Zions Bancorp shares rise as third quarter earnings beat estimates

SALT LAKE CITY - Zions Bancorporation (NASDAQ:ZION) reported third quarter earnings that exceeded analyst expectations, sending shares up 2.6% following the announcement.

The bank posted net earnings applicable to common shareholders of $221 million, or $1.48 per diluted common share for the third quarter of 2025, beating analyst estimates of $1.46. This represents an 8.3% increase from $204 million, or $1.37 per share, in the same period last year, though down from $243 million, or $1.63 per share, in the second quarter of 2025.

Zions reported strong pre-provision net revenue growth of 14% over the prior year period, or 18% on an adjusted basis. The bank’s net interest margin increased 25 basis points compared to the same quarter last year, while customer-related noninterest income, adjusted for net credit valuation, grew 8%. Tangible book value per share increased 17% YoY.

"We’re pleased with the Company’s core earnings, which included 14% growth in pre-provision net revenue over the prior year period, and 18% on an adjusted basis," said Harris H. Simmons, Chairman and CEO of Zions Bancorporation.

While loans contracted at a 3% annualized rate in the quarter, deposits excluding brokered deposits grew at an annualized rate of 7%.

The quarter’s results were impacted by a $50 million charge-off and a $10 million specific reserve related to loans to two related companies where "apparent irregularities and misrepresentations were recently detected," according to Simmons. Excluding this loss, net charge-offs were $6 million, or just 4 basis points of average loans on an annualized basis.

Zions Bancorporation operates under local management teams and distinct brands in 11 western states with total assets of approximately $89 billion as of December 31, 2024.

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