Zions Bancorporation’s ZION fourth-quarter 2021 net earnings per share of $1.34 surpassed the Zacks Consensus Estimate by a penny. The bottom line, however, decreased 19.3% from the year-ago quarter’s number.Results were primarily aided by an increase in net interest income and non-interest income. The company witnessed a rise in loan and deposit balances in the quarter. However, increase in non-interest expenses due to salaries, employee benefits and other expenses, besides higher provisions, acted as undermining factors.Net income attributable to common shareholders was $207 million, down 24.7% year over year.In 2021, earnings of $6.79 per share missed the consensus estimate of $6.80 while increasing substantially from $3.02 in 2020. Also, net income of $1.1 billion was significantly up from $505 million in 2020.Revenues & Expenses RiseNet revenues (tax equivalent) were $753 million, up 4.1% year over year. The top line surpassed the Zacks Consensus Estimate of $714.7 million.In 2021, net revenues (tax equivalent) increased 4.4% to $2.94 billion. The top line outpaced the consensus estimate of $2.89 billion.Net interest income was $553 million, up marginally from $550 million in the prior-year quarter. Net interest margin (NIM) contracted 37 basis points (bps) year over year to 2.58%.Non-interest income (NII) was $190 million, up 14.5% from the year-ago quarter. The increase was due to a rise in all components except loan-related fees and income. Also, the company recorded loss in fair-value and non-hedge derivative income in the quarter under review against gains in the year-ago quarter.Adjusted non-interest expenses were $446 million, up 5.4% from the prior-year quarter.Efficiency ratio (non-GAAP) was 60.8%, up from 60.2% in the prior-year period. A rise in the efficiency ratio indicates a decrease in profitability.As of Dec 31, 2021, net loans held for investment were $50.3 billion, up marginally from $50.2 billion at the prior quarter’s end. Total deposits were $82.8 billion, up 6.3% sequentially.Credit Quality: A Mixed BagThe ratio of non-performing assets to loans and leases, as well as other real estate owned, contracted 16 bps year over year to 0.53%. In the reported quarter, the company recorded net loan and lease charge offs of $1 million, down from $15 million in the prior-year quarter.Provision for credit losses was $25 million against a benefit of $67 million in the year-earlier quarter.Capital & Profitability Ratios DeteriorateTier 1 leverage ratio was 7.2% as of Dec 31, 2021 compared with 8.3% recorded at the end of the prior-year quarter. Tier 1 risk-based capital ratio of 10.9% decreased from 11.8%.At the end of the reported quarter, return on average assets was 0.92%, down from 1.14% as of Dec 31, 2020. Also, return on average tangible common equity was 13.4%, down from 17.8% witnessed in the year-ago quarter.Share RepurchaseThe company repurchased 5 million shares for $325 million in the reported quarter.Our TakeZions’ strong balance-sheet position, along with its business-simplifying efforts and rise in loan demand, bodes well for the future. However, persistently increasing operating expenses, mainly owing to the company's investments in franchise and its efforts to digitize operations, are likely to hurt the bottom line to some extent in the near term.Zions Bancorporation, N.A. Price, Consensus and EPS Surprise Zions Bancorporation, N.A. price-consensus-eps-surprise-chart | Zions Bancorporation, N.A. QuoteCurrently, Zions carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other BanksF.N.B. Corporation’s FNB fourth-quarter 2021 adjusted earnings per share of 30 cents met the Zacks Consensus Estimate. The bottom line reflected a rise of 7.1% from the prior-year quarter.F.N.B.’s results were primarily aided by a rise in fee income, lower expenses and provision benefits. However, a fall in NII was the undermining factor.BankUnited, Inc.’s BKU fourth-quarter 2021 earnings per share of $1.41 surpassed the Zacks Consensus Estimate of $1.14. The bottom line also jumped 58.4% from the prior-year quarter.BankUnited’s results primarily benefited from higher revenues and rise in loans and deposit balances. However, a rise in expenses and poor credit quality were the undermining factors.SVB Financial Group’s SIVB fourth-quarter 2021 adjusted earnings per share of $6.56 comfortably outpaced the Zacks Consensus Estimate of $6.29. In the year-ago quarter, the company recorded earnings of $7.40 per share.SVB Financial’s results largely benefited from growth in revenues. Loans and deposit balances witnessed sequential improvement. However, a rise in expenses and lower NIM were the undermining factors. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zions Bancorporation, N.A. (ZION): Free Stock Analysis Report BankUnited, Inc. (BKU): Free Stock Analysis Report F.N.B. Corporation (FNB): Free Stock Analysis Report SVB Financial Group (SIVB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research