Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.0B-7.5% YoY

Gross Profit

$2.0B102.4% margin

Operating Income

$883M44.8% margin

Net Income

$694M35.2% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

-$366M

Free Cash Flow

-$426M

Stock-Based Comp.

$55M

Balance Sheet

Total Assets

$206.9B

Total Liabilities

$184.3B

Stockholders' Equity

$22.6B

Cash & Equivalents

$3.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.1B	-7.5%
Gross Profit	$2.0B	$1.2B	+68.8%
Operating Income	$883M	$60M	+1371.7%
Net Income	$694M	$46M	+1408.7%

Revenue Segments

Total interest income

$1.3B63%

Commercial banking revenue

$153M7%

Service charges on deposits

$144M7%

Wealth and asset management revenue

$143M7%

Card and processing revenue

$94M5%

Leasing business revenue

$87M4%

Mortgage banking net revenue

$85M4%

Other noninterest income

$42M2%

Securities gains (losses), net

$3M0%