SVB Financial reports $4.26 million operating income for June

By Sarah Lizee

Olympia, Wash., Aug. 1 – SVB Financial Group reported a $4.26 million operating income for June on $6.03 million of gross income/sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The net loss for the period was $233.75 million.

The company posted $208.81 million in net reorganization items.

The cash balance at the end of June was $281.03 million.

The financial services and bank holding company is based in Santa Clara, Calif. The company filed bankruptcy on March 17 under Chapter 11 case number 23-10367.

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