Business

Second Quarter Earnings 2019

Zions Bancorporation, N.A. Reports Second Quarter 2019 Net Earnings of $189 Million

Zions Bank Jul 22, 2019

Harris H. Simmons, Chairman and CEO, commented, “Net earnings available to common shareholders was up only slightly from last year, reflecting relatively strong loan growth coupled with margin compression resulting from a challenging interest rate environment. Second quarter earnings per share of $0.99 increased 11% from the prior year period, largely the result of a share count that was 9% lower than last year.” Mr. Simmons continued, “Operating expenses continued to be well controlled, rising less than 1% from the prior year’s second quarter, and credit quality remained very clean with annualized net charge-offs totaling only 0.12% of average loans and leases, as economic conditions remain strong throughout the western United States.”

Second Quarter 2019 Results

  • Earnings per Diluted Common Share: $0.99
  • Net Earnings: $189 million
  • Net Interest Margin: 3.54%
  • Common Equity Tier 1: 10.8%

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