UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 COMMISSION FILE NUMBER 001-12307 ZIONS BANCORPORATION, NATIONAL ASSOCIATION (Exact name of registrant as specified in its charter) United States of America 87-0189025 (State or other jurisdiction of incorporation or organization) One South Main Salt Lake City, Utah 84133-1109 (Address of principal executive offices) (Zip Code) FORM 10-Q (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

Financial Performance - Net earnings for Q1 2025 were $169 million, with diluted EPS of $1.13, an increase of 18% compared to Q1 2024's net earnings of $143 million and diluted EPS of $0.96[2]. - Net income for Q1 2025 was $170 million, down from $216 million in Q4 2024, indicating a decrease of 21.3%[39]. - Adjusted net earnings applicable to common shareholders for Q1 2025 were $170 million, compared to $201 million in Q4 2024[49]. - Basic earnings per share for Q1 2025 was $1.13, down from $1.34 in Q4 2024, reflecting a decrease of 15.7%[39]. - Total shareholders' equity increased to $6.327 billion in Q1 2025, up 3% from $6.124 billion in Q4 2024 and up 9% from $5.829 billion in Q1 2024[27]. - Total shareholders' equity (GAAP) rose to $6,327 million in Q1 2025, up from $6,124 million in Q4 2024[52]. Revenue and Income Sources - Net interest income rose to $624 million, up 6% year-over-year, with a net interest margin (NIM) of 3.10%, compared to 2.94% in Q1 2024[4]. - Total interest income for Q1 2025 was $1,028 million, a decrease of 3.2% from $1,062 million in Q4 2024[39]. - Customer-related noninterest income grew by $6 million, or 4%, driven by higher loan-related fees and improved capital markets fees[14]. - Total noninterest income for Q1 2025 was $171 million, a decrease from $193 million in Q4 2024, representing a decline of 11.4%[39]. Loan and Deposit Metrics - Total loans and leases increased to $59.9 billion, a 3% rise from the previous year[4]. - Total deposits reached $75.7 billion, up 2%, with customer deposits (excluding brokered deposits) at $70.9 billion, a 1% increase[4]. - The loan-to-deposit ratio was 79%, compared to 78% in the prior year quarter[25]. - Total loans and leases increased to $59,941 million in Q1 2025, compared to $59,410 million in Q4 2024, representing a growth of 0.9%[40]. Asset Quality and Credit Losses - Nonperforming assets were stable at $307 million, or 0.51% of loans and leases, compared to 0.44% in the prior year[4]. - The provision for credit losses was $18 million, a decrease of $23 million, or 56%, compared to the prior year quarter[21]. - The provision for loan losses was $17 million for the three months ended March 31, 2025, compared to $38 million in Q4 2024, reflecting a significant decrease of 55.26%[42]. - Nonaccrual loans totaled $305 million as of March 31, 2025, an increase from $297 million at the end of 2024, representing a 2.69% increase[43]. Capital and Equity - The estimated common equity tier 1 (CET1) capital ratio improved to 10.8%, compared to 10.4% in the previous year[4]. - Estimated common equity tier 1 (CET1) capital increased by 7% to $7.4 billion, with a CET1 capital ratio of 10.8%, up from 10.4% in the prior year[30]. - Retained earnings rose by $512 million, reaching $6.805 billion in Q1 2025, compared to $6.293 billion in Q1 2024, reflecting an 8% increase[27]. - Tangible book value per common share increased to $34.95, compared to $29.34 in the previous year, driven by higher retained earnings and reduced unrealized losses[30]. Efficiency and Expenses - The efficiency ratio improved to 66.6%, compared to 67.9%, as adjusted taxable-equivalent revenue growth outpaced adjusted noninterest expense growth[17]. - Noninterest expense increased by $12 million, or 2%, year-over-year, with salaries and employee benefits rising by $11 million due to higher incentive compensation and severance expenses[16]. - The efficiency ratio increased to 66.6% from 62.0% in the previous quarter, indicating higher noninterest expenses relative to income[37]. Shareholder Returns - Common dividends paid were $65 million in Q1 2025, up from $61 million in Q1 2024, reflecting a 7% increase[27]. - The company repurchased 0.8 million common shares for $41 million in Q1 2025, compared to 0.9 million shares for $35 million in the same period last year[28].

