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Zions Bancorporation, National Association (N.A) (ZION)
:ZION
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.26Last Year’s EPS
0.78Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2019
|% Change Since: 16.68%
|Next Earnings Date:Oct 22, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted improvements in financial performance, net interest margin expansion, and a record quarter for the Capital Markets division. However, it also addressed challenges with an increase in classified loans and issues in the multifamily portfolio. Despite these concerns, the overall sentiment is positive due to strong net earnings, strategic acquisitions, and low loan losses.Company Guidance
During the Zions Bancorporation Q3 2024 earnings call, several key metrics were highlighted. The company reported net earnings of $204 million, reflecting an improvement of $15 million due to higher revenues and lower expenses. The net interest margin expanded by 5 basis points in the quarter, reaching 10 basis points higher than the previous year. Classified loan balances increased by $829 million, driven largely by the multifamily portfolio. The common equity Tier 1 ratio improved to 10.7%, while the tangible common equity ratio increased by 50 basis points to 5.7%. Additionally, diluted earnings per share rose by 7% from the prior quarter to $1.37. The company also announced the acquisition of four branches from First Bank, bringing in approximately $730 million in deposits and $420 million in loans.Improved Financial Performance
Net earnings for the quarter were $204 million, improving by $15 million due to higher revenues and lower expenses. Diluted earnings per share increased by 7% from the prior quarter and 21% from the year-ago period.
Net Interest Margin Expansion
Net interest margin expanded by 5 basis points in the quarter, and by 10 basis points compared to the year-ago quarter.
Record Capital Markets Performance
Capital Markets division had a record quarter, contributing to strong customer-related fee income.
Branch Acquisition
Agreement with First Bank to acquire 4 branches in Coachella Valley, adding $730 million in deposits and $420 million in loans, pending regulatory approval.
Low Level of Loan Losses
Net charge-offs were just 2 basis points annualized as a percentage of average loans for the quarter.
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Zions Bancorporation National Association (ZION) Earnings, Revenues Date & History
ZION Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ZION Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $49.09 | $52.13 | +6.19% |
| Jul 22, 2024 | $48.68 | $51.68 | +6.16% |
| Apr 22, 2024 | $38.92 | $40.28 | +3.49% |
| Jan 22, 2024 | $41.78 | $41.26 | -1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Zions Bancorporation, National Association (N.A) (ZION) report earnings?
Zions Bancorporation, National Association (N.A) (ZION) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Zions Bancorporation, National Association (N.A) (ZION) earnings time?
Zions Bancorporation, National Association (N.A) (ZION) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZION EPS forecast?
ZION EPS forecast for the fiscal quarter 2024 (Q4) is 1.26.
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