Improved credit quality and income from venture capital and private equity investments helped SVB Financial (SIVB) in Santa Clara, Calif., more than double its first-quarter profits.

The $27.8 billion-asset company earned $91.3 million in the first quarter, up from $40.9 million during the same period in 2013. Earnings per share of $1.95 were 39 cents higher than the estimates of analysts polled by Bloomberg.

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