January 6, 2023, 12:18PM EST
• 4 min read

Analysis of Silvergate Capital's Q4'22 Pre-Earnings Announcement

Quick Take

  • Share prices slide (43%) on open after announcing Q4’22 results 
  • Shuttered warehouse lending mortgage product completely in Q4’22 
  • Reducing headcount by ~200 or 40% in response to current market conditions
  • Digital asset deposits declined to $7.3bn from $12.0bn QoQ

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