SVB Financial 8K First Quarter 2012 Financial Results | SIVBQ 9 May 12

Corporate Overview and

First Quarter 2012 Financial Results

Exhibit 99.1

The presentations made at today’s meeting contain projections or other forward-

looking statements regarding management’s expectations about the future

events or the future financial performance of the Company, as well as future

economic, market and tax conditions.

Forward-looking statements are

statements that are not historical facts.

We wish to caution you that such

statements are just predictions and actual events or results may

differ materially,

due to changes in economic, business and regulatory factors and trends.

We refer you to the documents the Company files from time to time with the

Securities and Exchange Commission, specifically the Company’s latest Annual

Report on Form 10-K for the year ended December 31, 2011, which was filed on

February 28, 2012, and our latest Quarterly Report on Form 10-Q.

These

documents contain and identify important risk factors that could

cause the

Company’s actual results to differ materially from those contained in our

projections or other forward-looking statements.

All subsequent written or oral

forward-looking statements attributable to the Company or persons acting

on its

behalf are expressly qualified in their entirety by these cautionary statements. All

forward-looking statements included in this presentation are made only as of

today’s date and the Company undertakes no obligation to update such forward-

looking statements.

Safe Harbor Disclosure

SVB’s Unique Model

Strong Performance

Growth Initiatives

Outlook

Overview

A Unique Financial Services Company

Differentiated business model

•

Focus on “innovation”

markets

•

Balance sheet lender

•

Strong deposit franchise

•

Diversified revenue streams

Leader

•

Leading market share

•

More than 600 venture firm clients

•

The

bank for innovation companies

Established

(1)

•

27 U.S. and seven international offices

•

$20.8 billion in total assets

•

$35.8 billion in total client funds

(2)

(1) As of 3/31/12

(2) Total client funds includes deposits and off-balance sheet client investment funds

An Expansive Platform

Strong Q1 2012 Performance

Outstanding

loan growth

Continued strong

credit quality

overall

Lower non-

interest expense

Higher net interest

margin

Robust net

interest income

growth

Strong client

transaction

volumes

Continued deposit

growth

Positive conditions

in client markets

Total client funds

at all-time high *

*Total client funds includes deposits and off-balance sheet client investment funds.

Growth in Average Loans of 65% Since Q1 2008

Growth Drivers

•

Resilience of innovation

sector and our clients

•

Growing pervasiveness of

technology

•

Growth initiatives:

U.S. domestic

Segmentation

Private Bank

Global

•

M&A market activity among

our clients

A Diversified Loan Portfolio

Total Loan Portfolio

$7.1 Billion as of 3/31/12

Technology and Life Sciences

Portfolio Only

$4.5 Billion (62% of Total Portfolio)

Cash Flow Buyout

15%

Commercial Finance

13%

Early Stage 10%

Factoring 7%

Early-Stage Loans = $467 Million

(7% of TOTAL Loan portfolio

Note: Cleantech-related loans are reported under

hardware, software, life science and other commercial

loan categories, as applicable.

Balance Sheet

Lending

55%

Powerful Deposit Franchise

Organic Factors

•

Highly liquid clients

•

Clients performing well

•

New client acquisition

Other Factors

•

Safety of the balance sheet

(unlimited FDIC

insurance*)

•

Low rate environment

$35.8

$25.8

Billions

* For non-interest-bearing accounts through December 31, 2012

44% Annual Growth in Net Interest Income Since Q410

Solid Credit Quality Through Market Cycles

Our loss experience through multiple cycles suggests the diversity and

resilience of innovation industries results in little concentration risk.

Growing “Core”

Fee Income

Total “Core”

Fee Income

$32.4m

“Core”

is defined as fees for letters of credit, client investment fees, credit card fees, deposit services and foreign

exchange, in aggregate. Non-GAAP measures. Please see non-GAAP reconciliations at end of presentation for more

information.

Credit Cards and FX

driving growth

Diversified Growth Across the Business

Supporting Clients At All Stages

~50%

Market Share

<15%

Market Share

< 10%

Market Share

Outlook for 2012 Performance

(1)

Change estimates are for full-year 2012 results relative to 2011 full-year results; outlook is as of April 26, 2012, and may change.

