Silvergate Capital Corporation

Silvergate Capital Corporation

SICPQ
Silvergate Capital CorporationUS flagOther OTC
0.30
USD
-0.06
- -
9.54MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
1.95
2.36
4.06
4.43
4.75
6.68
- -
7.13
Basic EPS, GAAP
0.38
0.41
1.2
1.38
1.39
2.95
- -
3.21
Free Cash Flow per Basic Share
1.94
-1.04
-0.31
-7.13
-25.69
3.04
- -
6.51
Dividend per Share
- -
- -
- -
- -
- -
0.12
- -
0.26
Book Value per Share
2
2.42
3.64
5.15
6.34
7.59
- -
- -
Tangible Book Value per Share
3.53
3.95
10.28
12.87
15.75
62.89
- -
- -
Basic Weighted Avg Shares
19
19
19
18
19
26
32
32
Sales/Revenue/Turnover
36
44
76
80
89
171
- -
225
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
3
6
3
- -
3
Net Income, GAAP
7
8
22
25
26
79
- -
109
Effective Tax Rate (%)
40.23
47.04
26.53
28.34
16.53
8.05
- -
22.14
Profit Margin (%)
19.34
17.36
29.54
31.21
29.34
45.95
- -
48.6
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
138
37
21
69
16
16
- -
- -
Total Equity
66
74
191
231
294
1,609
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
18.51
39.57
31.03
24.68
48.3
- -
104.3

Capital Structure

FRC

in mil. unless spec.
Jun'22
Sep'22
Dec'22
ST Debt
- -
- -
- -
LT Borrowings
816
716
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
- -
Market Capitalization
1,564
2,299
549

Working Capital

FRC

in mil. unless spec.
Jun'22
Sep'22
Dec'22
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
10,580
10,204
- -
Accounts Receivable, Net
72
79
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
108
182
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
19
21
22
26
89
2021
30
41
51
48
171
2022
59
78
88
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
0.24
0.29
0.38
0.49
1.39
2021
0.56
0.81
0.89
0.78
2.95
2022
0.79
1.14
1.28
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
- -
2021
- -
- -
- -
- -
0.12
2022
0.09
0.08
0.08
- -
- -

Company Description

APIChat
CEO
Andrew Surry
Full Time Employees
300
Sector
Financial Services
Industry
Banks - Regional
Address
4250 Executive Square La Jolla CA United States of America 92037
IPO Date
Nov 7, 2019
Business
Silvergate Capital Corporation (NASDAQ: SICPQ) is a bank holding company that, through its subsidiary Silvergate Bank, formerly provided specialized banking services tailored to the digital asset and cryptocurrency industry. The company offered a range of financial products and services, including commercial banking solutions such as demand deposit accounts, savings accounts, and money market accounts; lending products like commercial real estate loans, commercial loans, mortgage warehouse loans, and business loans; digital asset banking services including crypto asset transfers, custody, and fiat on-ramps and off-ramps; the Silvergate Exchange Network (SEN), a real-time payment platform for 24/7 transfers among digital asset customers; and treasury management services encompassing wires, ACH, foreign exchange, and account consolidation services. Its target customers primarily comprised cryptocurrency exchanges, institutional investors, technology firms, and fintech companies operating in the blockchain and digital currency sectors, with operations focused in the United States. Founded in 1988 and headquartered in San Diego, California, Silvergate significantly expanded its footprint in the crypto banking space during the 2020-2022 bull market. However, in March 2023, the company entered receivership under the Federal Deposit Insurance Corporation (FDIC) following a bank run triggered by the cryptocurrency market downturn and concerns over its exposure to Silicon Valley Bank and crypto-related losses; it delisted from Nasdaq, ceased operations, and its common stock now trades over-the-counter under the SICPQ ticker as a defunct entity with no active business, ongoing liquidation proceedings, and no recent partnerships, funding, acquisitions, or product launches reported as of early 2026.

Company News

APIChat
  • Court Approves $37.5M Cash Settlement With Silvergate Capital Corporation in Securities Fraud Class Action

  • BitGo Appoints Former Silvergate President Ben Reynolds to Lead USD Standard Stablecoin

  • Defunct Silvergate Bank's owner settles with regulators over compliance lapses

  • US SEC sues Silvergate for securities fraud

  • SEC Charges Silvergate Capital, Former CEO for Misleading Investors about Compliance Program

  • Silvergate Capital Corporation Announces Full Repayment of Silvergate Bank's Remaining Deposit Liabilities

  • Silvergate announces departures of CEO, CFO, legal chief

  • Fed orders Silvergate to complete wind-down while protecting depositors, preserving cash