Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.3B+14.6% YoY

Gross Profit

$2.0B59.7% margin

Operating Income

$658M20.1% margin

Net Income

$520M15.9% margin

EPS (Diluted)

$0.70

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$386M

Free Cash Flow

$321M

Stock-Based Comp.

$64M

Balance Sheet

Total Assets

$214.5B

Total Liabilities

$195.5B

Stockholders' Equity

$19.0B

Cash & Equivalents

$2.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$2.9B	+14.6%
Gross Profit	$2.0B	$2.0B	-2.1%
Operating Income	$658M	$718M	-8.4%
Net Income	$520M	$558M	-6.8%

Revenue Segments

Total interest income

$2.6B79%

Wealth and asset management revenue

$161M5%

Service charges on deposits

$151M5%

Commercial banking revenue

$143M4%

Card and processing revenue

$102M3%

Mortgage banking net revenue

$54M2%

Other noninterest income

$50M2%

Leasing business revenue

$39M1%

Securities gains (losses), net

$10M0%