Zions Bancorp (ZION) Rides on Loans & Deposits Amid High Costs [Yahoo! Finance]
Zions Bancorporation N.A. (ZION)
Last zions bancorporation n.a. earnings: 4/20 04:10 pm
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Source: Yahoo! Finance
However, an elevated expense base and poor asset quality remain concerns. Zions' organic growth strategy is demonstrated through its revenue growth trajectory. The company's total revenues witnessed a 2.3% compound annual growth rate (CAGR) over the last five years ended in 2023. The growth was primarily driven by robust loan growth, with loans and leases (net of unearned income and fees) experiencing a CAGR of 4.4% over the last four years ended in 2023. ZION's efforts to enhance fee income, decent loan demand and higher interest rates are likely to aid top-line expansion. Given the tough operating backdrop, we project total revenues (FTE) to fall 3.9% in 2024, while rebound and grow at the rate of 4.4% and 4.9% in 2025 and 2026, respectively. Further, we estimate total loans to witness a 2.3% CAGR by 2026. Amid the high interest rate environment, Zions' net interest margin (NIM) is expected to witness modest growth, while high funding costs will weigh on it to some degree. NIM
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ZION
News
- Longmont-area real estate, commercial deals, April 28, 2024 [Yahoo! Finance]Yahoo! Finance
- ZIONS BANCORPORATION'S BOARD DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCKPR Newswire
- Zions Bancorporation: Q1 2024 Results Show Resilience Amidst High Rates [Seeking Alpha]Seeking Alpha
- Zions Bancorporation, National Association (NASDAQ: ZION) had its price target lowered by analysts at UBS Group AG from $47.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
- Zions Bancorporation, National Association (NASDAQ:ZION) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ZION
Earnings
- 4/22/24 - Miss
ZION
Sec Filings
- 4/4/24 - Form PX14A6G
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ZION's page on the SEC website