NEW YORK (TheStreet) -- Shares of SVB Financial(SIVB) - Get Report were jumping 7.21% to $125.27 on heavy trading volume late Friday afternoon after the company posted earnings and revenue that surpassed analysts' estimates for the 2016 third quarter.

After yesterday's closing bell, the Santa Clara, CA-based bank reported earnings of $2.12 per diluted share on revenue of $433.3 million.

Analysts surveyed by FactSet had expected earnings of $1.72 per share on revenue of $393.4 million.

Average loan balances increased 2.5% to $18.6 billion from the second quarter.

"We delivered a strong quarter on all fronts marked by healthy loan growth, stable credit quality, solid core fee income, and sizeable investment and warrant gains," CEO Greg Becker said in a statement.

"Despite the persistent impact of market uncertainty and low rates, we see similar trends going into 2017 and expect solid performance for the upcoming year," he added.

More than 1.27 million of the company's shares changed hands so far today vs. its average 30-day volume of 484,787 shares.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins.

The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SIVB

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