Zions Bancorporation(US:ZION) 智通财经网·2025-10-20 23:21Core Viewpoint - Despite significant losses from two loans, Zion Bank reported a profit increase in Q3, driven by growth in interest income [1][2] Financial Performance - Zion Bank's Q3 revenue reached $872 million, a year-on-year increase of 8.5%, exceeding market expectations [1] - The bank's net interest income rose from $620 million in the same period last year to $672 million [2] - Net profit applicable to shareholders for the three months ended September 30 was approximately $221 million, translating to earnings per share of $1.48, compared to $204 million and $1.37 per share in the same period last year [2] Loan Losses and Market Reaction - The bank disclosed a $50 million loss from two commercial and industrial loans in its California branch for Q3 [1] - CEO Harris Simmons stated that excluding this loss, the remaining net write-offs were only $6 million, representing a mild annualized rate of 4 basis points of average loans [1] - Following the disclosure of these losses, bank stocks experienced a decline, but U.S. bank stocks rebounded the following Friday, alleviating some market tension [1] Analyst Insights - Analyst Terry McEvoy from Stephens noted that several U.S. regional banks did not report unusual or unexpected credit losses in their Q3 results, and management's outlook for Q4 was reassuring [1] - The trends suggest that the pressures faced by a few companies are more isolated incidents rather than emerging trends [1]