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SI

28.15USD+3.88(+15.99%)Delayed

Silvergate Capital Corp

Market Summary

USD28.15+3.88Delayed
15.99%

SI Alerts

SI Stock Price

RSI Chart

Valuation

Market Cap

1.9B

Price/Earnings

16.8

Price/Sales

9.37

Price/Cashflow

14.88

MarketCap/EBT

13.64

Price/Sales

Profitability

EBT Margin

68.69%

Return on Equity

7.79%

Return on Assets

0.7%

Fundamentals

Revenue

Revenue (TTM)

251.7M

Revenue Y/Y

139.26%

Revenue Q/Q

26.79%

Earnings

Earnings (TTM)

130.7M

Earnings Y/Y

84.44%

Earnings Q/Q

12.23%

Price Action

52 Week Range

23.20232.00
(Low)(High)

Last 7 days

-10.2%

Last 30 days

-48.7%

Last 90 days

-71.8%

Trailing 12 Months

-86%

Financial Health

Debt/Equity

0.01

Debt/Cashflow

7.9

Investor Care

Shares Dilution (1Y)

19.11%

Diluted EPS (TTM)

3.85

Peers (Alternatives to Silvergate Capital)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
56.4B
31.5B
12.71% -15.00%
5.3
1.79
4.17% 14.47%
29.5B
5.1B
5.35% 8.49%
19.26
6.8
27.72% -10.02%
20.3B
6.0B
6.60% -15.01%
11.01
3.86
22.70% -13.14%
13.8B
4.9B
-4.23% -69.86%
7.82
3.25
67.44% -15.87%
10.1B
2.0B
3.25% -15.97%
10.75
5.7
25.70% 23.17%
MID-CAP
8.5B
923.1M
8.51% 5.52%
17.99
9.67
8.27% -13.57%
7.3B
2.3B
5.50% -41.85%
7.39
3.65
51.75% 19.31%
6.5B
1.0B
2.71% 1.04%
12.92
6.41
-2.99% -3.05%
5.4B
407.7M
0.30% -31.45%
23.52
13.84
9.35% 0.19%
5.3B
2.3B
-3.31% -16.66%
6.04
2.44
9.00% 16.18%
2.5B
426.3M
4.46% 15.29%
13.16
5.92
-6.64% 8.49%
2.1B
212.5M
1.44% 5.97%
20.53
9.87
9.13% 6.33%
2.1B
614.0M
4.97% -2.67%
10.42
3.55
4.86% -4.30%
SMALL-CAP
1.9B
327.3M
10.74% -6.79%
16.9
6.16
15.67% 1.27%
1.7B
-
-9.07% 29.13%
8.37
4
- -

Financials for Silvergate Capital

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue26.6%252199158130114
Earnings Before Taxes20.1%1641371088571
Net Income17.9%131111937966
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.7%15,46715,90015,79816,00512,777
    Cash Equivalents-0.4%1,8871,8941,3865,3883,784
  Net PPE5.7%43231
Liabilities-2.4%14,13614,47714,25214,39711,705
  Long Term Debt-16----
Shareholder's Equity-6.5%1,3311,4231,5461,6091,072
  Retained Earnings16.0%295254219194175
  Additional Paid-In Capital0.1%1,5561,5551,5541,422892
Accumulated Depreciation-7----
Shares Outstanding1.3%323127--
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations83.5%23012511380-72.63
  Share Based Compensation17.3%33222
Cashflow From Investing22.4%-4,921.73-6,343.65-11,115.43-7,983.54-6,469.22
Cashflow From Financing-23.3%2,7943,6448,05610,33010,129

Risks

What is the probability of a big loss on SI?

88.2%


Probability that Silvergate Capital stock will be more than 20% underwater in next one year

88.2%


Probability that Silvergate Capital stock will be more than 30% underwater in next one year.

82.6%


Probability that Silvergate Capital stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Silvergate Capital was unfortunately bought at previous high price.

Returns

Cumulative Returns on SI

21.6%


3-Year Cumulative Returns

Which funds bought or sold SI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
REDUCED
-23.41
1,643,000
22,695,000
0.94%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
877,000
2,984,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
NEW
-
215,000
215,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
477.98
353,000
402,000
-%
2022-11-15
JANE STREET GROUP, LLC
REDUCED
-87.67
-985,000
207,000
-%
2022-11-15
HORIZON KINETICS ASSET MANAGEMENT LLC
NEW
-
428,000
428,000
0.01%
2022-11-15
Covington Capital Management
NEW
-
2,000
2,000
-%
2022-11-15
SeaCrest Wealth Management, LLC
REDUCED
-0.26
291,000
1,011,000
0.15%
2022-11-15
OLIVER LAGORE VANVALIN INVESTMENT GROUP
SOLD OFF
-100
-
-
-%
2022-11-15
MERCER GLOBAL ADVISORS INC /ADV
REDUCED
-1.3
161,000
574,000
-%

