Zions Bancorporation Reports Third Quarter 2024 Financial Results

Zions Bancorporation Reports Third Quarter 2024 Financial Results

Zions Bancorporation, N.A. (NASDAQ: ZION) has announced its financial results for the third quarter of 2024, showcasing a solid performance with notable improvements in key financial metrics.

Key Financial Metrics:

Zions Bancorporation reported a 21% year-over-year increase in earnings per share, reaching $1.37, surpassing the consensus estimate of $0.88. This growth reflects the bank's strengthened net interest margin and controlled operating costs.

Revenue Performance by Segment:

The company did not provide a detailed breakdown of revenue performance across major segments or comparisons to previous guidance.

Operational Data:

No additional operational data was provided in the earnings release.

Comments from Company Officers:

Harris H. Simmons, Chairman and CEO, expressed satisfaction with the financial performance, highlighting the improvement in net interest margin and the stability of noninterest-bearing demand deposits. He also noted the increase in classified loans but reassured that credit losses remain well controlled.

Dividends and Share Repurchase Program:

The earnings release did not mention any announcements regarding dividends or share repurchase programs.

Forward Guidance:

The company did not provide specific forward guidance in the earnings release.

Stock Price Movement:

Following the earnings release, Zions Bancorporation's stock experienced a decline of approximately 1.86%.

For more detailed financial information and the full earnings release, visit Zions Bancorporation's website .

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