Does Zions (ZION) have what it takes to be a top stock pick for momentum investors? Let's find out.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Zions (ZION) have what it takes?
Zions Bancorporation, National Association's Q4 headline results were strong, with revenue and earnings beating estimates. Loans and deposits grew, with total loans at $59.3 billion and deposits at $76.4 billion, reversing earlier declines in 2024 on the deposit front. Margins widened to 3.05%, and the dividend was raised to $0.43, but asset quality was mixed with higher loan loss provisions and charge-offs.
ZION's fourth-quarter 2024 results beat estimates on the back of higher NII & non-interest income. However, higher provisions and adjusted expenses are woes.
Zions Bancorporation, National Association (NASDAQ:ZION ) Q4 2024 Earnings Conference Call January 21, 2025 5:30 PM ET Company Participants Shannon Drage - Senior Director of IR Harris Simmons - Chairman & CEO Ryan Richards - CFO Scott McLean - President & COO Derek Steward - Chief Credit Officer Conference Call Participants Manan Gosalia - Morgan Stanley Bernard von Gizycki - Deutsche Bank Christopher McGratty - KBW Matthew Clark - Piper Sandler Christopher Spahr - Wells Fargo Anthony Elian - JPMorgan Shannon Drage Thank you, Matt, and good evening. We welcome you to this conference call to discuss our 2024 Fourth Quarter and Full Year earnings.
The headline numbers for Zions (ZION) give insight into how the company performed in the quarter ended December 2024, 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 $1.34 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.29 per share a year ago.
Zions (ZION) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Get a deeper insight into the potential performance of Zions (ZION) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Zions (ZION) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zions Bancorporation's community bank model has driven a 60% stock gain over the past year, with strong underwriting and stable deposits. Q3 earnings beat estimates, with net interest margin expansion and rising loan yields contributing to solid financial performance. ZION's credit quality remains resilient, with low exposure to troubled commercial real estate sectors and strong capital reserves.
Zions (ZION) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).