secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION)
CIK:        0000109380
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0000109380-22-000134
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zions Q1 net earnings $195M, EPS $1.27 vs $1.90 YoY; NIM 2.60%; loans ex-PPP up 7%
--------------------------------------------------------------------------------

- Net earnings $195M ($1.27 diluted EPS) vs $314M ($1.90) in Q1 2021 and $207M ($1.34) in Q4 2021.
- Net interest margin 2.60%, down 26bp YoY due to significant deposit growth and asset composition change.
- Loans and leases $51.2B, down 4% overall but ex-PPP up 7% to $50.2B; allowance for credit losses at 1.02% ex-PPP.
- CET1 ratio 10.0% vs 11.2% prior year; repurchased 0.8M shares for $50M.
- Nonperforming assets $250M (0.5% of loans ex-PPP) vs $327M (0.7%); provision negative $33M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109380/000010938022000134/0000109380-22-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109380/000010938022000134/zion-20220425.htm
  HTML page:      https://secwatch.observer/filing/0000109380-22-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer