Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$568M+23.8% YoY

Gross Profit

$497M87.4% margin

Operating Income

$200M35.2% margin

Net Income

$143M25.2% margin

EPS (Diluted)

$2.21

QoQ Revenue Growth

+19.6%

Cash Flow

Operating Cash Flow

$232M

Free Cash Flow

$218M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$52.4B

Total Liabilities

$47.7B

Stockholders' Equity

$4.6B

Cash & Equivalents

$4.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$568M	$459M	+23.8%
Gross Profit	$497M	$432M	+15.0%
Operating Income	$200M	$150M	+33.6%
Net Income	$143M	$109M	+31.0%

Revenue Segments

Wealth Management

$33M37%

Asset Management Revenue

$17M19%

Service Charges On Deposit Accounts Revenue

$14M16%

Trust Revenue

$11M13%

Brokerage And Insurance Product Commissions

$5M5%

Other Deposit Related Fee Revenue

$4M4%

Card Related Fee Revenue

$3M3%

Administrative Services Revenue

$2M2%

Mortgage Broker Fees

$158,0000%