ZIONP Latest Report

Performance Review

ZIONP, the preferred stock of Zions Bancorp, reported total operating revenues of $820 million as of December 31, 2024, up approximately 12.10% from $731 million as of December 31, 2023. This growth reflects the company's strong performance in its operations, mainly due to the increase in net interest income and operating income, as well as the expansion of the market environment and customer base.

Key Data in the Financial Report

1. Zions Bancorp's pre-tax profit in 2024 was $1.012 billion, up from $0.886 billion in 2023, indicating the growth in net interest income, possibly due to increased loan demand or rising interest rates.

2. Operating income in 2024 was $270 million, up from $150 million in 2023, showing the company's strong performance in its core business.

3. The company's deposits increased by $3.3 billion in 2023, and the total loans grew by $2.1 billion, driving the growth in total operating revenues.

4. The improvement in the macroeconomic environment, such as rising interest rates and economic recovery, may have contributed to the growth in the bank's business.

Peer Comparison

1. Industry-wide analysis: The banking industry as a whole benefited from economic recovery and rising interest rates, with many banks reporting growth in operating income in 2024. Overall, the banking industry faced an increase in interest income in the context of rising interest rates.

2. Peer evaluation analysis: Zions Bancorp's total operating revenue growth (12.10%) performed well in the same industry, demonstrating its competitiveness and profitability improvement in the market.

Summary

Zions Bancorp's operating income growth was mainly driven by the increase in net interest income and operating income, as well as the improvement in the market environment and the expansion of the customer base. However, compared with other large banks, Zions Bancorp's overall financial performance still faces a certain risk of decline.

Opportunities

1. With the recovery of the economy, credit demand is expected to increase, providing Zions Bancorp with an opportunity to expand its loan business.

2. The rise in interest rates may further increase net interest income and boost overall operating income.

3. If it can maintain stable growth in customer deposits, Zions Bancorp will further strengthen its financial position and market competitiveness.

Risks

1. Intensified market competition may put pressure on Zions Bancorp's market share and profit margin.

2. Although current operating income growth, overall performance still lags behind large banks, which may affect investor confidence.

3. The pressure on the industry's net interest margin may affect future income growth.