Q4 2025 Zions Bancorporation NA Earnings Call Transcript
Key Points
- Zions Bancorp NA (ZION) reported a significant increase in earnings, up 19% from the prior quarter and 31% from a year ago, driven by stronger revenues and lower credit loss provisions.
- The net interest margin expanded for the eighth consecutive quarter to 3.31%, benefiting from an improved funding mix and reduced reliance on short-term borrowings.
- Customer deposits grew at a healthy pace, up 9% annualized, reflecting successful deposit gathering initiatives.
- Credit quality remained strong with net charge-offs at just 5 basis points annualized of total loans.
- Tangible book value per share increased by 21% for the third consecutive year, indicating strong capital growth and financial health.
- Adjusted pre-provision net revenue (PPNR) was down 6% sequentially, indicating some pressure on core earnings.
- Non-interest expenses increased by 5% versus the prior quarter, driven by higher marketing, business development, and technology costs.
- Loan growth was essentially flat compared to the previous quarter, reflecting challenges in expanding the loan portfolio.
- The allowance for credit losses as a percentage of loans declined slightly, which could indicate potential future risk if economic conditions worsen.
- The company faces increased competition in its markets, which may pressure margins and require additional marketing and technology investments.
Welcome to Zions Bancorp fourth-quarter earnings conference call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to Shannon Drage, Senior Director of Investor Relations. Thank you, and you may begin.
Thank you, Vaughn, and good evening, everyone. Welcome to our conference call to discuss the fourth quarter and full-year 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, and we encourage you to review the disclaimer in the press release or slide to of the presentation dealing with forward-looking information and the presentation of non-GAP measures, which applies equally to statements made during this month. A copy of the earnings release as well as the
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