SVB FINANCIAL GROUP UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 2, 2018
SVB Financial Group
(Exact name of registrant as specified in its charter)
Delaware | 000-15637 | 91-1962278 |
(State or other jurisdiction | (Commission File Number) | (I.R.S. Employer Identification No.) |
of incorporation) |
3003 Tasman Drive, Santa Clara, CA 95054-1191
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 654-7400
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.142-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01
Regulation FD Disclosure.
Over the upcoming weeks, members of management will be presenting to or conducting one-on-one meetings with investors, analysts or other third parties about SVB Financial Group (the "Company") and its latest financial results. A copy of the presentation slides, updated with the Company's financial results for the third quarter of 2018, substantially in the form expected to be used in such presentations and meetings, is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this report and in the exhibit hereto is intended to be "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. 99.1
Description
Third Quarter 2018 Management Presentation Slides
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 2, 2018
SVB FINANCIAL GROUP
By: | /s/ KAMRAN HUSAIN |
Name: | Kamran Husain |
Title: | Chief Accounting Officer and Principal |
Accounting Officer |
Q 3 2 0 1 8 C o rp o ra te O v e rv ie w a n d F in a n c ia lR e s u lts
4 0 C o n te n ts a n d G lo s s a ry 4 2 4 3 3 8 3 9 1 4 1 5 T h e
2 S V B 2 0 1 4 4 :3
-m a tus a n d h e lde c uT Me dC o m prim aF Sa le
o fa v a ila b lee d p rim aC o m pn d sv e s tm e na la n c e s h e e tc lie nandoe s u m o fo n -b a la n c e s h e e td e p o srs o fc re dre ig ne rv ic e c h a rg e s
it sa rd s ,d e p o s
it cv e s tm e n ts ,c re d
it ne s c lie nO v e rv ie w
lt s
o k in g s ta te m e n ts a n d u s e o fC o rp o ra te a n d F in a n c ia lR e s u
l-
g a rd in g fo rw a rd
tr en
rt an Im p o
ti
fo rm a
i na n c ia lm e a s u re s
fi nQ 3 2 0 1 8 o v e rv ie w A b o u tS V B n o n -G A A P
lt ss u
fr e
018o
r 2
f
o k
tl
o k fo rP re lim in a ry 2 0 1 9 O u
tl
rm a n c e o u
rf
F in a n c ia lp e
it y
iti vte s e n s
tr ate re s
I nn s C a p ita le n v iro n m e n tR e g u la to ry
ti
ili ac o n c
r ec o m e - N o n -G A A P
I nn s a tC o re F e e
ti
ili aa g g re g a te .T h is is a n o n -G A A P m e a s u re .P le a s e s e e n o n -G A A P re c o n ce sla te dn d in gx c h a n g e a n dnrm o re in fo rm anis p re s e n taeendos T o ta lC lie n tF u n d s -
c o me S e c uix e de ld o n th e b a la n c e s h e e
8 3 Q 3 2 0 1 8
sin m ec e
if cre fe rS V B -s p e cn
it
is p re s e n tarm s a re u s e d th ro u g h o ulo w in g
f
y rit
o -t
e riti
")s
("
s ri
y ril
p ")
("
sr-
o -f
y ril
s ri
- .
u tf
n ti
b f-
s it
h it,t
o fr
o ,f
e f
o
o
o
o
o
o
o
o
n ,i
e f
e -r
e l
e .
o ti
o f
o ti
h ft
h t
e riti
n
I
F t.
h•
4 :
c tri
a rt
o t
o t
o
h t
e t
o
H
A
e t e l m
n o n -G A A P c a lc u la
ti
o
c e iv e th e e c o n o m ic b e n e
a
g a rd in g o u rp e | rm a n c e b y | ||
c o m e ,n o n -G A A P n e tg a in s o n in v e s tm e n ts e c u | n s h a ln o tc o n s | te a n o | e d a te th is p re s e n ta |
s p o n d in g G A A Pr ek e n to g e th e rw ith th e c ot aa n c ia lm e a s u re s ,w h e nfi ne s e n o n -G A A Pt ha
t hrc o s to f,w h e re We b e lie v efittr ee ly d o n ov tic
f erw h ic h w e eg in te re s tsu ta b le to n o n -c o nx c lu d in g a m o u n ts anfo rm aa b le re q u ire m e n ts .O u rm a n a g e m e n tu s e s ,a n d b e lie v e sn o to th e rw is e re q u ire d b y G A A P o ro th e ra p pan u s e d b y ma n a g e me nitfo rm ali nn a
it
ro v id in g a d dir()d ic a te di nd s .T h e s eirg a n a ly z in g fu tu re p eti nre c a s
,fa n d w h e n p la n n in glt sg re s uti na n c ia lm e a s u re s in a s s e s s in g o u ro p e rafi ne s e n o n -G A A P
,t h t
gri nm re fefitfrv e s to rs b e n eti n
t hv e s to rs a n d
,i ns a n a ly s ts
riti eu s e d b y s e c utl yquenfr ed s .W e b e lie v e th e s e m e a s u re s a rerirp e
ri
ptrm a n c e
rf
o n o fo u rp eri ste a c o m p ailit aa n c ia lm e a s u re s a ls o fa cfi n
o n -G A A Pr nro
f
te
tit un to ,n o ta s a s u b sitia n c ia lm e a s u re s s h o u ld b e c o n s id e re d in a d de s e n o n -G A A P
.H o w e v ed u sn o fc o m p a n ie s in o us in th e e v a lu ate re s te d p an ,w e h a v e o th eis p re s e n taeendon an s "s e cc o n ce "N o n -G A A Pa n c ia lm e a s u re s p re p a re d in a c c o rd a n c e w ith G A A P .U n d eirf nc o m e o ro th eit n
,n e
o rt ir
e s u p en oit
ili an ,o ra re c o n ctiis p re s e n ta
t ha n c ia lm e a s u re s u s e d infi ne n o n -G A A Pt h t
a n c ia lm e a s u re sfi n
o m p a ra b le G A A Pt ce mo s
,t ha b leli c
n s o f,w h e re a p pti
ili ac o n cr ero v id e d
.
