Company profile

Ticker
ZIONW
Exchange
CEO
Harris H. Simmons
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Zions Bancorporation
SEC CIK
IRS number
870227400

ZIONW stock data

(
)

Calendar

6 Aug 19
24 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Net income 189M 205M 217M 215M
Diluted EPS 0.99 1.04 1.08 1.04
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 850M 550M 411M 247M
Diluted EPS 4.08 2.6 1.99 1.2

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • The Bank reported net earnings applicable to common shareholders of $189 million, or $0.99 per diluted common share for the second quarter of 2019, compared with net earnings applicable to common shareholders of $187 million, or $0.89 per diluted common share for the second quarter of 2018. The improvement in diluted earnings per common share was primarily due to a reduction in diluted shares, resulting largely from common our share repurchases. The financial performance in the second quarter of 2019 reflects strong loan growth, moderate customer-related fee improvement, expense control, and stable credit quality, partially offset by a slightly lower net interest income and net interest margin compression. The second quarter of 2019 presented some challenges as our net interest margin decreased as a result of lower loan yields, increased deposit costs, and change in our funding mix. During the first quarter of 2019, the Bank successfully implemented the second phase of its three-phase multi-year project to replace its core loan and deposit systems. With this milestone reached, we now have substantially all our retail, commercial, and commercial real estate (“CRE”) loans on a new modern core platform.
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