Zions Bancorporation Reports Strong Earnings and Resilient Financial Growth Amid Challenges

Zions Bancorporation's Third Quarter Financial Results

SALT LAKE CITY, Utah, October 20, 2025 — Zions Bancorporation, N.A. (NASDAQ: ZION), recognized for its premier financial services, has reported net earnings for the third quarter of 2025 amounting to $221 million. This translates to earnings of $1.48 per diluted common share, showcasing an increase from $204 million, or $1.37 per diluted share, in the same quarter of 2024. Additionally, though this figure reflects a decline from the second quarter of 2025 earnings of $243 million, or $1.63 per diluted common share, the results underscore the underlying strength of Zions.

Harris H. Simmons, the Bank's Chairman and CEO, conveyed a sense of satisfaction with the Company's performance, emphasizing significant core earnings characterized by a notable 14% growth in pre-provision net revenue compared to the previous year. On an adjusted basis, this figure jumps to 18%. Furthermore, the net interest margin has also seen promising growth, increasing by 25 basis points compared to the corresponding year.

The report indicates that customer-related noninterest income has increased by 8%, adjusted for the net credit valuation adjustment. While there has been a slight annualized contraction of 3% in loans during the quarter, deposits (excluding brokered deposits) rose at an annualized rate of 7%. Notably, tangible book value per share has increased by 17% over the past year, reflecting solid financial health and customer trust in the institution.

However, the quarter wasn't without its challenges. Zions faced a credit setback featuring a $50 million charge-off alongside a $10 million specific reserve related to loans issued to two related companies involved in irregularities. Legal action has been initiated to recover these losses from the guarantors involved.

Despite this charge-off, underlying credit quality remains robust with remaining net charge-offs standing at a modest $6 million, amounting to only 4 basis points of average loans on an annualized basis. This resilience indicates that Zions Bancorporation is adept at mitigating risks while expanding its operational capacity.

Simmons elaborated further, affirming, “Excluding this loss, our credit performance has been very strong, and our main focus remains on driving profitability while minimizing risk exposure.”

Earnings Presentation and Discussion

In light of the earnings report, Zions Bancorporation will host a supplemental presentation available on its website to review the third quarter results. Stakeholders have the opportunity to engage in a discussion taking place at 5:30 PM ET today, October 20, 2025. Participants can join via phone at (877) 709-8150, utilizing meeting ID 13756405, or through an on-demand webcast accessible from the Bank's website, with archived access available for 30 days post-event.

About Zions Bancorporation

Zions Bancorporation, N.A. is recognized nationally for its comprehensive financial services, generating an annual net revenue of $3.1 billion in 2024, with total assets nearing $89 billion as of December 31, 2024. The Bank pays special attention to local management and brand development across 11 western states, reinforcing its strong presence and customer loyalty in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Zions Bancorporation continues to earn accolades in customer service, especially in small- and middle-market banking, and stands as a leader in public finance advisory services and Small Business Administration lending. Furthermore, Zions is proudly included in the SP MidCap 400 and NASDAQ Financial 100 indices, underscoring its stability and reputation within the financial services sector.

Looking Forward

As Zions Bancorporation moves ahead, it remains focused on navigating the complexities of the banking environment, proactively addressing potential challenges posed by economic conditions, regulatory changes, and the competitive landscape. Simmons's confidence in Zions's strategic framework and commitment to innovation enhances stakeholders' trust in an institution poised for future growth despite current adversities.