GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zions Bancorp NA (NAS:ZION) » Definitions » Net Income

Zions Bancorp NA (Zions Bancorp NA) Net Income : $629 Mil (TTM As of Dec. 2023)


View and export this data going back to 1990. Start your Free Trial

What is Zions Bancorp NA Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Zions Bancorp NA's Net Income for the three months ended in Dec. 2023 was $126 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $629 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Zions Bancorp NA's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.80.


Zions Bancorp NA Net Income Historical Data

The historical data trend for Zions Bancorp NA's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zions Bancorp NA Net Income Chart

Zions Bancorp NA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 816.00 539.00 1,129.00 907.00 680.00

Zions Bancorp NA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 204.00 175.00 175.00 126.00 153.00

Zions Bancorp NA Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Zions Bancorp NA's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=886+-206+0+0
=680

Zions Bancorp NA's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=150+-24+0+0
=126

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $629 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Zions Bancorp NA  (NAS:ZION) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Zions Bancorp NA's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Zions Bancorp NA Net Income Related Terms

Thank you for viewing the detailed overview of Zions Bancorp NA's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Zions Bancorp NA (Zions Bancorp NA) Business Description

Address
One South Main Street, Salt Lake City, UT, USA, 84133-1109
Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.
Executives
Keith D Maio officer: President of subsidiary bank ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Steven Dan Stephens officer: Executive Vice President ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY UT 84133-1109
Scott J Mclean officer: Executive Vice President 4400 POST OAK PARKWAY, 4TH FL, HOUSTON TX 77027
A Scott Anderson officer: Executive Vice President ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Randy R Stewart officer: Exec VP 1 S MAIN STREET, 11TH FLOOR, SALT LAKE CITY UT 84133
Bruce K Alexander officer: Exec VP and, Pres. of Subsidiary ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Alan M Forney officer: Exec VP & Pres. Of Subsidiary ONE S MAIN STREET, 11TH FL, SALT LAKE CITY UT 84133
Mark Richard Young officer: Exec VP, other: Pres. of Subidiary ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY UT 84133-1109
Thomas E Laursen officer: Sr. Vice President &, General Counsel ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Derek Steward officer: Executive Vice President 1 S MAIN ST, 11TH FL, SALT LAKE CITY UT 84133-1109
Shannon R. Drage officer: Senior Vice President 1 S MAIN STREET, 11TH FL, SALT LAKE CITY UT 84133-1109
Rebecca K Robinson officer: Executive Vice President ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY X1 84133
Claire A Huang director 1 S MAIN STREET, 11TH FL, SALT LAKE CITY UT 84133
Harris H Simmons director, officer: Chairman, President, & CEO ZIONS BANCORPORATION, ONE MAIN STREET, SUITE 1134, SALT LAKE CITY UT 84111
Paul E. Burdiss officer: Executive Vice President, other: & Chief Financial Officer ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY UT 84133