Private company
Silvergate Capital Corp
American state commercial bank, incorporated in Maryland1
In its 2022 annual report the company says: “Silvergate Capital Corporation is the holding company for our wholly owned subsidiary, Silvergate Bank, which we believe is the leading provider of innovative financial infrastructure solutions and services to participants in the nascent and expanding digital currency industry.”60 It is headquartered in La Jolla, California.1
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Interest | $3.1M3 | $10.1M4 | $7.2M5 | $1.1M5 | ||
| Income before tax | $85.4M5 | |||||
| Income tax | $8.1M3 | $9.8M4 | $5.2M5 | $6.9M5 | ||
| Net income | $22.3M3 | $24.8M4 | $26.0M5 | $78.5M5 | ||
| Earnings per share | $1.353 | $1.384 | $1.395 | $2.955 | ||
| Earnings per share (diluted) | $1.313 | $1.354 | $1.365 | $2.915 | ||
| Shares (weighted, basic) | 25.6M shares5 | |||||
| Shares (weighted, diluted) | 25.9M shares5 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Cash | $797.7M3 | $674.4M3 | $133.6M4 | $3.0B5 | $5.4B5 | |
| Property, plant and equipment | $3.0M5 | |||||
| Total assets | $2.0B3 | $2.1B4 | $5.6B5 | $16.0B5 | ||
| Long-term debt | $19.5M4 | $15.8M5 | $15.8M5 | |||
| Total liabilities | $1.8B3 | $1.9B4 | $5.3B5 | $14.4B5 | ||
| Retained earnings | $193.9M5 | |||||
| Shareholders’ equity | $73.8M3 | $191.2M4 | $231.0M5 | $294.3M5 | $1.6B5 | |
| Shares outstanding | 31.6M shares5 |
Corporate structure
Silvergate Capital Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Silvergate Capital Corp
- JANE STREET GROUP, LLC Filed SC 13G/A on Silvergate Capital Corp, latest Feb 12, 2024 (2 filings since Feb 14, 2023)
- William H. Miller Iii. Filed SC 13G/A on Silvergate Capital Corp, latest May 22, 2023 (2 filings since Jan 13, 2023)
- BlackRock Filed SC 13G/A on Silvergate Capital Corp, latest Apr 6, 2023 (3 filings since Feb 8, 2022)
- GROUP ONE TRADING LLC Filed SC 13G/A on Silvergate Capital Corp, latest Mar 6, 2023 (2 filings since Feb 13, 2023)
- Citadel Securities GP LLC Filed SC 13G on Silvergate Capital Corp, latest Feb 14, 2023
- SUSQUEHANNA SECURITIES, LLC Filed SC 13G on Silvergate Capital Corp, latest Feb 14, 2023
- Block.One Filed SC 13G/A on Silvergate Capital Corp, latest Feb 10, 2023 (2 filings since Nov 23, 2022)
- Brendan Francis Blumer Filed SC 13G/A on Silvergate Capital Corp, latest Feb 10, 2023 (2 filings since Nov 23, 2022)
- VANGUARD GROUP INC Filed SC 13G/A on Silvergate Capital Corp, latest Feb 9, 2023 (2 filings since Feb 10, 2022)
- State Street Corporation Filed SC 13G on Silvergate Capital Corp, latest Feb 2, 2023
- MILLENNIUM MANAGEMENT LLC Filed SC 13G on Silvergate Capital Corp, latest Dec 21, 2022
- EJF Capital LP Filed SC 13G/A on Silvergate Capital Corp, latest Feb 11, 2022
- Silvergate Capital Corp La Jolla, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Silvergate Capital Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $9.7M5 Dec 31, 2021 | $7.8M5 Dec 31, 2020 | +24.6% |
| Accumulated depreciation | $6.7M5 Dec 31, 2021 | $5.7M5 Dec 31, 2020 | +17.1% |
