Q3 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$481M+2.5% YoY

Gross Profit

$401M83.3% margin

Operating Income

$137M28.5% margin

Net Income

$107M22.3% margin

EPS (Diluted)

$1.67

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

-$53M

Free Cash Flow

-$70M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$43.7B

Total Liabilities

$39.7B

Stockholders' Equity

$4.1B

Cash & Equivalents

$4.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$481M	$469M	+2.5%
Gross Profit	$401M	$368M	+8.8%
Operating Income	$137M	$135M	+2.0%
Net Income	$107M	$99M	+8.3%

Revenue Segments

Wealth Management

$25M37%

Asset Management Revenue

$16M24%

Service Charges on Deposit Accounts Revenue

$11M17%

Brokerage and Insurance Product Commissions

$5M7%

Trust Revenue

$4M6%

Other Deposit Related Fee Revenue

$3M5%

Card Related Fee Revenue

$2M3%

Administrative Services Revenue

$1M2%

Mortgage Broker Fees

$85,0000%