Q1 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$456M+10.0% YoY

Gross Profit

$321M70.3% margin

Operating Income

$87M19.1% margin

Net Income

$63M13.8% margin

EPS (Diluted)

$1.04

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

-$380M

Free Cash Flow

-$401M

Stock-Based Comp.

-$3M

Balance Sheet

Total Assets

$38.8B

Total Liabilities

$35.1B

Stockholders' Equity

$3.7B

Cash & Equivalents

$2.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$456M	$415M	+10.0%
Gross Profit	$321M	$332M	-3.4%
Operating Income	$87M	$119M	-26.6%
Net Income	$63M	$89M	-29.5%

Revenue Segments

Wealth Management

$26M37%

Asset Management Revenue

$15M22%

Service Charges on Deposit Accounts Revenue

$11M16%

Trust Revenue

$5M8%

Brokerage and Insurance Product Commissions

$5M8%

Other Deposit Related Fee Revenue

$3M5%

Card Related Fee Revenue

$2M3%

Administrative Services Revenue

$1M2%

Mortgage Broker Fees

$53,0000%