Company Reports Q1 Revenue of $5.2B, Exceeds Expectations
Reports revenue $5.2B, consensus $5.18B. Reports tangible book value per share $33.19. Reports ROTCE 13.8%. Reports CET1 ratio 10.8%. "We delivered a strong first quarter, with earnings per share up 25% from the first quarter of 2025, driven by disciplined execution against our strategic priorities and continued momentum across the franchise. We continued to build new client relationships, grow in attractive markets, and generate high-quality loan and deposit growth that is translating into improved profitability. We also maintained strong asset quality metrics, returned capital to shareholders at an accelerated pace, and continued to invest in scalable technology to better serve our clients and operate more efficiently. With continued execution against our strategic priorities, we are establishing a long-term ROTCE target of 16% to 18%. This reflects both the progress we've made thus far and our confidence in the durability and scalability of our strategy," said CEO Bill Rogers.