| Property and equipment, net | $3.0M5 Dec 31, 2021 | $2.1M5 Dec 31, 2020 | +45.2% |
| Operating-lease assets (leased space) | $4.5M5 Dec 31, 2021 | $1.8M5 Dec 31, 2020 | +147.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $5.4B5 Dec 31, 2021 | $3.0B5 Dec 31, 2020 | +81.9% |
| Debt securities available for sale | $8.6B5 Dec 31, 2021 | $939.0M5 Dec 31, 2020 | +818.5% |
| Loans, net of allowance | $887.3M5 Dec 31, 2021 | $746.8M5 Dec 31, 2020 | +18.8% |
| Deposits held (banks) | $14.3B5 Dec 31, 2021 | $5.2B5 Dec 31, 2020 | +172.3% |
Leadership
Who has led Silvergate Capital Corp, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- PresidentBen Reynolds Nov 22, 2022 to Feb 28, 20238
- Chief financial officerAntonio Martino Nov 6, 2019 to Feb 28, 20239
- Chief operating officerKathleen Fraher Nov 6, 2019 to Apr 22, 202210
Board members and other officers (19)
- Chief Risk OfficerKathleen Fraher Nov 22, 2022 to Nov 21, 202311
- EVP & Chief HR OfficerSon-Jai Paik Jun 5, 2020 to Mar 1, 202212
- EVPBen Reynolds Nov 6, 2019 to Mar 1, 202213
- Vice chairDerek J. Eisele Nov 6, 2019 to Mar 1, 202214
- Executive VPWilliam Paul Simmons Nov 6, 2019 to Nov 21, 201915
- Board memberRebecca Rettig Mar 23, 2022 to Jun 27, 202216
- Board memberMary-Margaret Henke Sep 19, 2022 to Sep 19, 202217
- Board memberAanchal Gupta Jun 16, 2021 to Jun 12, 202318
- Board memberColleen Sullivan Jul 16, 2020 to Jul 21, 202119
- Board memberDennis S. Frank Nov 6, 2019 to Jun 13, 202220
- Board memberDerek J. Eisele Nov 6, 2019 to May 26, 202014
- Board memberKaren F. Brassfield Nov 6, 2019 to Jun 12, 202321
- Board memberMartin S. Friedman Nov 6, 2019 to Nov 21, 201922
- Board memberMichael Lempres Nov 6, 2019 to Jun 12, 202323
- Board memberPaul D. Colucci Nov 6, 2019 to Jun 12, 202324
- Board memberRobert Charles Campbell Nov 6, 2019 to Jun 13, 202225
- Board memberScott A. Reed Nov 6, 2019 to Jun 12, 202326
- Board memberThomas C. Dircks Nov 6, 2019 to Jun 12, 202327
- General counselJohn M. Bonino Nov 6, 2019 to Feb 28, 202328
Timeline
- Nov 22, 20238-K Regulation FD disclosure29
- Aug 28, 20238-K Executive or director change; Bylaws or fiscal year changed30
- Aug 15, 20238-K Executive or director change31
- Jun 1, 20238-K Other events32
- May 23, 20238-K Change of auditor33
- May 16, 20238-K Listing notice or transfer34
- May 11, 20238-K Exit or restructuring costs; Other events35
- Mar 27, 20238-K Other events36
- Mar 20, 20238-K Listing notice or transfer; Executive or director change37
- Mar 8, 20238-K Regulation FD disclosure; Other events38
- Feb 9, 20238-K Executive or director change39
- Jan 27, 20238-K Regulation FD disclosure40
Calendar
When it reported results
- Jan 17, 2023Reported quarterly or annual results41
- Oct 18, 2022Reported quarterly or annual results42
- Jul 19, 2022Reported quarterly or annual results43
- Apr 19, 2022Reported quarterly or annual results44
- Jan 18, 2022Reported quarterly or annual results45
- Oct 19, 2021Reported quarterly or annual results46
