Zions Bancorp reported second-quarter net earnings of $452 million, or $3.05 per share, including exceptional items. Adjusted earnings per share rose to $1.74 from $1.58 a year ago, while net interest margin was stable at 3.27%, up 10 basis points year-over-year. Average loans grew at a 4.7% annualized rate, led by commercial lending, and average customer deposits increased 4.0%. Credit losses were 6 basis points annualized of average loans, and the common equity tier 1 ratio improved to 11.8% during the quarter.
Zions Bancorp N.A.Reported Q2 net earnings of $452M and adjusted EPS rise to $1.74 from $1.58, with improved capital ratio.
Zions BancorporationReported Q2 net earnings of $452M and adjusted EPS rise to $1.74 from $1.58, with improved capital ratio.