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")
$
$
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 % (e)
14.0 (e)
15.7 (e)
6.2 (e)
5.3 (e)
$
$
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
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
QUARTERLY TRENDS
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 (f)
18%
22
1.24
12.9 %
15.0
16.9
6.6
5.5
2Q21
$ 30,479
17,667
12,812
(2,285)
11,948
$
31,395
17,667
13,728
(2,285)
11,948
3.79
3.78
3,036.6
3,041.9
$464,778
2,988.2
84.85
68.91
0.90
18 %
23
1.29
13.0 %
15.1
17.1
6.6
5.4
2Q22 Change
1Q22
- %
(2)
4
(25)
4
(2)
4
(25)
4
55 ||
(18)
| |
2Q21
JPMORGAN CHASE & CO.
1%
6
(7)
NM
(28)
1
6
(6)
NM
(28)
(27)
(27)
(2)
(2)
(29)
(2)
2
1
11
$
$
2022
61,432
37,940
23,492
2,564
16,931
63,220
37,940
25,280
2,564
16,931
5.40
5.39
2,969.6
2,973.7
$330,237
2,932.6
86.38
69.53
2.00
SIX MONTHS ENDED JUNE 30,
13 %
16
0.87
12.2 % (e)
14.0
(e)
15.7
(e)
(e)
6.2
5.3 (e)
2021
$ 62,745
36,392
26,353
(6,441)
26,248
64,514
36,392
28,122
(6,441)
26,248
8.30
8.28
3,054.9
3,060.3
$ 464,778
2,988.2
84.85
68.91
1.80
21 %
26
1.44
13.0 %
15.1
17.1
6.6
5.4
2022 Change
2021
(2)%
4
(11)
NM
(35)
(2)
ƒ • § ² ® ® ® ® ®
(29)
(2)
2
1
11
(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
measures.
(b) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis.
(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 June 30, 2022 and March 31, 2022, CET1 capital reflected the remaining $2.2 billion CECL benefit. For the periods ended December 31, 2021, September 30,
2021 and June 30, 2021, the impact of the CECL capital transition provisions resulted in an increase to CET1 capital of $2.9 billion, $3.3 billion and $3.8 billion, respectively. Refer to Capital Risk Management on pages 35-40 of the Firm's Quarterly Report on Form 10-Q for the
quarterly period ended March 31, 2022 and pages 86-96 of the Firm's 2021 Form 10-K for additional information.
(e) Estimated.
(f) On September 21, 2021, the Board of Directors declared a quarterly common stock dividend of $1.00 per share.
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