Q4 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.7B+38.5% YoY

Gross Profit

$2.1B75.2% margin

Operating Income

$914M33.4% margin

Net Income

$737M27.0% margin

EPS (Diluted)

$1.01

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

$2.1B

Free Cash Flow

$1.9B

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$207.5B

Total Liabilities

$190.1B

Stockholders' Equity

$17.3B

Cash & Equivalents

$3.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.7B	$2.0B	+38.5%
Gross Profit	$2.1B	$1.9B	+7.0%
Operating Income	$914M	$828M	+10.4%
Net Income	$737M	$663M	+11.2%

Revenue Segments

Total interest income

$2.1B74%

Commercial banking revenue

$159M6%

Service charges on deposits

$140M5%

Wealth and asset management revenue

$140M5%

Card and processing revenue

$102M4%

Other noninterest income

$69M2%

Mortgage banking net revenue

$63M2%

Leasing business revenue

$59M2%