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Jun 30, 2021
Zions Q2 2021 Earnings Report
Zions Bancorporation reported net earnings of $345 million and diluted EPS of $2.08 for Q2 2021.
Key Takeaways
Zions Bancorporation, N.A. reported a strong second quarter in 2021, with net earnings of $345 million and a diluted EPS of $2.08. Credit performance was notably strong, with modest net recoveries on loans. The company released over $120 million of its allowance for credit losses due to the belief that future losses will be significantly less than previously expected. Deposits continued to grow, and the CET1 ratio reached 11.3%.
Net earnings were $345 million, with a diluted EPS of $2.08.
Net interest income was $555 million, and the net interest margin was 2.79%.
Loans and leases totaled $51.4 billion, or $46.9 billion excluding PPP loans.
The CET1 capital ratio was 11.3%.
Zions
Zions
Forward Guidance
No specific forward guidance was provided in the press release.