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style="-sec-extract:summary;margin-top:3pt;padding-left:18pt;padding-right:18pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="margin-bottom:5pt;margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.75pt"><tr><td style="width:1.0pt"></td><td style="width:97.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-top:4pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:4pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="ifd3d9e19043d4eac966c0bde28ab2262_D20210226-20210226" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGV4dHJlZ2lvbjpjMzU0OTliMjcyMDk0ZjM2ODE3ZjgyMzQ1NjNmZTcyNV8yNjQ0_039a3446-b478-4bb0-b2aa-1345c89c236d">8-K</ix:nonNumeric> </span></div><div style="margin-bottom:5pt;margin-top:9pt;text-align:center"><table 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style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:97.953%"><tr><td style="width:1.0%"></td><td style="width:2.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:94.871%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ifd3d9e19043d4eac966c0bde28ab2262_D20210226-20210226" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6NjEwNzY4ZDVlYTZlNDBlYWJhNmYwZmU1OWIwN2Y1MzUvdGFibGVyYW5nZTo2MTA3NjhkNWVhNmU0MGVhYmE2ZjBmZTU5YjA3ZjUzNV8wLTAtMS0xLTA_257804a8-902f-42a4-82ee-6cbd23dd0d56">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:97.953%"><tr><td style="width:1.0%"></td><td style="width:2.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:94.871%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ifd3d9e19043d4eac966c0bde28ab2262_D20210226-20210226" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6YTE4ZDUyZTIwMTcyNGZkMWI5MDJkNTZlYzg4MzVjYzQvdGFibGVyYW5nZTphMThkNTJlMjAxNzI0ZmQxYjkwMmQ1NmVjODgzNWNjNF8wLTAtMS0xLTA_ffd86759-8b1f-47c9-8262-881f370edc0f">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.142-12)</span></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:98.245%"><tr><td style="width:1.0%"></td><td style="width:2.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:94.883%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ifd3d9e19043d4eac966c0bde28ab2262_D20210226-20210226" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6Y2EzODEwNWQwMTBlNDI2MWE0NzU1MGRmN2RiNmE4ZTQvdGFibGVyYW5nZTpjYTM4MTA1ZDAxMGU0MjYxYTQ3NTUwZGY3ZGI2YThlNF8wLTAtMS0xLTA_9191450e-0d76-4c84-bbbf-ce600d725b81">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:97.953%"><tr><td style="width:1.0%"></td><td style="width:2.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:94.871%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ifd3d9e19043d4eac966c0bde28ab2262_D20210226-20210226" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6N2QwMzFhMzRhOTZlNGY1MzhlOTdhOWY5NDhkZGE3YzcvdGFibGVyYW5nZTo3ZDAzMWEzNGE5NmU0ZjUzOGU5N2E5Zjk0OGRkYTdjN18wLTAtMS0xLTA_b6250b33-070b-4ef0-8061-51e54b0f35a7">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). 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registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#9744;</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-bottom:17pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:38.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.430%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.402%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Title of Each Class</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Trading Symbol</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Name of Exchange on Which Registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="id30e92a3d65c4632904dd44cdd908180_D20210226-20210226" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6N2Y3MmI3OGE2NmRhNDBhYTlmMjY0ZWY2YzJlNzNiYzgvdGFibGVyYW5nZTo3ZjcyYjc4YTY2ZGE0MGFhOWYyNjRlZjZjMmU3M2JjOF8xLTAtMS0xLTA_f3297abe-7647-4a06-8b12-bd63159bbaaa">Common Stock, par value $0.001 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="id30e92a3d65c4632904dd44cdd908180_D20210226-20210226" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6N2Y3MmI3OGE2NmRhNDBhYTlmMjY0ZWY2YzJlNzNiYzgvdGFibGVyYW5nZTo3ZjcyYjc4YTY2ZGE0MGFhOWYyNjRlZjZjMmU3M2JjOF8xLTItMS0xLTA_e8606929-752c-4b1c-915e-11ab46d19127">SIVB</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="id30e92a3d65c4632904dd44cdd908180_D20210226-20210226" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6N2Y3MmI3OGE2NmRhNDBhYTlmMjY0ZWY2YzJlNzNiYzgvdGFibGVyYW5nZTo3ZjcyYjc4YTY2ZGE0MGFhOWYyNjRlZjZjMmU3M2JjOF8xLTQtMS0xLTA_055d98ff-1746-47db-87eb-4610c14ed797">The Nasdaq Stock Market LLC</ix:nonNumeric></span></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i15059885f69a417aa650069dd23e2913_D20210226-20210226" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmM2YzRmNjVmNTY4YTQ3OGI5ZTgyYzc1YjgzYTM3OTYzL3NlYzpjNmM0ZjY1ZjU2OGE0NzhiOWU4MmM3NWI4M2EzNzk2M18xL2ZyYWc6YzM1NDk5YjI3MjA5NGYzNjgxN2Y4MjM0NTYzZmU3MjUvdGFibGU6N2Y3MmI3OGE2NmRhNDBhYTlmMjY0ZWY2YzJlNzNiYzgvdGFibGVyYW5nZTo3ZjcyYjc4YTY2ZGE0MGFhOWYyNjRlZjZjMmU3M2JjOF8zLTAtMS0xLTA_d5ad951f-60f6-41d1-94bd-12849a73d09f">Depositary shares, each representing a 1/40th interest in a share of 5.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i15059885f69a417aa650069dd23e2913_D20210226-20210226" name="dei:TradingSymbol" 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style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Regulation FD Disclosure</span></td></tr></table></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Potential Fraudulent Client Activity</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">SVB Financial Group (the &#8220;Company&#8221;) recently became aware of potentially fraudulent activity conducted by a client of Silicon Valley Bank, the Company&#8217;s principal banking subsidiary, in connection with a loan transaction funded in early February 2021.  </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company is currently investigating this incident to determine its potential credit exposure, which is currently estimated to be up to $70 million, net of tax, relating to a Global Fund Banking capital call line of credit. The Company is working with the appropriate law enforcement authorities in connection with this matter and intends to pursue all available sources of recovery and other measures to mitigate the potential loss. The Company may be limited in what information it can disclose due to the ongoing investigation.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Based on its review of the potentially fraudulent activity, as well as its risk assessment review of the Global Fund Banking loan portfolio conducted in light of the incident, the Company currently believes this incident is an isolated occurrence involving a single business relationship.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Update on Expectations for Certain Investment and Warrant Gains for Q1 2021</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Based on performance through February 25, 2021, the Company is forecasting net gains on investment securities and equity warrant assets for the first quarter of 2021 in the estimated range of $230-300 million, on a pre-tax basis.  This forecast includes the results of the Company&#8217;s completed sale of all of its common shares of BigCommerce Holdings, Inc. (&#8220;BigCommerce&#8221;) as of February 16, 2021, which resulted in pre-tax gains on investment securities of approximately $43 million.  </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">It is important to note that the forecast of gains (or losses) related to our investment securities and equity warrant assets (with the exception for the realized gains on BigCommerce) are based on valuation changes and are subject to the underlying issuers&#8217; valuation, which are subject to market conditions, volatility and various other factors. The extent to which any such gains (or losses) will become actually realized (such as the realized gains on BigCommerce) is subject to a variety of factors, including, among other things, changes in prevailing market prices and timing of any actual sales of securities.  </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company is expected to announce its first quarter 2021 financial results on April 22, 2021.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">*  *  *  *</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The information contained in this Form 8-K provided under Item 7.01 is being furnished and shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Corporation under the Securities Act of 1933 or the Exchange Act, unless expressly incorporated by specific reference in such filing.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Forward-Looking Statements</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including but not limited to the Company&#8217;s expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;target,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;positions,&#8221; &#8220;prospects&#8221; or &#8220;potential,&#8221; by future conditional verbs such as &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could&#8221; or &#8220;may&#8221;, or by variations of such words or by similar </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preliminary financial information discussed above is based on information available at this time and is subject to change due to a variety of factors, including among others: (i) further developments from the potential fraud incident, and (ii) changes to the valuations of the Company&#8217;s investment securities and equity warrant assets.  </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Actual results may differ materially from current projections. </span><span style="color:#333333;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Factors that could cause the Company&#8217;s actual results to differ from those described in the forward-looking statements can be found in the Company&#8217;s reports filed with the U.S. Securities and Exchange Commission.</span></div><div style="margin-bottom:12pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.707%"><tr><td style="width:1.0%"></td><td 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style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SVB FINANCIAL GROUP</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ DANIEL BECK</span></td></tr><tr><td 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Daniel Beck </span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</span></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>
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text: sivb-20210226
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM
  8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the
  Securities Exchange Act of 1934
  Date of Report (Date of earliest event reported):
  February 26, 2021
  SVB Financial Group
  (Exact name of registrant as specified in its charter)
  Delaware
  000-15637
  91-1962278
  (State or other jurisdiction
  of incorporation)
  (Commission
  File Number)
  (I.R.S. Employer
  Identification No.)
