Noninterest Income (Tables)

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

Summary of Noninterest Income

Included below is a summary of noninterest income 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)	2022		2021		2022		2021
Noninterest income:
Gains (losses) on investment securities, net	$	(157)	$	305	$	(72)	$	472
Gains on equity warrant assets, net	17		122		80		344
Client investment fees	83		15		118		35
Wealth management and trust fees	22		—		44		—
Foreign exchange fees	69		67		142		124
Credit card fees	40		31		77		59
Deposit service charges	32		28		62		53
Lending related fees	26		18		45		34
Letters of credit and standby letters of credit fees	14		13		28		26
Investment banking revenue	125		103		218		245
Commissions	24		17		49		41
Other	67		42		88		72
Total noninterest income	$	362	$	761	$	879	$	1,505

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

A summary of gains and losses on investment securities for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
(Losses) gains on non-marketable and other equity securities, net	$	(156)	$	305	$	(120)	$	472
(Losses) gains on sales of AFS securities, net	(1)		—		48		—
Total (losses) gains on investment securities, net	$	(157)	$	305	$	(72)	$	472

Components of Gains on Equity Warrant Assets

A summary of net gains on equity warrant assets for the three and six months ended June 30, 2022 and 2021 is as follows:

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

Components of Client Investment Fees

A summary of client investment fees by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Client investment fees by type:
Sweep money market fees	$	56	$	7	$	80	$	18
Asset management fees (1)	15		8		25		16
Repurchase agreement fees	12		—		13		1
Total client investment fees (2)	$	83	$	15	$	118	$	35

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

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

Components of Wealth Management and Trust Fees

A summary of wealth management and trust fees by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Wealth management and trust fees by type:
Wealth management fees	$	20	$	—	$	40	$	—
Trust fees	2		—		4		—
Total wealth management and trust fees	$	22	$	—	$	44	$	—

Components of Foreign Exchange Fees

A summary of foreign exchange fee income by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Foreign exchange fees by instrument type:
Foreign exchange contract commissions	$	69	$	66	$	141	$	123
Option premium fees	—		1		1		1
Total foreign exchange fees	$	69	$	67	$	142	$	124

Components of Credit Card Fees

A summary of credit card fees by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Credit card fees by instrument type:
Card interchange fees, net	$	32	$	26	$	62	$	49
Merchant service fees	6		4		11		8
Card service fees	2		1		4		2
Total credit card fees	$	40	$	31	$	77	$	59

Components of Lending Related Fees

A summary of lending related fees by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Lending related fees by instrument type:
Unused commitment fees	$	20	$	15	$	35	$	28
Other	6		3		10		6
Total lending related fees	$	26	$	18	$	45	$	34

Schedule of Investment Banking Revenue

A summary of investment banking revenue by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Investment banking revenue:
Underwriting fees	$	41	$	84	$	73	$	209
Advisory fees	69		9		123		13
Private placements and other	15		10		22		23
Total investment banking revenue	$	125	$	103	$	218	$	245

Summary of Other Noninterest Income

A summary of other noninterest income by instrument type for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Other noninterest income by instrument type:
Fund management fees	$	14	$	21	$	27	$	36
Net gains on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)	1		6		1		5
Gains on total return swaps	35		—		27		—
Other service revenue	17		15		33		31
Total other noninterest income	$	67	$	42	$	88	$	72

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

Disaggregation of Revenue

The following tables present our revenues from contracts with customers disaggregated by revenue source and segment for the three and six months ended June 30, 2022 and 2021:

Three months ended June 30, 2022	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	82	$	—	$	—	$	—	$	1	$	83
Wealth management and trust fees	—		22		—		—		—		22
Card interchange fees, gross	60		—		—		—		1		61
Merchant service fees	6		—		—		—		—		6
Deposit service charges	31		—		—		—		1		32
Investment banking revenue	—		—		—		125		—		125
Commissions	—		—		—		24		—		24
Fund management fees	—		—		12		2		—		14
Other (1)	1		—		—		—		—		1
Total revenue from contracts with customers	$	180	$	22	$	12	$	151	$	3	$	368
Revenues outside the scope of ASC 606 (2)	81		2		(101)		(20)		32		(6)
Total noninterest income	$	261	$	24	$	(89)	$	131	$	35	$	362

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

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

Three months ended June 30, 2021	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	14	$	1	$	—	$	—	$	—	$	15
Card interchange fees, gross	47		1		—		—		1		49
Merchant service fees	4		—		—		—		—		4
Deposit service charges	27		—		—		—		1		28
Investment banking revenue	—		—		—		103		—		103
Commissions	—		—		—		17		—		17
Fund management fees	—		—		20		1		—		21
Other (1)	61		—		8		—		—		69
Total revenue from contracts with customers	$	153	$	2	$	28	$	121	$	2	$	306
Revenues outside the scope of ASC 606 (2)	20		—		147		28		260		455
Total noninterest income	$	173	$	2	$	175	$	149	$	262	$	761

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

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

Six months ended June 30, 2022	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	117	$	—	$	—	$	—	$	1	$	118
Wealth management and trust fees	—		44		—		—		—		44
Card interchange fees, gross	116		—		—		—		2		118
Merchant service fees	11		—		—		—		—		11
Deposit service charges	60		1		—		—		1		62
Investment banking revenue	—		—		—		218		—		218
Commissions	—		—		—		49		—		49
Fund management fees	—		—		24		3		—		27
Other (1)	68		1		4		—		—		73
Total revenue from contracts with customers	$	372	$	46	$	28	$	270	$	4	$	720
Revenues outside the scope of ASC 606 (2)	101		3		(52)		(18)		125		159
Total noninterest income	$	473	$	49	$	(24)	$	252	$	129	$	879

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

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

Six months ended June 30, 2021	Silicon Valley Bank (3)		SVB Private		SVB Capital (3)		SVB Securities (3)		Other Items		Total
(Dollars in millions)
Revenue from contracts with customers:
Client investment fees	$	33	$	2	$	—	$	—	$	—	$	35
Card interchange fees, gross	88		1		—		—		1		90
Merchant service fees	8		—		—		—		—		8
Deposit service charges	52		—		—		—		1		53
Investment banking revenue	—		—		—		245		—		245
Commissions	—		—		—		41		—		41
Fund management fees	—		—		33		3		—		36
Other (1)	117		—		8		—		—		125
Total revenue from contracts with customers	$	298	$	3	$	41	$	289	$	2	$	633
Revenues outside the scope of ASC 606 (2)	34		—		203		30		605		872
Total noninterest income	$	332	$	3	$	244	$	319	$	607	$	1,505

(1)Includes certain spot contract commissions, performance fees and correspondent bank rebates.

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

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