Zions Bancorporation Reports Strong Q4 Earnings Growth

Zions Bancorporation, National Association (N.A) ( (ZION) ) has released its Q4 earnings. Here is a breakdown of the information Zions Bancorporation, National Association (N.A) presented to its investors.

Zions Bancorporation, National Association, is a prominent financial services company operating in the banking sector, serving customers across 11 western U.S. states with a range of banking and financial products. In its latest quarter, Zions Bancorporation reported strong financial performance with net earnings of $200 million, an increase from the previous year’s $116 million, and a diluted EPS of $1.34. The company saw an 8% rise in net interest income and a notable improvement in its net interest margin to 3.05%. Additionally, customer-related noninterest income grew by 15%, while noninterest expenses decreased by 12%. Despite higher net loan losses, primarily from a single commercial credit, the company maintained a stable allowance for credit losses and reported a decrease in nonperforming loans. Zions Bancorporation also experienced growth in deposits and a slight reduction in borrowed funds. The estimated CET1 capital ratio increased to 10.9%, reflecting robust capital management. Going forward, Zions Bancorporation remains optimistic about sustaining growth, further improving its net interest margin, and increasing profitability in the upcoming year.