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Stockholders' Equity and Earnings Per Share ("EPS") (Tables)
12 Months Ended
Dec. 31, 2011
Reconciliation of Basic EPS to Diluted EPS

The following is a reconciliation of basic EPS to diluted EPS for 2011, 2010 and 2009:

 

     Year ended December 31,  

(Dollars and shares in thousands, except per share amounts)

       2011              2010              2009      

Numerator:

        

Net income attributable to SVBFG

   $ 171,902       $ 94,951       $ 48,010   

Preferred stock dividend and discount accretion

                     (25,336
  

 

 

    

 

 

    

 

 

 

Net income available to common stockholders

   $ 171,902       $ 94,951       $ 22,674   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average common shares outstanding—basic

     43,004         41,774         33,901   

Weighted average effect of dilutive securities:

        

Stock options and ESPP

     517         641         282   

Restricted stock units

     116         63           
  

 

 

    

 

 

    

 

 

 

Denominator for diluted calculation

     43,637         42,478         34,183   
  

 

 

    

 

 

    

 

 

 

Net income per common share:

        

Basic

   $ 4.00       $ 2.27       $ 0.67   
  

 

 

    

 

 

    

 

 

 

Diluted

   $ 3.94       $ 2.24       $ 0.66   
  

 

 

    

 

 

    

 

 

 
Common Shares Excluded from the Diluted EPS Calculation as They Were Deemed to be Anti-Dilutive

The following table summarizes the common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for 2011, 2010 and 2009:

 

     Year ended December 31,  

(Shares in thousands)

       2011              2010              2009      

Stock options

     274         9         2,267   

Restricted stock units

     94         30         226   

Warrant associated with CPP (1)

                     446   
  

 

 

    

 

 

    

 

 

 

Total

     368         39         2,939   
  

 

 

    

 

 

    

 

 

 

 

(1) In June 2010, we repurchased in its entirety the warrant issued to the U.S. Treasury in connection with our previous participation in the CPP.