Q1 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$491M-0.0% YoY

Gross Profit

$458M93.3% margin

Operating Income

$174M35.4% margin

Net Income

$127M25.9% margin

EPS (Diluted)

$2.07

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$458M

Free Cash Flow

$450M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$50.3B

Total Liabilities

$45.8B

Stockholders' Equity

$4.5B

Cash & Equivalents

$4.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$491M	$491M	-0.0%
Gross Profit	$458M	$493M	-7.1%
Operating Income	$174M	$207M	-16.0%
Net Income	$127M	$153M	-16.8%

Revenue Segments

Wealth Management

$31M37%

Asset Management Revenue

$21M25%

Service Charges on Deposit Accounts Revenue

$15M18%

Trust Revenue

$6M7%

Brokerage and Insurance Product Commissions

$5M5%

Other Deposit Related Fee Revenue

$3M4%

Card Related Fee Revenue

$2M3%

Administrative Services Revenue

$2M2%

Mortgage Broker Fees

$422,0000%