Crazy Deposit Growth Masked an Unbelievable Quarter for Silvergate Capital
alphanewsstream
2021-05-11 11:45
Crazy Deposit Growth Masked an Unbelievable Quarter for Silvergate Capital
The huge deposit growth ballooned the balance sheet, while the bank also raised equity in the quarter. Both events dampened some key profitability metrics.The crypto bank Silvergate Capital (NYSE: SI) had a remarkable run in 2020, generating strong earnings and huge stock price appreciation as ...

https://www.fool.com/investing/2021/05/11/crazy-deposit-growth-silvergate-capital-quarter/?source=iedfolrf0000001

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