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
191 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 58 major events, 81 insider forms, 21 large holders, 26 other. The latest 20:
- Feb 12, 2024SC 13G/A EDGAR
- Jan 3, 2024EFFECT EDGAR
- Jan 3, 2024EFFECT EDGAR
- Jan 2, 202415-12G CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION EDGAR
- Dec 1, 2023POSASR POST-EFFECTIVE AMENDMENT NO. 2 EDGAR
- Dec 1, 2023POSASR POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Dec 1, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Dec 1, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Dec 1, 2023S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Dec 1, 2023S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Nov 22, 20238-K CURRENT REPORT EDGAR
- Nov 21, 20234 EDGAR
- Oct 13, 202311-K ANNUAL REPORT EDGAR
- Aug 28, 20238-K CURRENT REPORT EDGAR
- Aug 15, 20238-K CURRENT REPORT EDGAR
- Jun 30, 2023NT 11-K NOTIFICATION OF LATE FILING EDGAR
- Jun 12, 20234 EDGAR
- Jun 12, 20234 EDGAR
- Jun 12, 20234 EDGAR
- Jun 12, 20234 EDGAR
The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
18 open-market trades by officers, directors and large owners since October 2021: 1 buys and 17 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 21, 2022 | LANE ALAN JChief Executive Officer | Sale | 16,314 | $92.46 | $1.5M | Form 4 |
| Apr 22, 2022 | Fraher KathleenChief Transition Officer | Sale | 750 | $135.00 | $101.2K | Form 4 |
| Apr 21, 2022 | Fraher KathleenChief Transition Officer | Sale | 750 | $130.44 | $97.8K | Form 4 |
| Feb 22, 2022 | Brassfield Karen F.Director | Sale | 3,000 | $113.34 | $340.0K | Form 4 |
| Feb 4, 2022 | Lempres MichaelDirector | Buy | 500 | $112.20 | $56.1K | Form 4 |
| Nov 19, 2021 | Fraher KathleenChief Transition Officer | Sale | 3,539 | $220.84 | $781.6K | Form 4 |
| Nov 8, 2021 | Paik Son-JaiChief Human Resource Officer | Sale | 5,000 | $219.38 | $1.1M | Form 4 |
| Nov 8, 2021 | FRANK DENNIS SDirector | Sale | 25,000 | $219.88 | $5.5M | Form 4 |
| Nov 5, 2021 | Reynolds BenPresident | Sale | 3,000 | $220.00 | $660.0K | Form 4 |
| Nov 5, 2021 | Reynolds BenPresident | Sale | 3,000 | $220.00 | $660.0K | Form 4 |
| Nov 3, 2021 | Colucci Paul D.Director | Sale | 10,601 | $204.50 | $2.2M | Form 4 |
| Nov 3, 2021 | FRANK DENNIS SDirector | Sale | 25,000 | $200.76 | $5.0M | Form 4 |
| Nov 3, 2021 | Eisele Derek J.Executive Vice President | Sale | 30,000 | $200.76 | $6.0M | Form 4 |
| Nov 1, 2021 | Reed Scott A.Director | Sale | 5,000 | $171.38 | $856.9K | Form 4 |
| Oct 25, 2021 | Reed Scott A.Director | Sale | 7,522 | $150.11 | $1.1M | Form 4 |
| Oct 25, 2021 | Eisele Derek J.Executive Vice President | Sale | 40,000 | $150.72 | $6.0M | Form 4 |
| Oct 21, 2021 | Reed Scott A.Director | Sale | 5,498 | $150.02 | $824.8K | Form 4 |
| Oct 21, 2021 | DIRCKS THOMAS CDirector | Sale | 50,000 | $150.11 | $7.5M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- JANE STREET GROUP, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 12, 202447
- William H. Miller Iii.SC 13G/A, 2 filings Jan 13, 2023 to May 22, 202348
