SVB Financial Group announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total interest income of $168,168,000 against $147,802,000 a year ago. Net interest income was $160,563,000 against $140,070,000 a year ago. Net interest income after provision for loan losses was $145,549,000 against $131,825,000 a year ago. Income before income tax expense was $129,188,000 against $70,174,000 a year ago. Net income available to common stockholders was $50,421,000 or $1.12 per diluted share against $35,574,000 or $0.81 per diluted share a year ago. Non-GAAP net income was $50,400,000 or $1.12 per diluted share against $35,600,000 or $0.81 per diluted share a year ago. Return on average assets (annualized) was 0.90% against 0.72% a year ago. Non-GAAP return on average assets was 0.90% against 0.72% a year ago. Return on average common company shareholders equity (annualized) was 10.99% against 8.99% a year ago. Non-GAAP return on average company stockholders' equity (annualized) was 10.99% against 8.99% a year ago.

For the year, the company reported total interest income of $648,718,000 against $565,388,000 a year ago. Net interest income was $617,864,000 against $526,277,000 a year ago. Net interest income after provision for loan losses was $573,534,000 against $520,176,000 a year ago. Income before income tax expense was $363,082,000 against $401,880,000 a year ago. Net income available to common stockholders was $175,103,000 or $3.91 per diluted share against $171,902,000 or $3.94 per diluted share a year ago. Non-GAAP net income was $169,600,000 or $3.79 per diluted share against $147,500,000 or $3.38 per diluted share a year ago. Return on average assets (annualized) was 0.82% against 0.92% a year ago. Non-GAAP return on average assets was 0.80% against 0.79% a year ago. Return on average common company shareholders equity (annualized) was 10.09% against 11.87% a year ago. Non-GAAP return on average company stockholders' equity (annualized) was 9.77% against 10.18% a year ago.

The company announced net charge-offs of $5.9 million for the fourth quarter ended December 31, 2012 compared to $3.4 million in the third quarter of 2012.