- In Q2 2023, Zions Bancorporation (ZION) reported earnings per share (EPS) of $1.11, exceeding the expected $1.09.
- The bank’s deposits were reported at $74.32 billion, significantly higher than the expected $68.49 billion.
- Zions posted a net interest margin of 2.92%, slightly above the anticipated 2.87%.
- The bank’s net charge-offs were $13 million, lower than the expected $15.1 million.
- The non-interest income was reported at $189 million, far exceeding the expected $159.1 million.
Zion is one of the regional banks eyed. The deposit base came in higher than expectations which is good news.
ZION shares are trading up $2.49 or 7.23% at $36.95 in after-hours trading (4:24 PM ET)
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://www.forexlive.com/news/zion-bancorp-eps-111-versus-expected-109-deposits-are-higher-for-the-regional-bank-20230719/
- :is
- $UP
- 1
- 11
- 2023
- 24
- 32
- 49
- 7
- a
- above
- Anticipated
- ARE
- At
- Bancorp
- Bank
- Banks
- base
- Billion
- came
- deposit
- deposits
- E&T
- Earnings
- expectations
- expected
- far
- For
- good
- higher
- HTTPS
- in
- Income
- interest
- jpg
- lower
- Margin
- million
- net
- news
- of
- ONE
- or
- per
- plato
- Plato Data Intelligence
- PlatoData
- posted
- Q2
- regional
- Reported
- s
- Share
- Shares
- significantly
- than
- The
- Trading
- Versus
- was
- were
- which
- zephyrnet
- zions