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

<ul><li>In Q2 2023, Zions Bancorporation (ZION) reported earnings per share (EPS) of $1.11, exceeding the expected $1.09.</li><li>The bank's deposits were reported at $74.32 billion, significantly higher than the expected $68.49 billion.</li><li>Zions posted a net interest margin of 2.92%, slightly above the anticipated 2.87%.</li><li>The bank's net charge-offs were $13 million, lower than the expected $15.1 million.</li><li>The non-interest income was reported at $189 million, far exceeding the expected $159.1 million.</li></ul><p>Zion is one of the regional banks eyed. The deposit base came in higher than expectations which is good news. </p><p>ZION shares are trading up $2.49 or 7.23% at $36.95 in after-hours trading (4:24 PM ET)</p>

This article was written by Greg Michalowski at www.forexlive.com.