Noninterest Income (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Summary of Noninterest Income

Included below is a summary of noninterest income for the three and nine months ended September 30, 2022 and 2021:

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Noninterest income:
Gains (losses) on investment securities, net	$	(127)	$	189	$	(199)	$	661
Gains on equity warrant assets, net	40		147		120		491
Client investment fees	119		20		237		55
Wealth management and trust fees	19		22		63		22
Foreign exchange fees	74		65		216		189
Credit card fees	37		34		114		93
Deposit service charges	32		29		94		82
Lending related fees	20		21		65		55
Letters of credit and standby letters of credit fees	15		13		43		39
Investment banking revenue	75		90		293		335
Commissions	24		17		73		58
Other	31		25		119		97
Total noninterest income	$	359	$	672	$	1,238	$	2,177

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

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Gains (losses) on non-marketable and other equity securities, net	$	(127)	$	189	$	(247)	$	661
Gains (losses) on sales of AFS securities, net	—		—		48		—
Total gains (losses) on investment securities, net	$	(127)	$	189	$	(199)	$	661

Components of Gains on Equity Warrant Assets

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Equity warrant assets:
Gains on exercises, net	$	9	$	91	$	44	$	381
Terminations	(1)		(1)		(3)		(2)
Changes in fair value, net	32		57		79		112
Total net gains on equity warrant assets	$	40	$	147	$	120	$	491

Components of Client Investment Fees

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Client investment fees by type:
Sweep money market fees	$	64	$	12	$	144	$	31
Asset management fees (1)	16		7		41		22
Repurchase agreement fees	39		1		52		2
Total client investment fees (2)	$	119	$	20	$	237	$	55

(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 nine months ended September 30, 2022 and 2021 is as follows:

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Wealth management and trust fees by type:
Wealth management fees	$	17	$	20	$	58	$	20
Trust fees	2		2		5		2
Total wealth management and trust fees	$	19	$	22	$	63	$	22

Components of Foreign Exchange Fees

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Foreign exchange fees by instrument type:
Foreign exchange contract commissions	$	74	$	65	$	215	$	188
Option premium fees	—		—		1		1
Total foreign exchange fees	$	74	$	65	$	216	$	189

Components of Credit Card Fees

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Credit card fees by instrument type:
Card interchange fees, net	$	29	$	29	$	91	$	78
Merchant service fees	6		4		18		12
Card service fees	2		1		5		3
Total credit card fees	$	37	$	34	$	114	$	93

Components of Lending Related Fees

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Lending related fees by instrument type:
Unused commitment fees	$	14	$	14	$	49	$	42
Other	6		7		16		13
Total lending related fees	$	20	$	21	$	65	$	55

Schedule of Investment Banking Revenue

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Investment banking revenue:
Underwriting fees	$	24	$	39	$	97	$	248
Advisory fees	40		26		163		39
Private placements and other	11		25		33		48
Total investment banking revenue	$	75	$	90	$	293	$	335

Summary of Other Noninterest Income

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

	Three months ended September 30,				Nine months ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Other noninterest income by instrument type:
Fund management fees	$	16	$	15	$	43	$	51
Net gains on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)	6		(4)		7		1
Gains on total return swaps	(3)		—		25		—
Other service revenue	12		14		44		45
Total other noninterest income	$	31	$	25	$	119	$	97

(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 nine months ended September 30, 2022 and 2021:

Three months ended September 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	$	119	$	—	$	—	$	—	$	—	$	119
Wealth management and trust fees	—		19		—		—		—		19
Card interchange fees, gross	54		1		—		—		—		55
Merchant service fees	7		—		—		—		—		7
Deposit service charges	32		—		—		—		—		32
Investment banking revenue	—		—		—		75		—		75
Commissions	—		—		—		24		—		24
Fund management fees	1		—		13		2		—		16
Other (1)	1		—		2		—		—		3
Total revenue from contracts with customers	$	214	$	20	$	15	$	101	$	—	$	350
Revenues outside the scope of ASC 606 (2)	94		2		(69)		(1)		(17)		9
Total noninterest income	$	308	$	22	$	(54)	$	100	$	(17)	$	359

(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 September 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	$	20	$	—	$	—	$	—	$	—	$	20
Wealth management and trust fees	—		22								22
Card interchange fees, gross	52		—		—		—		—		52
Merchant service fees	4		—		—		—		—		4
Deposit service charges	28		—		—		—		1		29
Investment banking revenue	—		—		—		90		—		90
Commissions	—		—		—		17		—		17
Fund management fees	—		—		14		1		—		15
Other (1)	61		1		4		—		—		66
Total revenue from contracts with customers	165		23		18		108		1		315
Revenues outside the scope of ASC 606 (2)	17		2		127		23		188		357
Total noninterest income	$	182	$	25	$	145	$	131	$	189	$	672

(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."

Nine months ended September 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	$	236	$	—	$	—	$	—	$	1	$	237
Wealth management and trust fees	—		63		—		—		—		63
Card interchange fees, gross	170		1		—		—		2		173
Merchant service fees	18		—		—		—		—		18
Deposit service charges	92		1		—		—		1		94
Investment banking revenue	—		—		—		293		—		293
Commissions	—		—		—		73		—		73
Fund management fees	1		—		37		5		—		43
Other (1)	69		1		6		—		—		76
Total revenue from contracts with customers	$	586	$	66	$	43	$	371	$	4	$	1,070
Revenues outside the scope of ASC 606 (2)	195		6		(121)		(19)		107		168
Total noninterest income	$	781	$	72	$	(78)	$	352	$	111	$	1,238

(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."

Nine months ended September 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	$	53	$	2	$	—	$	—	$	—	$	55
Wealth management and trust fees	—		22		—		—		—		22
Card interchange fees, gross	140		1		—		—		1		142
Merchant service fees	12		—		—		—		—		12
Deposit service charges	80		—		—		—		2		82
Investment banking revenue	—		—		—		335		—		335
Commissions	—		—		—		58		—		58
Fund management fees	—		—		47		4		—		51
Other (1)	178		1		12		—		—		191
Total revenue from contracts with customers	$	463	$	26	$	59	$	397	$	3	$	948
Revenues outside the scope of ASC 606 (2)	51		2		330		53		793		1,229
Total noninterest income	$	514	$	28	$	389	$	450	$	796	$	2,177

(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."