Financial Performance - Zions Bancorporation reported annual net revenue of $3.1 billion for 2024 and total assets of approximately $89 billion as of December 31, 2024[18]. - Diluted EPS increased to $4.95 in 2024, up 14% from $4.35 in 2023, driven by lower provision for credit losses and higher noninterest income[172]. - Net interest income remained relatively flat at $2.43 billion, a slight decrease of 0.3% from $2.44 billion in 2023, with a net interest margin of 3.00%[178][179]. - Total loans and leases increased by $1.6 billion, or 3%, primarily due to growth in consumer and commercial loans[174]. - Total deposits rose by $1.3 billion, or 2%, with interest-bearing deposits increasing by $6.5 billion, or 15%[174][193]. - Provision for credit losses decreased by 45% to $72 million in 2024, compared to $132 million in 2023[178]. - Noninterest income increased by $19 million, or 3%, driven by higher capital markets and commercial account fees[174]. - Noninterest expenses decreased by $51 million, or 2%, primarily due to a reduction in deposit insurance and regulatory expenses[174]. - Common equity increased by 15% to $6.06 billion, reflecting strong capital growth[178]. - Total shareholders' equity increased to $6,053 million in 2024 from $5,279 million in 2023[196]. Capital Adequacy - At December 31, 2024, the Common Equity Tier 1 (CET1) ratio was 10.9%, exceeding the minimum requirement of 7.0%[37]. - The bank's Tier 1 risk-based capital ratio was 11.0%, above the minimum requirement of 8.5%[37]. - Total risk-based capital ratio stood at 13.3%, surpassing the minimum requirement of 10.5%[37]. - The Tier 1 leverage ratio was 8.3%, exceeding the minimum requirement of 4.0%[37]. - The company is subject to Basel III capital rules and has exceeded all capital adequacy requirements as of December 31, 2024[30]. - Internal stress tests indicate that capital ratios will exceed regulatory minimums and capital conservation buffer requirements throughout a nine-quarter horizon[46]. Employee and Workforce - Zions Bancorporation had 9,406 full-time equivalent employees at the end of 2024[18]. - At December 31, 2024, the company had 9,406 full-time equivalent employees, with approximately 58% being women and 38% identifying as part of a minority demographic[63]. - The company hosted over 1,000 training experiences in 2024 to support employee skill development and career advancement[70]. - The most recent pay equity review found no meaningful differences in pay levels across the workforce, ensuring fair compensation for all employees[73]. - The company had 9,406 full-time equivalent employees at the end of 2024, a decrease of 273 from the previous year[217]. Regulatory and Compliance - The CFPB's final rule under Section 1033 of the Dodd-Frank Act requires banks to provide consumer financial product information upon request, with compliance due by April 1, 2027[52][53]. - Proposed revisions to Regulation II could reduce fee income by approximately $10 million or more per year due to a nearly 30% decrease in the maximum permitted debit interchange fee[54]. - The company is subject to increased regulatory scrutiny and costs due to compliance with banking regulations, which may limit its business activities and growth potential[122]. Risk Management - Credit risk is a significant concern, with rising interest rates and market volatility potentially leading to increased charge-offs and higher allowances for credit losses[77]. - The Federal Reserve's tightened monetary policy has resulted in a decline in the value of fixed-rate loans and investment securities, impacting liquidity and risk management efforts[90]. - The company experienced heightened volatility in deposit levels and funding costs following notable bank closures in 2023, affecting liquidity and operating margins[89]. - The company is exposed to systemic risks that may arise from the interconnectedness of financial institutions, potentially leading to market-wide liquidity issues[93]. - Climate-related events and natural disasters pose risks to operations and financial results, particularly in regions vulnerable to such occurrences[104]. - The company faces significant cybersecurity risks, including threats from organized cybercrime and state-sponsored actors, which could adversely affect its business and financial performance[110]. - The company allocates resources to enhance cybersecurity defenses, but future incidents could still occur and impact operations[113]. - The complexity of accounting and regulatory compliance poses ongoing risks that could materially affect the company's financial reporting[118]. Business Operations - The bank served over one million customers through 404 branches and various digital offerings by year-end 2024[18]. - The bank operates through seven affiliate banks, emphasizing local authority and customization of products[19]. - The company operates 404 branches, with 275 owned and 129 leased, and its headquarters in Salt Lake City, Utah, is also leased[153]. - The company completed a multi-year project to replace core loan and deposit banking systems in July 2024, aimed at improving operational efficiency[98]. - The reliance on third-party suppliers for operational activities presents risks that could adversely affect business performance and customer service[106]. Strategic Focus - The company focuses on five strategic growth areas: commercial, small business, capital markets, wealth management, and consumer[169]. - The company invests in six key areas to achieve growth: people and empowerment, technology, marketing, operational excellence, risk management, and data and analytics[170]. Shareholder Actions - The company fully redeemed outstanding shares of Series G, I, and J preferred stock for approximately $374 million, resulting in a one-time reduction to net earnings of about $6 million[158]. - The company repurchased 0.9 million common shares for $35 million at an average price of $39.32 per share during the first quarter of 2024[161]. - The company declared a dividend of $0.43 per common share in January 2025, payable on February 20, 2025[160].

