Zions Bancorporation(US:ZION) Ge Long Hui·2025-10-21 09:21Core Insights - Zions Bancorporation (ZION.US) reported a 4.65% increase in stock price, followed by a pre-market rise of 2.87% to $53.47 after the release of its Q3 earnings report, which showed earnings per share of $1.48, exceeding Wall Street's expectation of $1.46 [1][1][1] Financial Performance - The bank's credit loss provision for the quarter was $49 million, compared to $13 million in the same period last year [1] - Following the earnings report, JPMorgan raised Zions' target price from $58 to $62, while UBS analyst Nicholas Holowko maintained a hold rating and increased the target price from $58 to $63 [1][1] Management Commentary - CEO Harris H. Simmons noted that the quarter's credit performance was impacted by a $5 million charge-off and a full provision for approximately $10 million in exposure related to loans to two affiliated companies, which were found to have significant violations and misrepresentations [1] - The bank has initiated legal action to recover debts from loan guarantors, and excluding this loss, the remaining net charge-offs were only $600,000, representing an annualized rate of just 4 basis points of average loan balances, indicating overall strong performance [1][1]