DBRS: SVB unchanged

DBRS said that following the 4Q11 financial results of SVB Financial Group, the ratings for the issuer & senior debt remain at BBB (high) with a positive trend.

The agency said that SVB reported net income available to common stockholders of $35.6 million for the quarter, down from $37.6 million in the previous quarter, but up from $17.5 million in 4Q10.

In DBRS' view, the SVB had a very good quarter highlighted by solid loan and deposit growth, strong warrant gains and maintenance of excellent credit quality.

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