Silvergate Capital Corporation Announces First Quarter 2021 Results
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Silvergate Capital (SI) Tops Q1 EPS by 3c
April 20, 2021 6:26 AM EDTSilvergate Capital (NYSE: SI) reported Q1 EPS of $0.55, $0.03 better than the analyst estimate of $0.52.
First Quarter 2021 Highlights
Net income for the quarter was $12.7 million, or $0.55 per diluted share, compared to net income of $9.1 million, or $0.47 per diluted share, for the fourth quarter of 2020, and net income of $4.4 million, or $0.23 per diluted share, for the first quarter of 2020The Silvergate Exchange Network (SEN) handled 166,772 transactions in the first quarter of 2021, an increase of 84%, compared to 90,763 transactions in the fourth quarter of 2020, and an increase of 431% compared to 31,405 transactions in the first quarter... More