SVB Financial shows $572,598 operating loss for January

By Sarah Lizee

Olympia, Wash., Feb. 23 – SVB Financial Group posted a $572,598 operating loss on $971,580 total income for January, according to its monthly operating reported filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

To compare, the company reported a $1.93 million operating loss on $1.04 million total income for December.

The net loss for January was $10.42 million, compared to a net loss of $22.84 million in December.

The cash balance at the end of January was $256.53 million, up from $254.06 million at the end of December.

The financial services and bank holding company is based in Santa Clara, Calif. The company filed bankruptcy on March 17, 2023 under Chapter 11 case number 23-10367.

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