ZION Stock Recent News

Zions Bancorporation announced several leadership changes on Friday, including Ryan Richards, who is set to take over as chief financial officer at the bank.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zions' (ZION) new share repurchase program aligns with its robust capital distribution strategy, leading to value creation.

Higher loan balance and nil provisions support Zions' (ZION) Q4 earnings amid lower revenues and an increase in adjusted non-interest expenses.

Zions Bancorporation, National Association (ZION) Q4 2023 Earnings Call Transcript

The headline numbers for Zions (ZION) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zions (ZION) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.84 per share a year ago.

Besides Wall Street's top -and-bottom-line estimates for Zions (ZION), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Despite higher rates, Zions' (ZION) interest income is expected to have been negatively impacted by weak loan demand, rising funding costs and an inverted yield curve.

Zions (ZION) is likely to be aided by decent loan balances and higher interest rates. However, elevated expense levels and poor asset quality are concerns.