Silvergate Capital Corp. Stock
€0.13
Your prediction
Silvergate Capital Corp. Stock
Silvergate Capital Corp. is a publicly traded financial services company that offers innovative banking solutions to digital currency and fintech companies. Founded in 1988, the company has been a pioneer in providing banking services to the growing cryptocurrency market. Silvergate Capital Corp. operates through its subsidiary, Silvergate Bank, which offers a range of products and services such as deposit accounts, wire transfers, and digital currency lending. The company's stock is listed on the New York Stock Exchange under the ticker symbol SI.
Pros and Cons of Silvergate Capital Corp. in the next few years
Pros
Cons
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance, the financials of Silvergate Capital Corp. appear to be complex with certain concerning perspectives. The company has seen drastic changes in various financial parameters over the years. A comprehensive understanding of their financial performance is instrumental to discern the company's position in the industry.
Rising Total Assets: The total assets of Silvergate Capital Corp. have consistently increased over the years. The progression from $5.58 billion in 2020 to $11.35 billion in 2022 indicates growth in their asset base, which suggests that the company might be expanding its operations or making strategic investments.
Ample Cash Reserves: It is worth noting that the company has maintained a significant cash reserve throughout these years, boasting figures like $4.57 billion in 2022. These reserves are important for addressing short-term liabilities and executing potential business opportunities.