Categories Earnings, Finance

Earnings Summary: Highlights of Zions Bancorp’s Q2 2023 results

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

Micron Earnings Preview: Recovery likely to continue as demand bounces back

Micron Technology Inc. (NASDAQ: MU), a market leader in memory and flash storage chips, emerged from a losing streak in the most recent quarter and reported a profit. The recovery

After mixed Q4, Darden Restaurants stays focused on profitable sales growth

Darden Restaurants, Inc. (NYSE: DRI), which owns popular restaurant brands Olive Garden and LongHorn Steakhouse, has reported stronger-than-expected fourth-quarter results, sending the stock higher soon after the announcement. Contributions from

What to expect when McCormick & Company (MKC) reports Q2 2024 earnings results

Shares of McCormick & Company, Incorporated (NYSE: MKC) stayed green on Friday. The stock has dropped 4% over the past one month. The spices and condiments maker is scheduled to report

Add Comment
Viewing Highlight