ZION Earnings Prediction
The chart below shows how ZION performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ZION sees a -6.14% change in stock price 10 days leading up to the earnings, and a -4.58% change 10 days following the report. On the earnings day itself, the stock moves by +2.40%. This data can give you a slight idea of what to expect for the next quarter's release.
ZION Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
729.00M
3.40%
-4.95%
Gross Margin
--
--
--
Operating Margin
30.04%
-11.75%
-16.81%
Net Margin
27.43%
53.50%
-1.68%
EPS
1.36
74.36%
-0.73%
No Data Available
ZION Earnings Analysis
Zions Bancorporation NA Corporation (ZION.O) Earnings Conference Call
Positive
Q3 Net Earnings Increase: Net earnings for Q3 were $204 million, an increase of $14 million due to higher revenues and lower expenses.
Customer Deposit Growth: Customer deposits increased by 1.5 percentage points quarter-over-quarter, with non-interest bearing demand deposits rising by 1%.
Net Interest Margin Improvement: Net interest margin expanded by 5 basis points sequentially and improved by 10 basis points compared to the same quarter last year.
Customer Non-Interest Income Growth: Customer-related non-interest income rose to $161 million, up from $154 million in the prior quarter, driven by a $7 million increase in capital market fees.
Tier 1 Ratio Improvement: The common equity Tier 1 ratio improved to 10.7%, up from 10.6% in the previous quarter and 10.2% a year ago.
Negative
Classified Loan Balance Increase: Classified loan balances increased by $829,000,000, primarily in the multifamily portfolio, indicating a deterioration in credit quality.
Rising Non-Performing Assets: Non-performing assets rose by $103,000,000 to $306,000,000, now representing 62 basis points of loans, reflecting increased credit risk.
Modest Loan Growth: Loan growth was modest at under 1% for the quarter, suggesting weak demand and potential headwinds in the lending environment.
Credit Loss Allowance Increase: The allowance for credit losses increased to 1.25% of total loans and leases, indicating a cautious approach to potential future losses amid economic uncertainty.
Deposit Balance Decline: Average non-interest bearing deposit balances declined slightly, signaling potential challenges in maintaining customer deposits.
ZION FAQs
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ZION Earning Call Sentiment
Earnings call transcript: Zions Bancorporation beats Q4 2024 expectations
ZION.O
-3.08%Positive
The earnings call summary reflects solid financial performance with increased net earnings, improved net interest margin, and higher customer deposits. The Q&A session highlights a positive outlook on net interest income and capital markets growth. Despite concerns about classified loans, management's conservative grading approach and optimism about refinancing mitigate these risks. The overall sentiment is positive, with strong financial metrics and optimistic guidance likely to boost the stock price.
