Zions Bancorporation reported net earnings applicable to common shareholders of $200 million for the fourth quarter of 2024, with diluted earnings per common share at $1.34. Adjusted pre-provision net revenue increased by 19% during the quarter, indicating strong operational performance.
The results were driven by higher Net Interest Income (NII) and non-interest income, surpassing analyst estimates. This highlights strength in core banking operations and diversified revenue streams for the period.
However, the quarter also saw increased provisions for credit losses and higher adjusted expenses. The company redeemed preferred stock in Q4 2024, a capital action expected to positively impact future earnings per share by optimizing its capital structure.
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