Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.0B-1.1% YoY

Gross Profit

$2.0B100.0% margin

Operating Income

$911M46.1% margin

Net Income

$709M35.9% margin

EPS (Diluted)

$0.94

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$489M

Free Cash Flow

$400M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$205.4B

Total Liabilities

$182.5B

Stockholders' Equity

$22.9B

Cash & Equivalents

$3.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.0B	-1.1%
Gross Profit	$2.0B	$1.3B	+50.9%
Operating Income	$911M	$244M	+273.4%
Net Income	$709M	$195M	+263.6%

Revenue Segments

Total interest income

$1.3B64%

Commercial banking revenue

$160M8%

Service charges on deposits

$149M7%

Wealth and asset management revenue

$145M7%

Card and processing revenue

$102M5%

Mortgage banking net revenue

$64M3%

Leasing business revenue

$61M3%

Other noninterest income

$49M2%

Securities gains (losses), net

$10M0%

Securities (losses) gains, net

$1M0%