J.P.Morgan Results Presentation Deck
JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(in millions, except per share and ratio data)
SELECTED INCOME STATEMENT DATA
Reported Basis
Total net revenue
Total noninterest expense
Pre-provision profit (a)
Provision for credit losses
NET INCOME
Managed Basis (b)
Total net revenue
Total noninterest expense
Pre-provision profit (a)
Provision for credit losses
NET INCOME
EARNINGS PER SHARE DATA
Net income:
Basic
Diluted
Average shares: Basic
Diluted
MARKET AND PER COMMON SHARE DATA
Market capitalization
Common shares at period-end
Book value per share
Tangible book value per share ("TBVPS") (a)
Cash dividends declared per share
FINANCIAL RATIOS (c)
Return on common equity ("ROE")
Return on tangible common equity ("ROTCE") (a)
Return on assets
CAPITAL RATIOS (d)
Common equity Tier 1 ("CET1") capital ratio
Tier 1 capital ratio
Total capital ratio
Tier 1 leverage ratio
Supplementary leverage ratio ("SLR")
$
$
3Q22
32,716
19,178
13,538
1,537
9,737
33,491
19,178
14,313
1,537
9,737
3.13
3.12
2,961.2
2,965.4
$ 306,520
2,933.2
87.00
69.90
1.00
15%
18
1.01
12.5% (e)
14.1 (e)
15.9 (e)
6.2 (e)
5.3
(e)
2Q22
$ 30,715
18,749
11,966
1,101
8,649
$
31,630
18,749
12,881
1,101
8,649
2.77
2.76
2,962.2
2,966.3
$ 330,237
2,932.6
86.38
69.53
1.00
13 %
17
0.89
12.2 %
14.1
15.7
6.2
5.3
$
$
1Q22
30,717
19,191
11,526
1,463
8,282
31,590
19,191
12,399
1,463
8,282
2.64
2.63
2,977.0
2,981.0
$400,379
2,937.1
86.16
69.58
1.00
QUARTERLY TRENDS
13%
16
0.86
11.9%
13.7
15.4
6.2
5.2
4Q21
$ 29,257
17,888
11,369
(1,288)
10,399
30,349
17,888
12,461
(1,288)
10,399
$ 3.33
3.33
2,977.3
2,981.8
$466,206
2,944.1
88.07
71.53
1.00
16 %
19
1.08
13.1 %
15.0
16.8
6.5
5.4
3Q21
$ 29,647
17,063
12,584
(1,527)
11,687
$
30,441
17,063
13,378
(1,527)
11,687
3.74
3.74
2,999.9
3,005.1
$ 483,748
2,955.3
86.36
69.87
1.00
18 %
22
1.24
12.9%
15.0
16.9
6.6
5.5
3Q22 Change
2Q22
7%
2
N
13
40
13
6
2
11
40
13
13
13
1 - - 1 3
3Q21
10%
12
8
JPMORGAN CHASE & CO.
NM
(17)
10
12
7
NM
(17)
(16)
(17)
(1)
(1)
(37)
(1)
- 11
NINE MONTHS ENDED SEPTEMBER 30,
$
2022
$94,148
57,118
37,030
4,101
26,668
96,711
57,118
39,593
4,101
26,668
8.53
8.51
2,966.8
2,970.9
$306,520
2,933.2
87.00
69.90
3.00
14%
17
0.92
12.5% (e)
14.1 (e)
15.9 (e)
6.2 (e)
5.3 (e)
2021
$92,392
53,455
38,937
(7,968)
37,935
94,955
53,455
41,500
(7,968)
37,935
12.05
12.02
3,036.4
3,041.7
$ 483,748
2,955.3
86.36
69.87
2.80
20%
24
1.37
12.9 %
15.0
16.9
6.6
5.5
2022 Change
2021
2%
7
(5)
NM
(30)
2
7
(5)
NM
(30)
(29)
(29)
(2)
(2)
(37)
(1)
1
7
(a) Pre-provision profit, TBVPS and ROTCE are each non-GAAP financial measures. Tangible common equity ("TCE") is also a non-GAAP financial measure; refer to page 9 for a reconciliation of common stockholders' equity to TCE. Refer to page 28 for a further discussion of these
(b) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis.
measures.
(c) Quarterly ratios are based upon annualized amounts.
(d) The capital metrics reflect the relief provided by the Federal Reserve Board (the "Federal Reserve") in response to the COVID-19 pandemic, including the Current Expected Credit Losses ("CECL") capital transition provisions. Beginning January 1, 2022, the $2.9 billion CECL
capital benefit recognized as of December 31, 2021, is being phased out at 25% per year over a three-year period. As of September 30, 2022, June 30, 2022 and March 31, 2022, CET1 capital reflected the remaining $2.2 billion CECL benefit. For the periods ended December 31,
2021 and September 30, 2021, the impact of the CECL capital transition provisions resulted in an increase to CET1 capital of $2.9 billion and $3.3 billion, respectively. Refer to Capital Risk Management on pages 44-49 of the Firm's Quarterly Report on Form 10-Q for the quarterly
period ended June 30, 2022, and pages 86-96 of the Firm's 2021 Form 10-K for additional information.
(e) Estimated.
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