Private company

Silvergate Capital Corp

American state commercial bank, incorporated in Maryland. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryState Commercial Banks¹
HeadquartersLa Jolla, California¹
Incorporated inMD²
Business address4250 Executive Square Ste 300, La Jolla, Ca 92037²
Filer categoryLarge accelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income³⁴⁵$78.5M in 2021+252% since 2018

Fiscal year	2018	2019	2020	2021
Interest	$3.1M³	$10.1M⁴	$7.2M⁵	$1.1M⁵
Income before tax				$85.4M⁵
Income tax	$8.1M³	$9.8M⁴	$5.2M⁵	$6.9M⁵
Net income	$22.3M³	$24.8M⁴	$26.0M⁵	$78.5M⁵
Earnings per share	$1.35³	$1.38⁴	$1.39⁵	$2.95⁵
Earnings per share (diluted)	$1.31³	$1.35⁴	$1.36⁵	$2.91⁵
Shares (weighted, basic)				25.6M shares⁵
Shares (weighted, diluted)				25.9M shares⁵

Total assets³⁴⁵$16.0B in 2021+699% since 2018

Total liabilities³⁴⁵$14.4B in 2021+694% since 2018

Shareholders’ equity³⁴⁵$1.6B in 2021+2080% since 2017

Cash³⁴⁵$5.4B in 2021+575% since 2017

Long-term debt⁴⁵$15.8M in 2021−19% since 2019

Fiscal year	2017	2018	2019	2020	2021	2022
Cash	$797.7M³	$674.4M³	$133.6M⁴	$3.0B⁵	$5.4B⁵
Property, plant and equipment					$3.0M⁵
Total assets		$2.0B³	$2.1B⁴	$5.6B⁵	$16.0B⁵
Long-term debt			$19.5M⁴	$15.8M⁵	$15.8M⁵
Total liabilities		$1.8B³	$1.9B⁴	$5.3B⁵	$14.4B⁵
Retained earnings					$193.9M⁵
Shareholders’ equity	$73.8M³	$191.2M⁴	$231.0M⁵	$294.3M⁵	$1.6B⁵
Shares outstanding						31.6M shares⁵

Cash from operations³⁴⁵$79.8M in 2021

Capital spending³⁴⁵$1.9M in 2021−28% since 2018

Free cash flow³⁴⁵$77.8M in 2021

Share buybacks³$0 in 2019

Fiscal year	2018	2019	2020	2021
Cash from operations	-$3.1M³	-$126.9M⁴	-$479.3M⁵	$79.8M⁵
Stock-based compensation				$1.9M⁵
Capital spending	$2.7M³	$1.2M⁴	$916.0K⁵	$1.9M⁵
Free cash flow	-$5.7M	-$128.1M	-$480.2M	$77.8M
Cash from investing				-$8.0B⁵
Share buybacks	$11.4M³	$0³
Cash from financing				$10.3B⁵

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Leadership

Who has led Silvergate Capital Corp, and when. Pick a name to see everywhere that person has worked.

20202025

PresidentBen Reynolds Nov 22, 2022 to Feb 28, 2023⁸
Chief financial officerAntonio Martino Nov 6, 2019 to Feb 28, 2023⁹
Chief operating officerKathleen Fraher Nov 6, 2019 to Apr 22, 2022¹⁰

Board members and other officers (19)

