Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$449M-8.6% YoY

Gross Profit

$424M94.5% margin

Operating Income

$144M32.1% margin

Net Income

$105M23.4% margin

EPS (Diluted)

$1.70

QoQ Revenue Growth

-8.6%

Cash Flow

Operating Cash Flow

$432M

Free Cash Flow

$424M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$46.7B

Total Liabilities

$42.4B

Stockholders' Equity

$4.3B

Cash & Equivalents

$5.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$449M	$491M	-8.6%
Gross Profit	$424M	$289M	+46.6%
Operating Income	$144M	$31M	+369.5%
Net Income	$105M	$22M	+385.3%

Revenue Segments

Wealth Management

$31M38%

Asset Management Revenue

$20M25%

Service Charges on Deposit Accounts Revenue

$13M16%

Trust Revenue

$5M7%

Brokerage and Insurance Product Commissions

$5M6%

Other Deposit Related Fee Revenue

$3M4%

Card Related Fee Revenue

$2M3%

Administrative Services Revenue

$1M2%

Mortgage Broker Fees

$114,0000%