Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$475M+5.8% YoY

Gross Profit

$420M88.5% margin

Operating Income

$132M27.7% margin

Net Income

$95M19.9% margin

EPS (Diluted)

$1.49

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$365M

Free Cash Flow

$350M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$51.0B

Total Liabilities

$46.2B

Stockholders' Equity

$4.7B

Cash & Equivalents

$3.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$475M	$449M	+5.8%
Gross Profit	$420M	$424M	-0.9%
Operating Income	$132M	$144M	-8.7%
Net Income	$95M	$105M	-10.1%

Revenue Segments

Wealth Management

$31M36%

Asset Management Revenue

$20M23%

Service Charges On Deposit Accounts Revenue

$16M18%

Trust Revenue

$8M9%

Brokerage And Insurance Product Commissions

$4M5%

Other Deposit Related Fee Revenue

$3M4%

Card Related Fee Revenue

$3M3%

Administrative Services Revenue

$2M2%

Mortgage Broker Fees

$134,0000%