Zions Q1 net earnings $143M ($0.96 EPS) vs $198M ($1.33 EPS) YoY; NIM 2.94%

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/

• Net earnings $143M, diluted EPS $0.96, compared with $198M and $1.33 in 1Q23.
• Net interest income $586M (-14% YoY); NIM 2.94% vs 3.33% a year ago.
• Provision for credit losses $13M, down from $45M; net charge-offs annualized 0.04%.
• Loans and leases $58.1B (+3%); total deposits $74.2B (+7%); CET1 ratio 10.4% vs 9.9%.
• Completed core conversion for Amegy Bank and Nevada State Bank to TCS BaNCS platform; rest later summer.