Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$491M+7.6% YoY

Gross Profit

$493M100.4% margin

Operating Income

$207M42.1% margin

Net Income

$153M31.2% margin

EPS (Diluted)

$2.54

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$217M

Free Cash Flow

$212M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$45.7B

Total Liabilities

$41.4B

Stockholders' Equity

$4.3B

Cash & Equivalents

$3.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$491M	$456M	+7.6%
Gross Profit	$493M	$321M	+53.6%
Operating Income	$207M	$87M	+137.5%
Net Income	$153M	$63M	+143.8%

Revenue Segments

Wealth Management

$29M38%

Asset Management Revenue

$19M25%

Service Charges on Deposit Accounts Revenue

$12M16%

Brokerage and Insurance Product Commissions

$5M7%

Trust Revenue

$5M7%

Other Deposit Related Fee Revenue

$3M4%

Card Related Fee Revenue

$2M2%

Administrative Services Revenue

$1M2%

Mortgage Broker Fees

$76,0000%