- BlackRockSC 13G/A, 3 filings Feb 8, 2022 to Apr 6, 202349
- GROUP ONE TRADING LLCSC 13G/A, 2 filings Feb 13, 2023 to Mar 6, 202350
- Citadel Securities GP LLCSC 13G, 1 filing Feb 14, 202351
- SUSQUEHANNA SECURITIES, LLCSC 13G, 1 filing Feb 14, 202352
- Block.OneSC 13G/A, 2 filings Nov 23, 2022 to Feb 10, 202353
- Brendan Francis BlumerSC 13G/A, 2 filings Nov 23, 2022 to Feb 10, 202354
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202355
- State Street CorporationSC 13G, 1 filing Feb 2, 202356
- MILLENNIUM MANAGEMENT LLCSC 13G, 1 filing Dec 21, 202257
- EJF Capital LPSC 13G/A, 1 filing Feb 11, 202258
- Senvest Management, LLCSC 13G/A, 1 filing Feb 9, 202259
SEC filer profile
How Silvergate Capital Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSilvergate Capital Corp1
- CIK0001312109
- Filer statusLarge accelerated filer1
- Incorporated inMaryland1
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address4250 Executive Square Ste 300, La Jolla, CA 920371
- Phone(858) 362-63001
- Shares outstanding31,658,603 as of Oct 31, 20227
- Public float$2.9B as of Jun 30, 20215
- On EDGAR sinceDec 14, 20041
- Filings473 in all: 4 (213), 8-K (100), 3 (20), SC 13G (18), SC 13G/A (16), 10-Q (10), 4/A (9), 424B5 (7)1
All 42 form types
CORRESP (6), EFFECT (5), S-1/A (5), UPLOAD (5), DRSLTR (4), 10-K (3), 11-K (3), 5 (3), D (3), DEF 14A (3), DEFA14A (3), DRS/A (3), POSASR (3), 15-12G (2), 8-A12B (2), 8-K/A (2), CERT (2), POS AM (2), REGDEX (2), S-3 (2), S-3ASR (2), S-8 (2), S-8 POS (2), 25-NSE (1), 424B4 (1), DRS (1), FWP (1), NT 10-K (1), NT 10-K/A (1), NT 10-Q (1), NT 11-K (1), PRE 14A (1), REGDEX/A (1), S-1 (1)
- Latest filingsAnnual report (10-K) Feb 28, 2022
Quarterly report (10-Q) Nov 7, 2022
Proxy statement (DEF 14A) Apr 14, 2022
Latest 8-K (8-K) Nov 22, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 8SEC EDGARBen Reynolds, President
- 9
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- 11SEC EDGARKathleen Fraher, Chief Risk Officer
- 12SEC EDGARSon-Jai Paik, EVP & Chief HR Officer
- 13SEC EDGARBen Reynolds, EVP
- 14SEC EDGARDerek J. Eisele, Vice chair
- 15SEC EDGARWilliam Paul Simmons, Executive VP
- 16SEC EDGARRebecca Rettig, Board member
- 17SEC EDGARMary-Margaret Henke, Board member
- 18SEC EDGARAanchal Gupta, Board member
- 19SEC EDGARColleen Sullivan, Board member
- 20SEC EDGARDennis S. Frank, Board member
- 21SEC EDGARKaren F. Brassfield, Board member
- 22SEC EDGARMartin S. Friedman, Board member
- 23SEC EDGARMichael Lempres, Board member
- 24SEC EDGARPaul D. Colucci, Board member
- 25
- 26SEC EDGARScott A. Reed, Board member
- 27SEC EDGARThomas C. Dircks, Board member
- 28SEC EDGARJohn M. Bonino, General counsel
- 29SEC EDGARRegulation FD disclosure
- 30
- 31SEC EDGARExecutive or director change
- 32SEC EDGAROther events
- 33SEC EDGARChange of auditor
- 34SEC EDGARListing notice or transfer
- 35
- 36SEC EDGAROther events
- 37
- 38
- 39SEC EDGARExecutive or director change
- 40SEC EDGARRegulation FD disclosure
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