Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$491M+10.6% YoY

Gross Profit

$289M58.9% margin

Operating Income

$31M6.3% margin

Net Income

$22M4.4% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

-$7M

Stock-Based Comp.

$541,000

Balance Sheet

Total Assets

$43.5B

Total Liabilities

$39.5B

Stockholders' Equity

$4.0B

Cash & Equivalents

$4.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$491M	$444M	+10.6%
Gross Profit	$289M	$339M	-14.6%
Operating Income	$31M	$110M	-72.1%
Net Income	$22M	$81M	-73.4%

Revenue Segments

Wealth Management

$23M37%

Asset Management Revenue

$14M23%

Service Charges on Deposit Accounts Revenue

$10M17%

Trust Revenue

$4M7%

Brokerage and Insurance Product Commissions

$4M7%

Other Deposit Related Fee Revenue

$3M5%

Card Related Fee Revenue

$1M2%

Administrative Services Revenue

$933,0002%

Mortgage Broker Fees

$174,0000%