SVB Financial Group (NASDAQ:SIVB) reports 4Q16 Profit Up 12.5%

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SVB Financial Group (NASDAQ:SIVB) reports 4Q16 Profit Up 12.5%

SVB Financial Group (SIVB)

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reported net income for the fourth quarter of $ 99.47 million or $ 1.89 per share, compared to income of $ 87.51 million or $ 1.68 per share for the year-ago quarter.
The topline results for the fourth quarter rose 10.22% to $ 296.60 million from $ 269.10 million in the same quarter last year.

Analysts polled by Thomson Reuters expected SVB Financial Group to earn $ 1.79 per share on revenue of $ 403.71 million for the fourth quarter.