Chief Risk OfficerKathleen Fraher Nov 22, 2022 to Nov 21, 2023¹¹
EVP & Chief HR OfficerSon-Jai Paik Jun 5, 2020 to Mar 1, 2022¹²
EVPBen Reynolds Nov 6, 2019 to Mar 1, 2022¹³
Vice chairDerek J. Eisele Nov 6, 2019 to Mar 1, 2022¹⁴
Executive VPWilliam Paul Simmons Nov 6, 2019 to Nov 21, 2019¹⁵
Board memberRebecca Rettig Mar 23, 2022 to Jun 27, 2022¹⁶
Board memberMary-Margaret Henke Sep 19, 2022 to Sep 19, 2022¹⁷
Board memberAanchal Gupta Jun 16, 2021 to Jun 12, 2023¹⁸
Board memberColleen Sullivan Jul 16, 2020 to Jul 21, 2021¹⁹
Board memberDennis S. Frank Nov 6, 2019 to Jun 13, 2022²⁰
Board memberDerek J. Eisele Nov 6, 2019 to May 26, 2020¹⁴
Board memberKaren F. Brassfield Nov 6, 2019 to Jun 12, 2023²¹
Board memberMartin S. Friedman Nov 6, 2019 to Nov 21, 2019²²
Board memberMichael Lempres Nov 6, 2019 to Jun 12, 2023²³
Board memberPaul D. Colucci Nov 6, 2019 to Jun 12, 2023²⁴
Board memberRobert Charles Campbell Nov 6, 2019 to Jun 13, 2022²⁵
Board memberScott A. Reed Nov 6, 2019 to Jun 12, 2023²⁶
Board memberThomas C. Dircks Nov 6, 2019 to Jun 12, 2023²⁷
General counselJohn M. Bonino Nov 6, 2019 to Feb 28, 2023²⁸

Filings

191 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 58 major events, 81 insider forms, 21 large holders, 26 other. The latest 20:

Feb 12, 2024SC 13G/A EDGAR
Jan 3, 2024EFFECT EDGAR
Jan 3, 2024EFFECT EDGAR
Jan 2, 202415-12G CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION EDGAR
Dec 1, 2023POSASR POST-EFFECTIVE AMENDMENT NO. 2 EDGAR
Dec 1, 2023POSASR POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
Dec 1, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
Dec 1, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
Dec 1, 2023S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
Dec 1, 2023S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
Nov 22, 20238-K CURRENT REPORT EDGAR
Nov 21, 20234 EDGAR
Oct 13, 202311-K ANNUAL REPORT EDGAR
Aug 28, 20238-K CURRENT REPORT EDGAR
Aug 15, 20238-K CURRENT REPORT EDGAR
Jun 30, 2023NT 11-K NOTIFICATION OF LATE FILING EDGAR
Jun 12, 20234 EDGAR
Jun 12, 20234 EDGAR
Jun 12, 20234 EDGAR
Jun 12, 20234 EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 1 buys and 17 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jul 21, 2022	LANE ALAN JChief Executive Officer	Sale	16,314	$92.46	$1.5M	Form 4
Apr 22, 2022	Fraher KathleenChief Transition Officer	Sale	750	$135.00	$101.2K	Form 4
Apr 21, 2022	Fraher KathleenChief Transition Officer	Sale	750	$130.44	$97.8K	Form 4
Feb 22, 2022	Brassfield Karen F.Director	Sale	3,000	$113.34	$340.0K	Form 4
Feb 4, 2022	Lempres MichaelDirector	Buy	500	$112.20	$56.1K	Form 4
Nov 19, 2021	Fraher KathleenChief Transition Officer	Sale	3,539	$220.84	$781.6K	Form 4
Nov 8, 2021	Paik Son-JaiChief Human Resource Officer	Sale	5,000	$219.38	$1.1M	Form 4
Nov 8, 2021	FRANK DENNIS SDirector	Sale	25,000	$219.88	$5.5M	Form 4
Nov 5, 2021	Reynolds BenPresident	Sale	3,000	$220.00	$660.0K	Form 4
Nov 5, 2021	Reynolds BenPresident	Sale	3,000	$220.00	$660.0K	Form 4
Nov 3, 2021	Colucci Paul D.Director	Sale	10,601	$204.50	$2.2M	Form 4
Nov 3, 2021	FRANK DENNIS SDirector	Sale	25,000	$200.76	$5.0M	Form 4
Nov 3, 2021	Eisele Derek J.Executive Vice President	Sale	30,000	$200.76	$6.0M	Form 4
Nov 1, 2021	Reed Scott A.Director	Sale	5,000	$171.38	$856.9K	Form 4
Oct 25, 2021	Reed Scott A.Director	Sale	7,522	$150.11	$1.1M	Form 4
Oct 25, 2021	Eisele Derek J.Executive Vice President	Sale	40,000	$150.72	$6.0M	Form 4
Oct 21, 2021	Reed Scott A.Director	Sale	5,498	$150.02	$824.8K	Form 4
Oct 21, 2021	DIRCKS THOMAS CDirector	Sale	50,000	$150.11	$7.5M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

