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Sep 30, 2023
Zions Q3 2023 Earnings Report
Zions Bancorporation reported net earnings of $168 million and diluted EPS of $1.13 for Q3 2023.
Key Takeaways
Zions Bancorporation reported a net income of $168 million and diluted EPS of $1.13 for the third quarter of 2023. The net interest margin was 2.93%, and the estimated CET1 capital ratio was 10.2%. Customer deposits increased by 5% over the past three months.
Net interest income was $585 million, down 12%.
Net interest margin was 2.93%, compared to 3.24% in the prior year.
Loans and leases were $56.9 billion, up 6%.
Total deposits were $75.4 billion, down 1% from prior year quarter, while customer deposits increased 5% from the second quarter of 2023.
Zions
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Forward Guidance
No specific forward guidance was provided in the document.