Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.0B-10.5% YoY

Gross Profit

$1.3B65.5% margin

Operating Income

$244M12.2% margin

Net Income

$195M9.8% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

-6.4%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$1.4B

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$202.9B

Total Liabilities

$180.6B

Stockholders' Equity

$22.3B

Cash & Equivalents

$3.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.2B	-10.5%
Gross Profit	$1.3B	$1.8B	-25.4%
Operating Income	$244M	$577M	-57.7%
Net Income	$195M	$453M	-57.0%

Revenue Segments

Total interest income

$1.4B68%

Commercial banking revenue

$137M7%

Service charges on deposits

$122M6%

Wealth and asset management revenue

$120M6%

Mortgage banking net revenue

$99M5%

Card and processing revenue

$82M4%

Leasing business revenue

$57M3%

Securities gains (losses), net

$21M1%

Other noninterest income

$12M1%