Q2 2025 Zions Bancorporation NA Earnings Call Transcript
Key Points
- Zions Bancorp NA (ZION) reported a 28% increase in net earnings for the second quarter of 2025, reaching $243 million.
- The net interest margin expanded for the sixth consecutive quarter to 3.17%, driven by lower funding costs and improved earning asset mix.
- The company saw a 91% increase in the number of SBA 7(a) program deals booked in the first nine months of the SBA's 2025 fiscal year compared to the previous year.
- The rollout of the consumer gold account offering in Nevada resulted in a 78% increase in sales compared to its predecessor, with average balances around $30,000.
- Zions Bancorp NA (ZION) experienced a 5.6% annualized growth in average loans over the previous quarter, with a 3.7% increase year-over-year.
- Average customer deposits in the second quarter were down 1.4% on an annualized linked quarter basis.
- Total average deposits declined by 0.9% due to seasonal customer deposit outflows and an 8% decline in average broker deposits.
- The allowance for credit losses as a percentage of loans and leases declined to 1.2%, indicating a reduction in the buffer for potential loan losses.
- The company recorded a negative $1 million provision for credit losses, which, combined with net charge-offs, reduced the allowance for credit losses by $11 million.
- Zions Bancorp NA (ZION) faces a competitive market for deposits, which could impact its ability to maintain and grow its deposit base.
Greetings, and welcome to the Zions Bancorp earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce you to your host, Shannon Drage, Director of Investor Relations. Thank you, Shannon. You may begin.
Thank you, Alicia, and good evening, everyone. Welcome to our conference call to discuss the second-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 our 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 at zionsbancorporation.com.
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