(2)

“Core”

is defined as fees for deposit services, letters of credit, business credit card, client investment, and foreign exchange, in aggregate.

(3)

Non-GAAP measures. Please see non-GAAP reconciliations at end of presentation and in our most recent financial releases for more information.

Business Driver

2012 Outlook vs. 2011

(1)

Average loans

Mid-twenties % growth

Average deposits

Low-teens % growth

Net interest income

High-teens % growth

Net interest margin

Between 3.20% and 3.30%

Allowance for loan losses for total gross

performing loans/total gross performing loans

Comparable to 2011 levels of 1.23%

Net loan charge-offs

40-70

bps

average

total

gross

loans

Non-performing loans/total gross loans

Lower

than

2011

levels

0.52%

“Core”

(2)

fee income

Mid-teens % growth

Non-interest expense (excluding expense

related to non-controlling interests)

(3)

High single digit % growth

*****************

Appendix

Financial Results

•

Highlights

•

Loans

•

Credit Quality

•

Client Liquidity

•

Balance Sheet

•

Fee income

•

Sensitivity Charts

•

Capital Ratios

Venture Capital Markets

Non-GAAP Reconciliations

Financial Results

Appendix

Quarterly Highlights: Q1 2011 –

Q1 2012

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Diluted Earnings Per Share

$0.76

$1.50

(1)(2)

$0.86

$0.81

$0.78

Net Income Available to

Common Stockholders

$33.0M

$65.8M

(1)(2)

$37.6M

$35.6M

$34.8M

Average Loans

Change

$5.3B

6.1%

$5.5B

4.2%

$6.0B

8.6%

$6.4B

6.5%

$6.8B

6.4%

Average Deposits

Change

$14.7B

10.3%

$15.3B

4.1%

$15.8B

3.5%

$16.5B

4.5%

$17.0B

2.7%

Net Interest Margin

2.96%

3.13%

3.10%

3.30%

Net Interest Income

$120.3M

$130.5M

$135.5M

$140.1M

$150.9M

Non-Interest Income

$90.0M

$123.7M

(1)

$95.6M

$73.1M

$59.3M

Net Charge-Offs

(Recoveries) /Total

Average Gross Loans

(0.19%)

(3)

0.00%

(4)

(0.15%)

(5)

0.22%

(6)

0.21%

(7)

Non-Interest Expense

$117.4M

$121.0M

(2)

$127.5M

$134.7M

$132.0M

(4)

Represents net charge-offs of $30K

(5)

Represents net recoveries of $2.3M

(6)

Represents net charge-offs of $3.5M

(7)

Represents net charge-offs of $3.6M

(1)

Includes gains of $0.51/share or $22.5M (net of tax) from sales of AFS securities

(2)

Includes gains of $0.04/share or $1.9M (net of tax) from the early extinguishment of

debt and the termination of corresponding interest rate swaps

(3)

Represents net recoveries of $2.5M

Appendix –

Financial Results (Highlights)

Annual Highlights: 2008 -2011

2008

2009

2010

2011

Diluted Earnings Per Share

$2.16

$0.66

$2.24

$3.94

Net Income Available to

Common Stockholders

$73.6M

$22.7M

$95.0M

$171.9M

Average Loans

Change

$4.6B

31.5%

$4.7B

1.4%

$4.4B

-5.6%

$5.8B

31.1%

Average Deposits

Change

$4.9B

23.6%

$8.8B

79.6%

$12.0B

36.8%

$15.6B

29.4%

Average AFS Securities

$1.3B

$2.3B

$5.3B

$9.4B

Net Interest Margin

5.72%

3.73%

3.08%

Net Interest Income

$368.6M

$382.2M

$418.1M

$526.3M

Non-Interest Income

$152.4M

$97.7M

$247.5M

$382.3M

Net Charge-Offs (Recoveries)/

Total Average Gross Loans

0.87%

2.64%

0.77%

(0.02%)

Non-Interest Expense

$312.9M

$343.9M

$422.8M

$500.6M

Appendix –

Financial Results (Highlights)

