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Dec 31, 2019
Zions Q4 2019 Earnings Report
Zions' financial performance was dampened by flat loan volumes and restructuring charges.
Key Takeaways
Zions Bancorporation reported Q4 2019 net earnings of $174 million, with diluted EPS of $0.97. Results were impacted by flat loan volumes and severance and restructuring charges. The company saw strong growth in average deposit balances and relative stability in net interest margin.
Net interest income was $559 million, compared to $576 million in the prior year.
Net interest margin was 3.46%, compared to 3.67% in the prior year.
Average total deposits increased to $56.7 billion, compared to $54.2 billion in the prior year.
Nonperforming assets were $251 million, down 2% from the prior year.
Zions
Zions
Forward Guidance
Zions Bancorporation expects economic conditions to remain vibrant and credit quality to continue to be relatively strong in 2020.