Zions Bancorporation, N.A. announced its financial results for the third quarter of 2025, reporting net earnings applicable to common shareholders of $221 million, or $1.48 per diluted common share. This marks an increase from $204 million, or $1.37 per diluted common share, during the same period in 2024, although it represents a decline from $243 million, or $1.63 per share, in the second quarter of 2025.
The Bank’s Chairman and CEO, Harris H. Simmons, expressed satisfaction with the company’s performance, highlighting a 14% growth in pre-provision net revenue compared to the previous year. On an adjusted basis, this growth reached 18%. The net interest margin also showed improvement, climbing 25 basis points year-over-year. Notably, customer-related noninterest income, adjusted for net credit valuation, grew by 8%.
Challenges Impacting Credit Results
Despite these positive trends, the quarter was affected by a significant credit issue, leading to a $50 million charge-off and the establishment of a $10 million specific reserve related to loans involving two connected companies. These loans were flagged due to recent irregularities and misrepresentations. Legal actions have commenced to recover the outstanding amounts from the guarantors of these credits. Excluding this loss, the remaining net charge-offs were low, totaling $6 million, or just 4 basis points of average loans on an annualized basis.
Simmons emphasized the strength of the Bank’s core earnings, stating, “Although loans contracted at a 3% annualized linked-quarter rate, deposits, excluding brokered deposits, grew at an annualized rate of 7%. Over the past year, tangible book value per share has increased by 17%.”
Looking Ahead and Earnings Call
For those interested in further details, Zions Bancorporation has made a supplemental presentation available on its website. A conference call to discuss the third-quarter results is scheduled for 5:30 p.m. ET on October 20, 2025. Analysts, investors, and media representatives can participate by calling (877) 709-8150 or joining via an on-demand webcast. The Bank’s website also hosts archived content for those unable to attend live.
Zions Bancorporation operates under distinct brands in eleven western states, including Arizona, California, and Texas, and has consistently received accolades in customer service within small- and middle-market banking. The Bank reported annual net revenue of $3.1 billion for 2024 and had total assets of approximately $89 billion as of December 31, 2024.
As outlined in their earnings release, Zions Bancorporation cautions that the financial outlook may be subject to various risks and uncertainties, which could lead to actual results differing from projections. Factors include changes in economic conditions, interest rate fluctuations, and regulatory challenges.
For more information about Zions Bancorporation and its financial performance, please visit their official website at www.zionsbancorporation.com.