Q1 2025 Zions Bancorporation NA Earnings Call Transcript
Key Points
- Zions Bancorp NA (ZION) reported a net earnings increase of 18% year-over-year, reaching $169 million or $1.13 per share.
- The net interest margin improved for the fifth consecutive quarter, rising to 3.10% from 3.05% in the previous quarter.
- The company was recognized by Coalition Greenwich as one of the top 10 banks in the industry, ranking third nationally in serving middle market clients.
- Zions Bancorp NA successfully acquired four branches in the Coachella Valley, adding approximately $630 million in deposits and $420 million in loans.
- The allowance for credit losses is well aligned with the current economic outlook, and loan charge-offs remained low, indicating strong credit quality management.
- Deposits decreased both on an ending and average basis in the first quarter, despite the acquisition-related deposits.
- Non-interest income saw a decline due to reduced capital market fees and a higher effective tax rate.
- The company faces challenges in forecasting future results due to heightened economic uncertainty and market volatility.
- There was a notable increase in 30 to 89 day past-due loans, raising concerns about potential credit quality issues.
- The outlook for loan growth is uncertain, with expectations of slower growth due to economic conditions and trade policy impacts.
Greetings and welcome to the Zions Bancorp Q1 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce Shannon Drage. Thank you, Shannon. You may begin.
Thank you, Julian, and good evening, everyone. Welcome to our conference call to discuss the first-quarter earnings for 2025. My name is Shannon Drage, Senior Director of Investor Relations.
I would like to remind you that during this call, we will be making forward-looking statements. Please note that actual results may differ materially. We encourage you to review the disclaimer in the press release or slide 2 of the presentation dealing with forward-looking information and the presentation of non-GAAP measures, which applies equally to statements made during this call. A copy of the earnings release as well as the presentation are available on
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