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Stock impact report

Zions Bancorporation, National Association Reports First Quarter Financial Results [Yahoo! Finance]

Zions Bancorporation N.A. (ZION) 
Last zions bancorporation n.a. earnings: 4/20 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: zionsbancorp.com
Company Research Source: Yahoo! Finance
to common shareholders for the first quarter of 2024 of $143 million , or per diluted common share, compared with net earnings applicable to common shareholders of $198 million , or per diluted common share, for the first quarter of 2023, and net earnings applicable to common shareholders of $116 million , or per diluted common share, for the fourth quarter of 2023. Harris H. Simmons , Chairman and CEO of Zions Bancorporation, commented, "First quarter results continued to reflect the adverse impact on net interest income of the bank failures a year ago, with taxable-equivalent revenue down 11.3% from the prior year. We nevertheless saw incremental improvement in our net interest margin and earning asset growth, and adjusted operating expenses (which exclude an additional FDIC special assessment related to last year's bank failures) increased a modest 0.4% from last year's quarter." Mr. Simmons continued, "Although we experienced an increase in classified loans during the quarter, Show less Read more
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