WASHINGTON (dpa-AFX) - SVB Financial Group (SIVB) announced earnings for its first quarter that increased from the same period last year.
The company's bottom line totaled $532.2 million, or $10.03 per share. This compares with $132.3 million, or $2.55 per share, in last year's first quarter.
Analysts had expected the company to earn $6.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
SVB Financial Group earnings at a glance:
-Earnings (Q1): $532.2 Mln. vs. $132.3 Mln. last year. -EPS (Q1): $10.03 vs. $2.55 last year. -Analysts Estimate: $6.47
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