Zions Bancorp Q4 net earnings $116M, EPS $0.78 down 58% YoY; NIM stable at 2.91%

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/

2023-FY EPS reported $4.35 revenue$620,000,000

Diluted EPS of $0.78 vs $1.84 in 4Q22 and $1.13 in 3Q23; net earnings $116M.
Net interest margin 2.91% vs 3.53% YoY, flat vs 3Q23; net interest income down 19% to $583M.
Noninterest expense up 23% to $581M, including $90M FDIC special assessment accrual.
Loans and leases $57.8B (+4% YoY); deposits $75.0B (+5%); estimated CET1 ratio 10.3% vs 9.8%.
Annualized net charge-offs 0.06%; nonperforming assets rose to $228M (0.39% of loans).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ reported the quarter ended December 31, 2023 results: net income Net Earnings of $116 million, EPS diluted EPS of $0.78.

Period: the quarter ended December 31, 2023
Net income: Net Earnings of $116 million
EPS: diluted EPS of $0.78
Result: reported results

Exact text from the filing

Zions Bancorporation, N.A. reports: 4Q23 Net Earnings of $116 million, diluted EPS of $0.78

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Source: SEC EDGAR

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