Yahoo Finance

• Net Earnings: $169 million, or $1.13 per share, an 18% improvement year-over-year.

• Net Interest Margin: Increased to 3.10% from 3.05% in the previous quarter.

• Average Cost of Interest-Bearing Deposits: Decreased by 26 basis points compared to the previous quarter.

• Adjusted Pre-Provision Net Revenue (PPNR): $267 million, a 10% increase from the previous year.

• Efficiency Ratio: Seasonally higher but improved over last year's period.

• Net Loan Losses: $16 million, or 11 basis points annualized.

• Diluted Earnings Per Share: $1.13 compared to $1.34 in the prior period and $0.96 in the year-ago period.

• Net Interest Income: Increased by $38 million year-over-year, declined by $3 million from the prior quarter.

• Customer-Related Income: $158 million, a 10% decrease from the previous quarter.

• Adjusted Non-Interest Expense: Increased by $24 million to $533 million.

• Average Loans Growth: 0.5% over the previous quarter, 3% over the year-ago period.

• Average Deposit Balances: Declined 1.9% from the prior quarter.

• Total Funding Costs: Declined by 11 basis points during the quarter.

• Common Equity Tier 1 Ratio: 10.8%.

• Warning! GuruFocus has detected 2 Warning Sign with SFBS.

Release Date: April 21, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Zions Bancorp NA (NASDAQ: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.

Negative Points

• 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.