Q4 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$461M-1.0% YoY

Gross Profit

$420M91.0% margin

Operating Income

$137M29.7% margin

Net Income

$99M21.4% margin

EPS (Diluted)

$1.58

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$400M

Free Cash Flow

$366M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$50.1B

Total Liabilities

$45.6B

Stockholders' Equity

$4.5B

Cash & Equivalents

$5.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$461M	$466M	-1.0%
Gross Profit	$420M	$416M	+0.9%
Operating Income	$137M	$135M	+1.7%
Net Income	$99M	$101M	-2.4%

Revenue Segments

Wealth Management

$32M37%

Asset Management Revenue

$21M24%

Service Charges on Deposit Accounts Revenue

$15M17%

Trust Revenue

$6M7%

Brokerage and Insurance Product Commissions

$5M6%

Other Deposit Related Fee Revenue

$3M4%

Card Related Fee Revenue

$3M3%

Administrative Services Revenue

$2M2%

Mortgage Broker Fees

$327,0000%