NASDAQ$ZION

Zions Bancorp NA · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported net earnings of $234 million and diluted EPS of $1.45.

Zions Bancorporation reported a solid third quarter with net earnings of $234 million and diluted EPS of $1.45. The company saw stable net interest income, strong deposit growth, and positive credit outcomes. Loan growth, excluding PPP loans, was encouraging.

  • Net interest income remained stable at $555 million.
  • Loans and leases were $50.7 billion, down $4.1 billion, or 7%; excluding PPP, loans and leases were $47.6 billion, down $0.3 billion, or 1%.
  • Deposits were $77.9 billion, up $10.8 billion, or 16%.
  • Common stock repurchases of $325 million, 5.8 million shares, or 3.6% of shares outstanding as of June 30, 2021.

Headline financials

Total Revenue

$151M

Previous: $139M+8.6%
EPS (adj)

$1.45

Previous: $1.01+43.6%
Capital Expenditures

-$153M

Previous: -$123M-24.4%
Free Cash Flow

$87M

Previous: $52M+67.3%
Net Income

$240M

Previous: $175M+37.1%
Operating Income

$56M

Previous: -$33M+269.7%
Gross Profit

$106M

Previous: $94M+12.8%
Cash & Equivalents

$10B

Previous: $1.43B+601.0%
Total Assets

$88.3B

Previous: $78.4B+12.7%
Stock-Based Comp

$4M

Previous: $4M+0.0%

Revenue & EPS history

Zions · Revenue · Quarterly

$151M

Q3 2021+8.6%vs Q3 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Zions Bancorporation is optimistic about continued economic growth over the next several quarters, despite lingering supply chain issues and a tight labor market. Consumers and most businesses are emerging from the pandemic in relatively strong condition, thanks to government stimulus.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.1%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.1%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+16.9%

Q2 2023

Best reaction

-12.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%+2.0%+0.3%
Q4 2025+4.2%-2.7%-2.0%
Q3 2025+1.4%+2.2%-3.0%
Q2 2025-2.0%+0.0%+8.6%
Q1 2025-1.1%+2.8%+7.7%
Q4 2024+0.1%+1.0%-5.0%
Q3 2024+2.5%+0.2%+14.5%
Q2 2024+7.2%+6.8%-3.9%
Q1 2024+4.6%+4.6%+9.7%
Q4 2023+2.8%+5.8%-4.9%
Q3 2023-12.2%-18.2%-1.8%
Q2 2023+16.9%+14.2%+7.1%
Q1 2023+2.2%-7.2%-12.1%
Q4 2022+0.6%+3.7%-4.2%
Q3 2022+7.7%+7.8%+7.7%
Q2 2022-1.0%+0.9%+6.0%
Q1 2022-8.1%-7.0%-9.5%
Q4 2021+7.7%+10.4%+12.9%
Q3 2021+1.8%+6.8%+6.7%
Q2 2021+1.2%+2.5%+8.1%
Q1 2021-6.7%-3.3%+2.3%
Q4 2020-1.7%-2.1%+1.8%
Q3 2020-2.0%+6.6%+25.0%
Q2 2020+3.6%+3.3%+1.1%
Q1 2020-1.5%+1.3%+7.0%
Q4 2019-5.7%-8.1%-8.8%
Q3 2019+7.5%+7.2%+9.3%
Q2 2019-7.1%-2.0%-11.2%
Q1 2019+3.3%+3.1%-4.0%
Q4 2018+2.3%+3.5%+8.2%
Q3 2018+0.4%-0.9%+0.3%
Q2 2018-1.4%-2.5%+2.0%
Q1 2018+2.4%+3.3%+7.8%
Q4 2017+0.8%+0.5%+4.0%
Q3 2017-0.9%+0.7%-0.9%
Q2 2017+3.0%+2.1%+0.1%
Q1 2017-0.9%-2.0%-0.4%
Q4 2016+0.2%+1.6%+5.4%
Q3 2016-0.8%-0.8%+21.0%
Q2 2016+6.4%+6.0%+11.9%
Q1 2016+0.6%
Q4 2015-1.2%
Q3 2015+0.7%
Q2 2015+3.5%
Q1 2015-0.6%
Q4 2014-0.4%
Q3 2014+3.3%
Q2 2014+1.3%
Q1 2014-2.0%
Q4 2013-1.6%
Q3 2013-6.8%
Q2 2013-2.1%
Q1 2013+2.1%
Q4 2009-0.3%
Q4 2012-1.0%
Q3 2012-1.4%
Q2 2012-4.2%
Q1 2012-2.3%
Q4 2010-1.2%
Q4 2008-1.2%
Q4 2011-1.2%
Q3 2011-7.3%
Q2 2011-7.3%
Q1 2010+1.1%
Q1 2011+1.7%
Q3 2010+0.6%
Q3 2009+0.6%
Q2 2010-0.8%
Q2 2009-0.8%

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