Zions Bancorporation, N.A. (NASDAQ:ZION) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Zions Bancorporation, N.A. (NASDAQ:ZION) issued its quarterly earnings results on Monday. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.14, Zacks reports. Zions Bancorporation, N.A. had a return on equity of 13.91% and a net margin of 24.81%. The company had revenue of $887.00 million for the quarter, compared to analyst estimates of $889.52 million. During the same quarter last year, the company posted $1.48 EPS.

Here are the key takeaways from Zions Bancorporation, N.A.’s conference call:

• Third-quarter earnings improved: Net income available to common shareholders rose 20% year over year to $262 million, or $1.78 per share, supported by higher net interest income, customer-related fees, modest loan growth, and strong credit performance.
• Management provided an optimistic interest-income outlook, forecasting third-quarter 2027 net interest income growth of approximately 8%–12%, based on three expected rate hikes, loan repricing, securities-to-loan repositioning, and continued reduction in wholesale funding.
• Credit quality remained exceptionally strong, with annualized net charge-offs of just 2 basis points, declining classified and criticized loans, and allowance coverage of 207% of non-accrual loans.
• Capital markets fee income continues to gain momentum, while the Basis multifamily agency acquisition expands Zions’ financing capabilities; management expects $17 million–$20 million of revenue from the platform in 2027 and $30 million–$40 million over the medium term.
• Near-term profitability remains pressured by higher deposit costs and lower-yielding excess liquidity, while loan growth is expected at only 2%–4% in the comparable 2027 quarter, with CRE growth tempered by competition, higher rates, and market supply-demand conditions.

Zions Bancorporation, N.A. Trading Up 2.3%

NASDAQ ZION opened at $64.59 on Wednesday. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.84. Zions Bancorporation, N.A. has a twelve month low of $48.50 and a twelve month high of $73.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $66.09 and its 200 day moving average is $65.68.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a dividend of $0.48 per share. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 3.0%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 24.46%.

Trending Headlines about Zions Bancorporation, N.A.

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: EPS beat estimates: Zions reported third-quarter earnings of $1.78 per diluted share, above the $1.64 consensus estimate and up from $1.48 a year earlier. Net earnings rose to $262 million. Zions Third Quarter Financial Results
• Positive Sentiment: Credit metrics improved substantially: Net loan charge-offs fell to $3 million from $56 million in the prior-year quarter, while Zions recorded an $8 million provision benefit versus a $49 million expense previously. The common equity Tier 1 ratio also improved to 11.8% from 11.3%. Zions Third Quarter Earnings and Credit Metrics
• Positive Sentiment: Moderate balance-sheet growth: Deposits increased 4% year over year to $77.9 billion, and loans and leases rose 4% to $62.5 billion. Net interest income increased 2% to $684 million.
• Positive Sentiment: Some analysts raised targets: DA Davidson increased its target to $80 and maintained a Buy rating, while RBC raised its target to $76 and retained Sector Perform. DA Davidson Zions Price Target
• Neutral Sentiment: Revenue was slightly below expectations: Reported revenue was approximately $881 million to $887 million, versus consensus estimates near $889.5 million. Noninterest expense rose 5% year over year to $553 million.
• Neutral Sentiment: Analyst views remain divided: TD Cowen reiterated Hold with a $69 target. JPMorgan raised its target to $87 but maintained Underweight, indicating valuation or risk concerns despite the higher target.
• Negative Sentiment: Morgan Stanley lowered its target to $77 and maintained an Underweight rating, reinforcing skepticism about ZION’s near-term upside and potentially limiting the positive reaction to the earnings beat.

Zions Bancorporation, N.A. announced that its board has authorized a stock buyback plan on Thursday, July 30th that permits the company to buy back $75.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 0.7% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on ZION. Truist Financial reduced their price objective on Zions Bancorporation, N.A. from $72.00 to $67.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. UBS Group started coverage on Zions Bancorporation, N.A. in a research note on Monday, September 14th. They set a “buy” rating and a $78.00 target price for the company. Cantor Fitzgerald dropped their target price on shares of Zions Bancorporation, N.A. from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Thursday, October 15th. Finally, Evercore downgraded shares of Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 price target on the stock. in a research note on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average price target of $72.59.

Insider Buying and Selling

In other news, EVP Scott A. Law sold 4,608 shares of Zions Bancorporation, N.A. stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total transaction of $333,711.36. Following the sale, the executive vice president directly owned 32,890 shares of the company’s stock, valued at approximately $2,381,893.80. This trade represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Scott J. Mclean sold 33,285 shares of Zions Bancorporation, N.A. stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $70.63, for a total value of $2,350,919.55. Following the sale, the president directly owned 73,043 shares in the company, valued at $5,159,027.09. The trade was a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,787 shares of company stock worth $6,283,858 in the last 90 days. Insiders own 1.43% of the company’s stock.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a regional financial services company headquartered in Salt Lake City, Utah. Through its affiliated banks, the company provides banking and related financial services to individuals, small businesses, middle-market companies, and institutional clients.

Its offerings include commercial and industrial lending, commercial real estate financing, small-business banking, consumer loans, residential mortgages, deposit accounts, treasury management, investment services, and private banking.