Zions Q4 2020 Earnings Report
Key Takeaways
Zions Bancorporation reported a strong fourth quarter with net earnings of $275 million, resulting in a diluted EPS of $1.66. The quarter was characterized by stable revenue, solid credit results, and very low net loan losses. Deposits continued to exhibit strong growth, and the CET1 ratio increased to 10.8%.
Net earnings per diluted common share were $1.66, compared to $0.97 in 4Q19.
Net interest income was $550 million, compared to $559 million in 4Q19.
The CET1 capital ratio was 10.8%, compared to 10.2% in 4Q19.
Deposits were $69.7 billion, up $12.6 billion, or 22%, compared to 4Q19.
Zions
Zions
Forward Guidance
We were quite pleased with the quarter, which was characterized by stable revenue despite the pressure of low interest rates and solid credit results, as reflected in very low net loan losses during a challenging time.