Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.4B+15.9% YoY

Gross Profit

$1.9B82.2% margin

Operating Income

$845M35.9% margin

Net Income

$653M27.7% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+13.7%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.6B

Stock-Based Comp.

$30M

Balance Sheet

Total Assets

$205.5B

Total Liabilities

$188.7B

Stockholders' Equity

$16.7B

Cash & Equivalents

$3.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.0B	+15.9%
Gross Profit	$1.9B	$2.0B	-1.8%
Operating Income	$845M	$895M	-5.6%
Net Income	$653M	$704M	-7.2%

Revenue Segments

Total interest income

$1.8B71%

Service charges on deposits

$143M6%

Wealth and asset management revenue

$141M6%

Commercial banking revenue

$134M5%

Card and processing revenue

$105M4%

Mortgage banking net revenue

$69M3%

Leasing business revenue

$60M2%

Other noninterest income

$59M2%