SVB Financial Group Earnings Advance 34% In Q3

(RTTNews) - SVB Financial Group (SIVB) announced a profit for its third quarter that gained ground from last year.

The company said its bottom line came in at $148.6 million, or $2.79 per share. This was up from $111.1 million, or $2.12 per share, in last year's third quarter.

Analysts had expected the company to earn $2.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SVB Financial Group earnings at a glance:

-Earnings (Q3): $148.6 Mln. vs. $111.1 Mln. last year. -Earnings Growth (Y-o-Y): 33.8% -EPS (Q3): $2.79 vs. $2.12 last year. -EPS Growth (Y-o-Y): 31.6% -Analysts Estimate: $2.29