ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
ZION$66.32+0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| (Unaudited) | Three Months EndedMarch 31, | |
|---|---|---|
| (In millions, except shares and per share amounts) | 2025 | 2024 |
| Interest income: | ||
| Interest and fees on loans | $850 | $865 |
| Interest on money market investments | 53 | 47 |
| Interest on securities | 125 | 142 |
| Total interest income | 1,028 | 1,054 |
| Interest expense: | ||
| Interest on deposits | 326 | 376 |
| Interest on short- and long-term borrowings | 78 | 92 |
| Total interest expense | 404 | 468 |
| Net interest income | 624 | 586 |
| Provision for credit losses: | ||
| Provision for loan and lease losses | 17 | 21 |
| Provision for unfunded lending commitments | 1 | (8) |
| Total provision for credit losses | 18 | 13 |
| Net interest income after provision for credit losses | 606 | 573 |
| Noninterest income: | ||
| Commercial account fees | 45 | 44 |
| Card fees | 23 | 23 |
| Retail and business banking fees | 17 | 16 |
| Loan-related fees and income | 17 | 15 |
| Capital markets fees and income | 27 | 25 |
| Wealth management fees | 15 | 15 |
| Other customer-related fees | 14 | 14 |
| Customer-related noninterest income | 158 | 152 |
| Dividends and other income | 7 | 6 |
| Securities gains (losses), net | 6 | (2) |
| Total noninterest income | 171 | 156 |
| Noninterest expense: | ||
| Salaries and employee benefits | 342 | 331 |
| Technology, telecom, and information processing | 70 | 62 |
| Occupancy and equipment, net | 41 | 39 |
| Professional and legal services | 13 | 16 |
| Marketing and business development | 11 | 10 |
| Deposit insurance and regulatory expense | 22 | 34 |
| Credit-related expense | 6 | 7 |
| Other real estate expense, net | — | — |
| Other | 33 | 27 |
| Total noninterest expense | 538 | 526 |
| Income before income taxes | 239 | 203 |
| Income taxes | 69 | 50 |
| Net income | 170 | 153 |
| Preferred stock dividends | (1) | (10) |
| Net earnings applicable to common shareholders | $169 | $143 |
| Weighted average common shares outstanding during the period: | ||
| Basic shares (in thousands) | 147,321 | 147,338 |
| Diluted shares (in thousands) | 147,387 | 147,343 |
| Net earnings per common share: | ||
| Basic | $1.13 | $0.96 |
| Diluted | 1.13 | 0.96 |
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