Earnings summaries and quarterly performance for ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/.
Executive leadership at ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/.
Harris Simmons
Detailed
Chairman and Chief Executive Officer
CEO
SM
Scott McLean
Detailed
President and Chief Operating Officer
CK
Christopher Kyriakakis
Chief Risk Officer
DS
Derek Steward
Chief Credit Officer
EE
Eric Ellingsen
President and Chief Executive Officer – California Bank & Trust
JA
Jason Arbuckle
Corporate Controller
JS
Jennifer Smith
Chief Technology and Operations Officer
PB
Paul Burdiss
President and Chief Executive Officer – Zions Bank
RM
Rena Miller
General Counsel and Corporate Secretary
RR
Ryan Richards
Chief Financial Officer
SL
Scott Law
Chief Human Resources Officer
SS
Steven Stephens
President and Chief Executive Officer – Amegy Bank
Board of directors at ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/.
AS
Aaron Skonnard
Detailed
Director
BY
Barbara Yastine
Detailed
Director
CH
Claire Huang
Detailed
Director
EM
Edward Murphy
Detailed
Director
GC
Gary Crittenden
Detailed
Director
MC
Maria Contreras-Sweet
Detailed
Director
SQ
Stephen Quinn
Detailed
Lead Independent Director
SG
Suren Gupta
Detailed
Director
VL
Vivian Lee
Detailed
Director
Research analysts who have asked questions during ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ earnings calls.
Anthony Elian
JPMorgan
6 questions for ZION
Also covers: BANC, CMA, COLB +11 more
Bernard Von Gizycki
Deutsche Bank
6 questions for ZION
Also covers: CMA, EWBC, FCNCA +8 more
JP
John Pancari
Evercore ISI
5 questions for ZION
Also covers: ALLY, AXP, BFH +19 more
Jon Arfstrom
RBC Capital Markets
5 questions for ZION
Also covers: ALLY, ASB, BFH +24 more
MG
Manan Gosalia
Morgan Stanley
5 questions for ZION
Also covers: CADE, CBC, CFG +17 more
Christopher McGratty
Keefe, Bruyette & Woods
4 questions for ZION
Also covers: ASB, BAC, BANC +35 more
MC
Matthew Clark
Piper Sandler
4 questions for ZION
Also covers: AVBH, BANC, BANR +24 more
PW
Peter Winter
D.A. Davidson
4 questions for ZION
Also covers: BFIN, BOKF, CFG +12 more
David Smith
Truist Securities
3 questions for ZION
Also covers: AESI, BK, CLB +20 more
KU
Ken Usdin
Autonomous Research
3 questions for ZION
Also covers: BAC, BK, C +12 more
Ben Gerlinger
Citigroup
2 questions for ZION
Also covers: BKU, BPOP, CADE +10 more
Benjamin Gerlinger
Citigroup Inc.
2 questions for ZION
Also covers: BANC, BKU, BOKF +18 more
CM
Chris McGratty
KBW
2 questions for ZION
Also covers: BAC, C, CBC +18 more
Dave Rochester
Cantor Fitzgerald
2 questions for ZION
Also covers: CFG, EWBC, FLG +3 more
JL
Janet Lee
TD Cowen
2 questions for ZION
Also covers: AUB, COLB, EBC +16 more
TC
Tim Coffey
Janney Montgomery Scott
2 questions for ZION
Also covers: BMRC, CVBF, GBFH +2 more
Bill Carcache
Wolfe Research, LLC
1 question for ZION
Also covers: BFH, CMA, COF +10 more
CS
Christopher Spahr
Wells Fargo
1 question for ZION
Also covers: MTB, RF
KU
Kenneth Usdin
Jefferies
1 question for ZION
Also covers: BK, C, FITB +7 more
MM
Michael Mayo
Wells Fargo
1 question for ZION
Also covers: BAC, BK, C +10 more
Samuel Varga
UBS
1 question for ZION
Also covers: BPOP, COLB, EWBC +9 more
Recent press releases and 8-K filings for ZION.
Zions Bancorporation Prices Senior Notes
ZION
Debt Issuance
- Zions Bancorporation, N.A. priced $500,000,000 of fixed-to-floating rate senior notes (CUSIP: 98971DAE0) due February 9, 2029, with settlement expected on February 9, 2026.
- The notes will have an annual fixed interest rate of 4.483% until February 9, 2028, after which the rate will be Compounded SOFR plus 1.055%.
- Zions intends to use the net cash proceeds from this offering to reduce short-term borrowings.
- As of December 31, 2025, Zions Bancorporation had approximately $89 billion in total assets and reported $3.4 billion in annual net revenue for 2025.
