Q4 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.0B+1.0% YoY

Gross Profit

$1.9B97.4% margin

Operating Income

$828M41.9% margin

Net Income

$663M33.6% margin

EPS (Diluted)

$0.90

QoQ Revenue Growth

-2.9%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$1.3B

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$211.1B

Total Liabilities

$188.9B

Stockholders' Equity

$22.2B

Cash & Equivalents

$3.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.0B	+1.0%
Gross Profit	$1.9B	$1.8B	+4.7%
Operating Income	$828M	$746M	+11.0%
Net Income	$663M	$604M	+9.8%

Revenue Segments

Total interest income

$1.3B61%

Commercial banking revenue

$172M8%

Service charges on deposits

$155M7%

Wealth and asset management revenue

$151M7%

Other noninterest income

$121M6%

Card and processing revenue

$104M5%

Leasing business revenue

$74M4%

Mortgage banking net revenue

$35M2%