SVB Financial Group Profit Advances 8% In Q2

(RTTNews) - SVB Financial Group (SIVB) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line rose to $92.96 million, or $1.78 per share. This was higher than $86.14 million, or $1.66 per share, in last year's second quarter.

Analysts had expected the company to earn $1.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SVB Financial Group earnings at a glance:

-Earnings (Q2): $92.96 Mln. vs. $86.14 Mln. last year. -Earnings Growth (Y-o-Y): 7.9% -EPS (Q2): $1.78 vs. $1.66 last year. -EPS Growth (Y-o-Y): 7.2% -Analysts Estimate: $1.70