Q3 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.0B+2.2% YoY

Gross Profit

$2.0B97.0% margin

Operating Income

$895M44.0% margin

Net Income

$704M34.6% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$1.2B

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$207.7B

Total Liabilities

$185.2B

Stockholders' Equity

$22.5B

Cash & Equivalents

$3.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.0B	+2.2%
Gross Profit	$2.0B	$1.8B	+6.9%
Operating Income	$895M	$746M	+20.0%
Net Income	$704M	$581M	+21.2%

Revenue Segments

Total interest income

$1.3B61%

Service charges on deposits

$152M7%

Commercial banking revenue

$152M7%

Wealth and asset management revenue

$147M7%

Other noninterest income

$120M6%

Card and processing revenue

$102M5%

Mortgage banking net revenue

$86M4%

Leasing business revenue

$78M4%