Zions Bancorporation(ZION)

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Zions (ZION) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-04-21 23:00
Zions (ZION) reported $806 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 7.2%. EPS of $1.24 for the same period compares to $1.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $808.26 million, representing a surprise of -0.28%. The company delivered an EPS surprise of +3.33%, with the consensus EPS estimate being $1.20.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...
Zions (ZION) Q1 Earnings Beat Estimates
ZACKS· 2025-04-21 22:30
Zions (ZION) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this financial holding company would post earnings of $1.26 per share when it actually produced earnings of $1.34, delivering a surprise of 6.35%.Over the last four quarters, the co ...
Zions Bancorporation, National Association Reports First Quarter Financial Results
Prnewswire· 2025-04-21 20:10
Core Viewpoint - Zions Bancorporation reported a strong financial performance in Q1 2025, with net earnings of $169 million, reflecting an 18% increase from the previous year, driven by improved net interest margins and adjusted pre-provision net revenue [1][2]. Financial Performance - Net earnings applicable to common shareholders for Q1 2025 were $169 million, or $1.13 per diluted common share, compared to $143 million, or $0.96 per diluted common share in Q1 2024, and $200 million, or $1.34 per diluted common share in Q4 2024 [1]. - The net interest margin increased by 16 basis points, and adjusted pre-provision net revenue rose by 10% [2]. - A tax law change in Utah resulted in a charge of $0.11 per share to income tax expense, but is expected to accrete back into income over time [2]. Strategic Developments - The acquisition of four branches in California's Coachella Valley added approximately $630 million in deposits and $420 million in loans [2]. - The company aims to enhance service to new customers through its affiliate, California Bank & Trust [2]. Credit Quality - Credit quality remained stable, with nonperforming assets at 0.51% of loans and leases and annualized net charge-offs at 0.11% [2]. - The company expressed confidence in its credit culture and reserves to manage potential economic turbulence [2]. Company Overview - Zions Bancorporation reported annual net revenue of $3.1 billion in 2024 and total assets of approximately $89 billion as of December 31, 2024 [4]. - The company operates under local management teams in 11 western states and is recognized for its customer service in small- and middle-market banking [4].
Zions Bancorporation(ZION) - 2025 Q1 - Quarterly Results
2025-04-21 20:08
www.zionsbancorporation.com First Quarter 2025 Financial Results: FOR IMMEDIATE RELEASE Investor Contact: Shannon Drage (801) 844-8208 Media Contact: Rob Brough (801) 844-7979 Zions Bancorporation, N.A. reports: 1Q25 Net Earnings of $169 million, diluted EPS of $1.13 Zions Bancorporation, N.A. One South Main Salt Lake City, UT 84133 April 21, 2025 compared with 1Q24 Net Earnings of $143 million, diluted EPS of $0.96, and 4Q24 Net Earnings of $200 million, diluted EPS of $1.34 FIRST QUARTER RESULTS | $1.13 | ...
Countdown to Zions (ZION) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2025-04-15 14:20
The upcoming report from Zions (ZION) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 16.5% compared to the year-ago period. Analysts forecast revenues of $808.26 million, representing an increase of 7.5% year over year.The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a com ...
Zions (ZION) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-04-14 15:05
Zions (ZION) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 21. On the ...
Vectra Bank Colorado Welcomes Jamie Burt, Colorado Springs and Pueblo Market President
Prnewswire· 2025-04-10 08:00
Core Insights - Vectra Bank Colorado has appointed Jamie Burt as the Community Banking team leader for Colorado Springs and Pueblo, focusing on community and business growth [1][2] Group 1: Leadership and Experience - Jamie Burt brings over 40 years of banking experience, with a recent role in a Commercial Real Estate team at a major national bank, emphasizing his expertise in deal structuring and middle market knowledge [2] - Burt values teamwork, patience, and listening, aiming to enhance Vectra's existing team and engage more with the local community [2] Group 2: Personal Background - Since relocating to Colorado in 2016, Burt has embraced local activities such as boating and cycling, and he has a family with two grown children and a recently welcomed grandchild [2][3] Group 3: Educational Background - Burt holds a BA in Economics from Wheaton College and graduated from the Graduate School of Banking at the University of Wisconsin, Madison in 2008 [3] Group 4: Company Overview - Vectra Bank Colorado has assets totaling $4 billion and operates 34 locations in Colorado and one in New Mexico, focusing on small, middle-market, and corporate clients [4] - The bank is part of Zions Bancorporation, which is included in the S&P 400 Mid-Cap and NASDAQ Financial 100 indices [4]
CALIFORNIA BANK & TRUST EXPANDS PRESENCE IN THE COACHELLA VALLEY FOLLOWING ACQUISITION OF FIRSTBANK'S CALIFORNIA OPERATIONS
Prnewswire· 2025-03-24 13:00
Core Insights - California Bank & Trust (CB&T) is expanding its presence in the Coachella Valley through the acquisition of FirstBank's California banking operations, integrating four newly converted branches to enhance its service offerings [1][4] - The Grand Opening Celebration is scheduled for March 24, 2025, at the Palm Desert branch, inviting community members to participate in networking and festivities [3][6] - CB&T emphasizes a seamless transition for clients and employees, maintaining high customer service standards and retaining familiar staff in the newly converted branches [4][6] Company Commitment - CB&T is deepening its investment in the Coachella Valley by engaging in community partnerships and supporting local events such as the Coachella Valley Firebirds and Fashion Week El Paseo [5][6] - The bank aims to build meaningful relationships within the community, recognizing that the strength of a community lies in its people and businesses [6] Company Background - CB&T has been serving California families and businesses for over 70 years, providing personalized banking solutions with local decision-making [8] - The bank has received multiple accolades, including being voted "Best Bank" by San Diego Union-Tribune readers for 14 consecutive years and recognized for excellence in Middle-Market and Small Business banking [9]
Zions Bancorporation: Hit By Growing Economic Uncertainty
Seeking Alpha· 2025-03-17 12:31
Core Viewpoint - Zions Bancorporation has shown relatively sound operational performance but has not been immune to the recent turbulence affecting bank stocks [1] Group 1: Company Performance - Despite the recent market turbulence, Zions Bancorporation had been a strong performer in the months following the turbulence [1] - The company is favored for a long-term, buy-and-hold investment strategy, particularly for stocks that can sustainably post high-quality earnings [1] Group 2: Investment Strategy - The investment approach focuses on dividend and income stocks, indicating a preference for stable and reliable earnings [1]
ZION or FHB: Which Is the Better Value Stock Right Now?
ZACKS· 2025-03-11 16:40
Core Viewpoint - Zions (ZION) is currently considered a more attractive option for value investors compared to First Hawaiian (FHB) based on various valuation metrics [7]. Valuation Metrics - ZION has a forward P/E ratio of 8.74, while FHB has a forward P/E of 12.86 [5]. - ZION's PEG ratio is 1.37, indicating a more favorable growth expectation compared to FHB's PEG ratio of 3.02 [5]. - ZION's P/B ratio stands at 1.15, compared to FHB's P/B of 1.24, suggesting ZION is more undervalued relative to its book value [6]. - ZION has earned a Value grade of B, while FHB has a Value grade of D, further supporting ZION's position as the superior value option [6]. Earnings Outlook - Both ZION and FHB have a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions [3].