Zions Bancorporation, National Association (ZION)

ZION Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	3,489	3,196	2,112	1,935	2,050	2,289
Interest Income on Investments	782	751	593	332	318	394
Total Interest Income	4,271	3,947	2,705	2,267	2,368	2,683
Interest Paid on Deposits	1,564	1,063	70	30	105	254
Interest Paid on Borrowings	321	446	115	29	47	157
Total Interest Expense	1,885	1,509	185	59	152	411
Net Interest Income	2,386	2,438	2,520	2,208	2,216	2,272
Net Interest Income Growth (YoY)	-7.34%	-3.25%	14.13%	-0.36%	-2.46%	1.88%
Trust Income	58	58	55	50	44	40
Gain (Loss) on Sale of Investments	10	4	-15	71	7	3
Other Non-Interest Income	587	615	592	582	523	519
Total Non-Interest Income	655	677	632	703	574	562
Non-Interest Income Growth (YoY)	-3.96%	7.12%	-10.10%	22.47%	2.14%	1.81%
Revenues Before Loan Losses	3,041	3,115	3,152	2,911	2,790	2,834
Provision for Loan Losses	31	132	122	-276	414	39
Revenue	3,010	2,983	3,030	3,187	2,376	2,795
Revenue Growth (YoY)	-2.34%	-1.55%	-4.93%	34.13%	-14.99%	-0.96%
Salaries and Employee Benefits	1,234	1,242	1,205	1,099	1,061	1,114
Occupancy Expenses	127	117	106	106	102	133
Federal Deposit Insurance	183	169	50	34	33	25
Selling, General & Administrative	432	424	381	389	385	228
Other Non-Interest Expense	143	145	135	118	94	245
Total Non-Interest Expense	2,118	2,097	1,878	1,746	1,676	1,742
EBT Excluding Unusual Items	892	886	1,152	1,441	700	1,053
Other Unusual Items	-	-	-	5	-28	-
Pretax Income	892	886	1,152	1,446	672	1,053
Income Tax Expense	198	206	245	317	133	237
Earnings From Continuing Operations	694	680	907	1,129	539	816
Net Income	694	680	907	1,129	539	816
Preferred Dividends & Other Adjustments	45	38	37	41	38	40
Net Income to Common	649	642	870	1,088	501	776
Net Income Growth	-17.18%	-25.03%	-19.66%	109.46%	-33.95%	-7.69%
Basic Shares Outstanding	147	148	150	160	164	176
Diluted Shares Outstanding	147	148	150	160	166	187
Shares Change (YoY)	-0.49%	-1.67%	-6.22%	-3.25%	-11.20%	-9.68%
EPS (Basic)	4.41	4.35	5.80	6.80	3.06	4.41
EPS (Diluted)	4.39	4.35	5.79	6.79	3.02	4.16
EPS Growth	-18.86%	-24.95%	-14.73%	124.83%	-27.40%	1.96%
Dividend Per Share	1.640	1.640	1.580	1.440	1.360	1.280
Dividend Growth	0%	3.80%	9.72%	5.88%	6.25%	23.08%
Effective Tax Rate	22.20%	23.25%	21.27%	21.92%	19.79%	22.51%

Source: S&P Capital IQ. Banks template. Financial Sources.