NASDAQ$ZION

Zions Bancorp NA · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Zions Bancorporation reported net earnings of $166 million and diluted EPS of $1.11 for Q2 2023.

Zions Bancorporation, N.A. reported second quarter 2023 financial results, with net earnings of $166 million and diluted EPS of $1.11. The results reflect a rebound in customer deposits and stable net interest income, offset by higher costs of funds. Credit quality remained strong, with reductions in nonperforming and classified loans.

  • Net interest income was relatively stable at $591 million.
  • Customer-related noninterest income was $162 million, up 5%.
  • Loans and leases were $56.9 billion, up 9%.
  • Total deposits were $74.3 billion, down 6% from prior year quarter; customer deposits (excluding brokered deposits) were $65.9 billion, up 3% from the prior quarter.

Headline financials

Total Revenue

$162M

Previous: $154M+5.2%
EPS (adj)

$1.11

Previous: $1.29-14.0%
Net Interest Margin

2.9%

No prior period
Capital Expenditures

-$53M

Previous: -$102M+48.0%
Free Cash Flow

$122M

Previous: $101M+20.8%
Net Income

$175M

Previous: $203M-13.8%
Operating Income

-$217M

Previous: $17M-1376.5%
Gross Profit

$162M

Previous: $154M+5.2%
Cash & Equivalents

$2.23B

Previous: $1.81B+23.5%
Total Assets

$87.2B

Previous: $87.8B-0.6%
Stock-Based Comp

$7M

Previous: $5M+40.0%

Revenue & EPS history

Zions · Revenue · Quarterly

$162M

Q2 2023+5.2%vs Q2 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

Zions Bancorporation expects to see continued improvement in the operating environment in the months ahead.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.1%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.1%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+16.9%

Q2 2023

Best reaction

-12.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%+2.0%+0.3%
Q4 2025+4.2%-2.7%-2.0%
Q3 2025+1.4%+2.2%-3.0%
Q2 2025-2.0%+0.0%+8.6%
Q1 2025-1.1%+2.8%+7.7%
Q4 2024+0.1%+1.0%-5.0%
Q3 2024+2.5%+0.2%+14.5%
Q2 2024+7.2%+6.8%-3.9%
Q1 2024+4.6%+4.6%+9.7%
Q4 2023+2.8%+5.8%-4.9%
Q3 2023-12.2%-18.2%-1.8%
Q2 2023+16.9%+14.2%+7.1%
Q1 2023+2.2%-7.2%-12.1%
Q4 2022+0.6%+3.7%-4.2%
Q3 2022+7.7%+7.8%+7.7%
Q2 2022-1.0%+0.9%+6.0%
Q1 2022-8.1%-7.0%-9.5%
Q4 2021+7.7%+10.4%+12.9%
Q3 2021+1.8%+6.8%+6.7%
Q2 2021+1.2%+2.5%+8.1%
Q1 2021-6.7%-3.3%+2.3%
Q4 2020-1.7%-2.1%+1.8%
Q3 2020-2.0%+6.6%+25.0%
Q2 2020+3.6%+3.3%+1.1%
Q1 2020-1.5%+1.3%+7.0%
Q4 2019-5.7%-8.1%-8.8%
Q3 2019+7.5%+7.2%+9.3%
Q2 2019-7.1%-2.0%-11.2%
Q1 2019+3.3%+3.1%-4.0%
Q4 2018+2.3%+3.5%+8.2%
Q3 2018+0.4%-0.9%+0.3%
Q2 2018-1.4%-2.5%+2.0%
Q1 2018+2.4%+3.3%+7.8%
Q4 2017+0.8%+0.5%+4.0%
Q3 2017-0.9%+0.7%-0.9%
Q2 2017+3.0%+2.1%+0.1%
Q1 2017-0.9%-2.0%-0.4%
Q4 2016+0.2%+1.6%+5.4%
Q3 2016-0.8%-0.8%+21.0%
Q2 2016+6.4%+6.0%+11.9%
Q1 2016+0.6%
Q4 2015-1.2%
Q3 2015+0.7%
Q2 2015+3.5%
Q1 2015-0.6%
Q4 2014-0.4%
Q3 2014+3.3%
Q2 2014+1.3%
Q1 2014-2.0%
Q4 2013-1.6%
Q3 2013-6.8%
Q2 2013-2.1%
Q1 2013+2.1%
Q4 2009-0.3%
Q4 2012-1.0%
Q3 2012-1.4%
Q2 2012-4.2%
Q1 2012-2.3%
Q4 2010-1.2%
Q4 2008-1.2%
Q4 2011-1.2%
Q3 2011-7.3%
Q2 2011-7.3%
Q1 2010+1.1%
Q1 2011+1.7%
Q3 2010+0.6%
Q3 2009+0.6%
Q2 2010-0.8%
Q2 2009-0.8%

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