Silvergate Capital Corp
Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products comprise one-to-four fa… Read more
Silvergate Capital Corp (SICPQ) - Net Assets
Latest net assets as of December 2022: $603.22 Million USD
Based on the latest financial reports, Silvergate Capital Corp (SICPQ) has net assets worth $603.22 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.36 Billion) and total liabilities ($10.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $603.22 Million |
| % of Total Assets | 5.31% |
| Annual Growth Rate | 44.68% |
| 5-Year Change | 215.42% |
| 10-Year Change | N/A |
| Growth Volatility | 168.0 |
Silvergate Capital Corp - Net Assets Trend (2016–2022)
This chart illustrates how Silvergate Capital Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Silvergate Capital Corp (2016–2022)
The table below shows the annual net assets of Silvergate Capital Corp from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $603.22 Million | -62.51% |
| 2021-12-31 | $1.61 Billion | +446.67% |
| 2020-12-31 | $294.30 Million | +27.38% |
| 2019-12-31 | $231.04 Million | +20.81% |
| 2018-12-31 | $191.25 Million | +159.14% |
| 2017-12-31 | $73.80 Million | +12.15% |
| 2016-12-31 | $65.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Silvergate Capital Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2124.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $317.00K | 0.05% |
| Other Comprehensive Income | $-199.33 Million | -33.04% |
| Other Components | $1.56 Billion | 258.12% |
| Total Equity | $603.22 Million | 100.00% |
Silvergate Capital Corp Competitors by Market Cap
The table below lists competitors of Silvergate Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eidesvik Offshore ASA
OL:EIOF
|
$11.08 Million |
|
Neptis
WAR:YAN
|
$11.09 Million |
|
Broadpeak SA
PA:ALBPK
|
$11.09 Million |
|
OverActive Media Corp
PINK:OAMCF
|
$11.09 Million |
|
Transtouch Technology
TWO:3623
|
$11.08 Million |
|
MacKenzie Realty Capital, Inc. Common Stock
OTCQX:MKZR
|
$11.08 Million |
|
Pluri Inc.
NASDAQ:PLUR
|
$11.07 Million |
|
TPBI PCL
BK:TPBI
|
$11.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Silvergate Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,608,836,000 to 603,221,000, a change of -1,005,615,000 (-62.5%).
- Net loss of 937,910,000 reduced equity.
- Other comprehensive income decreased equity by 192,407,000.
- Other factors increased equity by 124,702,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-937.91 Million | -155.48% |
| Other Comprehensive Income | $-192.41 Million | -31.9% |
| Other Changes | $124.70 Million | +20.67% |
| Total Change | $- | -62.51% |
Book Value vs Market Value Analysis
This analysis compares Silvergate Capital Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $3.53 | $0.35 | x |
| 2017-12-31 | $3.95 | $0.35 | x |
| 2018-12-31 | $10.25 | $0.35 | x |
| 2019-12-31 | $12.57 | $0.35 | x |
| 2020-12-31 | $15.35 | $0.35 | x |
| 2021-12-31 | $62.06 | $0.35 | x |
| 2022-12-31 | $19.12 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Silvergate Capital Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -155.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.05x
- • Equity Multiplier: 18.82x
- Recent ROE (-155.48%) is below the historical average (-14.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.69% | 15.69% | 0.05x | 14.92x | $454.30K |
| 2017 | 10.36% | 14.77% | 0.03x | 25.65x | $263.00K |
| 2018 | 11.68% | 27.81% | 0.04x | 10.48x | $3.21 Million |
| 2019 | 10.75% | 27.22% | 0.04x | 9.23x | $1.74 Million |
| 2020 | 8.85% | 26.61% | 0.02x | 19.00x | $-3.39 Million |
| 2021 | 4.88% | 44.71% | 0.01x | 9.95x | $-82.36 Million |
| 2022 | -155.48% | 0.00% | -0.05x | 18.82x | $-998.23 Million |
Industry Comparison
This section compares Silvergate Capital Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Silvergate Capital Corp (SICPQ) | $603.22 Million | 10.69% | 17.82x | $11.08 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |