Q1 2025 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.1B-5.9% YoY

Gross Profit

$1.9B62.0% margin

Operating Income

$653M21.2% margin

Net Income

$515M16.7% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$1.1B

Stock-Based Comp.

$73M

Balance Sheet

Total Assets

$212.7B

Total Liabilities

$192.3B

Stockholders' Equity

$20.4B

Cash & Equivalents

$3.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.1B	$3.3B	-5.9%
Gross Profit	$1.9B	$2.0B	-2.3%
Operating Income	$653M	$658M	-0.8%
Net Income	$515M	$520M	-1.0%

Revenue Segments

Total interest income

$2.4B78%

Wealth and asset management revenue

$172M5%

Commercial payments revenue

$153M5%

Consumer banking revenue

$137M4%

Capital markets fees

$90M3%

Commercial banking revenue

$80M3%

Mortgage banking net revenue

$57M2%

Other noninterest income

$14M0%