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Jun 30, 2022
Zions Q2 2022 Earnings Report
Zions Bancorporation reported net earnings of $195 million and diluted EPS of $1.29 for Q2 2022.
Key Takeaways
Zions Bancorporation, N.A. reported second quarter 2022 net earnings of $195 million, with diluted EPS of $1.29. Net interest income was $593 million, up 7%, and NIM was 2.87%. Loans and leases were $52.4 billion, up 2%, and excluding PPP loans, loans and leases were up 10%. The estimated CET1 capital ratio was 9.9%.
Net interest income was $593 million, up 7%.
NIM was 2.87%, compared with 2.79%.
Loans and leases were $52.4 billion, up 2%; excluding PPP, loans and leases were $51.8 billion, up 10%.
The estimated CET1 capital ratio was 9.9%.
Zions
Zions
Forward Guidance
The company is well prepared for the possibility of a recession with solid credit quality and capital, and strong pre-provision net revenue growth.