Analysis of Silvergate Capital's Q3'22 Earnings

InstitutionalOctober 18, 2022, 5:02PM EDT
UPDATED: April 24, 2023, 5:12PM EDT
Analysis of Silvergate Capital's Q3'22 Earnings
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Silvergate shares took a steep (20%) dive on earnings release following contractions in multiple KPIs, including SEN trading volumes, digital asset deposits and expanding non-interest expenses. 

Fee income declined (10%) QoQ and (2%) YoY to $7.9mm as digital asset trading volumes across the market contracted from 2021's highs. 

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