Silicon Valley Bank struggled to ride a high interest rate environment in the months leading up to its collapse, with deposit costs outpacing fattening interest revenues.

Interest expenses rose at an average rate of 164% between Q2 and Q4 2022, for a cumulative 1,698% increase over the year, to $719 million. Growth in interest income was slug-like in comparison, averaging 16% every quarter, for a 57% increase to $1.8 billion over the same period.