Item 2.02. Results of Operations and Financial Condition.
On October 22, 2020, SVB Financial Group (the "Company") announced its financial
results for the third quarter ended September 30, 2020. A copy of the release
and a third quarter CEO letter and financial highlights presentation are
attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are
incorporated herein by reference. The information in this report shall not be
treated as "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference into any registration
statement or other document pursuant to the Securities Act of 1933 or the
Securities Act of 1934, except as expressly stated by specific reference in such
filing.
Item 8.01. Other Events.
On October 22, 2020, the Company's Board of Directors declared a quarterly cash
dividend of $13.125 per share on the Company's 5.250% fixed-rate non-cumulative
perpetual Series A Preferred Stock, liquidation amount $1,000 per share, which
are represented by depositary shares (NASDAQ: SIVBP), each representing a
1/40th interest in a share of preferred stock. Holders of depositary shares will
receive $0.328125 per depositary share. The dividend is payable on November 16,
2020 to holders of record at the close of business on November 2, 2020.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Earnings Release, dated October 22 , 2020, announcing the Company's
financial results for the third quarter ended September 30 ,
2020
99.2 Q3 2020 CEO Letter and Financial Highlights Slides
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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