Silvergate Capital reports Q4 adjusted EPS 48c, consensus 81c

Recorded a $0.5N reversal of provision for loan losses for Q4 vs. a $0.6M reversal of provision for 3Q22 and no provision for 4Q21. CEO Alan Lane commented, "While we are taking decisive actions to navigate the current environment, our mission has not changed. We believe in the digital asset industry, and we remain focused on providing value-added services for our core institutional customers. To that end, we are committed to maintaining a highly liquid balance sheet with a strong capital position."