Zions Q1 2022 Earnings Report
Key Takeaways
Zions Bancorporation, N.A. reported first quarter 2022 net earnings of $195 million, with diluted EPS of $1.27. Net interest income remained relatively stable at $544 million, while the net interest margin was 2.60%. Loans and leases decreased by $2.2 billion, but excluding PPP loans, they increased by $3.2 billion.
Net earnings were $195 million, and diluted EPS was $1.27.
Net interest income was $544 million, relatively stable compared to the prior year.
Loans and leases were $51.2 billion, down $2.2 billion; excluding PPP, loans and leases were up $3.2 billion.
The CET1 capital ratio was 10.0%.
Zions
Zions
Forward Guidance
Zions Bancorporation expects stronger earnings in the higher interest rate environment in coming quarters, with a balance sheet well-positioned to take advantage of these conditions.