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
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