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Here's What Key Metrics Tell Us About Zions (ZION) Q4 Earnings
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For the quarter ended December 2023, Zions (ZION - Free Report) reported revenue of $741 million, down 16.1% over the same period last year. EPS came in at $1.29, compared to $1.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $754.81 million, representing a surprise of -1.83%. The company delivered an EPS surprise of +29.00%, with the consensus EPS estimate being $1.00.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin: 2.9% versus 2.9% estimated by nine analysts on average.
Efficiency Ratio: 65.1% compared to the 67.1% average estimate based on eight analysts.
Average balance - Total interest-earning assets: $80.97 billion versus the seven-analyst average estimate of $80.26 billion.
Net charge-offs to average loans and leases: 0.1% versus 0.1% estimated by seven analysts on average.
Total nonperforming assets: $228 million versus $203.20 million estimated by three analysts on average.
Tier 1 risk-based capital ratio: 10.9% versus the three-analyst average estimate of 10.8%.
Total risk-based capital ratio: 12.8% compared to the 12.7% average estimate based on three analysts.
Total nonaccrual Loan: $222 million versus $221.68 million estimated by three analysts on average.
Tier 1 leverage ratio: 8.3% compared to the 8.2% average estimate based on two analysts.
Total Noninterest Income: $148 million compared to the $171.12 million average estimate based on nine analysts.
Taxable-equivalent net interest income: $593 million compared to the $585.47 million average estimate based on eight analysts.
Other customer-related fees: $15 million compared to the $14.59 million average estimate based on seven analysts.
Shares of Zions have returned -5.4% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Zions (ZION) Q4 Earnings
For the quarter ended December 2023, Zions (ZION - Free Report) reported revenue of $741 million, down 16.1% over the same period last year. EPS came in at $1.29, compared to $1.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $754.81 million, representing a surprise of -1.83%. The company delivered an EPS surprise of +29.00%, with the consensus EPS estimate being $1.00.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 2.9% versus 2.9% estimated by nine analysts on average.
- Efficiency Ratio: 65.1% compared to the 67.1% average estimate based on eight analysts.
- Average balance - Total interest-earning assets: $80.97 billion versus the seven-analyst average estimate of $80.26 billion.
- Net charge-offs to average loans and leases: 0.1% versus 0.1% estimated by seven analysts on average.
- Total nonperforming assets: $228 million versus $203.20 million estimated by three analysts on average.
- Tier 1 risk-based capital ratio: 10.9% versus the three-analyst average estimate of 10.8%.
- Total risk-based capital ratio: 12.8% compared to the 12.7% average estimate based on three analysts.
- Total nonaccrual Loan: $222 million versus $221.68 million estimated by three analysts on average.
- Tier 1 leverage ratio: 8.3% compared to the 8.2% average estimate based on two analysts.
- Total Noninterest Income: $148 million compared to the $171.12 million average estimate based on nine analysts.
- Taxable-equivalent net interest income: $593 million compared to the $585.47 million average estimate based on eight analysts.
- Other customer-related fees: $15 million compared to the $14.59 million average estimate based on seven analysts.
View all Key Company Metrics for Zions here>>>Shares of Zions have returned -5.4% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.