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Dec 31, 2023
Zions Q4 2023 Earnings Report
Zions Bancorporation reported net earnings of $116 million and diluted EPS of $0.78 for Q4 2023.
Key Takeaways
Zions Bancorporation reported Q4 2023 net earnings of $116 million, with a diluted EPS of $0.78. The results reflect the bank's resilience, with customer deposit growth, loan growth, a stable net interest margin, and a strengthened capital position. Operating expenses were well-managed, excluding a one-time FDIC special assessment. The bank's loan portfolio exhibited strong credit quality.
Net interest income was $583 million, down 19%.
NIM was 2.91%, relatively flat compared to the previous quarter.
Loans and leases were $57.8 billion, up 4%.
Total deposits were $75.0 billion, up 5%.
Forward Guidance
Zions Bancorporation is poised for growth in the year ahead, as business investments and focus on improved client profitability, combined with stable or lower short-term interest rates and continued moderate economic expansion in the western United States, should result in client acquisition and improvement in financial results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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