OverviewSuggest Edit

Silvergate Capital is a holding company operating through its wholly-owned subsidiary, Silvergate Bank. Silvergate Bank is a bank that offers financial infrastructure and payments solutions and services to participants of the digital currency industry through an API-driven technology platform. It provides businesses and residential loan producers with lending products and personalized banking services. The Bank's services include personal and business checking, savings, cash management, business, commercial and real estate loans, deposits, cryptocurrency credits, and online banking.  

TypePublic
Founded1988
HQSan Diego, CA, US
Websitesilvergatebank.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Jun 2019)209(+14%)
Job Openings18
Revenue (FY, 2020)$19.2 M(+22%)
Share Price (Sept 2021)$118.6(-1%)
Cybersecurity ratingAMore

Key People/Management at Silvergate Capital

Alan Lane

Alan Lane

Chief Executive Officer
Derek Eisele

Derek Eisele

Vice Chairman of the Board, President
Kathleen Fraher

Kathleen Fraher

Executive Vice President and Chief Operating Officer
John M. Bonino

John M. Bonino

Executive Vice President and Chief Legal Officer
W. Paul Simmons

W. Paul Simmons

Executive Vice President and Chief Credit Officer
Ben Reynolds

Ben Reynolds

Executive Vice President and Director of Corporate Development
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Silvergate Capital Office Locations

Silvergate Capital has an office in San Diego
San Diego, CA, US (HQ)
4250 Executive Square #300, La Jolla
Show all (1)

Silvergate Capital Financials and Metrics

Silvergate Capital Revenue

Silvergate Capital's revenue was reported to be $19.18 m in FY, 2020
USD

Revenue (Q1, 2021)

8.1m

Net income (Q1, 2021)

12.7m

Market capitalization (7-Sept-2021)

3.1b

Closing stock price (7-Sept-2021)

118.6

Cash (31-Mar-2021)

4.3b
Silvergate Capital's current market capitalization is $3.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

51.8m80.3m15.8m19.2m

Revenue growth, %

55%

Cost of goods sold

6.4m3.1m

Gross profit

45.4m77.2m
Half Year
USDH1, 2018H1, 2019

Revenue

3.6m49.6m

Cost of goods sold

1.7m2.7m

Gross profit

1.9m46.9m

Gross profit Margin, %

54%95%
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

2.6m4.9m5.4m8.1m

General and administrative expense

806.0k1.1m1.0m1.7m

R&D expense

1.3m1.3m1.3m1.6m

Operating expense total

2.4m2.8m2.7m3.8m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

797.7m674.4m133.6m3.0b

Accounts Receivable

664.6m

PP&E

4.1m3.7m3.3m2.1m

Total Assets

1.9b2.0b2.1b5.6b
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

341.4m160.3m166.2m199.4m4.3b

Accounts Receivable

692.0m679.4m

PP&E

3.4m3.2m3.4m3.3m1.8m

Total Assets

2.2b2.1b2.3b2.3b7.8b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

7.6m22.3m24.8m26.0m

Depreciation and Amortization

1.1m1.2m5.6m

Cash From Operating Activities

(18.2m)(3.1m)(126.9m)(479.3m)

Purchases of PP&E

(1.1m)(2.7m)(1.2m)(916.0k)
Quarterly
USDQ2, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

8.0m14.6m21.2m4.4m9.9m12.7m

Depreciation and Amortization

549.0k496.0k

Cash From Operating Activities

15.7m16.4m(56.5m)(65.2m)51.1m(20.1m)

Purchases of PP&E

(1.0m)(757.0k)(942.0k)(391.0k)(665.0k)(32.0k)
USDFY, 2017

Revenue/Employee

321.5k

Financial Leverage

25.6 x
Show all financial metrics

Silvergate Capital Operating Metrics

Silvergate Capital's Customers was reported to be 756 in Q3, 2019.
Q2, 2018FY, 2018Q2, 2019Q3, 2019

Customers

542655756

Customers (Digital Currency Exchanges)

375169

Customers (Institutional Investors)

363426468

Transactions

1.44 k19.35 k
Show all operating metrics

Silvergate Capital Acquisitions / Subsidiaries

Company NameDateDeal Size
Silvergate Bank
Silvergate Capital Trust I
Silvergate Capital Trust II
Spring Valley Lots

Silvergate Capital Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Silvergate Capital Online and Social Media Presence

Embed Graph

Silvergate Capital News and Updates

Thinking about trading options or stock in Urban Outfitters, Abercrombie & Fitch, Silvergate Capital, NVIDIA, or Walt Disney?

NEW YORK, May 26, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for URBN, ANF, SI, NVDA, and DIS. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Thinking about trading options or stock in Moderna, Virgin Galactic, Silvergate Capital, Apple, or Solaredge Technologies?

NEW YORK, May 21, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MRNA, SPCE, SI, AAPL, and SEDG. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Thinking about trading options or stock in Silvergate Capital, Tesla, Norwegian Cruise Line, Upstart, or Yeti?

NEW YORK, May 13, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SI, TSLA, NCLH, UPST, and YETI. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Digital currency exchange operator Silvergate Capital plans $300 million public stock offering

Silvergate Capital Corp. said Tuesday it has filed for a $300 million at-the-market public stock offering. Based on Monday's stock closing price of $109.01, the banking and digital currency exchange company's offering could represent about 2.75 million shares, or 12% of the shares outstanding. Silv…

Silvergate Bank Eyes Crypto-Backed Loans for Institutions

Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender.

Silvergate Bank Adds 59 Crypto Clients, But Deposits Down $123 Million in Q4

Silvergate Bank added 59 crypto clients in the fourth quarter, but its deposits from the industry shrank by $123 million.
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Silvergate Capital Frequently Asked Questions

  • When was Silvergate Capital founded?

    Silvergate Capital was founded in 1988.

  • Who are Silvergate Capital key executives?

    Silvergate Capital's key executives are Alan Lane, Derek Eisele and Kathleen Fraher.

  • How many employees does Silvergate Capital have?

    Silvergate Capital has 209 employees.

  • What is Silvergate Capital revenue?

    Latest Silvergate Capital annual revenue is $19.2 m.

  • What is Silvergate Capital revenue per employee?

    Latest Silvergate Capital revenue per employee is $91.8 k.

  • Who are Silvergate Capital competitors?

    Competitors of Silvergate Capital include TONIK, Avanti and Ziglu.

  • Where is Silvergate Capital headquarters?

    Silvergate Capital headquarters is located at 4250 Executive Square #300, La Jolla, San Diego.

  • Where are Silvergate Capital offices?

    Silvergate Capital has an office in San Diego.

  • How many offices does Silvergate Capital have?

    Silvergate Capital has 1 office.