Materiality pending
Public signal · 1-minute delayed
Signal brief
Source-backed market context you can read and share without an account.
AI summary
What happened, with direct paths to the underlying reporting
- Q1 2024 net income was $285 million or $2.03 per diluted share. - Average loans up 1% in the first quarter, with growth in residential mortgages. - Grew average deposits by $2 billion to a record level. - Asset quality remains solid with an 18% return on tangible common equity. - Forward-looking focus on serving customers and growing relationships for outperformance in 2024 and beyond. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Q1 2024 net income was $285 million or $2.03 per diluted share.
- Average loans up 1% in the first quarter, with growth in residential mortgages.
- Grew average deposits by $2 billion to a record level.
- Asset quality remains solid with an 18% return on tangible common equity.
- Forward-looking focus on serving customers and growing relationships for outperformance in 2024 and beyond.
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