ZION Research | Milton Maxwell

ZION

Zions Bancorporation, National Association

59.33

+0.19+0.31%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

Jan 20, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

8.76B

P/E (TTM)

10.61

Basic EPS (TTM)

5.59

Dividend Yield

0.03%

Recent Filings

10-Q

Q3 FY2025 results

11/6/25Nov 6, 2025

Zions Bancorporation posted solid Q3 2025 results, with net interest income up 8% y/y to $672M on a 25 bps NIM expansion to 3.28%, fueled by lower funding costs and a shift toward higher-yielding loans despite a slight dip in average interest-earning assets. Diluted EPS rose 8% y/y to $1.48, backed by 10% noninterest income growth to $189M from higher loan fees and a bank-owned property sale, though offset by a $36M y/y jump in provision for credit losses to $49M tied to $50M charge-offs on two commercial loans. Noninterest expense climbed 5% y/y to $527M, mainly from salaries, yet the efficiency ratio improved to 59.6%. Loans grew 2% q/q to $60.3B, deposits edged down 1% to $74.9B, while available liquidity stood at $42.4B against $33.6B uninsured deposits. Total debt included $1.5B long-term at quarter-end, with $500M new senior notes issued in August 2025 at 4.70% maturing 2028. Non-GAAP metrics like adjusted PPNR were defined and reconciled in the 10-Q. Regulatory pressures from evolving trade policies and tariffs pose ongoing risks to customer revenues and supply chains.

8-K

Q3 earnings up YoY, margin expands

10/20/25Oct 20, 2025

Zions Bancorporation reported third-quarter 2025 net earnings of $221 million, with diluted EPS of $1.48, up from $204 million and $1.37 a year ago but down from $243 million last quarter due to a $50 million charge-off on two related commercial loans. Net interest income rose 8% year-over-year to $672 million, lifting the margin to 3.28%, while adjusted pre-provision net revenue grew 18% and customer deposits excluding brokered climbed 1%. Credit quality dipped with net charge-offs at 0.37% annualized, yet the CET1 ratio strengthened to 11.3%. Elevated provisions mar otherwise solid performance.

8-K

Loan defaults trigger $60M provision

10/15/25Oct 15, 2025

Zions Bancorporation's California Bank & Trust division uncovered misrepresentations and defaults in two commercial loans totaling about $60 million, guaranteed by individuals. On October 15, 2025, the bank provisioned for the full amount and charged off $50 million, hitting third-quarter 2025 earnings. It launched a lawsuit for recovery. This isolated hit stings, but an independent review follows.

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

Zions Bancorporation posted solid Q2 2025 results, with net interest income up 9% y/y to $648M on a 19 bps NIM expansion to 3.17%, fueled by lower funding costs and 4% loan growth to $60.8B, while deposits held steady at $73.8B. Diluted EPS rose 27% y/y to $1.63, backed by a negative $1M credit provision and 7% higher customer noninterest income, though noninterest expense climbed 4% y/y to $527M on incentive pay. The FirstBank Coachella Valley branches acquisition in late March added $390M in loans and $585M in deposits. Liquidity stays robust at $38.6B available, covering 118% of uninsured deposits, with total debt at $970M including $966M subordinated notes. Yet classified loans doubled y/y to 4.43% of total, driven by CRE multifamily and industrial risk grading shifts.

8-K

Zions Q2 earnings up 28%

7/21/25Jul 21, 2025

Zions Bancorporation reported Q2 2025 net earnings of $243 million, up 28% from last year, with diluted EPS at $1.63 versus $1.28. Net interest income climbed 9% to $648 million, boosting the margin to 3.17% from 2.98%, while loans grew 4% to $60.8 billion and customer deposits held steady at $69.9 billion. Credit stayed solid—charge-offs at 0.07%—yet classified loans rose to 4.43% amid CRE pressures. Earnings surged on better margins.

About

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments. It offers commercial and small business banking services to small- and medium-sized businesses, such as commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository account and cash management services; commercial and small business cards; merchant processing services; corporate trust services; and correspondent banking and international lending services. The company also provides capital markets and investment banking services, including loan syndications, foreign exchange services, interest rate derivatives, fixed income securities underwriting, advisory and capital raising, commercial mortgage-backed security conduit lending, and power and project financing; and commercial real estate lending services consisting of term and construction/land development financing for commercial and residential purposes. In addition, it offers retail banking services comprising residential mortgages, home equity lines of credit, personal lines of credit, installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management services consisting of investment management, fiduciary and estate, and advanced business succession and estate planning services. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.

CEO

Mr. Harris Henry Simmons

IPO

3/17/1980

Website

https://www.zionsbancorporation.com

Employees

9,286

Sector

Financial Services

Industry

Banks - Regional