Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.2B+34.7% YoY

Gross Profit

$2.0B61.9% margin

Operating Income

$846M26.7% margin

Net Income

$660M20.8% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$636M

Free Cash Flow

$519M

Stock-Based Comp.

$30M

Balance Sheet

Total Assets

$213.0B

Total Liabilities

$196.4B

Stockholders' Equity

$16.5B

Cash & Equivalents

$2.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$2.4B	+34.7%
Gross Profit	$2.0B	$1.9B	+1.4%
Operating Income	$846M	$845M	+0.1%
Net Income	$660M	$653M	+1.1%

Revenue Segments

Total interest income

$2.5B78%

Commercial banking revenue

$154M5%

Service charges on deposits

$149M5%

Wealth and asset management revenue

$145M4%

Card and processing revenue

$104M3%

Leasing business revenue

$58M2%

Mortgage banking net revenue

$57M2%

Other noninterest income

$55M2%