Company did not provide specific guidance for the current or upcoming quarters.
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$2.70
Q2 Basic EPS
$2.70
Q2 Pretax Profit
$204.54 million
Result drivers
Loan and deposit growth - Company said Q2 results were driven by acceleration in growth of loans and both non-interest-bearing and interest-bearing deposits.
Non-interest income - Higher trust and investment management fees and increased service charges on deposit accounts contributed to non-interest income growth.
Expanded customer base - Growth in total households, including consumer and commercial customers, supported results.
Quarterly results
U.S. regional bank's Q2 net income and EPS rose year over year.
Net interest income for Q2 increased 4.3% from a year earlier.
Company repurchased $90 million in shares during the quarter.
CFR•
