Zion Bancorp: EPS $1.11 versus expected $1.09. Deposits are higher for the regional bank | Forexlive

• In Q2 2023, Zions Bancorporation (ZION) reported earnings per share (EPS) of $1.11, exceeding the expected $1.09.
• The bank’s deposits were reported at $74.32 billion, significantly higher than the expected $68.49 billion.
• Zions posted a net interest margin of 2.92%, slightly above the anticipated 2.87%.
• The bank’s net charge-offs were $13 million, lower than the expected $15.1 million.
• The non-interest income was reported at $189 million, far exceeding the expected $159.1 million.

Zion is one of the regional banks eyed. The deposit base came in higher than expectations which is good news.

ZION shares are trading up $2.49 or 7.23% at $36.95 in after-hours trading (4:24 PM ET)