Zions Bancorporation National Association Third Quarter 2024 Earnings: Beats Expectations

Zions Bancorporation National Association (NASDAQ:ZION) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$779.0m (up 7.6% from 3Q 2023).
• Net income: US$204.0m (up 22% from 3Q 2023).
• Profit margin: 26% (up from 23% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.39 (up from US$1.13 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zions Bancorporation National Association Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Zions Bancorporation National Association.

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