $35M losses were offset by hedge gains on public company exposure held in private funds, included in other noninterest income 2H’22 considerations Warrants & non-marketable and other equity securities1, 2 $M Warrant gains Investment gains (losses) less AFS sales Warrants Non-marketable and other equity securities1, 2 Pressured public and private markets Slows PE/VC investment and increases potential for down rounds Fewer exits reduce opportunities to realize gains – Stronger client balance sheets vs. previous cycles Private valuations driven by fundraising events – record VC investment over the past 2 years has generally extended client runway, mitigating need to raise equity at lower valuations + Limited public equity exposure Predominantly private companies+ Granular, diversified positions Warrants: Only 51 warrants out of 2,905 positions with a fair value >$1M, collectively representing $166M in fair value Private fund investments: Exposure to over 500 funds with nearly 25,000 investments in ~10,000 companies across various industries and stages of development + Gains (losses) from AFS sales 949 1,216 1,222 1,259 1,153 266 274 277 323 322 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 Q2’22 activity

-3 8 3 3 22 23 11 0 7 37 19 46 71 71 38 55 89 138 237 560 80 -13 -1 0 -2 -7 -10 -16 -58 -23 -1 -21 -26 -30 -12 -45 -35 -28 -23 -27 -28 -15 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1H'22 Q2 2022 FINANCIAL HIGHLIGHTS 32 Net warrant gains more than offset Early Stage charge-offs over time and offer meaningful long-term earnings support Net gains on equity warrant assets Cumulative net gains (2002–Q2’22 warrant gains less Early Stage NCOs) Early Stage NCOs $1.1BWarrant gains net of Early Stage losses $M

Core expense growth SVB Private SVB Securities Employee enablement & risk management Client experience & revenue growth initiatives FY’22 expenses FY’21 expenses Continued hiring & FY impact of 2021 hires FY impact of Boston Private expenses PBWM strategy High single digits % Mid single digits % High single digits % In line with historical core expense growth Q2 2022 FINANCIAL HIGHLIGHTS 33 Lower expenses as reduced revenue outlook decreased incentive compensation Lowering FY’22 noninterest expense growth outlook to low 20s % (excluding merger-related charges) due to market conditions * Excludes pre-tax merger-related charges ($32M incurred in 1H’22 and estimated $5-10M in 2H’22). Continue to invest in long-term strategic priorities, but moderating pace of investment due to market conditions 2H’22 considerations Noninterest expenses $M 425 548 597 584 502 97 104 110 106 132 37 54 54 58 60 3 6 11 14 27 17 25 23 23 26 19 83 27 16 16 55 59 80 72 85 653 879 902 873 848 43.9% 57.7% 60.1% 54.6% 55.5% 0 100 200 300 400 500 600 700 800 900 1000 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 4,808 6,024 6,431 6,975 7,528 Average FTEs GAAP efficiency ratio Other Occupancy BD&T Premises and equipment Professional services Compensation and benefits Merger-related charges Expected FY’22 noninterest expense growth Excludes merger-related charges* See page 19 for strategic priorities

Appendix Q2 2022 FINANCIAL HIGHLIGHTS 34

Clients Silicon Valley Bank Global commercial banking Q2 2022 FINANCIAL HIGHLIGHTS 35 Our vision: Be the most sought-after partner helping innovators, enterprises and investors move bold ideas forward, fast New Tech, Healthcare Services & HealthTech hires , and have bolstered organic initiatives to expand and deepen our global platform M&AStrategic partnerships talent acquisition SVB Securities Investment banking SVB Private Private banking and wealth management SVB Capital Venture capital and credit investing

Equity Capital Markets Convertible Securities Alternative Equities Institutional Equities MEDACorp M&A Advisory Equity Research Leveraged Finance Structured Finance SPACs Private Placements New capabilities added in 2021 Q2 2022 FINANCIAL HIGHLIGHTS 36 Building the premier investment bank dedicated to the innovation economy • Rebranded as SVB Securities to reflect our expanded focus • Acquired technology equity research firm MoffettNathanson LLC • Launched Technology Investment Banking • Deepened Healthcare Services and HealthTech Practices • Added Leveraged Finance, SPACs and Structured Finance capabilities Life Sciences/Healthcare Expanded In 2021Technology (launched September 2021) Education Technology Industrial Technology Enterprise Software Digital Infra & Tech Services Consumer Software, Internet & Info Services Fintech Tools & Diagnostics Medical Devices Biopharma Healthcare Services Digital Health & HealthTech Enhancing our ability to deliver strategic support to our clients as they grow

