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Stockholders' Equity and EPS (Tables)
6 Months Ended
Jun. 30, 2022
Equity and Earnings Per Share [Abstract]  
Reclassification out of Accumulated Other Comprehensive Income The following table summarizes the items reclassified out of AOCI into the Consolidated Statements of Income (unaudited) for the three and six months ended June 30, 2022 and 2021:
 Three months ended June 30, Six months ended June 30,
(Dollars in millions)Income Statement Location2022202120222021
Reclassification adjustment for loss (gains) included in net income  Gains/(loss) on investment securities, net$$— $(48)$— 
Related tax expenseIncome tax expense— — 14 — 
Reclassification adjustment for gains included in net incomeNet interest income(14)(16)(29)(31)
Related tax expenseIncome tax expense
Total reclassification adjustment for gains included in net income, net of tax$(9)$(11)$(55)$(22)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below summarizes the activity relating to net gains and losses on our cash flow hedges included in AOCI for the three and six months ended June 30, 2022 and 2021. Over the next 12 months, we expect that approximately $49 million in AOCI at June 30, 2022, related to unrealized gains will be reclassified out of AOCI and recognized in net income.
 Three months ended June 30, Six months ended June 30,
(Dollars in millions)2022202120222021
Balance, beginning of period, net of tax$72 $118 $83 $129 
Net realized (gain) loss reclassified to net income, net of tax(10)(11)(21)(22)
Balance, end of period, net of tax$62 $107 $62 $107 
Reconciliation of Basic EPS to Diluted EPS The following is a reconciliation of basic EPS to diluted EPS for the three and six months ended June 30, 2022 and 2021:
 Three months ended June 30, Six months ended June 30,
(Dollars in millions except per share amounts, shares in thousands)2022202120222021
Numerator:
Net income available to common stockholders$333 $502 $805 $1,034 
Denominator:
Weighted average common shares outstanding—basic 58,935 54,353 58,868 53,272 
Weighted average effect of dilutive securities:
Stock options and ESPP192 272 221 274 
Restricted stock units and awards327 527 441 570 
Weighted average common shares outstanding—diluted59,454 55,152 59,530 54,116 
Earnings per common share:
Basic$5.65 $9.23 $13.68 $19.40 
Diluted 5.60 9.09 13.52 19.10 
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share
The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation due to the antidilutive effect for the three and six months ended June 30, 2022 and 2021:
 Three months ended June 30, Six months ended June 30,
(Shares in thousands)2022202120222021
Stock options115 36 83 18 
Restricted stock units404 — 93 44 
Total519 36 176 62 
Schedule of Stock by Class
The following table summarizes our preferred stock at June 30, 2022:
SeriesDescriptionAmount outstanding (in millions)Carrying value
(in millions)
Shares issued and outstandingPar ValueOwnership interest per depositary shareLiquidation preference per depositary share2022 dividends paid per depositary share
Series A5.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock$350 $340 350,000$0.001 
1/40th
$25 $0.66 
Series B4.100% Fixed-Rate Non-Cumulative Perpetual Preferred Stock750 739 7,5000.001 
1/100th
1,000 20.50 
Series C4.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock1,000 985 10,0000.001 
1/100th
1,000 20.00 
Series D4.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock1,000 989 10,0000.001 
1/100th
1,000 23.26 
Series E4.700% Fixed-Rate Non-Cumulative Perpetual Preferred Stock600 593 6,0000.001 
1/100th
1,000 25.72 
Schedule of Stockholders Equity
The following table summarizes the changes in our consolidated equity for the three months ended June 30, 2022 and 2021:
 Preferred
Stock
Common StockAdditional
Paid-in Capital
Retained
Earnings
Accumulated
Other
Comprehensive Income (Loss)
Total SVBFG
Stockholders’ Equity
Noncontrolling InterestsTotal 
Equity
(Dollars in millions, except share data)SharesAmount
Balance at March 31, 2021$1,079 54,001,797 $ $2,591 $6,204 $21 $9,895 $226 $10,121 
Common stock issued under employee benefit plans and ESOP, net of restricted stock cancellations— 228,510 — (5)— — (5)— (5)
Issuance of Common Stock— 300,000 — 146— — 146 — 146 
Issuance of Preferred Stock985 — — — — — 985 — 985 
Net income— — — — 515 — 515 113 628 
Capital calls and distributions, net— — — — — — — (39)(39)
Other comprehensive income (loss), net of tax— — — — — 121 121 — 121 
Share-based compensation, net— — — 28 — — 28 — 28 
Dividends on preferred stock— — — — (13)— (13)— (13)
Other, net— — — (5)— — (5)— (5)
Balance at June 30, 2021$2,064 54,530,307 $ $2,755 $6,706 $142 $11,667 $300 $11,967 
Balance at March 31, 2022$3,646 58,840,156 $ $5,180 $7,914 $(760)$15,980 $380 $16,360 
Common stock issued under employee benefit plans and ESOP, net of restricted stock cancellations— 241,170 — (2)— — (2)— (2)
Net income— — — — 373 — 373 (20)353 
Capital calls and distributions, net— — — — — — — (2)(2)
Other comprehensive income (loss), net of tax— — — — — (438)(438)— (438)
Share-based compensation, net— — — 45 — — 45 — 45 
Dividends on preferred stock— — — — (40)— (40)— (40)
Balance at June 30, 2022$3,646 59,081,326 $ $5,223 $8,247 $(1,198)$15,918 $358 $16,276