Net Interest Margins Widened As we move forward in 2024, the cost of funds has about peaked, while more and more new loans come with a higher yield. Cost of funds here was 2.11%, 5 basis points higher than in the sequential Q1. Coupled with the big yields on loans, which hit 5.31%, 50 basis points higher than a year ago, the net interest margin widened to 2.98% versus 2.92% a year ago. The margins were also up from the sequential Q1, which was 2.94%. While new loans are going out at a higher rate, the impac ...

Shares of Zions Bancorporation (ZION) gained 3.1% in the after-market session in response to better-thanexpected second-quarter 2024 results. Adjusted net earnings per share (EPS) of $1.21 surpassed the Zacks Consensus Estimate of $1.10. Moreover, the bottom line increased 9% from the year-ago quarter. Results were primarily aided by lower provisions and higher net interest income (NII). Also, higher loans and deposits were other positives. However, a decline in non-interest income and a rise in adjusted no ...

Basic 1D 10Y MAX Advanced 용 45 40 35 30 25 Sep 2023 Nov 2023 Jan 2024 Mar 2024 May 2024 Jul 2024 StellaMc Seeking Alpha Net interest income rose by $11 million from Q1 and 1% from last year. ZION has seen modest balance sheet growth, and its net interest margin (NIM) of 2.98% was up 4bps sequentially. Funding costs reduced NIM by 3bps, while asset reinvestment and loan growth boosted NIM by 7bps. NIM is now at the highest level in over a year, as Zions has managed through the regional banking crisis fairly ...

John Pancari Operator I want to start maybe for you, Ryan. So if we could unpack this a little bit more. So just looking at the changes that you've made, I don't know what slide, this is on the net interest income sensitivity. So you're taking down the assumption for deposit beta a bit. And I'm wondering, is that because you overlay the current forward curve, so you have more cut in the curve and that's why you're looking for a lower beta or is something else driving that? Because it seems like that's what' ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here i ...

SALT LAKE CITY, July 22, 2024 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) ("Zions" or "the Bank") today reported net earnings applicable to common shareholders for the second quarter of 2024 of $190 million, or $1.28 per diluted common share, compared with net earnings applicable to common shareholders of $166 million, or $1.11 per diluted common share, for the second quarter of 2023, and net earnings applicable to common shareholders of $143 million, or $0.96 per diluted common share, for the ...

| --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, "Second quarter results | | demonstrated continued improvement in our net interest margin, effective expense management, strong credit quality as reflected in continued low loan losses, and strengthened ca ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $761.11 million, down 3.8% from the year-ago quarter. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 22. On the other hand, if th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ COMMISSION FILE NUMBER 001-12307 ZIONS BANCORPORATION, NATIONAL ASSOCIATION (Exact name of registrant as specified in its charter) United States ...

Zions Bancorporation, National Association (NASDAQ:ZION) Q1 2024 Earnings Call Transcript April 22, 2024 9:30 AM ET Company Participants Shannon Drage - Director of IR Harris Simmons - Chairman and CEO Ryan Richards - CFO Scott McLean - President and COO Derek Steward - Chief Credit Officer Matt Tyler - Corporate Treasurer Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore Steven Alexopoulos - J.P. Morgan Bernard Von Gizycki - Deutsche Bank Ken Usdin - Jefferies Brandon King ...