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 Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
