Silvergate Capital Corporation (SICPQ) Stock Analysis
DELISTED 2026
What happened to Silvergate Capital Corporation (SICPQ) stock?
Silvergate Capital Corporation (SICPQ) no longer trades on public markets. It was delisted in March 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Silvergate Capital Corporation (SICPQ) trades at $0.3012. Silvergate Capital Corporation, operating as a bank holding company for Silvergate Bank, provides banking products and services primarily to business and individual clients in the United States. Market cap: $9.54M, Sector: Financial services.
Last analyzed: Mar 16, 2026Analyst Coverage for SICPQ: SICPQ does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SICPQ against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Silvergate Capital Corporation (SICPQ) Financial Services Profile
Silvergate Capital Corporation, a bank holding company operating Silvergate Bank, provides banking products and services with a focus on digital currency-related businesses. Currently undergoing Chapter 11 reorganization, the company faces significant challenges in a rapidly evolving financial landscape and increased regulatory scrutiny.
What Is the Investment Thesis for SICPQ?
Silvergate Capital Corporation presents a high-risk investment profile due to its Chapter 11 reorganization filing in September 2024. The company's future viability hinges on the successful navigation of the bankruptcy process and the restructuring of its operations. While Silvergate previously carved a niche in providing banking services to the digital currency industry, the current market conditions and regulatory uncertainties pose significant challenges. Investors should carefully consider the potential for complete loss of investment given the company's financial distress and ongoing legal proceedings. The company's negative P/E ratio of -0.01 further underscores its current financial difficulties.
Based on FMP financials and quantitative analysis
SICPQ Key Highlights
Market capitalization of $9.54M reflects the company's distressed valuation following its Chapter 11 filing.
- Profit margin of 178.9% may be misleading due to potential accounting anomalies or one-time gains prior to the bankruptcy filing.
- Gross margin of 100.0% is not indicative of the company's overall financial health given its current reorganization status.
- Beta of 0.67 suggests lower volatility compared to the overall market, but this may not hold true during the bankruptcy proceedings.
- The company does not currently offer a dividend, reflecting its financial constraints.
Who Are SICPQ's Competitors?
SICPQ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BRBW Brunswick Bancorp | $16.00 | +0.00% | $23.6M | 49 |
| CBOF CBOA Financial, Inc. | $2.27 | -1.30% | $23.2M | 49 |
| CFIC Cornerstone Financial Corporation | $8.32 | +21.82% | $18.2M | 49 |
| CNBA Chester Bancorp, Inc. | $5.85 | +0.00% | $26.1M | 45 |
| CSKL Catskill Hudson Bancorp, Inc. | $40.15 | +0.38% | $28.4M | 45 |
| HWBK Hawthorn Bancshares, Inc. | $39.37 | -0.99% | $272M | 92 |
| ATLO Ames National Corporation | $31.28 | -2.55% | $277M | 92 |
| FRAF Franklin Financial Services Corporation | $61.85 | -2.17% | $278M | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SICPQ's Key Strengths?
Historically specialized in serving the digital currency industry.
- Established relationships with key players in the digital asset ecosystem (historically).
- High gross margin of 100.0% (potentially misleading due to bankruptcy).
- Experienced management team (prior to Chapter 11).
What Are SICPQ's Weaknesses?
Chapter 11 reorganization filing.
- Financial distress and uncertainty.
- Negative P/E ratio of -0.01.
- Dependence on the volatile digital currency market (historically).
What Could Drive SICPQ Stock Higher?
Chapter 11 reorganization process and potential restructuring of the company.
- Potential emergence from bankruptcy with a revised business plan (timeline uncertain).
- Legal proceedings related to the bankruptcy filing and potential liabilities.
What Are the Key Risks for SICPQ?
Financial-distress signal — its Altman Z-Score of -0.51 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-84.8%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Risk of complete loss of investment due to bankruptcy.
- Regulatory scrutiny and enforcement actions related to past operations.
- Uncertainty surrounding the future of the digital currency market.
- Inability to successfully restructure the company and emerge from bankruptcy.
- Further decline in the value of the company's assets.
What Are the Growth Opportunities for SICPQ?
