Zions Bancorporation, N.A. (NASDAQ:ZION) Posts Quarterly Earnings Results

Zions Bancorporation, N.A. (NASDAQ:ZION) announced its quarterly earnings data on Monday. The bank reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.14, Zacks reports. Zions Bancorporation, N.A. had a return on equity of 13.72% and a net margin of 23.92%. The company had revenue of $887.00 million for the quarter, compared to analysts’ expectations of $889.52 million. During the same quarter in the prior year, the business posted $1.48 EPS.

Here are the key takeaways from Zions Bancorporation, N.A.’s conference call:

• Third-quarter earnings improved: Net income available to common shareholders rose 20% year over year to $262 million, or $1.78 per share, supported by higher net interest income, customer-related fees, modest loan growth, and strong credit performance.
• Management provided an optimistic interest-income outlook, forecasting third-quarter 2027 net interest income growth of approximately 8%–12%, based on three expected rate hikes, loan repricing, securities-to-loan repositioning, and continued reduction in wholesale funding.
• Credit quality remained exceptionally strong, with annualized net charge-offs of just 2 basis points, declining classified and criticized loans, and allowance coverage of 207% of non-accrual loans.
• Capital markets fee income continues to gain momentum, while the Basis multifamily agency acquisition expands Zions’ financing capabilities; management expects $17 million–$20 million of revenue from the platform in 2027 and $30 million–$40 million over the medium term.
• Near-term profitability remains pressured by higher deposit costs and lower-yielding excess liquidity, while loan growth is expected at only 2%–4% in the comparable 2027 quarter, with CRE growth tempered by competition, higher rates, and market supply-demand conditions.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION opened at $63.14 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26. Zions Bancorporation, N.A. has a 12 month low of $48.50 and a 12 month high of $73.34. The stock has a 50 day moving average of $66.22 and a 200-day moving average of $65.64. The company has a market capitalization of $9.22 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.04 and a beta of 0.84.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.0%. Zions Bancorporation, N.A.’s payout ratio is 24.46%.

Zions Bancorporation, N.A. announced that its board has initiated a share buyback plan on Thursday, July 30th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the bank to reacquire up to 0.7% of its shares through open market purchases. Share repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total transaction of $62,267.10. Following the completion of the transaction, the executive vice president directly owned 17,449 shares of the company’s stock, valued at $1,215,322.85. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Scott J. Mclean sold 33,285 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $70.63, for a total transaction of $2,350,919.55. Following the completion of the transaction, the president owned 73,043 shares in the company, valued at approximately $5,159,027.09. This represents a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 88,787 shares of company stock worth $6,283,858. Company insiders own 1.43% of the company’s stock.

Zions Bancorporation, N.A. News Summary

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: Third-quarter diluted earnings per share rose to $1.78 from $1.48 a year earlier and topped the $1.64 consensus estimate. Net earnings applicable to common shareholders increased to $262 million. Zions Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Credit quality improved substantially: Zions recorded an $8 million provision benefit, compared with a $49 million expense in the prior-year quarter, while net charge-offs declined to $3 million from $56 million. Zions Posts Third-Quarter Net Earnings
• Positive Sentiment: Loans and leases grew 4% year over year to $62.5 billion, deposits increased 4% to $77.9 billion, and the estimated common equity Tier 1 ratio improved to 11.8% from 11.3%, supporting balance-sheet and capital strength. Zions Reports Third-Quarter Financial Results
• Neutral Sentiment: Net interest income rose 2% to $684 million and noninterest income increased to $197 million, indicating continued revenue growth, although the overall revenue outcome was mixed relative to analyst expectations. Zions Bancorporation Q3 Earnings and Revenue Rise
• Negative Sentiment: Reported revenue of approximately $881 million to $887 million was below at least one consensus estimate of $891.93 million, while noninterest expense increased 5% to $553 million. The revenue miss and higher costs may have offset the earnings and credit-quality beats. Zions Earnings and Revenue Report

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ZION shares. DA Davidson raised their target price on shares of Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald lowered their target price on shares of Zions Bancorporation, N.A. from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. UBS Group initiated coverage on shares of Zions Bancorporation, N.A. in a research report on Monday, September 14th. They set a “buy” rating and a $78.00 price target on the stock. Stephens cut their price target on shares of Zions Bancorporation, N.A. from $82.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, N.A. from $75.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, October 1st. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.59.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a regional financial services company headquartered in Salt Lake City, Utah. Through its affiliated banks, the company provides banking and related financial services to individuals, small businesses, middle-market companies, and institutional clients.

Its offerings include commercial and industrial lending, commercial real estate financing, small-business banking, consumer loans, residential mortgages, deposit accounts, treasury management, investment services, and private banking.