Q3 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.0B-13.3% YoY

Gross Profit

$1.8B92.8% margin

Operating Income

$746M37.5% margin

Net Income

$581M29.2% margin

EPS (Diluted)

$0.78

QoQ Revenue Growth

-0.4%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

-$80M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$202.0B

Total Liabilities

$179.0B

Stockholders' Equity

$23.0B

Cash & Equivalents

$3.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.3B	-13.3%
Gross Profit	$1.8B	$1.8B	+3.8%
Operating Income	$746M	$689M	+8.3%
Net Income	$581M	$549M	+5.8%

Revenue Segments

Total interest income

$1.3B66%

Service charges on deposits

$144M7%

Wealth and asset management revenue

$132M7%

Commercial banking revenue

$125M6%

Card and processing revenue

$92M5%

Leasing business revenue

$77M4%

Mortgage banking net revenue

$76M4%

Other noninterest income

$26M1%