On Jan. 23, Southwest regional bank Zions (NASDAQ:ZION) released earnings for the year ended Dec. 31, 2006.
- Net interest income grew 29.6% on a slight increase in net interest margin.
- Deposits increased 7%, primarily on growth in high-interest time deposits. Demand, savings, and money market accounts were flat year over year.
- Read Emil Lee's analysis to learn more about Zions' performance for the latest quarter.
- Zions holds a two-star rating in Motley Fool CAPS, our community intelligence database. Tell us what you think about the company.
(Figures in millions, except per-share data)
Income Statement Highlights
|
FY 2006 |
FY 2005 |
Change | |
|---|---|---|---|
|
Total Revenue |
$2,243.3 |
$1,755.3 |
27.8% |
|
Net Interest Income |
$1,764.7 |
$1,361.3 |
29.6% |
|
Net Profit |
$583.1 |
$480.1 |
21.5% |
|
EPS |
$5.36 |
$5.16 |
3.9% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
FY 2006 |
FY 2005 |
Change* | |
|---|---|---|---|
|
Net Interest Margin |
4.63% |
4.58% |
0.05% |
|
Efficiency Ratio |
56.85% |
55.67% |
1.18% |
|
Nonperforming Assets / Assets |
0.17% |
0.21% |
(0.03%) |
|
Return on Avg. Assets |
1.32% |
1.43% |
(0.11%) |
|
Return on Avg. Common Equity |
12.89% |
15.86% |
(2.97%) |
Find out more about bank ratios.
Balance Sheet Highlights
|
Assets |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Investments |
$5,767 |
$6,057 |
(4.8%) |
|
Loans |
$34,668 |
$30,127 |
15.1% |
|
Liabilities |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Deposits |
$34,982 |
$32,642 |
7.2% |
|
Total Liabilities |
$41,940 |
$38,515 |
8.9% |
Learn about bank assets and bank liabilities.
Related Companies:
- Wells Fargo (NYSE:WFC)
- Regions (NYSE:RF)
- KeyCorp (NYSE:KEY)
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Fool financial editor Joey Khattab does not own any of the shares mentioned. The Motley Fool has a disclosure policy.
