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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.