- Restructuring and Reorganization: Successful navigation of the Chapter 11 process could provide Silvergate with an opportunity to restructure its operations, reduce its debt burden, and emerge as a leaner, more focused organization. The timeline for this process is uncertain, but a successful outcome could potentially unlock value for stakeholders. The market size for restructured financial institutions is dependent on the specific terms of the reorganization plan.
- Digital Asset Banking Services (Post-Reorganization): If Silvergate successfully reorganizes, it could potentially resume offering specialized banking services to the digital asset industry. The market for digital asset banking is projected to grow significantly in the coming years, driven by increasing adoption of cryptocurrencies and blockchain technology. However, Silvergate would face significant competition from established players and new entrants.
- Strategic Partnerships (Post-Reorganization): Silvergate could explore strategic partnerships with other financial institutions or technology companies to expand its product offerings and reach new markets. Such partnerships could provide access to new capital, technology, and expertise. The potential market size for strategic partnerships is highly variable and dependent on the specific terms of the agreements.
- Geographic Expansion (Post-Reorganization): Following a successful reorganization, Silvergate could consider expanding its geographic footprint to serve new markets. This could involve opening new branches or acquiring existing banks in strategic locations. The market size for geographic expansion is dependent on the specific regions targeted and the competitive landscape.
- Innovation in Financial Technology (Post-Reorganization): Silvergate could invest in developing new financial technology solutions to enhance its product offerings and improve its operational efficiency. This could involve leveraging blockchain technology, artificial intelligence, and other emerging technologies. The market size for fintech solutions is growing rapidly, driven by increasing demand for digital banking services.
What Threats Does SICPQ Face?
- Prolonged bankruptcy proceedings.
- Increased regulatory scrutiny of the digital currency industry.
- Intense competition from established banks and fintech companies.
- Further decline in the value of digital assets.
What Are SICPQ's Competitive Advantages?
- Specialized expertise in serving the digital currency industry (historically).
- Established relationships with key players in the digital asset ecosystem (historically).
- Proprietary technology platform for managing digital asset transactions (historically).
- Brand recognition as a leading bank for the digital currency industry (historically).
What Does SICPQ Do?
Founded in 1988 and headquartered in La Jolla, California, Silvergate Capital Corporation, through its subsidiary Silvergate Bank, has historically provided banking solutions to a diverse clientele across the United States. The company's core business revolves around traditional deposit products, including interest and noninterest-bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Silvergate also offered a range of loan products, such as real estate loans (one-to-four family, multi-family, and commercial), construction loans, commercial and industrial loans, mortgage warehouse loans, reverse mortgage loans, and consumer loans secured by personal property. A distinctive aspect of Silvergate's operations was its focus on providing cash management services for businesses involved in the digital currency space. However, on September 17, 2024, Silvergate Capital Corporation and its affiliate filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, marking a significant turning point in the company's history.
What Products and Services Does SICPQ Offer?
- Accepts deposits, including interest and noninterest-bearing accounts.
- Offers money market and savings accounts.
- Provides certificates of deposit accounts.
- Originates one-to-four family real estate loans.
- Provides multi-family and commercial real estate loans.
- Offers construction and industrial loans.
- Provides mortgage warehouse and reverse mortgage loans.
- Offers consumer loans secured by personal property.
How Does SICPQ Make Money?
- Generates revenue from interest earned on loans.
- Earns fees from deposit accounts and other banking services.
- Provides cash management services for digital currency-related businesses.
- Manages risk through credit analysis and loan underwriting.
What Industry Does SICPQ Operate In?
Silvergate Capital Corporation operates within the regional banking sector, which is subject to intense competition and regulatory oversight. The industry is currently undergoing a period of transformation, driven by technological advancements and evolving customer preferences. Silvergate's focus on the digital currency market differentiated it from traditional regional banks, but also exposed it to unique risks and regulatory challenges. The company's Chapter 11 filing highlights the volatility and uncertainty associated with the digital currency ecosystem and its impact on financial institutions.
Who Are SICPQ's Key Customers?
- Businesses in the digital currency industry.
- Individual clients seeking deposit and loan products.
- Commercial real estate developers.
- Mortgage brokers and lenders.
Company Profile
Silvergate Capital Corporation operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in La Jolla, US. The company is led by CEO Andrew Surry. SICPQ has traded publicly since 2019.
