Business

First Quarter Earnings 2021

Zions Bancorporation, N.A. Reports Net Earnings of $314 Million for the First Quarter of 2021

Zions Bank Apr 19, 2021

Zions Bancorporation Chairman and CEO Harris Simmons commented, “Our first quarter results were strong, reflecting an improving credit environment and outlook, which resulted in minimal net charge-offs and a substantial reversal of loan loss provisions made in prior quarters as the pandemic took hold.

“During the quarter, we assisted more than 24,000 customers in obtaining access to $2.6 billion of governmental relief funds in the form of PPP loans, bringing the total amount of PPP loans made to small businesses over the past year to nearly $10 billion. Non-PPP loan volumes continued to experience attrition while total deposits saw robust growth, both being in large measure a result of unusually strong levels of liquidity in the economy.”

First Quarter 2021 Results

  • Earnings per Diluted Common Share: $1.90
  • Net Earnings: $314 million
  • Net Interest Margin: 2.86%
  • Common Equity Tier 1: 11.2%

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