SVB Financial Group (NASDAQ:SIVB) Q4 2019 Earnings Conference Call - Final Transcript
Jan 23, 2020 • 06:00 pm ET
Welcome to the SVB Financial Group Q4 2019 Earnings Call. My name is Adrian, and I'll be your operator for today's call. [Operator Instructions] Please note this conference is being recorded.
I'll now turn the call over to Meghan O'Leary, Head of Investor Relations. Meghan O'Leary, you may begin.
Thank you, Adrian, and thank you, everyone, for joining us today. Our President and CEO, Greg Becker; and our CFO, Dan Beck, are here to talk about our fourth quarter 2019 financial results and they'll be joined by other members of management for the Q&A.
Our current earnings release and summary CEO letter and slides are available on the Investor Relations section of our website at svb.com.
We'll be making forward-looking statements during this call and actual results may differ materially. We encourage you to review the disclaimer in our earnings release dealing with forward-looking information, which applies equally to statements made in this call.
In addition, some of our discussion may include references to non-GAAP financial measures. Information about those measures, including reconciliation to GAAP measures, may be found in our SEC filings and in our earnings release.
And now, I will turn the call over to our President and CEO, Greg Becker.
Great. Thanks, Meghan, and thanks, everyone, for joining us today as we review our Q4 2019 and full-year 2019 results, as well as review the outlook for 2020. We're pleased to report we had an excellent fourth quarter, earnings per share of $5.06, net income of $263 million and a healthy ROE of 17%. Our presentation and stakeholder letter details these results, and as we have started to do at the end of 2019, are going to not go through scripted remarks, but just open up the call to questions.
So with that, I'll turn it back to the operator to start the Q&A.