Q1 2012 and FY 2011 Key Metrics Summary

INCOME STATEMENT

Q112

2011

Earnings Per Share

$0.78

$3.94

Net Income

$34.8M

$171.9M

Net Interest Income

$150.9M

$526.3M

Non-Interest Income, net of non-controlling interests

and Gains on available-for-sale securities*

$51.4M

$222.7M

Non-Interest Expense, Net of non-controlling

interests and Debt Repurchase*

$129.2M

$492.2M

AVERAGE BALANCE SHEET AND CLIENT FUNDS

Q112

2011

Assets

$20.2B

$18.7B

Loans

$6.8B

$5.8B

AFS Securities

$10.5B

$9.4B

Deposits

$17.0B

$15.6B

Long-Term Debt

$0.6B

$0.8B

Client Investment Funds (off-balance sheet)

$18.9B

$17.7B

* Non-GAAP measures. Please see non-GAAP reconciliations at end of presentation and in our most recent financial releases for more information.

Appendix –

Financial Results (Key Metrics)

CREDIT QUALITY

Q112

2011

Net Charge-offs (Recoveries)/Average Total Gross

Loans (annualized)

0.21%

(0.02%)

Gross Charge-offs/Average Total Gross Loans

(annualized)

0.41%

NPLs/Total Average Gross Loans

0.58%

0.52%

Provision for Loan Losses

$14.5M

$6.1M

Allowance for Loan Losses/Total Gross Loans

1.41%

1.28%

Allowance for loan losses for Performing Loans/Total

Performing Loans

1.16%

1.23%

YIELDS

Q112

2011

Net Interest Margin

3.30%

3.08%

Average Loan Portfolio Yield

6.47%

6.70%

Total Cost of Funds

0.17%

0.23%

Average AFS Portfolio Yield

1.87%

1.83%

AFS Portfolio Duration

2.1 years

1.8 years

Appendix –

Financial Results (Key Metrics)

Q1 2012 and FY 2011 Key Metrics Summary

Loans at an All-Time High

Appendix –

Financial Results (Loans)

A Diversified Loan Portfolio

Total Loan Portfolio

$7.1 Billion as of 3/31/12

Technology and Life Sciences

Portfolio Only

$4.5 Billion (62% of Total Portfolio)

Cash Flow Buyout

15%

Commercial Finance

13%

Early Stage 10%

Factoring 7%

Early-Stage Loans = $467 Million

(7% of TOTAL Loan portfolio

Note: Cleantech-related loans are reported under

hardware, software, life science and other commercial

loan categories, as applicable.

Appendix –

Financial Results (Loans)

Balance Sheet

Lending

55%

Loan Portfolio Evolution

Note: Cleantech-related loans are reported under hardware, software, life science and other commercial loan categories, as applicable.

Appendix –

Financial Results (Loans)

Credit Quality Has Remained Strong

Appendix –

Financial Results (Credit Quality)

Strong Client Liquidity

* Total client funds includes deposits and off-balance sheet client investment funds.

Appendix –

Financial Results (Liquidity)

A Highly Liquid Balance Sheet

(1)

As of 03/31/12.

(2)

Net of non-controlling interests, non-marketable securities were $360.2 million. Non-GAAP number. Please see non-GAAP reconciliations at end of presentation and in our most

recent financial releases for more information.

Non-Marketable

Securities

(VC Investments)

(2)

Appendix –

Financial Results (Liquidity)

“Core”

Fee Income Is Growing

Total “Core”

Fee

Income

$118.4M

“Core”

is defined as fees for letters of credit, client investment fees, credit card fees, deposit services and foreign exchange, in aggregate. Non-GAAP measures. Please see non-GAAP

reconciliations at end of presentation for more information.

Corporate Finance fees were driven by the company’s M&A unit, which was sold in 2008.

Appendix –

Financial Results (Fee Income)

Investment Securities Gains and Losses

Appendix –

Financial Results (Non-Interest Income)

* Numbers are inclusive of non-controlling interests. Gains (losses) on securities attributable to NCI not reported for these periods. Non-GAAP measures.

Please see non-GAAP reconciliations at end of presentation and in our most recent financial releases for more information.