Wealth access digital portal Superior client focus Holistic, relationship- based advice and service Comprehensive planning to prepare for complex financial needs resulting from liquidity and life events Exclusive access to networking events, insights and investment opportunities in the innovation economy Tailored solutions to address equity compensation, concentrated stock positions and non-liquid assets Next generation digital platform “Always on” digitally enabled interactions and improved efficiencies Large balance sheet to support clients’ borrowing needs Wealth Advisory Investment Lending Q2 2022 FINANCIAL HIGHLIGHTS 37 Creating a premier private banking & wealth management platform • Dedicated advisor supported by a team of specialists • Deep wealth management and innovation economy expertise Seamless onboarding 360o view of financial positions Integrated banking and wealth solutions Personalized financial planning Customized portfolio management 24-7 access and support Mortgages Private stock lending Securities-based loans Specialty commercial SVB Capital access Private placements Brokerage solutions Impact investing HNW/UHNW Family office Tax planning Philanthropy Trust & estate Premier private banking and wealth platform Trusted advisor and team Full product suite

Centralized marketplace for trading private company stock Commercial Banking: Enable clients to manage secondary offerings with leading technology platform and global distribution network SVB Private, SVB Capital & SVB Securities: Provide investor clients more liquidity options and broader access to investment opportunities Marketplace for on-demand executive talent Commercial Banking: Help clients rapidly scale and diversify their leadership teams and boards SVB Private: Provide clients with access to job opportunities within the innovation economy Investment analytics platform for VCs, LPs and other private capital investors Commercial Banking: Provide a powerful solution for our PE and VC clients to gain enhanced insights into their portfolios SVB Capital: Assist SVB Capital team with market benchmarking, streamlined LP reporting and portfolio analytics Commercial insurance provider powered by technology serving high-growth, venture- backed startups Commercial Banking: Connect early and mid-stage clients to Vouch’s tailored commercial insurance solutions to benefit customer retention and risk mitigation Largest global seed investor and accelerator program Commercial Banking: Expand SVB’s early-stage client acquisition channels and support innovative companies in Techstars’ global network Gain sector and market insights in the innovation economy Q2 2022 FINANCIAL HIGHLIGHTS 38 Strategic partnerships: another channel to expand capabilities to better meet clients’ needs Note: SVB maintains a noncontrolling equity interest in each of the companies listed above.

56.9 71.0 115.5 211.5 214.4 -$10 $10 $30 $50 $70 $90 $110 $130 $150 $170 $190 $210 $230 $250 2018 2019 2020 2021 6/30/22 Period-end assets $B Period-end liabilities $B 51.7 64.4 107.1 194.9 198.1 $ $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 $220 2018 2019 2020 2021 6/30/22 Q2 2022 FINANCIAL HIGHLIGHTS 39 High-quality balance sheet Noninterest-bearing deposits Borrowings Interest-bearing deposits Other liabilities Net loans Other assets Non-marketable securities (primarily VC & LIHTC investments) Held-to-maturity securities Available-for- sale securities Cash and cash equivalents * Based on cash, fixed income investment portfolio and Global Fund Banking and Private Bank loan classes of financing receivables as of June 30, 2022. 87% of assets in high-quality investments and low credit loss experience lending* Noninterest-bearing deposits 58% of total liabilities

Q2 2022 FINANCIAL HIGHLIGHTS 40 Improved risk profile, with loan growth driven by lowest risk loan classes 71% of loans in Global Fund Banking and Private Bank, classes with lowest historical credit losses Early Stage ID % of total loans Other C&I Technology and Life Science/Healthcare Premium Wine and Other Private Bank Global Fund Banking Early Stage Investor Dependent (“ID”) loans, our highest risk loan class, now only 2% of total loans, down from 11% in 2009 and 30% in 2000 CRE PPP 4.5 5.5 7.0 8.9 10.9 14.4 16.7 19.9 23.1 28.3 33.2 45.2 66.3 71.011% 10% 8% 9% 9% 8% 6% 6% 6% 6% 5% 3% 2% 2% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 6/30/22 Period-end total loans $B

