The company did not provide specific guidance or outlook for future quarters or full-year results.
Result drivers and key details
Loan growth - The company said Q2 results were driven by strong organic loan growth, especially in commercial and industrial lending.
Fee income and investment gains - Higher noninterest income was led by gains on private investment holdings and increased fees from fund services, corporate trust, and brokerage.
Asset quality improvement - Net charge-offs declined and nonperforming loans fell 15.7% from the prior quarter.
Metric
Actual
Q2 EPS
$3.56
Q2 Net Income
$277.57 mln
Q2 Net Interest Income
$532.50 mln
Q2 Net Interest Margin (FTE)
3.32%
The current average analyst rating on the shares is buy and the breakdown of recommendations is 11 strong buy or buy, 2 hold and no sell or strong sell.
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