Financial Data and Key Metrics - Adjusted earnings per share for Q3 2024 were 4587,reflectingstrongfinancialperformance[3]−Netinterestmargin(NIM)was353646 million sequentially, driven by a 21billionreductioninSVBCommercialloans,partiallyoffsetbygrowthinGeneralandCommercialBanksegments[13]−SVBCommercialdepositsgrewmodestlyby54 million, demonstrating stability in the innovation economy [14] - General Bank deposits grew by 0 3% or 495million,drivenbybranchnetworkgrowth[14]−Railsegmentprofitabilityremainedstrong,withincreasedrailcaradditionsandsolidre−pricingtrends[8]MarketPerformance−SVBCommercialloanpipelineremainedstrongatapproximately8 billion, despite a decline in period-end balances [13] - General Bank and Commercial Bank segments saw mid and upper single-digit annualized percentage growth in loans, respectively [4] - Direct bank deposits decreased by 165millionasthecompanyallowedexpiringtimedepositstorunoff[14]StrategicDirectionandIndustryCompetition−Thecompanycontinuestofocusonriskmanagementandregulatoryreadiness,withsignificantinvestmentsinriskorganizationandtechnologycapabilities[9]−SVB′scompetitiveadvantageintheinnovationeconomyismaintainedthroughuniqueproducts,anadaptiveapproach,anddeepinstitutionalknowledge[14]−ThecompanyexpectstomanageCET1capitalratiotowardsthe1057 1 billion to 72billion,reflectingtheimpactofratecuts[19]−Creditlossesareexpectedtoremainelevatedinthenearterm,particularlyinthegeneralofficeandinvestor−dependentportfolios[21]OtherKeyInformation−Thecompanyrepurchased361969 4 million [6] - Adjusted noninterest income is expected to be in the range of 189billionto1 91 billion for the full year, driven by rail segment performance and wealth management income [22] - Adjusted noninterest expense is expected to remain flat in Q4, with full-year guidance of 476billionto4 79 billion [23] Q&A Session Summary Question: SVB Loan and Deposit Growth Outlook - Management expects loan and deposit growth at SVB to recover as market conditions improve, with lower rates potentially acting as a catalyst [25][26] - Average loan balances at SVB were higher in Q3, indicating positive trends despite period-end declines [26] Question: Net Interest Income and Accretion - Accretion income is expected to decline further, with Q4 accretion projected at 90million,downfrom101 million in Q3 [28] - Net interest income and NIM are expected to bottom in the second half of 2025, depending on the timing and magnitude of rate cuts [42] Question: SVB Client Acquisition and Deposit Trends - SVB continues to add new clients and sees returning clients, despite headwinds in the target markets [32] - Deposit growth at SVB was flat in Q3 due to muted venture investment activity and cash burn, but the company remains well-positioned for future growth [39][47] Question: Share Repurchase and Capital Management - The company plans to utilize the full 35billionsharerepurchaseauthorizationandmayconsideradditionalrepurchasesin2025,dependingonbalancesheetgrowthandearnings[34][50]Question:AssetSensitivityandLiquidity−Thecompanyhastakenstepstomanageassetsensitivity,includingmoderatingactionstomitigatesensitivityandsettingasideliquidityfordebtrepayment[43]−Excessliquidityof7 billion to $10 billion could be redeployed in the future, depending on deposit mix and regulatory developments [51]