ENP Newswire -
Release date- 21072014 -
Loans and leases increased
Average loans and leases increased
Unfunded lending commitments were
The increases were geographically widespread in commercial and industrial loans, with smaller increases in commercial owner occupied, commercial construction, and 1-4 family residential loans.
Total deposits decreased
The ratio of average loans to average deposits was 87.0% for the second quarter of 2014, compared to 85.5% for the first quarter.
Compared to the first quarter, tangible book value per share improved by approximately 2% to
Credit quality further improved and remained strong in the second quarter.
Net loan and lease charge-offs were
Nonperforming loans declined 14% to
The ratio of nonperforming lending-related assets to net loans and leases and other real estate owned (OREO) decreased to 0.95% at
The continued improvement in portfolio-specific credit quality metrics and sustained improvement in broader economic and credit quality indicators resulted in a net negative provision for loan losses of approximately
As a percentage of net loans and leases, the allowance was 1.95% at
Zions' allowance to net charge-offs ratio remains among the strongest of the company's peer U.S. regional banks.
The estimated common equity Tier 1 capital ratio was 10.42% at
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