Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.3B+4.3% YoY

Gross Profit

$1.9B57.5% margin

Operating Income

$728M22.0% margin

Net Income

$573M17.3% margin

EPS (Diluted)

$0.78

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

$1.7B

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$214.3B

Total Liabilities

$193.5B

Stockholders' Equity

$20.8B

Cash & Equivalents

$3.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.2B	+4.3%
Gross Profit	$1.9B	$2.0B	-3.1%
Operating Income	$728M	$846M	-13.9%
Net Income	$573M	$660M	-13.2%

Revenue Segments

Total interest income

$2.7B79%

Wealth and asset management revenue

$163M5%

Commercial banking revenue

$163M5%

Service charges on deposits

$161M5%

Card and processing revenue

$106M3%

Mortgage banking net revenue

$50M1%

Leasing business revenue

$43M1%

Other noninterest income

$15M0%

Securities gains (losses), net

$10M0%