1–10 of 43

Latest Funds Activity

Are funds buying SI calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own SI

Silvergate Capital News

Barron's

South Korean Talisman Son Masked And Muted In World Cup Opener.4 hours ago

SI Fair Value

Recent SEC filings of Silvergate Capital

View All Filings
Date Filed Form Type Document
Nov 23, 2022
SC 13G
Major Ownership Report
Nov 23, 2022
SC 13G
Major Ownership Report
Nov 22, 2022
4
Insider Trading
Nov 22, 2022
4
Insider Trading
Nov 22, 2022
4
Insider Trading
Nov 22, 2022
4
Insider Trading
Nov 22, 2022
4
Insider Trading
Nov 17, 2022
8-K
Current Report
Nov 14, 2022
8-K
Current Report
Nov 09, 2022
8-K
Current Report

Latest Insider Trading transactions for SI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-19
Reynolds Ben
SOLD FOR TAXES
-5,029.8
24.9
-202
President
2022-11-19
Bonino John M.
SOLD FOR TAXES
-6,623.4
24.9
-266
Chief Legal Officer
2022-11-19
Martino Antonio
SOLD FOR TAXES
-10,034.7
24.9
-403
CFO
2022-11-19
Fraher Kathleen
ACQUIRED
-
-
1,203
Chief Risk Officer
2022-11-19
Bonino John M.
ACQUIRED
-
-
769
Chief Legal Officer
2022-11-19
LANE ALAN J
ACQUIRED
-
-
2,773
Chief Executive Officer
2022-11-19
Fraher Kathleen
SOLD FOR TAXES
-10,358.4
24.9
-416
Chief Risk Officer
2022-11-19
Reynolds Ben
ACQUIRED
-
-
582
President
2022-11-19
Martino Antonio
ACQUIRED
-
-
1,165
CFO
2022-11-19
LANE ALAN J
SOLD FOR TAXES
-34,237.5
24.9
-1,375
Chief Executive Officer

1–10 of 50

Alan J. Lane
280
Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products comprise one-to-four family real estate loans, multi-family real estate loans, commercial real estate loans, construction loans, commercial and industrial loans, mortgage warehouse loans, and reverse mortgage loans, as well as consumer loans and other loans secured by personal property. The company also provides cash management services for digital currency-related businesses. Silvergate Capital Corporation was founded in 1988 and is headquartered in La Jolla, California.

SI Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income    
Loans, including fees$ 20,663$ 16,972$ 61,004$ 50,727
Taxable securities47,40114,00096,16625,916
Tax-exempt securities14,4125,01442,4169,832
Other interest earning assets8,0011,75512,3944,633
Dividends and other2891951,211804
Total interest income90,76637,936213,19191,912
Interest expense    
Deposits5,221265,244107
Federal home loan bank advances and other4,39905,2650
Subordinated debentures258247753744
Total interest expense9,87827311,262851
Net interest income before provision for loan losses80,88837,663201,92991,061
Reversal of provision for loan losses(601)0(3,075)0
Net interest income after provision for loan losses81,48937,663205,00491,061
Noninterest income    
Deposit related fees7,9538,17125,72926,603
Mortgage warehouse fee income4826651,6882,372
Gain (loss) on sale of securities, net05,182(804)5,182
Loss on sale of loans, net(329)0(329)0
Other income3482483444
Total noninterest income8,45414,04227,11834,201
Noninterest expense    
Salaries and employee benefits19,63210,72951,53231,979
Occupancy and equipment8225232,4711,736
Communications and data processing3,2101,7938,9395,210
Professional services4,3142,47113,5486,782
Federal deposit insurance1,2174,2974,47410,437
Correspondent bank charges9025722,5311,881
Other loan expense5292991,595753
Other general and administrative2,5271,6556,6334,686
Total noninterest expense33,15322,33991,72363,464
Income before income taxes56,79029,366140,39961,798
Income tax expense13,4625,87431,0804,661
Net income43,32823,492109,31957,137
Dividends on preferred stock2,68808,0640
Net income available to common shareholders, basic40,64023,492101,25557,137
Net income available to common shareholders, diluted$ 40,640$ 23,492$ 101,255$ 57,137
Basic earnings per common share (USD per share)$ 1.28$ 0.89$ 3.21$ 2.29
Diluted earnings per common share (USD per share)$ 1.28$ 0.88$ 3.20$ 2.26
Weighted average common shares outstanding:    
Basic (shares)31,65526,52531,50524,927
Diluted (shares)31,80326,76631,66925,308