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Zions Bancorporation Reports Impressive Financial Results for Q4 2025

On January 20, 2026, Zions Bancorporation, N.A. (NASDAQ: ZION) revealed its financial results for the fourth quarter of 2025, showcasing robust growth in both net earnings and revenues. The bank reported net earnings attributable to common shareholders reaching $262 million, translating to $1.76 per diluted share, a substantial increase from $200 million or $1.34 per diluted share in the same quarter of 2024.

Harris H. Simmons, Chairman and CEO of the bank, expressed his satisfaction with the quarter's performance, noting a 31% rise in earnings per share. He highlighted that the bank's adjusted taxable-equivalent revenue increased by 7.1% to $879 million. The rise in adjusted noninterest expense was 7.7%, totaling $548 million for the quarter. Notably, this year’s operating expenses included a $15 million donation to the Zions Bancorporation Foundation, intended to support charitable initiatives over the next three years. Excluding this contribution, the adjusted operating expenses would have only risen by 4.7%, resulting in a healthy operating leverage of 2.4% and an efficiency ratio of 60.6%.

Credit Quality and Growth

Mr. Simmons further remarked on the bank's favorable credit quality during Q4, where net charge-offs were remarkably low at an annualized 0.05% of loans. Capital strength also improved, with tangible book value per share climbing by 21% year-over-year. The Common Equity Tier 1 capital ratio strengthened to 11.5%, up from 10.9% a year prior, and both loans and deposits experienced a growth rate of 4.1% during the quarter. Moreover, the net interest margin saw an improvement, reaching 3.31%, from a previous 3.28% in Q3 and 3.05% in Q4 of the previous year.

Full Year Summary and Future Outlook

For the full year of 2025, Zions Bancorporation marked impressive overall growth, with earnings per share surging 21%, adjusted taxable-equivalent revenue increasing by 7.4%, and adjusted operating expenses rising a modest 4.8% (or 4.0% if excluding the charitable donation). Mr. Simmons expressed optimism, stating that the bank is poised for continued prudent growth in the upcoming year.

The bank will discuss these results further in a supplemental presentation scheduled for 5:30 PM ET on January 20, 2026. Stakeholders, analysts, and the public are encouraged to join this discussion via a phone call or through an on-demand webcast, details of which can be found on the Zions Bancorporation website.

About Zions Bancorporation

Zions Bancorporation, N.A. stands as a leading financial services provider in the United States, amassing total assets of approximately $89 billion as of December 31, 2025, and reporting annual net revenue of $3.4 billion for 2025. Operating in 11 western states, the bank prides itself on local management and distinct brand identities. It has gained recognition in small- and middle-market banking as well as in public finance. Zions Bancorporation is also a member of the SP MidCap 400 and NASDAQ Financial 100 indices, reinforcing its reputation in the financial industry.

Conclusion

As Zions Bancorporation moves forward, it aims to build on its successes and navigate the complexities of the banking sector, all while maintaining a focus on serving its customers with excellence and integrity.