SVB Financial Group Announces Retreat In Q3 Earnings,but beats estimates

SVB Financial Group (SIVB) reported a profit for third quarter that decreased from the same period last year.

The company's earnings totaled $365 million, or $6.24 per share. This compares with $442 million, or $8.47 per share, in last year's third quarter.

Analysts had expected the company to earn $5.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SVB Financial Group earnings at a glance:

-Earnings (Q3): $365 Mln. vs. $442 Mln. last year.
-EPS (Q3): $6.24 vs. $8.47 last year.
-Analysts Estimate: $5.04

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