Loading...
•
Mar 31, 2021
Zions Q1 2021 Earnings Report
Zions reported strong first quarter results driven by an improving credit environment and substantial reversal of loan loss provisions.
Key Takeaways
Zions Bancorporation reported a net earnings of $314 million and diluted EPS of $1.90 for Q1 2021. The results reflect an improving credit environment and outlook, which resulted in minimal net charge-offs and a substantial reversal of loan loss provisions.
Net interest income was $545 million, compared with $548 million.
Net loans and leases were $53.5 billion, up $3.5 billion, or 7%, and included PPP loans of $6.5 billion.
Deposits were $73.9 billion, up $16.3 billion, or 28%, resulting in a loan-to-deposit ratio of 72%.
The CET1 capital ratio was 11.2%, compared with 10.0%.
Zions
Zions
Forward Guidance
The company did not provide specific forward guidance in this earnings report.