How Silvergate Capital Corporation Is Valued
Silvergate Capital Corporation carries a market capitalization of $9.54M, placing it in the micro-cap category.
Key Financial Metrics
Return on equity for Silvergate Capital Corporation stands at -84.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -8.3%, showing how much profit it generates from its asset base. A current ratio of 0.57 means current liabilities exceed short-term assets, a liquidity point worth watching.
Financial Health
Silvergate Capital Corporation's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -0.51 places it in the distress zone, a signal of elevated financial risk.
SICPQ Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Historically specialized in serving the digital currency industry.
- Established relationships with key players in the digital asset ecosystem (historically).
- High gross margin of 100.0% (potentially misleading due to bankruptcy).
- Experienced management team (prior to Chapter 11).
Bear Case
- Chapter 11 reorganization filing.
- Financial distress and uncertainty.
- Negative P/E ratio of -0.01.
- Dependence on the volatile digital currency market (historically).
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
SICPQ Latest News
No recent news available for SICPQ.
Leadership: Andrew Surry
Managing Director
Andrew Surry is listed as managing 300 employees at Silvergate Capital Corporation. Further details on his career history, education, and previous roles are not available in the provided data. His background and experience within the financial services industry are unknown, limiting the ability to assess his qualifications for leading the company through its current challenges.
Track Record: Due to the limited information available, it is not possible to assess Andrew Surry's track record at Silvergate Capital Corporation. Key achievements, strategic decisions, and company milestones under his leadership are unknown. The company's Chapter 11 filing occurred during his tenure, but the extent of his involvement in the events leading up to the bankruptcy is unclear.
SICPQ OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Silvergate Capital Corporation (SICPQ) does not meet the minimum financial standards or disclosure requirements for the higher tiers (OTCQX and OTCQB). Companies in this tier are often distressed, bankrupt, or have limited information available to investors. Trading on the OTC Other tier carries significant risks due to the lack of regulatory oversight and transparency compared to exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited financial disclosure and transparency.
- Low trading volume and liquidity.
- High bid-ask spreads.
- Potential for price manipulation.
- Risk of delisting and further decline in value.
- Verify the company's current legal status and bankruptcy proceedings.
- Review any available financial statements and disclosures.
- Assess the company's management team and their experience.
- Understand the risks associated with investing in OTC stocks.
- Consult with a qualified financial advisor.
- Monitor trading volume and price activity closely.
- Be prepared for potential losses.
- Historical operations as a bank holding company.
- Previous listing on a major exchange (prior to delisting).
- Existence of a management team (though effectiveness is uncertain).
- Prior regulatory oversight (before Chapter 11 filing).
Common Questions About SICPQ (Financial Services)
What happened to Silvergate Capital Corporation (SICPQ) stock?
Silvergate Capital Corporation (SICPQ) no longer trades on public markets. It was delisted in March 2026. The figures below are historical and are not a current quote.
Can I still buy SICPQ shares?
No. SICPQ stopped trading on public markets in March 2026, so the shares are not available through a broker. Anything you see quoted for SICPQ elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before SICPQ stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Silvergate Capital Corporation. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Silvergate Capital Corporation do?
Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank, providing banking products and services to businesses and individuals, with a historical focus on the digital currency industry. The company accepts deposits, offers loans, and provides cash management services. However, Silvergate filed for Chapter 11 reorganization in September 2024, which significantly impacts its current operations and future prospects.
What do analysts say about SICPQ stock?
Given Silvergate Capital Corporation's Chapter 11 filing and OTC listing, traditional analyst coverage is likely limited or non-existent. Key valuation metrics such as price targets and earnings estimates are unlikely to be available. Investors should focus on monitoring the bankruptcy proceedings and assessing the potential for recovery based on the company's reorganization plan.
What are the main risks for SICPQ?
The primary risk for Silvergate Capital Corporation is the potential for complete loss of investment due to its Chapter 11 reorganization. The company's financial distress and the uncertainty surrounding the bankruptcy proceedings pose significant challenges. Other risks include regulatory scrutiny, potential liabilities, and the volatility of the digital currency market. Investors should carefully consider these risks before investing in SICPQ, as the outcome of the bankruptcy is highly uncertain.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on limited data available due to the company's bankruptcy status.
- Financial metrics may not be indicative of future performance.
- OTC market data may be unreliable.