  3003 Tasman Drive
  ,
  Santa Clara
  ,
  CA
  95054-1191
  (Address of principal executive offices) (Zip Code)
  Registrant's telephone number, including area code: (
  408
  )
  654-7400
  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
  ☐
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  ☐
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.142-12)
  ☐
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  ☐
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
  ☐
  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
  ☐
  Securities registered pursuant to Section 12(b) of the Act:
  Title of Each Class
  Trading Symbol
  Name of Exchange on Which Registered
  Common Stock, par value $0.001 per share
  SIVB
  The Nasdaq Stock Market LLC
  Depositary shares, each representing a 1/40th interest in a share of 5.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A
  SIVBP
  The Nasdaq Stock Market LLC
  Item 7.01.
  Regulation FD Disclosure
  Potential Fraudulent Client Activity
  SVB Financial Group (the "Company") recently became aware of potentially fraudulent activity conducted by a client of Silicon Valley Bank, the Company's principal banking subsidiary, in connection with a loan transaction funded in early February 2021.
  The Company is currently investigating this incident to determine its potential credit exposure, which is currently estimated to be up to $70 million, net of tax, relating to a Global Fund Banking capital call line of credit. The Company is working with the appropriate law enforcement authorities in connection with this matter and intends to pursue all available sources of recovery and other measures to mitigate the potential loss. The Company may be limited in what information it can disclose due to the ongoing investigation.
  Based on its review of the potentially fraudulent activity, as well as its risk assessment review of the Global Fund Banking loan portfolio conducted in light of the incident, the Company currently believes this incident is an isolated occurrence involving a single business relationship.
  Update on Expectations for Certain Investment and Warrant Gains for Q1 2021
  Based on performance through February 25, 2021, the Company is forecasting net gains on investment securities and equity warrant assets for the first quarter of 2021 in the estimated range of $230-300 million, on a pre-tax basis.  This forecast includes the results of the Company's completed sale of all of its common shares of BigCommerce Holdings, Inc. ("BigCommerce") as of February 16, 2021, which resulted in pre-tax gains on investment securities of approximately $43 million.
  It is important to note that the forecast of gains (or losses) related to our investment securities and equity warrant assets (with the exception for the realized gains on BigCommerce) are based on valuation changes and are subject to the underlying issuers' valuation, which are subject to market conditions, volatility and various other factors. The extent to which any such gains (or losses) will become actually realized (such as the realized gains on BigCommerce) is subject to a variety of factors, including, among other things, changes in prevailing market prices and timing of any actual sales of securities.
  The Company is expected to announce its first quarter 2021 financial results on April 22, 2021.
  *  *  *  *
  The information contained in this Form 8-K provided under Item 7.01 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Corporation under the Securities Act of 1933 or the Exchange Act, unless expressly incorporated by specific reference in such filing.
  Forward-Looking Statements
  This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including but not limited to the Company's expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could" or "may", or by variations of such words or by similar
  expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements.
  The preliminary financial information discussed above is based on information available at this time and is subject to change due to a variety of factors, including among others: (i) further developments from the potential fraud incident, and (ii) changes to the valuations of the Company's investment securities and equity warrant assets.
  Actual results may differ materially from current projections.
  Factors that could cause the Company's actual results to differ from those described in the forward-looking statements can be found in the Company's reports filed with the U.S. Securities and Exchange Commission.
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  Date: February 26, 2021
  SVB FINANCIAL GROUP
  By:
  /s/ DANIEL BECK
  Name:
  Daniel Beck
  Title:
  Chief Financial Officer