earnings
confidence high
sentiment neutral
materiality 0.70
Zions Bancorp Q2 net earnings $195M, EPS $1.29, down 44% YoY; loan growth 10% ex-PPP
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
2022-Q2 EPS reported
$2.56
revenue$305,000,000
- Net earnings $195M, diluted EPS $1.29, compared with $345M ($2.08) in Q2 2021.
- Net interest income $593M, up 7% YoY; net interest margin 2.87% vs 2.79% a year ago.
- Loans and leases $52.4B, up 2%; ex-PPP loans up 10% YoY; average non-PPP loans up 12% annualized.
- Nonperforming assets $201M (0.4% of loans), down from $308M; net charge-offs annualized 0.07%.
- Estimated CET1 ratio 9.9%; common stock repurchases of 0.9M shares for $50M during Q2.