Q2 2022 FINANCIAL HIGHLIGHTS 41 Low credit risk capital call lines of credit Largest driver of loan growth over past 8 years; strong underwriting and well-diversified 1. Based on period-end loans at June 30, 2022. Capital call lines represent 97% of GFB portfolio. 2. Based on total GFB loan commitments (funded + unfunded) as of June 30, 2022. Global Fund Banking capital call lending Short-term lines of credit used by PE and VC funds to support investment activity prior to the receipt of Limited Partner capital contributions of total loans57%1 Limited partner commitments and robust secondary markets Value of fund investments with solid asset coverage Strong sources of repayment Only 1 net loss in our ~30 years of capital call lending Global Fund Banking portfolio2 By industry By investment style 22% 20% 12% 12% 9% 6% 19% Debt Buyout Growth Fund of funds VC funds Other Real estate 38% 14%6% 4% 8% 13% 3% 1% 2% 3% 8% Life sciences Industrial Other Consumer Debt Technology Real estate Fintech Natural resources Infrastructure Energy PE Funds

42 Supporting innovation around the world 2004 2005 2008 2012 2016 2019  SVB Financial Group’s offices * Source: PitchBook. Investment data has been updated with PitchBook’s proprietary back-end data set and filters which has resulted in prior period revisions. $152B Americas $64B EMEA $63B APAC 1H’22 VC investment by market* Expanding our platform globally Israel Tel Aviv Business developmentChina Shanghai Hong Kong (2009) Beijing (2010) Business development Canada Toronto (2019) Lending branch Vancouver (2020) Business Development Montréal (2021) Business Development Europe Ireland (2016) Business development Germany (2018) Lending branch Denmark (2019) Business development U.K. London Full-service branch (2012) China Joint Venture SPD Silicon Valley Bank (JV) Shanghai Additional JV branches Beijing (2017) Shenzhen (2018) Suzhou (2022) Q2 2022 FINANCIAL HIGHLIGHTS

20.57% 20.03% 16.83% 17.10% 13.08%12.76% 11.80% 8.27% 13.18% 12.80% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 2018 2019 2020 2021 1H'22 SVB Peer Average 43 History of industry-leading performance Q2 2022 FINANCIAL HIGHLIGHTS 1/1/18 7/1/18 1/1/19 7/1/19 1/1/20 7/1/20 1/1/21 7/1/21 1/1/22 SVB 1.7x BKX 0.9x S&P 500 1.4x Total shareholder return2 Since 1/1/18 6/30/22 1. Source: S&P Global Market Intelligence. “Peers” refers to peer group as reported in our Proxy Statement for each year and is subject to change annually. 2022 annualized average peer ROE includes 5 of 16 peers as of July 20, 2022. 2. Cumulative total return on $100 invested on 1/1/18 in stock or index. Includes reinvestment of dividends. Return on equity Strong total shareholder return As of 6/30/22: 1 Strong return on equity

44 Strong, seasoned management team Diverse experience and skills to help direct our growth Dan Beck Chief Financial Officer 5 years at SVB Greg Becker President and CEO 29 years at SVB Marc Cadieux Chief Credit Officer 29 years at SVB John China President SVB Capital 26 years at SVB Phil Cox Chief Operations Officer 12 years at SVB Anthony DeChellis CEO SVB Private 1 year at SVB Mike Descheneaux President Silicon Valley Bank 16 years at SVB Michelle Draper Chief Marketing & Strategy Officer 9 years at SVB Chris Edmonds-Waters Chief Human Resources Officer 18 years at SVB Jeffrey Leerink CEO SVB Securities 3 years at SVB John Peters Chief Auditor 15 years at SVB Michael Zuckert General Counsel 8 years at SVB 14 years average tenure at SVB Q2 2022 FINANCIAL HIGHLIGHTS

Glossary The following terms are used throughout this presentation to refer to certain SVB-specific metrics: Non-GAAP measures Please see “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release and non-GAAP reconciliations at the end of this presentation Core Fee Income – Fees from letters of credit, client investments, credit cards, deposit service charges, foreign exchange, lending-related fees and wealth management and trust, in aggregate. Core Fee Income plus SVB Securities Revenue – Core fee income, from above, plus investment banking revenue and commissions. SVB Securities Revenue – SVB Securities revenue defined as investment banking revenue and commissions and excludes other income earned by SVB Securities. Tangible Common Equity (“TCE”) / Tangible Book Value (“TBV”) – Stockholders' equity less preferred stock and intangible assets, plus net deferred taxes on intangible assets. Gains (losses) on Investment Securities, Net of Noncontrolling Interests – Net gains on investment securities include gains and losses from our non-marketable and other equity securities, which include public equity securities held as a result of exercised equity warrant assets, gains and losses from sales of our Available-For-Sale debt securities portfolio, when applicable, and carried interest. This measure excludes amounts attributable to noncontrolling interests for which we effectively do not receive the economic benefit or cost. Non-GAAP Non-marketable and Other Equity Securities, Net of investments in Qualified Affordable Housing Projects and Noncontrolling Interests in Non- marketable Securities – This measure represents non-marketable and other equity securities but excludes qualified affordable housing projects and noncontrolling interests. Other measures Fixed Income Securities – Available-For-Sale ("AFS") and Held-To-Maturity ("HTM") securities held on the balance sheet. Total Client Funds (“TCF”) – The sum of on-balance sheet deposits and off-balance sheet client investment funds. Beginning in Q3’21, TCF excludes SVB Private assets under management. SVB Private Assets Under Management (“AUM”) – Consists of SVB Private’s client investment accounts balances. Total Client Position (“TCP”) – Represents sum of SVB Private AUM, and loans and deposits as reported in our segment reporting for SVB Private. Q2 2022 FINANCIAL HIGHLIGHTS 45

Acronyms and abbreviations FX – Foreign exchange FY – Full year GFB – Global Fund Banking GDP – Gross domestic product HC – Healthcare HNW/UHNW – High net worth, ultra high net worth HTM – Held-to-maturity ID – Investor dependent IPO – Initial public offering JV – Joint venture LIHTC – Low income housing tax credit funds LMI – Low- and moderate-income LOC – Letter of credit LP – Limited partner LS – Life science LTV – Loan-to-value M&A – Merger & acquisition MBS – Mortgage-backed security NCI – Noncontrolling interests NCO – Net charge-off NII – Net interest income NIM – Net interest margin NPL – Non-performing loan OBS – Off-balance sheet ACL – Allowance for credit losses AFS – Available-for-sale AOCI – Accumulated other comprehensive income APAC – Asia-Pacific API – Application programming interface AUM – Assets under management BKX – KBW Nasdaq Bank Index BP – Boston Private bp – Basis point BD&T – Business development & travel C&I – Commercial and industrial CAGR – Compound annual growth rate CMBS – Commercial mortgage-backed security CMO – Collateralized mortgage obligation CRE – Commercial Real Estate Dep – Dependent ECM – Equity capital market EMEA – Europe, the Middle East and Africa EOP – End of period EPS – Earnings per share Ex – Excluding FHLB – Federal Home Loan Bank FRB – Federal Reserve Board FTE – Full-time employee PBWM – Private bank wealth management PCD – Purchased credit deteriorated PE – Private equity QoQ – Quarter over quarter Refi – Refinance Repo – Repurchase agreement RMBS – Residential mortgage-backed security ROE – Return on equity SBA PPP – Small Business Administration Paycheck Protection Program SEC – Securities & Exchange Commission SPAC – Special purpose acquisition company SPD – Shanghai Pudong Development Bank SVBFG – SVB Financial Group TBV – Tangible book value TCE – Tangible common equity TCF – Total client funds TCP – Total client position Tech – Technology TTM – Trailing 12 months UST – U.S. Treasury security VC – Venture capital W.A. – Weighted average WM&T – Wealth management and trust YTD – Year-to-date Q2 2022 FINANCIAL HIGHLIGHTS 46

Non-GAAP reconciliations Q2 2022 FINANCIAL HIGHLIGHTS 47

Non-GAAP reconciliation Core fee income and investment gains, net of NCI Q2 2022 FINANCIAL HIGHLIGHTS 48 Non-GAAP core fee income (dollars in millions) Yea ear ended December 31, r 2018 2019 2020 2021 1H’22 GAAP noninterest income 745 1,221 1,840 2,738 879 Less: gains (loss) on investment securities, net 88 135 421 761 (72) Less: net gains on equity warrant assets 89 138 237 560 80 Less: other noninterest income 52 55 98 128 88 Non-GAAP core fee income plus SVB Securities revenue 516 893 1,084 1,289 783 Investment banking revenue — 195 414 459 218 Commissions — 56 67 79 49 Less: total non-GAAP SVB Securities revenue — 251 481 538 267 Non-GAAP core fee income 516 642 603 751 516 See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release for more information. Non-GAAP net gains on investment securities, net on noncontrolling interests (dollars in millions) Year ended December 31, 2018 2019 2020 2021 1H’22 GAAP net gains (loss) on investment securities 88 135 421 761 (72) Less: income (loss) attributable to noncontrolling interests, including carried interest allocation 38 48 86 240 (2) Non-GAAP net gains on investment securities, net of noncontrolling interests 50 87 335 521 (70)

