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SVB Collapsed in March 2023.
The 10-K Filed in February Said Why.

Silicon Valley Bank's final annual report — filed just 27 days before its collapse — contained language that had never appeared in a prior filing, and that almost no peer bank used at the same time. FilingDrift surfaced it automatically.

PHRASE ESCALATION SCORE — 2022 → 2023 (filed Feb 24, 2023)
53.2
1.2x the control ceiling
Control ceiling: 44.0 (max across Apple, Microsoft, Walmart...)

What Changed in the Final Filing

NEW "cash burn"
score +31.09
↑ 200.0% "unrealized losses"
score +11.6
↑ 25.0% "liquidity risk"
score +3.53
NEW "investigation"
score +2.46
↑ 33.3% "interest rate risk"
score +2.14
↑ 10.3% "material adverse effect"
score +0.47
↑ 10.3% "material adverse"
score +0.37

Distress Score History

Red dashed line = control ceiling (44.0).

Why This Matters

On the day SVB filed this 10-K, 12 out of 24 analysts rated it a Buy. 11 rated it a Hold. One rated it a Sell. Forbes had just named SVB "#20 America's Best Banks."

FilingDrift scored it 53.2 — 1.2x the control ceiling. The score is deterministic — no AI opinions, no summaries, no hallucinations. The same filing always produces the same number.

Analysts read 10-Ks — but they read hundreds of them. No one has time to track which language appeared for the first time, or what escalated relative to what every peer bank was saying that year. That's what we automate. Federal Reserve OIG report (Sep 2023) →

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