Financial Performance - Net earnings to common were $169 million in 1Q25, a decrease of $31 million compared to 4Q24 and an increase of $26 million compared to 1Q24[8, 10] - Net interest margin increased to 310% in 1Q25, up 5 basis points from 4Q24 and 16 basis points from 1Q24[8] - Adjusted pre-provision net revenue was $267 million in 1Q25, a 14% decrease compared to 4Q24 and a 10% increase compared to 1Q24[8, 10] - Net charge-offs were 011% of loans annualized in 1Q25[8, 10] Balance Sheet and Loan Portfolio - Average loans grew 05% versus prior quarter, while average customer deposits experienced a seasonal decline of 12%[10] - Total investment securities and money market investments were $187 billion and $29 billion respectively at the end of 1Q25, representing 26% of earning assets[57] - Commercial real estate portfolio is $136 billion, representing 23% of total loans[69] Credit Quality - Allowance for credit losses was 124% of total loans and leases, down one basis point from the previous quarter[65] - Nonperforming assets were 051% of loans plus OREO[68] - Classified loans were 48% of total loans[68] Outlook - Loan balances are expected to be stable to slightly increasing[90] - Net interest income is expected to increase slightly to moderately[90] - Customer-related noninterest income is expected to increase slightly to moderately[90]

Financial Performance - Zions reported $806 million in revenue for Q1 2025, a year-over-year increase of 7.2% [1] - EPS for the same period was $1.24, up from $1.03 a year ago, exceeding the consensus estimate of $1.20 by 3.33% [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $808.26 million, resulting in a surprise of -0.28% [1] Key Metrics - Net interest margin was 3.1%, matching the five-analyst average estimate [4] - Average balance of total interest-earning assets was $83 billion, slightly below the estimated $83.09 billion [4] - Efficiency ratio stood at 66.6%, higher than the average estimate of 65.5% [4] - Net charge-offs to average loans and leases were 0.1%, better than the estimated 0.2% [4] - Total nonperforming assets amounted to $307 million, exceeding the average estimate of $292.62 million [4] - Tier 1 leverage ratio was 8.4%, below the average estimate of 8.6% [4] - Tier 1 risk-based capital ratio was 10.9%, lower than the average estimate of 11.4% [4] - Total risk-based capital ratio was 13.3%, slightly below the average estimate of 13.4% [4] - Total nonaccrual loans were $305 million, higher than the average estimate of $287.48 million [4] - Total noninterest income was $171 million, exceeding the estimated $169.93 million [4] - Commercial account fees were $45 million, slightly below the average estimate of $46.06 million [4] - Other customer-related fees were $14 million, in line with the average estimate of $14.51 million [4] Stock Performance - Zions shares have returned -10.6% over the past month, compared to the S&P 500 composite's -5.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

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 ...

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].

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 | ...

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) 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 ...

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]

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]

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]