Silvergate Bank's Q1 Net Income Nearly Doubles to $24.7M

2 years ago

Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Crypto-focussed Silvergate Bank recorded nett income disposable to communal shareholders of $24.7 cardinal successful Q1 2022, astir doubling the fig from $12.7 cardinal for the corresponding 4th past year.

  • The first-quarter net per stock of $0.79 was besides an summation of implicit 40% compared to the $0.55 fig of a twelvemonth ago, the steadfast announced connected Tuesday.

  • The bank's integer currency customers besides saw growth, expanding to 1,503 successful the quarter, compared to 1,104 successful Q1 2021.

  • Silvergate handled $142.3 cardinal worthy of U.S. dollar transfers successful Q1, a 14.5% alteration compared to $166.5 cardinal successful Q1 2021.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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