Non-GAAP reconciliation Non-marketable and other equity securities Q2 2022 FINANCIAL HIGHLIGHTS 49 Non- GAAP Non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests (dollars in millions) Period-end balances at 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 GAAP non-marketable and other equity securities 1,943 2,485 2,543 2,605 2,645 Less: investments in qualified affordable housing projects 696 920 954 957 1,134 Less: noncontrolling interests in non-marketable securities 298 349 367 389 358 Non- GAAP Non-marketable and other equity securities, net of investments in qualified affordable housing projects and noncontrolling interests 949 1,216 1,222 1,259 1,153 See “Use of non-GAAP Financial Measures” in our Q2 2022 Earnings Release for more information.

Important information regarding forward-looking statements and use of non-GAAP financial measures The Company’s financial results for 2022 reflected in this presentation are unaudited. This document should be read in conjunction with the Company’s SEC filings. Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements are statements that are not historical facts, such as forecasts of our future financial results and condition, expectations for our operations and business, and our underlying assumptions of such forecasts and expectations. In addition, forward-looking statements generally can be identified by the use of such words as “becoming,” “may,” “will,” “should,” “could,” “would,” “predict,” “potential,” “continue,” “anticipate,” “believe,” “estimate,” “assume,” “seek,” “expect,” “plan,” “intend,” the negative of such words or comparable terminology. In this presentation, we make forward-looking statements discussing management’s expectations for 2022 about, among other things, economic conditions; the continuing and potential effects of the COVID-19 pandemic; opportunities in the market; our commitments and objectives in relation to sustainable finance and managing risks associated with climate change; the outlook on our clients' performance; our financial, credit, and business performance, including potential investment gains, loan growth, loan mix and loan yields, deposit growth, and expense levels; our expected effective tax rate; the interest rate environment; accounting impacts and financial results (and the components of such results). Although we believe that the expectations reflected in our forward-looking statements are reasonable, we have based these expectations on our current beliefs as well as our assumptions, and such expectations may not prove to be correct. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside our control. Our actual results of operations and financial performance could differ significantly from those expressed in or implied by our management’s forward-looking statements. Important factors that could cause our actual results and financial condition to differ from the expectations stated in the forward-looking statements include, among others: market and economic conditions (including elevated inflation levels, sustained interest rate increases, the general condition of the capital and equity markets, and private equity and venture capital investment, IPO, secondary offering, SPAC fundraising, M&A and other financing activity levels) and the associated impact on us (including effects on client demand for our commercial and investment banking and other financial services, as well as on the valuations of our investments); disruptions to the financial markets as a result of current or anticipated military conflicts, including the ongoing military conflict between Russia and Ukraine, terrorism and other geopolitical events; the COVID-19 pandemic, including COVID-19 variants and their effects on the economic and business environments in which we operate, and its effects on our operations, including, as a result of, prolonged work-from-home arrangements; the impact of changes from the Biden-Harris administration and the U.S. Congress on the economic environment, capital markets and regulatory landscape, including monetary, tax and other trade policies, as well as changes in personnel at the bank regulatory agencies; changes in the volume and credit quality of our loans as well as volatility of our levels of nonperforming assets and charge-offs; the impact of changes in interest rates or market levels or factors affecting or affected by them, especially on our loan and investment portfolios; the adequacy of our allowance for credit losses and the need to make provisions for credit losses for any period; the sufficiency of our capital and liquidity positions; changes in the levels of our loans, deposits and client investment fund balances; changes in the performance or equity valuations of funds or companies in which we have invested or hold derivative instruments or equity warrant assets; variations from our expectations as to factors impacting our cost structure; changes in our assessment of the creditworthiness or liquidity of our clients or unanticipated effects of credit concentration risks which create or exacerbate deterioration of such creditworthiness or liquidity; variations from our expectations as to factors impacting the timing and level of employee share-based transactions; the occurrence of fraudulent activity, including breaches of our information security or cyber security-related incidents; business disruptions and interruptions due to natural disasters and other external events; the impact on our reputation and business from our interactions with business partners, counterparties, service providers and other third parties; the expansion of our business internationally, and the impact of international market and economic events on us; the effectiveness of our risk management