Zions Bancorporation Q1 profit falls to $143 million, EPS $0.96 from $1.33
Zions Bancorporation reported first-quarter 2024 net earnings of $143 million, or $0.96 per diluted share, down from $198 million and $1.33 a year earlier, though up from $116 million and $0.78 in the fourth quarter of 2023. Net interest income fell 14% to $586 million as higher funding costs offset higher asset yields, which weighed on the year-over-year earnings decline shareholders will focus on.
Key points
- Net earnings were $143 million, or $0.96 per diluted share, versus $198 million and $1.33 in 1Q23 and $116 million and $0.78 in 4Q23.
- Net interest income was $586 million, down 14% from the prior year; net interest margin was 2.94%, compared with 3.33%, and up from 2.91% in 4Q23.
- The provision for credit losses was $13 million, compared with $45 million a year earlier, and included a $13 million FDIC special assessment accrual in noninterest expense.
- Common dividend was $0.41 per share, unchanged from a year earlier; the company repurchased $35 million of common stock in the quarter.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.