Zions Bancorporation, N.A. One South Main Salt Lake City, UT 84133 January 21, 2025 www.zionsbancorporation.com Fourth Quarter 2024 Financial Results: FOR IMMEDIATE RELEASE Investor Contact: Shannon Drage (801) 844-8208 Media Contact: Rob Brough (801) 844-7979 Zions Bancorporation, N.A. reports: 4Q24 Net Earnings of $200 million, diluted EPS of $1.34 compared with 4Q23 Net Earnings of $116 million, diluted EPS of $0.78, and 3Q24 Net Earnings of $204 million, diluted EPS of $1.37 | | | FOURTH QUARTER | | RES ...

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 September 30, 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 St ...

Zions Bancorporation, N.A. One South Main Salt Lake City, UT 84133 October 21, 2024 www.zionsbancorporation.com Third Quarter 2024 Financial Results: FOR IMMEDIATE RELEASE Investor Contact: Shannon Drage (801) 844-8208 Media Contact: Rob Brough (801) 844-7979 Zions Bancorporation, N.A. reports: 3Q24 Net Earnings of $204 million, diluted EPS of $1.37 compared with 3Q23 Net Earnings of $168 million, diluted EPS of $1.13, and 2Q24 Net Earnings of $190 million, diluted EPS of $1.28 THIRD QUARTER RESULTS | $1.37 ...

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 June 30, 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 ...

