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

Philip Morris International (PM) Q1 2025 Earnings: Key financials and quarterly highlights

Philip Morris International Inc. (NYSE: PM) reported its first quarter 2025 earnings results today. Net revenues increased 5.8% year-over-year to $9.3 billion. Organic revenue growth was 10.2%. Net earnings attributable

General Dynamics (GD) Q1 2025 profit jumps; revenue up 14%

Aerospace company General Dynamics (NYSE: GD) reported a sharp increase in earnings for the first quarter of 2025, reflecting a double-digit growth in revenues. First-quarter revenue increased 14% year-over-year to

Infographic: How Boeing (BA) performed in Q1 2025

The Boeing Company (NYSE: BA) reported its first quarter 2025 earnings results today. Revenues increased 18% year-over-year to $19.5 billion. Net loss attributable to Boeing shareholders amounted to $37 million,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top