Zions Bancorp (ZION) remains well-positioned for growth driven by strong loans and deposits, higher interest rates and efforts to boost fee income. However, a mounting expense base and deteriorating asset quality act as headwinds. Zions remains focused on its organic growth strategy. The company's total revenues recorded a CAGR of 2.3% in the last five years (2018-2023). This was primarily driven by robust loan growth, with loans and net leases (net of unearned income and fees) witnessing a 4.4% CAGR in the ...

SALT LAKE CITY, Aug. 2, 2024 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors ("board") declared a regular quarterly dividend of $0.41 per common share, payable August 22, 2024, to shareholders of record at the close of business on August 15, 2024. Additionally, the board declared regular quarterly cash dividends on the company's various perpetual preferred shares, as detailed below. The cash dividend on the following series are payable September 15, 2024 ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

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 ...

Zions Bancorporation, National Association (NASDAQ:ZION) Q2 2024 Earnings Conference Call July 22, 2024 5:30 PM ET Company Participants Shannon Drage - Senior Director of IR Harris Simmons - Chairman and CEO Ryan Richards - CFO Scott McLean - President and COO Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Ben Gerlinger - Citi Steven Alexopoulos - JPMorgan Ken Usdin - Jefferies Bernard Von Gizycki - Deutsche Bank Brandon King - Truist Securities Chris McGratty - KBW ...

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 ...