Silvergate Shares Plummet 20% Amid Bearish Q3 Performance, Stablecoin Delays

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Silvergate Capital Corp (NYSE: SI) shares have plummeted 19.5% over the past five days after the crypto-focused bank reported a rather bleak Q3 performance. As of this writing, Silvergate shares are trading at around $55.3, staging a 3.5% recovery during Thursday’s early trading hours, per Nasdaq. Silvergate reported earnings per share of $1.28 for the quarter, lower than average analyst estimates of $1.46, according to Yahoo Finance. Silvergate share performance over the past month. Source: NASDAQ SEN (Silvergate Exchange Network), the company’s internal transfer network for cry ...

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