January 19, 2023, 4:10PM EST
• 3 min read

Analysis of Silvergate's Q4'22 Earnings

Quick Take

  • $1.0bn quarterly net loss for Q4’22 equating to a $33.16 loss per share
  • Digital asset customers fell from 1,677 at Q3’22 to 1,620 at Q4’22 end 
  • $117.1bn SEN transfers in Q4’22 compared to $112.6bn in Q3’22
  • $1.1bn SEN Leverage as of December 21, 2022, a decrease from $1.5bn at the end of Q3’22 
  • Shares traded +19.2% on market open at ~$15.73 / share before pulling back to $12.01 / share, a ~31% decline YTD

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