Svb Financial Group (SIVB) Announces $500M Stock Repurchase Program

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Go back to Svb Financial Group (SIVB) Announces $500M Stock Repurchase Program

SVB Financial Group Announces Stock Repurchase Program

November 13, 2018 4:06 PM EST

SANTA CLARA, Calif., Nov. 13, 2018 /PRNewswire/ -- SVB Financial Group ("SVB" or the "Company") (NASDAQ: SIVB) today announced that its Board of Directors has authorized a stock repurchase program that enables the Company to repurchase up to $500 million of its outstanding common stock. This program expires on November 15, 2019. 

"We are pleased that our healthy balance sheet and continued strong financial performance put us in a position to invest in our growth and maintain ample liquidity, while simultaneously being able to return capital to stockholders through a repurchase program," said... More