JANE STREET GROUP, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 12, 2024²⁹
William H. Miller Iii.SC 13G/A, 2 filings Jan 13, 2023 to May 22, 2023³⁰
GROUP ONE TRADING LLCSC 13G/A, 2 filings Feb 13, 2023 to Mar 6, 2023³¹
Citadel Securities GP LLCSC 13G, 1 filing Feb 14, 2023³²
SUSQUEHANNA SECURITIES, LLCSC 13G, 1 filing Feb 14, 2023³³
Block.OneSC 13G/A, 2 filings Nov 23, 2022 to Feb 10, 2023³⁴
Brendan Francis BlumerSC 13G/A, 2 filings Nov 23, 2022 to Feb 10, 2023³⁵
VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 2023³⁶
State Street CorporationSC 13G, 1 filing Feb 2, 2023³⁷
MILLENNIUM MANAGEMENT LLCSC 13G, 1 filing Dec 21, 2022³⁸
EJF Capital LPSC 13G/A, 1 filing Feb 11, 2022³⁹
Senvest Management, LLCSC 13G/A, 1 filing Feb 9, 2022⁴⁰

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARSilvergate Capital Corp filings on SEC EDGAR
2
SEC EDGARSilvergate Capital Corp filings on SEC EDGAR
3
SEC EDGARSilvergate Capital Corp 10-K for fiscal 2018
4
SEC EDGARSilvergate Capital Corp 10-K for fiscal 2019
5
SEC EDGARSilvergate Capital Corp 10-K for fiscal 2020
6
SEC EDGARSilvergate Capital Corp 10-Q for fiscal 2022
7
SEC EDGARSilvergate Capital Corp 10-Q for fiscal 2022
8
SEC EDGARBen Reynolds, President
9
SEC EDGARAntonio Martino, Chief financial officer
10
SEC EDGARKathleen Fraher, Chief operating officer
11
SEC EDGARKathleen Fraher, Chief Risk Officer
12
SEC EDGARSon-Jai Paik, EVP & Chief HR Officer
13
SEC EDGARBen Reynolds, EVP
14
SEC EDGARDerek J. Eisele, Vice chair
15
SEC EDGARWilliam Paul Simmons, Executive VP
16
SEC EDGARRebecca Rettig, Board member
17
SEC EDGARMary-Margaret Henke, Board member
18
SEC EDGARAanchal Gupta, Board member
19
SEC EDGARColleen Sullivan, Board member
20
SEC EDGARDennis S. Frank, Board member
21
SEC EDGARKaren F. Brassfield, Board member
22
SEC EDGARMartin S. Friedman, Board member
23
SEC EDGARMichael Lempres, Board member
24
SEC EDGARPaul D. Colucci, Board member
25
SEC EDGARRobert Charles Campbell, Board member
26
SEC EDGARScott A. Reed, Board member
27
SEC EDGARThomas C. Dircks, Board member
28
SEC EDGARJohn M. Bonino, General counsel
29
SEC EDGARJANE STREET GROUP, LLC SC 13G/A on Silvergate Capital Corp
30
SEC EDGARWilliam H. Miller Iii. SC 13G/A on Silvergate Capital Corp
31
SEC EDGARGROUP ONE TRADING LLC SC 13G/A on Silvergate Capital Corp
32
SEC EDGARCitadel Securities GP LLC SC 13G on Silvergate Capital Corp
33
SEC EDGARSUSQUEHANNA SECURITIES, LLC SC 13G on Silvergate Capital Corp
34
SEC EDGARBlock.One SC 13G/A on Silvergate Capital Corp
35
SEC EDGARBrendan Francis Blumer SC 13G/A on Silvergate Capital Corp
36
SEC EDGARVANGUARD GROUP INC SC 13G/A on Silvergate Capital Corp
37
SEC EDGARState Street Corporation SC 13G on Silvergate Capital Corp
38
SEC EDGARMILLENNIUM MANAGEMENT LLC SC 13G on Silvergate Capital Corp
39
SEC EDGAREJF Capital LP SC 13G/A on Silvergate Capital Corp
40
SEC EDGARSenvest Management, LLC SC 13G/A on Silvergate Capital Corp