NASDAQ$ZION

Zions Bancorp NA · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Zions Bancorporation reported net earnings of $275 million and diluted EPS of $1.66 for Q4 2020.

Zions Bancorporation reported a strong fourth quarter with net earnings of $275 million, resulting in a diluted EPS of $1.66. The quarter was characterized by stable revenue, solid credit results, and very low net loan losses. Deposits continued to exhibit strong growth, and the CET1 ratio increased to 10.8%.

  • Net earnings per diluted common share were $1.66, compared to $0.97 in 4Q19.
  • Net interest income was $550 million, compared to $559 million in 4Q19.
  • The CET1 capital ratio was 10.8%, compared to 10.2% in 4Q19.
  • Deposits were $69.7 billion, up $12.6 billion, or 22%, compared to 4Q19.

Headline financials

Total Revenue

$716M

Previous: $711M+0.7%
EPS (adj)

$1.66

Previous: $1.13+46.9%
Net Interest Margin

3.0%

No prior period
Capital Expenditures

$48M

Previous: $23M+108.7%
Free Cash Flow

$123M

Previous: $328M-62.5%
Net Income

$275M

Previous: $183M+50.3%
Operating Income

$359M

Previous: $235M+52.8%
Gross Profit

$717M

Previous: $711M+0.8%
Cash & Equivalents

$543M

Previous: $705M-23.0%
Total Assets

$81.5B

Previous: $69.2B+17.8%
Stock-Based Comp

$4M

Previous: $4M+0.0%

Revenue & EPS history

Zions · Revenue · Quarterly

$716M

Q4 2020+0.7%vs Q4 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

We were quite pleased with the quarter, which was characterized by stable revenue despite the pressure of low interest rates and solid credit results, as reflected in very low net loan losses during a challenging time.

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 Q4 2020

Historical avgQ4 2020

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro