Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.3B+8.6% YoY

Gross Profit

$1.9B59.2% margin

Operating Income

$764M23.4% margin

Net Income

$601M18.4% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

-0.3%

Cash Flow

Operating Cash Flow

$679M

Free Cash Flow

$588M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$213.3B

Total Liabilities

$194.0B

Stockholders' Equity

$19.2B

Cash & Equivalents

$2.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.0B	+8.6%
Gross Profit	$1.9B	$1.9B	+0.9%
Operating Income	$764M	$775M	-1.4%
Net Income	$601M	$601M	+0.0%

Revenue Segments

Total interest income

$2.6B79%

Wealth and asset management revenue

$159M5%

Service charges on deposits

$156M5%

Commercial banking revenue

$144M4%

Card and processing revenue

$108M3%

Mortgage banking net revenue

$50M2%

Leasing business revenue

$38M1%

Other noninterest income

$37M1%

Securities gains (losses), net

$3M0%