Zions Bancorporation (NASDAQ: ZION) saw its shares plummet 5.66% in after-hours trading on Monday following the release of its first-quarter 2025 financial results, which fell short of analyst expectations.

The Salt Lake City-based bank reported earnings per share (EPS) of $1.13 for the quarter, missing the analyst consensus estimate of $1.17 to $1.18. Net income came in at $169 million, below the expected $174.5 million. The company's revenue, at $795 million, also slightly missed the analyst estimate of $797.069 million, despite representing a 7.14% increase from the same period last year.

Despite the earnings miss, Zions Bancorporation did report some positive metrics. The bank's net interest income rose to $624 million, and its pre-provision net revenue reached $268 million. CEO Harris H. Simmons noted an 18% increase in net income and earnings per share compared to the previous year, attributing it to a 16 basis point increase in net interest margin and a 10% increase in adjusted pre-provision net revenue. However, these improvements were not enough to offset investor concerns about the missed targets.