Part I. Financial Information [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=4&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In the first quarter of 2024, Zions Bancorporation reported diluted EPS of $0.96, a decrease from $1.33 in the prior year, driven by a 14% decline in net interest income due to higher funding costs, partially offset by a lower provision for credit losses, with loan growth and a 7% increase in total deposits year-over-year, stable credit quality, and strong capital ratios Q1 2024 Financial Highlights vs. Q1 2023 | Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | Diluted EPS | $0.96 | $1.33 | (27.8)% | | Net Interest Income | $586 million | $679 million | (14)% | | Provision for Credit Losses | $13 million | $45 million | (71)% | | Noninterest Expense | $526 million | $512 million | +3% | | Net Loan Charge-offs | $6 million (0.04% of avg. loans) | $0 million | N/A | - Total loans and leases increased by **$1.8 billion (3%)** year-over-year, driven by growth in consumer 1-4 family residential mortgages and commercial real estate (CRE) loans[19](index=19&type=chunk) - Total deposits grew by **$5.0 billion (7%)** year-over-year, with a notable shift from noninterest-bearing to interest-bearing accounts, reaching **$69.9 billion** in customer deposits (excluding brokered)[19](index=19&type=chunk) - Total borrowed funds decreased significantly by **$7.3 billion (57%)** from the prior year, largely due to the increase in interest-bearing deposits[19](index=19&type=chunk) [Results of Operations](index=5&type=section&id=Results%20of%20Operations) The company's results of operations in Q1 2024 were characterized by a significant 14% decrease in net interest income to $586 million, as rising funding costs outpaced higher earning asset yields, a substantially lower provision for credit losses at $13 million, flat noninterest income, and a 3% rise in noninterest expense due to a $13 million FDIC special assessment accrual [Balance Sheet Analysis](index=16&type=section&id=Balance%20Sheet%20Analysis) As of March 31, 2024, the balance sheet showed a 1% quarterly increase in the loan and lease portfolio to $58.1 billion, a 2% decrease in the investment securities portfolio to $21.7 billion in amortized cost, a slight 1% quarterly decrease in total deposits to $74.2 billion with 43% uninsured, and a loan-to-deposit ratio of 78% [Risk Management](index=21&type=section&id=Risk%20Management) The bank actively manages credit, interest rate, liquidity, and capital risks, demonstrating stable credit performance with low charge-offs, an asset-sensitive interest rate position, strong liquidity with $41.6 billion available sources covering 130% of uninsured deposits, and robust capital ratios, including a 10.4% CET1 ratio, exceeding all regulatory requirements [Financial Statements (Unaudited)](index=41&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements for the period ended March 31, 2024, including the Consolidated Balance Sheets, Statements of Income, Statements of Comprehensive Income, Statements of Changes in Shareholders' Equity, and Statements of Cash Flows, along with detailed Notes Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Total Assets | $87,060 | $87,203 | | Loans held for investment, net | $57,410 | $57,095 | | Total Deposits | $74,237 | $74,961 | | Total Liabilities | $81,231 | $81,512 | | Total Shareholders' Equity | $5,829 | $5,691 | Consolidated Statement of Income Highlights (in millions) | Account | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | Net Interest Income | $586 | $679 | | Provision for Credit Losses | $13 | $45 | | Noninterest Income | $156 | $160 | | Noninterest Expense | $526 | $512 | | Net Income | $153 | $204 | | Net Earnings Applicable to Common Shareholders | $143 | $198 | [Notes to Consolidated Financial Statements](index=45&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide detailed disclosures supporting the consolidated financial statements, covering basis of presentation, fair value measurements, investment securities, loan portfolio and allowance for credit losses, derivatives, leases, debt, equity, commitments, and operating segment information - Note 6 provides a detailed breakdown of the loan portfolio, with Commercial loans totaling **$30.5 billion**, Commercial Real Estate loans at **$13.6 billion**, and Consumer loans at **$14.1 billion** as of March 31, 2024[189](index=189&type=chunk) - Note 10 discloses material legal proceedings, including two cases related to a bankrupt borrower and a case concerning foreign transaction fees, with an aggregate range of reasonably possible losses estimated from zero to approximately **$10 million** in excess of accrued amounts[248](index=248&type=chunk)[249](index=249&type=chunk) - Note 14 details operating segment performance for Q1 2024, showing Zions Bank as the largest segment by income before taxes (**$76 million**), followed by California Bank & Trust (**$43 million**) and Amegy Bank (**$38 million**)[266](index=266&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=83&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section identifies interest rate risk as the company's most significant market risk and refers to the "Interest Rate and Market Risk Management" section of the MD&A for further detailed discussion - The company identifies interest rate and market risk as its most significant risks, which are closely monitored by management[267](index=267&type=chunk) [Controls and Procedures](index=83&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 31, 2024, with no material changes to internal control over financial reporting occurring during the first quarter of 2024 - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of March 31, 2024[268](index=268&type=chunk) - There were **no material changes** in internal control over financial reporting during the first quarter of 2024[268](index=268&type=chunk) Part II. Other Information [Legal Proceedings](index=83&type=section&id=Item%201.%20Legal%20Proceedings) This section incorporates by reference the information on legal proceedings detailed in Note 10 of the Notes to Consolidated Financial Statements, including ongoing cases related to a bankrupt borrower and a class action regarding foreign transaction fees - The company is involved in several legal proceedings, with details provided in Note 10 of the financial statements[269](index=269&type=chunk) [Risk Factors](index=83&type=section&id=Item%201A.%20Risk%20Factors) The company reports that there have been no material changes to the risk factors previously disclosed in its 2023 Form 10-K - **No material changes** to risk factors were reported since the 2023 Form 10-K filing[270](index=270&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=83&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchase activities for the first quarter of 2024, with a total of 890,167 shares repurchased in February as part of a publicly announced plan Share Repurchases in Q1 2024 | Period | Total Shares Repurchased | Average Price Paid per Share | | :--- | :--- | :--- | | January | — | — | | February | 890,167 | $39.32 | | March | — | — | | **First Quarter 2024** | **890,167** | **$39.32** | [Other Information](index=83&type=section&id=Item%205.%20Other%20Information) The company states that none of its directors or officers adopted, modified, or terminated a Rule 10b5-1(c) trading arrangement during the first quarter of 2024 - **No directors or officers adopted, modified, or terminated** a Rule 10b5-1(c) trading arrangement in Q1 2024[272](index=272&type=chunk) [Exhibits](index=84&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including corporate governance documents, the Zions Bancorporation 2024-2026 Value Sharing Plan, CEO/CFO certifications, and financial data formatted in Inline XBRL - Key exhibits filed include the **2024-2026 Value Sharing Plan (10.1)**, **CEO/CFO certifications (31.1, 31.2, 32)**, and **Inline XBRL financial data (101)**[273](index=273&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 of ...

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 September 30, 2023 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 St ...