Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.1B+5.0% YoY

Gross Profit

$1.8B85.3% margin

Operating Income

$724M34.9% margin

Net Income

$562M27.1% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$958M

Free Cash Flow

$871M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$206.8B

Total Liabilities

$187.8B

Stockholders' Equity

$19.0B

Cash & Equivalents

$3.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.1B	$2.0B	+5.0%
Gross Profit	$1.8B	$2.0B	-10.4%
Operating Income	$724M	$911M	-20.5%
Net Income	$562M	$709M	-20.7%

Revenue Segments

Total interest income

$1.5B67%

Service charges on deposits

$154M7%

Wealth and asset management revenue

$140M6%

Commercial banking revenue

$137M6%

Card and processing revenue

$105M5%

Other noninterest income

$85M4%

Leasing business revenue

$56M3%

Mortgage banking net revenue

$31M1%