secwatch.observer — SEC 8-K summary
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Issuer:     ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION)
CIK:        0000109380
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000109380-23-000107
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109380/000010938023000107/0000109380-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109380/000010938023000107/zion-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000109380-23-000107

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