Q1 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.9B-3.9% YoY

Gross Profit

$1.8B92.7% margin

Operating Income

$612M32.3% margin

Net Income

$494M26.0% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.6B

Stock-Based Comp.

$79M

Balance Sheet

Total Assets

$211.5B

Total Liabilities

$191.3B

Stockholders' Equity

$20.2B

Cash & Equivalents

$3.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$2.0B	-3.9%
Gross Profit	$1.8B	$2.0B	-13.0%
Operating Income	$612M	$883M	-30.7%
Net Income	$494M	$694M	-28.8%

Revenue Segments

Total interest income

$1.3B65%

Service charges on deposits

$152M8%

Wealth and asset management revenue

$149M7%

Commercial banking revenue

$135M7%

Card and processing revenue

$97M5%

Leasing business revenue

$62M3%

Other noninterest income

$52M3%

Mortgage banking net revenue

$52M3%