framework and quantitative models; unexpected delays or expenses associated with executing against our climate-related commitments and goals; the quality and availably of carbon emissions data; our ability to maintain or increase our market share, including through successfully implementing our business strategy and undertaking new business initiatives, including through the continuing integration of Boston Private, the expansion of SVB Private and the growth and expansion of SVB Securities; greater than expected costs or other difficulties related to the continuing integration of our business and that of Boston Private; variations from our expectations as to the amount and timing of business opportunities, growth prospects and cost savings associated with the acquisition of Boston Private; the inability to retain existing Boston Private clients and employees following the Boston Private acquisition; unfavorable resolution of legal proceedings or claims, as well as legal or regulatory proceedings or governmental actions; variations from our expectations as to factors impacting our estimate of our full-year effective tax rate; changes in applicable accounting standards and tax laws; and regulatory or legal changes and their impact on us. We refer you to the documents the Company files from time to time with the Securities and Exchange Commission, including (i) our latest Annual Report on Form 10-K, (ii) our most recent Quarterly Report on Form 10-Q, and (iii) our most recent earnings release filed on Form 8-K. These documents contain and identify important risk factors that could cause the Company’s actual results to differ materially from those contained in our projections or other forward-looking statements. All forward-looking statements included in this presentation are made only as of the date of this presentation. We assume no obligation and do not intend to revise or update any forward-looking statements contained in this presentation, except as required by law. This presentation shall not constitute an offer or solicitation in connection with any securities. Use of Non-GAAP Financial Measures To supplement our financial disclosures that are presented in accordance with GAAP, we use certain non-GAAP measures of financial performance (including, but not limited to, non-GAAP core fee income, non-GAAP SVB Securities revenue, non-GAAP core fee income plus non-GAAP SVB Securities revenue, non-GAAP net gains on investment securities, non-GAAP non-marketable and other equity securities net of investments in qualified affordable housing projects and noncontrolling interests in non-marketable securities, and non- GAAP financial ratios) of financial performance. These supplemental performance measures may vary from, and may not be comparable to, similarly titled measures by other companies in our industry. Non-GAAP financial measures are not in accordance with, or an alternative for, GAAP. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. A non-GAAP financial measure may also be a financial metric that is not required by GAAP or other applicable requirement. We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures (as applicable), provide meaningful supplemental information regarding our performance by: (i) excluding amounts attributable to noncontrolling interests for which we effectively do not receive the economic benefit or cost of, where indicated, or (ii) providing additional information used by management that is not otherwise required by GAAP or other applicable requirements. Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results and when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate a comparison of our performance to prior periods. We believe these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. However, these non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, net income or other financial measures prepared in accordance with GAAP. Under the “Use of Non-GAAP Financial Measures” section in our latest earnings release filed as an exhibit to our Form 8-K on July 21, 2022, we have provided reconciliations of, where applicable, the most comparable GAAP financial measures to the non-GAAP financial measures used in this presentation, or a reconciliation of the non-GAAP calculation of the financial measure. Please refer to that section of the earnings release for more information. Q2 2022 FINANCIAL HIGHLIGHTS 50

About SVB SVB is the financial partner of the innovation economy, helping individuals, investors and the world’s most innovative companies achieve their ambitious goals. SVB’s businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global. SVB Financial Group (Nasdaq: SIVB) is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. Q2 2022 FINANCIAL HIGHLIGHTS 51

Investor Relations 3005 Tasman Drive Santa Clara, CA 95054 T 408 654 7400 ir@svb.com Q2 2022 FINANCIAL HIGHLIGHTS 52

XML

Document and Entity Information	Jul. 21, 2022
Entity Information [Line Items]
Entity Registrant Name	SVB Financial Group
Document Type	8-K
Document Period End Date	Jul. 21, 2022
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39154
Entity Tax Identification Number	91-1962278
Entity Address, Address Line One	3003 Tasman Drive
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054-1191
City Area Code	408
Local Phone Number	654-7400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000719739
Amendment Flag	false
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	SIVB
Security Exchange Name	NASDAQ
Preferred Stock, Series A
Entity Information [Line Items]
Title of 12(b) Security	Depositary shares, each representing a 1/40th interest in a share of 5.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A
Trading Symbol	SIVBP
Security Exchange Name	NASDAQ