SI - SI STOCK NEWS

Silvergate Capital Corporation (NYSE:SI) reported a strong third quarter for 2021, with net income of $23.5 million, or $0.88 per diluted share, up from $20.9 million in Q2 2021. The company saw a significant growth in digital currency deposits, averaging $11.2 billion, marking a 2.6% increase from the previous quarter. However, U.S. dollar transfers via the Silvergate Exchange Network fell by 32% to $162.0 billion. The company completed a $200 million depository share offering, netting $193.7 million. Noninterest expense rose by 3.8% from Q2 2021 due to higher salaries and federal insurance costs.

Silvergate Capital Corporation (NYSE:SI) will release its third quarter 2021 financial results on October 19, 2021, before the market opens. A conference call will occur at 11:00 a.m. Eastern Time the same day, accessible by calling 1-844-378-6480 (or 1-412-317-1088 internationally). A replay of the call will be available starting at 1:00 p.m. Eastern Time on the same day until November 2, 2021. Investors can also listen via webcast on the Company's investor relations website.

Siemens Government Technologies has secured a $14 million task order from the Army Corps of Engineers to upgrade cooling and ventilation systems at a facility in Hill Air Force Base, Utah. This contract is part of a multi-year procurement potentially worth $1.2 billion for Utility Monitoring and Control Systems across Department of Defense locations. Over 90% of the subcontracted work will be carried out by small businesses, highlighting SGT's commitment to diversity in its procurement process.

Silvergate Capital Corporation (NYSE: SI) announced that CEO Alan Lane, CFO Tony Martino, and CSO Ben Reynolds will participate in a fireside chat at the Barclays Global Financial Services Conference on September 14, 2021, at 3:30 p.m. ET. Interested parties can access a live webcast via the investor relations section of Silvergate's website. Silvergate is recognized as a leading provider of financial infrastructure solutions for the digital currency industry, offering a real-time payments platform known as the Silvergate Exchange Network to support the growing market.

Silvergate Capital Corporation (NYSE: SI) announced that CEO Alan Lane and Chief Strategy Officer Ben Reynolds will host a fireside chat at Canaccord Genuity’s 41st Annual Growth Conference at 1:00 p.m. ET on August 11, 2021. This event can be accessed via a live webcast on Silvergate's investor relations website. Silvergate is known for its innovative financial solutions for the digital currency sector, particularly through the Silvergate Exchange Network, designed to support real-time payments and funding for digital currency companies.

Silvergate Capital Corporation announced a public offering of 8,000,000 depositary shares, each representing a 1/40th interest in its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, aiming for gross proceeds of $200 million. The offering is slated to close on August 4, 2021. Net proceeds, approximately $194.2 million, will bolster regulatory capital for Silvergate and its subsidiary. Funds may support organic growth, strategic acquisitions, and enhance digital asset services. The depositary shares are set to be listed on NYSE under symbol 'SIPrA'.

Silvergate Capital Corporation (NYSE:SI) reported strong financial results for Q2 2021, posting a net income of $20.9 million, or $0.80 per diluted share, up from $12.7 million in Q1 2021. The Silvergate Exchange Network (SEN) facilitated a record $239.6 billion in U.S. dollar transfers, a 44% increase from Q1 2021. Digital currency customer deposits rose to $11.1 billion, a 62.4% quarter-over-quarter growth. However, total loans decreased by 8.4% compared to the previous quarter. The company completed a $300 million equity offering, generating net proceeds of $295.1 million.

Silvergate Capital Corporation (NYSE:SI) will announce its second quarter 2021 financial results on July 20, 2021, before market open. A conference call will follow at 11:00 a.m. ET. Investors can join the call by dialing 1-844-378-6480 or by accessing the webcast via the investor relations section of the Company’s website. Silvergate provides financial infrastructure solutions to the digital currency industry, focusing on real-time payment platforms like the Silvergate Exchange Network, aimed at facilitating growth and innovation in digital currency markets.

Silvergate Capital Corporation (NYSE: SI), a leading provider of financial solutions for the digital currency industry, announced participation in a fireside chat at Compass Point’s Cryptocurrency & Blockchain Day on June 24, 2021, at 12:00 p.m. ET. CEO Alan Lane, CFO Antonio Martino, and CSO Ben Reynolds will represent the company. Investors can access a live webcast through Silvergate's investor relations website, with an online replay available afterward. Silvergate's offerings, particularly the Silvergate Exchange Network, are crucial for the growth and evolution of digital currency markets.