What is Zions Bancorporation's gross profit margin?

What guidance did Zions Bancorporation's management provide for the next earnings period?

What factors drove the changes in Zions Bancorporation's revenue and profit?

Did Zions Bancorporation beat or miss consensus estimates last quarter?

What were the key takeaways from Zions Bancorporation’s earnings call?

What does Zions Bancorporation do and what are its main business segments?

What is the revenue and EPS growth rate for Zions Bancorporation year over year?

What is the market's earnings forecast for Zions Bancorporation next quarter?

- **Core Earnings Strength**: 11 bps NIM expansion to 3.28% and 7% EPS growth despite one-off credit loss.
- **Credit Resilience**: Minimal charge-offs (4 bps annualized) outside isolated $50M event, with 213% coverage ratio.
- **Growth Drivers**: 2.1% loan growth QoQ and 8% noninterest income expansion.
- **Strategic Focus**: Commercial lending and capital markets leading 2026 growth, with SBA lending ranked top 15.
- **Capital Discipline**: CET1 ratio of 11.3% and buyback activity tied to AOCI recovery.

**【CEO Summary Section】**
- **Revenue Growth**: Core earnings showed momentum with customer fees (excluding NCVAs) up $10 million and adjusted expenses down $1 million. Net interest margin expanded 11 bps to 3.28%.
- **Credit Quality**: Recorded a $49M provision for credit losses due to isolated $50M charge-off from two borrowers. Excluding this, net charge-offs were minimal at 4 bps annualized.
- **Earnings**: Diluted EPS was $1.48, down 9% YoY but up 7% QoQ, driven by higher revenue and lower expenses.

**【CFO Financial Commentary】**
- **Net Interest Income**: Increased $52M (8%) QoQ, benefiting from asset repricing and deposit growth. NIM outlook for 2026Q3 is moderately higher.
- **Noninterest Income**: Customer-related fees grew 6% QoQ to $174M, with capital markets contributing 2% YoY growth.
- **Expense Management**: Adjusted expenses rose 4% YoY to $520M, driven by tech and salary costs, but efficiency ratio improved to 59.6%.
- **Balance Sheet**: Loans grew 2.1% annualized QoQ, while deposits expanded 3.1% annualized.

**【Q&A Highlights】**
- **Credit Review**: Executives confirmed the $50M charge-off was isolated, with no systemic risks in NDFI portfolio (3% of loans, well-diversified).
- **Loan Growth**: Commercial loans expected to lead 2026 growth, with SBA lending ranked 14th in the U.S.
- **Capital Strategy**: Buyback activity tied to AOCI recovery and capital ratios (~11.3% CET1).
- **Interest Rate Outlook**: 225 bps Fed cuts expected in 2025Q4-2026Q1, supporting NIM expansion.


Zions Bancorporation, National Association (ZION) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

ZION

ZION fundamentals

You can ask Aime