Financial services company Zions Bancorporation NA (NASDAQ: ZION) announced results for the first quarter of 2024.
- First-quarter net interest income was $586 million, down 14% from the comparable period of 2023
- Q1 net income decreased to $143 million or $0.96 per share from $198 million or $1.33 per share last year
- Net interest margin was 2.94% during the three months, compared to 3.33% in the prior-year period
- Pre-provision net revenue decreased to $226 million in the March quarter from $336 million in Q1 2023
- In Q1, customer-related noninterest income remained unchanged from last year at $151 million
- Noninterest expense was $526 million, up 3%; adjusted noninterest expense remained relatively stable at $511 million
- At the end of the quarter, Zions had total loans and leases of $58.1 billion, up 3% from a year earlier
- The provision for credit losses was $13 million in the first quarter, compared with $45 million last year
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
