NASDAQ$ZION

Zions Bancorp NA · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Zions Bancorporation reported net earnings of $116 million and diluted EPS of $0.78 for Q4 2023.

Zions Bancorporation reported Q4 2023 net earnings of $116 million, with a diluted EPS of $0.78. The results reflect the bank's resilience, with customer deposit growth, loan growth, a stable net interest margin, and a strengthened capital position. Operating expenses were well-managed, excluding a one-time FDIC special assessment. The bank's loan portfolio exhibited strong credit quality.

  • Net interest income was $583 million, down 19%.
  • NIM was 2.91%, relatively flat compared to the previous quarter.
  • Loans and leases were $57.8 billion, up 4%.
  • Total deposits were $75.0 billion, up 5%.

Headline financials

Total Revenue

$731M

Previous: $873M-16.3%
EPS (adj)

$1.30

Previous: $1.84-29.3%
Capital Expenditures

$29M

Previous: $36M-19.4%
Net Income

$126M

Previous: $284M-55.6%
Operating Income

$150M

Previous: $359M-58.2%
Gross Profit

$1.2B

Previous: $988M+21.2%
Stock-Based Comp

$5M

Previous: $5M+0.0%

Revenue & EPS history

Zions · Revenue · Quarterly

$731M

Q4 2023-16.3%vs Q4 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

Zions Bancorporation is poised for growth in the year ahead, as business investments and focus on improved client profitability, combined with stable or lower short-term interest rates and continued moderate economic expansion in the western United States, should result in client acquisition and improvement in financial results.

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 2023

Historical avgQ4 2023

+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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