SIVB - SVB Financial Q2 results miss estimates co cuts FY 2022 net interest income guidance
- SVB Financial press release ( NASDAQ: SIVB ): Q2 GAAP EPS of $5.60 misses by $2.08 .
- Revenue of $1.53B (+2.7% Y/Y) misses by $130M .
- Company cuts guidance for FY 2022 net interest income. Now sees a mid-forties growth for FY 2022 net interest income vs. a low fifties growth previously.
- Sees FY 2022 net interest margin of 2.15%-2.25% vs. 2.10%-2.20% previously.
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SVB Financial Q2 results miss estimates, co cuts FY 2022 net interest income guidance