Silvergate's Q3 net income and revenue jumps 73%

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Silvergate's Q3 net income and revenue jumps 73%

2022/10/18 11:57

Crypto bank Silvergate Capital Corporation's (SI) third quarter net income attributable to shareholders and revenue both jumped 73%. The firm's quarterly net income attributable to shareholders rose to $40.6 million, or $1.28 per diluted common share, from $23.5 million, or $0.88 per diluted share, in 2021. The bank grew its customer base to 1,677 as of Sept. 30, compared to 1,305 as of September 30, 2021, the firm said on Tuesday. The Silvergate Exchange Network (SEN) handled transactions worth $112.6 billion during the third quarter.

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