2 days ago
Zions Bancorporation Reports Strong Q4 2025 Results and Positive 2026 Outlook
ZION
Earnings
Guidance Update
Share Buyback
- Zions Bancorporation reported strong Q4 2025 earnings of $262 million, a 19% increase from the prior quarter, with diluted earnings per share of $1.76.
- The net interest margin expanded for the eighth consecutive quarter to 3.31%, supported by an improved funding mix and 9% growth in customer deposits.
- For full-year 2026, the company projects moderately increasing Net Interest Income, customer-related fee income, and period-end loan balances, anticipating 100 to 150 basis points of positive operating leverage.
- Tangible book value per share grew 21% in 2025, marking the third consecutive year of over 20% growth, and management expects to accelerate capital returns, including share buybacks, in the second half of 2026.
- Credit quality remained strong with net charge-offs at 5 basis points of total loans, while strategic focus areas include small business lending and continued growth in capital markets fees.
Jan 20, 2026, 10:30 PM
Zions Bancorporation Reports Strong Q4 2025 Results and Positive 2026 Outlook
ZION
Earnings
Guidance Update
Share Buyback
- Zions Bancorporation reported Q4 2025 earnings of $262 million, a 31% increase year-over-year, with diluted earnings per share of $1.76. The net interest margin expanded for the eighth consecutive quarter to 3.31%.
- Customer deposits grew 9% year-over-year, and period-end loan balances increased by $615 million sequentially, while credit quality remained strong with net charge-offs at five basis points of total loans.
- Tangible book value per share increased 21% in 2025, marking the third consecutive year of over 20% growth.
- For the full year 2026, the company projects moderately increasing net interest income, customer-related fee income, and period-end loan balances, alongside an expectation of 100 to 150 basis points of positive operating leverage.
- With a Common Equity Tier 1 ratio of 11.5%, the company anticipates being in a position to increase capital distributions, including potential share buybacks, in the second half of 2026.
Jan 20, 2026, 10:30 PM
Zions Bancorporation Reports Q4 2025 Results and Provides 2026 Outlook
ZION
Earnings
Guidance Update
Share Buyback
- Zions Bancorporation reported Q4 2025 earnings of $262 million, a 19% increase from the prior quarter and 31% from a year ago, with diluted earnings per share reaching $1.76.
- The company's net interest margin (NIM) expanded for the eighth consecutive quarter to 3.31%, driven by an improved funding mix and customer deposit growth. Net interest income increased by $11 million sequentially.
- Customer deposits grew at a healthy pace, up 9% annualized, contributing to a reduction in reliance on short-term borrowings. The outlook for full-year 2026 net interest income and customer-related fee income is moderately increasing.
- Tangible book value per share increased 21% in 2025, marking the third consecutive year of over 20% growth, and the Common Equity Tier 1 (CET1) ratio stood at 11.5%. The company anticipates being in a position to accelerate capital returns in the second half of 2026.
- Adjusted noninterest expense was $548 million for Q4 2025, including a $15 million charitable donation. The outlook for full-year 2026 adjusted noninterest expense is moderately increasing, with an expectation of 100 to 150 basis points of positive operating leverage.
Jan 20, 2026, 10:30 PM
Zions Bancorporation Reports Strong Fourth Quarter and Full-Year 2025 Financial Results
ZION
Earnings
Revenue Acceleration/Inflection
- Zions Bancorporation reported net earnings applicable to common shareholders of $262 million, or $1.76 per diluted common share, for the fourth quarter of 2025, representing a 31% increase in EPS compared to the prior year's quarter.
- For Q4 2025, adjusted taxable-equivalent revenue increased 7.1% to $879 million, while the net interest margin improved to 3.31% from 3.05% a year ago.
- The company's credit quality remained strong, with annualized net charge-offs at 0.05% of loans, and capital strengthened, with the Common Equity Tier 1 capital ratio reaching 11.5%.
- For the full year 2025, earnings per share increased 21%, and adjusted taxable equivalent revenue rose 7.4%.
- Zions Bancorporation reported annual net revenue of $3.4 billion and total assets of approximately $89 billion at December 31, 2025.
Jan 20, 2026, 9:10 PM
Zions Bancorporation reports strong Q4 and full-year 2025 financial results
ZION
Earnings
Revenue Acceleration/Inflection
Capital
- Zions Bancorporation reported net earnings of $262 million and diluted EPS of $1.76 for Q4 2025, marking a 31% increase in diluted EPS compared to Q4 2024. For the full year 2025, net earnings were $895 million and diluted EPS was $6.01, an increase of 21% over 2024.
- The net interest margin (NIM) continued its expansion, reaching 3.31% in Q4 2025, up from 3.28% in Q3 2025 and 3.05% in Q4 2024. The full-year 2025 NIM improved to 3.21% from 3.00% in 2024.
- Capital strength improved, with the estimated Common Equity Tier 1 (CET1) capital ratio at 11.5% in Q4 2025, up from 10.9% a year prior. Tangible book value per common share increased 21% over the past twelve months to $40.79.
- Credit quality remained robust, with the annualized ratio of net loan and lease charge-offs to average loans and leases at 0.05% in Q4 2025, a significant decrease from 0.24% in Q4 2024. The provision for credit losses was $6 million in Q4 2025, down from $41 million in the prior year period.
Jan 20, 2026, 9:09 PM
Zions Bancorporation CEO Provides Optimistic Outlook and Capital Priorities
ZION
Guidance Update
Share Buyback
New Projects/Investments
- Chairman and CEO Harris Simmons expresses optimism for the coming year, anticipating moderately increasing loan growth, especially in commercial loans, driven by increased activity in C&I and small businesses.
- The bank's top priority is building capital, with tangible common equity accretion expected to be around 19% this year, and management hopes to begin buying back shares in the next year.
- Zions anticipates continued positive operating leverage in the upcoming year, with expectations of it being north of 100 basis points.
- Despite a "one-off" loss related to the Cantor Group, the bank's credit performance remains strong, with Q3 charge-offs (excluding that specific loss) at four basis points annualized, consistently below 10 basis points in recent years.
Dec 9, 2025, 6:40 PM
Zions Bancorporation Discusses Positive Outlook, Loan Growth, and Capital Priorities
ZION
Guidance Update
New Projects/Investments
Share Buyback
- Zions Bancorporation's Chairman and CEO, Harris Simmons, expressed a sanguine outlook on the macro environment, anticipating moderately increasing loan growth driven by commercial and industrial (C&I) activity and improved demand from various customer segments.
- The company has seen its net interest margin (NIM) expand for seven consecutive quarters, up nearly 40 basis points, primarily due to deposit base stabilization, strategic asset remixing, and a robust demand deposit base.
- Zions is prioritizing capital building, achieving approximately 19% tangible common equity accretion this year, with an expectation to begin share buybacks in the coming year, even before fully reaching peer capital levels.
- Management is confident that recent credit losses were a one-off event, highlighting that Q3 charge-offs (excluding the specific loss) were four basis points annualized, reflecting the bank's consistent strong credit performance.
- The bank is actively investing in and expects strong growth from capital markets, wealth management, and payments as key drivers of fee income, with a new small business product bundle launching in March.
Dec 9, 2025, 6:40 PM
Zions Chairman and CEO Harris Simmons Discusses Optimistic Outlook, Loan Growth, and Capital Strategy
ZION
Guidance Update
New Projects/Investments
Share Buyback
- Zions' Chairman and CEO Harris Simmons expressed an optimistic outlook on the economic environment, anticipating moderately increasing loan growth, particularly in commercial loans and small business lending.
- The bank has strategically managed its commercial real estate (CRE) portfolio, reducing its proportion to approximately 22% and achieving "really good quality" with average realized losses of less than 7/10 of one basis point over the last five years.
- Zions has focused on stabilizing its deposit base and improving net interest margin post-SVB collapse, noting that its demand deposit base has stabilized and is a "real source of strength".
- The company is investing in fee income growth initiatives, with capital markets expected to show "good growth" in 2026 and beyond, and opportunities identified in wealth management for small business owners.
- The primary capital allocation priority is building capital, with tangible common equity accretion projected at about 19% this year, and management hopes to begin share buybacks in the "next year".
Dec 9, 2025, 6:40 PM
BCP Investment Corporation Reports Strong Q3 2025 Results, Announces Tender Offer and Distribution
ZION
Earnings
Share Buyback
M&A
- BCP Investment Corporation reported a 50.0% increase in total investment income to $18.9 million and a 94.2% increase in net investment income to $8.8 million ($0.71 per share) for the third quarter ended September 30, 2025, compared to the second quarter of 2025.
- The company's Net Asset Value (NAV) increased 40.4% to $231.3 million ($17.55 per share) as of September 30, 2025, compared to June 30, 2025.
- BCIC announced a fourth quarter 2025 quarterly base distribution of $0.47 per share and the launch of a $9.0 million modified Dutch Auction Tender Offer, expected to commence on or after November 10, 2025.
- The company completed its merger with Logan Ridge Finance Corporation on July 15, 2025, and subsequently issued $35.0 million of 7.50% notes due 2028 and $75.0 million of 7.75% notes due 2030, while planning to redeem $108.0 million of 4.875% Notes Due 2026.
Nov 6, 2025, 9:05 PM
Quarterly earnings call transcripts for ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/.
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