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Sep 30, 2022
Zions Q3 2022 Earnings Report
Zions Bancorporation reported net earnings of $211 million and diluted EPS of $1.40 for Q3 2022.
Key Takeaways
Zions Bancorporation, N.A. reported third quarter 2022 net earnings of $211 million, with diluted EPS of $1.40. The net interest margin was 3.24%.
Net interest income was $663 million, up 19%.
Net interest margin was 3.24%, compared with 2.68%.
Loans and leases were $53.9 billion, up 6%; and excluding PPP, loans and leases were $53.6 billion, up 13%.
The estimated CET1 capital ratio was 9.6%, compared with 10.9%.
Zions
Zions
Forward Guidance
Zions Bancorporation's third quarter results demonstrated the positive impact of solid loan growth and moderately higher interest rates, as the net interest margin strengthened to 3.24%, producing strong adjusted pre-provision net revenue (PPNR) growth and positive operating leverage.