SANTA CLARA, Calif. (AP) _ SVB Financial Group (SIVB) on Thursday reported second-quarter profit of $333 million.

The Santa Clara, California-based bank said it had earnings of $5.60 per share.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $7.68 per share.

The financial services firm posted revenue of $1.64 billion in the period. Its revenue net of interest expense was $1.54 billion, which also missed Street forecasts. Six analysts surveyed by Zacks expected $1.64 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIVB at https://www.zacks.com/ap/SIVB

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News