Gains and Losses on Equity Warrants

Appendix –

Financial Results (Fee Income)

Rising Rates Will Benefit Us Significantly

We expect each 25 bps increase in the Fed Funds rate to contribute

approximately $4 –

$7 million to Net Interest Income*

* Tax-effected; estimates are based on static balance sheet and assumptions as of 3/31/12

Appendix –

Financial Results (Sensitivity)

Changes in

Fed Funds

Rate (basis

points)

Changes in

Net Interest

Income (tax

effected)

Incremental

EPS Effect

Incremental

ROE Effect

Net Interest

Margin Effect

+75

+13.7 million

$0.31

+0.6%

+0.12%

+100

+$21.6 million

$0.49

+1.0%

+0.19%

+200

+$54.1 million

$1.23

+2.4%

+0.47%

+300

+$89.2 million

$2.02

+3.9%

+0.77%

Higher Loan Balances Will Benefit Us

* Estimates

are

based

static

balance

sheet

and

assumptions

3/31/12

Appendix –Financial Results (Sensitivity)

Growth in

Overall Loan

Balances

($$)

Changes in

Net Interest

Income (tax

effected)

Incremental

EPS Effect

Incremental

ROE Effect

Net Interest

Margin

Effect

+250 million

+$9.5 million

$0.22

+0.4%

+0.08%

+500 million

+$18.9

million

$0.44

+0.9%

+0.16%

+750 million

+$28.4

million

$0.66

+1.3%

+0.25%

+1 billion

+$37.9

million

$0.87

+1.7%

+0.33%

Each $250 million increase in loan volume contributes

approximately $0.22 to EPS*

We Are Well Capitalized

Appendix –

Financial Results (Capital Ratios)

* TCE/TA and TCE/RWA are non-GAAP numbers; please refer to Non-GAAP reconciliations at end of presentation and in our most recent financial releases for more information.

We Are Well Capitalized

Appendix –

Financial Results (Capital Ratios)

(1)

All ratios, except TCE/TA and TCE/RWA are as reported in our most recent Bank Call Reports. Bank TCE/TA and TCE/RWA ratios are as reported in our most recent financial releases.

(2)

TCE/TA and TCE/RWA are non-GAAP numbers; please refer to non-GAAP reconciliations at end of presentation and in our most recent financial releases for more information.

Venture Capital Markets

Appendix –

Venture Capital Markets

Source: National Venture Capital Association

Appendix –

Venture Capital Markets

Stabilizing VC Markets

Source: National Venture Capital Association

Appendix –

Venture Capital Markets

Stabilizing VC Markets

Billions

No. of Transactions

Non-GAAP Reconciliations

Appendix –

Non-GAAP Reconciliations

Non-GAAP TCE/TA and TCE/RWA

Reconciliation

Appendix –

Non-GAAP Reconciliations

For additional non-GAAP disclosures, please refer to our latest Forms 10-Q and 10-K, as well as our quarterly earnings releases.

(Consolidated)

Non-GAAP TCE/TA and TCE/RWA

Reconciliation

Appendix –

Non-GAAP Reconciliations

For additional non-GAAP disclosures, please refer to our latest Forms 10-Q and 10-K, as well as our quarterly earnings releases.

(Bank Only)

Non-GAAP Non-Interest Income Reconciliation

Appendix –

Non-GAAP Reconciliations

For additional non-GAAP disclosures, please refer to our latest Forms 10-Q and 10-K, as well as our quarterly earnings releases.

Non-GAAP “Core”

Fee Income Reconciliation

Appendix –

Non-GAAP Reconciliations

Year ended

(Dollars

thousands)

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

GAAP noninterest income

(as reported)

$ 71,426

$ 81,393

$ 107,774

$ 117,495

$ 141,206

$ 220,969

$ 152,365

$ 97,743

$ 247,530

$ 382,332

Less: gains on investment

securities, net

(10,679)

(9,614)

5,198

4,307

2,551

46,724

(14,777)

(31,209)

93,360

195,034

Less: gains on derivative

instruments, net

11,815

20,200

3,428

6,750

17,949

23,935

18,505

(753)

9,522

38,681

Less: other noninterest

income

8,789

9,067

10,959

9,711

23,565

26,096

19,052

29,961

35,642

30,155

Non-GAAP core fee income

$ 61,501

$ 61,740

$ 88,189

$ 96,727

$ 97,141

$ 124,214

$ 129,585

$ 99,744

$ 109,006

$ 118,462

Non-GAAP “Core”