n
ti
n fo rm o re in fo rm atith a ts e crta n c ia lm e a s u re .P le a s e re fefi ne
ft hn o
ofn li
o tr
b tri
e :(i)
o rf
e r
o ti
n i
c li
s ti
h t
o
o
p
o ,
o
o
o
o
o
o
o
o
o
on fi
h r,t
y tr
n ri
o ti
e rti
n ri
o ti
h ft
h t
o ti
o ti a ili
e r
h rt
o
h ft
o
o
o
o
p
o
o
o
o
x c e p t
, en
ti
o k in g s ta te m e n ts c o n ta in e d in th is p re s e n ta
-lte n d to re v is e o ru p d a te a n y fo rw a rdti nnanddonotin .W e a s s u m e n o o b lig atift hre m a d e o n ly a s oq u ire d b y la wssn w ith a n y s e c un in c o n n e citars oh is p re s e n tas e o fN o n -G A A P F in a n c ia lM e a s u re sc lu d in g ,b u tn o m ite d to ,n o nrm a n c ea n c ia lp ein n o n -G A A P m e a s u re s oa n c ia ld is c lo s u re s th a ta re p re s e n te d in a c c o rd a n c e w ith G A A P ,w e u s e c eirf ns ,n o n -G A A P n o n in te re s tT o s u p p le m e n to uitir es ,n o n -G A A P n o n -m a rk e ta b le a n d o th e rs e c uriti e
ti nd m e a s u re s G A A P c o re fe e in c o m e ,n o n -G A A P n o n in te re stitl e rl y
,s im ila
t
m ,a n d n o tb e c o m p a ra b lefrrm a n c e m e a s u re s m a y v a ryrfrm a n c e .T h e s e s u p p le m e n ta lp erfe
f p
s )o u id
ti
a n c ia lrafi na le x p e n s e a n d n o n -G A A Pc ria n c ia lm e a s u re is a n u m en o n -G A A PA A P .G e n e rae foa c c o rd a n c e w ith ,o ra n a lte rn aa n c ia lm e a s u re s a re n o
.N o n -G A A Pd u sc o m p a ra b le m e a s u re c a lc u la te d a n d b y o th e rc o m p a n ie s in o ue x c lu d e d in c lu d e d in th e m o s td ire cl yc lu d e s a m o u n ts th a ta re n o tn o rm air nx c lu d e s orm a n c e th a te ith ee a s u re o fa c o m p a n y 's p et.
a b le re q u ire m e n n F o rm 1 0 -Q ;a n d
li cq u ire d b y G A A P o ro th e ra p ptr en o
ti sth atri ca n c ia lm efi na n c ia lm e a s u re m a y a ls o b e afi na c c o rd a n c e w ith G A A P .A n o n -G A A Pi nre s e n te dl pro v id e m e a n in g fu ls u p p le m e n ta
),li ca n c ia lm e a s u re s (a s a p p a b lefi n
o
o
o
o
.
e r
a .
e riti
o ti
o ti
c li
o r e f
u tit
o tiT
-
tli
(ino rf
n fi
a rt
o
o
o
o
o
n fi
a , y l
r,
v ti
n ti
n fi
y tr
n ri
y tl
e r
o rf
p
a
U
G
m
ro th e rc h a n g e s in th e s ta te o fe c o n o m y m a rk e ts w h ic h w e c o n d u c tt,a n e x p e c te d im p ro v e m e nrt hn ,w e a k etirarie te
, dc te d b y th e mf e
g o rati nc
f ev e ls fa c to rs ate s o rm a rk eh a n g e s in in te re sa n s ;im p a c
o fo uh a n g e s in th e v o lu m e a n d c re d itq u asOs a n d M& A a cn d s o rc o m p a n ie s in w h ic h w e h a v e in v e s te d on s ov a lu arm a n c e o re q ue p ev e lslio s ;c h a n g e s in d e p o sa n a n d in v e s tm e n tp olronoul ys p e c ia
in e s s oe c re d itw o
o u ra s s e s s m e n toi nc tu re ;c h a n g e str ug c o s tsti nn s a s to fa c to rs im p a ctim o u re x p e c tafrn s
ti
o ri an ta s s e ts ;v ar aw ait ym e n ts o re q utr ue in sti vari vg c h a n g e s ,a s h o ld d eti n
;a c c o u nit yin e s s liq u idrt hn s u c h c re d itw otira
ri
k s w h ic h c re a te o re x a c e rb a te d e teri sn
ti
o tr a
o n c e nit cc ts o fc re df eip a te d e
ti c
o fo u rc lie n ts o ru n a ny it
.li qirig a lc h a n g e s th e m p a c to n u srl ex o
,t an d re g u la to ryc ip le s (G A A Pg PA c c e p te d A c c o u nq u ire d b y G e n e rate s rm a teun F o rm 1 0 -Kte s tA n n u a lR e p ouc lu d in gs a n d E x c h a n g e C o m m is s io nm tim e w ith S e c usfe ry o u to th e d o c u m e n ts C o m p a n yk fa c to rs th a tc o u ld c a u s e th e Wenim p o a n
itf yd 8 -K .T h e s e d o c u m e n ts c o n ta in a n d id e nilf ec e n te a rn in g s re le a s etr eu rm o si()trR e p olr y tr en Q u ati
o k in g s ta te m e n ts in c lu d e d in th is p re s e n ta
-lrw a rd n to dlf
o k in g s ta te m e n ts .A
-lrw a rd
rf
n s o ro th etim th o s e c o n ta in e d in o u rp ro je cfr
l y ri arm a te
if eto d
lt sC o m p a n y 's a c tu a lre s u
o
o
otl e
a tr
c t
o rl
y lit
c );
e iti
v tifIu f
o ti
y it
o rf
h ;t
e itl
o rtf
oe r
h rt
h ft
o
o
o
o
);
n ri
n ti
y l
e tr
a rl
o ;(i)
o rt
a rl
(i)
o
n ,i
e riti
o fr
e fil
e r
itr s a rt
o
o
o
o
o
o
o
o
o
P
a
S V B 2 0 1 4 4 :3
,"
s tim a te
,""
e lie v e
,""
ip a teti cn
,""
u eti n
o n
l,""
c ti a
o te n
t,""
re d ic
,"" p
o u ld
," w
o u ld
"c
O v e rv ie w
lt sn Q 3 2 0 1 8 C o rp o ra te a n d F in a n c ia lR e s utifo rm ati n
n
rt arm a n c F o rw a rd -L o o k in g S ta te m e n ts Im p on d b u s in e s s p ere da n c iarm a n c e
o k o n o u rc lie n ts 'p eus in th e m a rk enn s ;o p p oin g s :e c o n o m ic c o n dm o n g o th en s a b o ux p e c ta
(a n d th e c o m p o n e n ts oa n c ia lre s un dc o m e ,a n d e x p e n s e le v e lsit n
,n o n in te re sit s
epos
lit ya n g ro w th ,m ix ,y ie ld s ,c re d itq u a
,llin v e s tm e n tg a in sti ac lu d in g p o te ni-nc te d in th e s e fo rw a rdfl en s retie e x p e c ta
t he a r2 0 1 8 2 0 1 9 ,a s w e l2 0 2 0 b e y o n d .A lth o u g h w e b e lie v e th al yrs in ,a n d th e furt ein q u a
rt arc e
)f
o lt s
s ur eu c ht.
c
r en s m a y p ro v e to b e in c otin s ,a n d s u c h e x p e c tatin tb e lie fs a s w e la s s u m pr en s o n o u rc uti
o k in g s ta te m e n ts a re re a s o n a b le ,w e h a v e b a s e d th e s e e x p e c talu e to c h a n g e s in e c o n o m ic ,b u s in e s s a n d re g u la to ry fa c to rsma y ds un s a n d a c tu a le v e n ts on y o u th a ts u c h s ta te m e n ts a re ju s tp re d ic
o k in g s ta te m e n ts .We w is h to c a urw a rdm th o s e e x p re s s e d in o rim p lie d b y o u rm a n a g e m e no fr lt y
if cig nsr if erm a n c e c o u ld da n c ia lp eif nn s a n dit
o fo p e ralt sn d s .O u ra c tu a lre s u
:tr e
o k in g s ta te m e n ts in c lu d e ,a m o n g o th e rsl-n s s ta te d in fo rw a rdtim th e e x p e c tarfrif eitia n c ia lc o n dfi na n dlt sc to rs th a tc o u ld c a u s e o u ra c tu a lre s utf anrt ac lu d in g th e le v e ls Im p o
(i n
b u s in e s s o ra re s e rv e d b y u s
3
e
b
a
p
oo rf
a it,
c l,
n ;fi
o rf
o tl
o t;
e iti
u rt
o iti
h rt
a t,
o ti
e f
s lt
n fi
a ;
d ,
o
o
s
o
o
o
od , y l
a ri
e if
s lt
e r
o ti
o ti
o -l
o f s t'
o rf
o
o
o
o
o
Attachments
- Original document
- Permalink
Disclaimer
SVB Financial Group published this content on 02 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 November 2018 20:27:08 UTC
