Financial services company Zions Bancorporation NA (NASDAQ: ZION) announced results for the second quarter of 2023, reporting a decline in net earnings.
- Net interest income remained broadly unchanged year-over-year at $591 million in the second quarter of 2023
- Net interest margin was 2.92% during the three-month period, compared to 2.87% last year
- Pre-provision net revenue decreased 9% annually to $283 million; adjusted pre-provision net revenue dropped modestly to $296 million
- Net income declined to $166 million or $1.11 per share in the second quarter from $195 million or $1.29 per share last year
- Noninterest expense was $508 million, up 9%; adjusted noninterest expense moved up 7% annually to $494 million
- Second-quarter efficiency ratio came in at 62.5%, compared to 60.7% in the same period of 2022
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is set to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
