---
schema_version: "secwatch.filing_event.v1"
accession: "0000109380-23-000107"
form_type: "8-K"
ticker: "ZION"
cik: "0000109380"
company_name: "ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:20:12.666201+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zions Bancorp Q1 EPS $1.33, net earnings $198M; deposits decline 16% YoY, NIM 3.33%

## Summary
- Net earnings $198M, diluted EPS $1.33, vs $1.27 in Q1 2022 and $1.84 in Q4 2022.
- Net interest margin 3.33%, up from 2.60% YoY; net interest income $679M, up 25%.
- Deposits $69.2B, down 16% YoY; loan-to-deposit ratio 81% vs 62%. Borrowed funds $12.1B vs $0.6B.
- Allowance for credit losses 1.20% of loans vs 1.00%; no net charge-offs in Q1.
- CEO expects ~4% reduction in near-term quarterly revenue run-rate due to funding mix; CET1 ratio 9.9%.

## SEC filing metadata
- accession: 0000109380-23-000107
- form_type: 8-K
- ticker: ZION
- cik: 0000109380
- company_name: ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109380/000010938023000107/0000109380-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109380/000010938023000107/zion-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109380-23-000107
- JSON: https://secwatch.observer/filing/0000109380-23-000107.json
- Plain text: https://secwatch.observer/filing/0000109380-23-000107.txt

## Key facts
- Earnings Releases
  ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ reported financial results for quarter ended March 31, 2023.
  - Period: quarter ended March 31, 2023
  - Result: reported results
  source text: On April 19, 2023, Zions Bancorporation, National Association (“the Bank”) announced its financial results for the quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/109380/000010938023000107/0000109380-23-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.