RTTNews | Jan 20, 2022 04:26PM EST

16:26 Thursday, January 20, 2022 (RTTNews.com) - SVB Financial Group (SIVB) revealed a profit for fourth quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $371 million, or $6.22 per share. This compares with $388 million, or $7.40 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $6.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SVB Financial Group earnings at a glance (GAAP) :

-Earnings (Q4): $371 Mln. vs. $388 Mln. last year.-EPS (Q4): $6.22 vs. $7.40 last year.-Analyst Estimates: $6.51

Read the original article on RTTNews ( https://www.rttnews.com/3256328/svb-financial-group-bottom-line-declines-in-q4-misses-estimates.aspx)

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