earnings
confidence high
sentiment positive
materiality 0.75
Zions Q3 net earnings $234M, diluted EPS $1.45; loan growth ex-PPP annualized 5.6%
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
2021-Q3 EPS reported
$5.43
revenue$423,000,000
- Net earnings $234M ($1.45 diluted EPS) vs. $167M ($1.01) in Q3 2020, but down from $345M ($2.08) in Q2 2021.
- Net interest margin 2.68% vs. 3.06% a year ago; net interest income stable at $555M.
- Provision for credit losses negative $46M (release) vs. positive $55M; allowance 1.1% of loans (ex-PPP) vs. 1.9%.
- CET1 ratio 10.9%; common stock repurchases $325M (3.6% of shares outstanding).
- Loans/leases (ex-PPP) down 1% YoY but grew 5.6% annualized in Q3; deposits up 16% to $77.9B.