Q3 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$459M-4.6% YoY

Gross Profit

$432M94.1% margin

Operating Income

$150M32.6% margin

Net Income

$109M23.8% margin

EPS (Diluted)

$1.77

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$82M

Free Cash Flow

$71M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$47.8B

Total Liabilities

$43.4B

Stockholders' Equity

$4.4B

Cash & Equivalents

$5.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$459M	$481M	-4.6%
Gross Profit	$432M	$401M	+7.8%
Operating Income	$150M	$137M	+9.1%
Net Income	$109M	$107M	+1.7%

Revenue Segments

Wealth Management

$32M37%

Asset Management Revenue

$21M25%

Service Charges on Deposit Accounts Revenue

$14M17%

Trust Revenue

$5M6%

Brokerage and Insurance Product Commissions

$5M6%

Other Deposit Related Fee Revenue

$3M4%

Card Related Fee Revenue

$3M3%

Administrative Services Revenue

$1M2%

Mortgage Broker Fees

$270,0000%