other material
confidence high
sentiment positive
materiality 0.65
Q2 Holdings discloses minimal direct exposure to Silicon Valley Bank and Signature Bank
Q2 Holdings, Inc.
- Cash deposits at Silicon Valley Bank less than $5,000; holds no securities there.
- No cash deposits or securities at Signature Bank; Signature Bank not a Q2 customer.
- SVB was a customer but revenue from SVB was <0.5% of Q2's 2022 total revenue.
- No individual customer >4% of revenue; top 20 customers collectively <25% of total revenue.
- Actively monitoring financial services markets for impacts on customers and operations.