Fee Income Reconciliation

Appendix –

Non-GAAP Reconciliations

Non-GAAP Core Fee

Income

Three months ended

(Dollars

thousands)

March 31,

2009

June 30,

2009

September 30,

2009

December 31,

2009

March 31,

2010

June 30,

2010

September 30,

2010

December 31,

2010

March 31,

2011

June 30,

20011

September 30,

2011

December 31,

2011

March 31,

2011

GAAP noninterest

income (as reported)

$ (5,581)

$ 28,275

$ 34,307

$ 40,742

$ 49,273

$ 40,157

$ 86,236

$ 71,864

$ 89,954

$ 123,708

$ 95,611

$ 73,059

$ 59,293

Less: gains on

investment securities,

net

(35,045)

(6,750)

3,905

6,681

16,004

4,805

46,611

25,940

51,337

71,680

52,262

19,755

7,839

Less: gains on

derivative instruments,

net

1,814

(2,847)

(1,090)

1,370

1,982

1,326

1,257

4,957

551

13,651

9,951

14,528

5,976

Less: other noninterest

income

2,782

12,799

6,249

8,131

6,063

7,463

11,381

10,735

10,264

10,012

3,108

6,771

13,078

Non-GAAP core fee

income

$ 24,868

$ 25,073

$ 25,243

$ 24,560

$ 25,224

$ 26,563

$ 26,987

$ 30,232

$ 27,802

$ 28,365

$ 30,290

$ 32,005

$ 32,400

Non-GAAP Gains (Losses) on Investment Securities Reconciliation

Appendix –

Non-GAAP Reconciliations

For additional non-GAAP disclosures, please refer to our latest Forms 10-Q and 10-K, as well as our quarterly earnings releases.

Year ended

Three

months

ended

(Dollars

thousands)

2005

2006

2007

2008

2009

2010

2011

Q1 2012

Gains (losses) on investment

securities

$ 4,307

$ 2,551

$ 46,724

$ (14,777)

$ (31,209)

$ 93,360

$ 195,034

$ 7,839

Less: gains (losses) on investment

securities attributable to

noncontrolling interests

5,743

5,032

35,449

(8,929)

(26,638)

52,586

125,042

7,338

Gains (losses) on investments

securities, net of noncontrolling

interests

(1,436)

(2,481)

11,275

(5,848)

(4,571)

40,774

69,992

501

Less: gains on sales of certain

available-for-sale securities

24,699

37,314

Gains (losses) on investment

securities, net of noncontrolling

interests and gains on sales of

certain available-for-sale securities

$ (1,436)

$ (2,481)

$ 11,275

$ (5,848)

$ (4,571)

$ 16,075

$ 32,678

$ 501

Non-GAAP Non-Interest Expense Reconciliation

Appendix –

Non-GAAP Reconciliations

For additional non-GAAP disclosures, please refer to our latest Forms 10-Q and 10-K, as well as our quarterly earnings releases.

Year Ended

Three

months

ended

Non-GAAP operating efficiency ratio, net of noncontrolling interests

(Dollars in thousands, except ratios)

December 31

March 31,

2011

2012

GAAP noninterest expense

$ 500,628

$ 132,012

Less: amounts attributable to noncontrolling interests

$ 11,567

2,818

Less: net gain from note repurchases and termination of

corresponding interest rate swaps

$ 3,123

Non-GAAP noninterest expense, net of noncontrolling interests

$ 492,184

$ 129,194

Non-GAAP Non-Marketable Securities Reconciliation

Appendix –

Non-GAAP Reconciliations

March 31,

2012

GAAP non-marketable securities

1,021,941

Less: noncontrolling interests in non-marketable securities

661,750

Non-GAAP non-marketable securities, net of noncontrolling interests

360,191

Non-GAAP non-marketable securities, net of noncontrolling interests

(dollars in thousands)

For additional non-GAAP disclosures, please refer to our latest Forms 10-Q and 10-K, as well as our quarterly earnings releases.

*************************

SVB Financial (SIVBQ) 8-KFirst Quarter 2012 Financial Results