<span item_type="fundamental" item_id="c55ca1b309d05f642c75d50c74c5fdad" counter_id="ST/US/ZIONP" env="prod"></span><span item_type="announcement" item_id="607077747201875585" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 891 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 1.76.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -338 M.</p><p></p><p>Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd Shs reported various financial and operational metrics for the fourth quarter and full year 2025.</p><h4>Net Earnings</h4><p>Net earnings for the fourth quarter of 2025 were $262 million, marking a 31% increase compared to $200 million in the fourth quarter of 2024, and a 19% increase from $221 million in the prior quarter (3Q25). For the full year 2025, net earnings totaled $895 million, a 21% increase from $737 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p><h4>Net Interest Income and Margin (NIM)</h4><p>Net interest income reached $683 million in the fourth quarter of 2025, an increase of 9% from $627 million in the fourth quarter of 2024, and a 2% linked-quarter increase. The net interest margin improved to 3.31% in 4Q25, up from 3.05% in 4Q24 and 3.28% in 3Q25. Total interest income was $1,041 million in 4Q25, a -2% decrease from $1,062 million in 4Q24. Total interest expense decreased by -18% to $358 million in 4Q25 from $435 million in 4Q24, primarily due to lower funding costs. The rate paid on total deposits and interest-bearing liabilities was 1.76% in 4Q25, down from 2.12% in 4Q24. The total cost of deposits was 1.56%, compared with 1.93% in 4Q24. For the full year 2025, the net interest margin improved by 21 basis points to 3.21% from 3.00% in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p><h4>Operating Performance</h4><p>Pre-provision net revenue (PPNR) was $356 million in 4Q25, up 10% from 4Q24. Adjusted PPNR was $331 million in 4Q25, a 6% increase from $312 million in 4Q24, but a -6% decrease from $352 million in 3Q25. For the full year 2025, adjusted PPNR grew 12% to $1,266 million from $1,131 million in 2024. Customer-related noninterest income was $177 million in 4Q25, a 1% increase from 4Q24, and increased 4% for the full year 2025. Total noninterest income increased 8% to $208 million in 4Q25 from $193 million in 4Q24. Noninterest expense totaled $546 million in 4Q25, a 7% increase from $509 million in 4Q24. Adjusted noninterest expense was $548 million, up 8% from 4Q24 and 5% linked-quarter. Excluding a $15 million charitable contribution, adjusted noninterest expense would have increased 5% year-over-year, leading to positive operating leverage of 2.4% and an efficiency ratio of 60.6%. The efficiency ratio was 62.3% in 4Q25, compared to 62.0% in 4Q24 and 59.6% in 3Q25. For the full year 2025, adjusted taxable equivalent revenue rose 7.4%, and adjusted operating expenses grew 4.8%, or 4.0% excluding the $15 million donation. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p><h4>Loans and Credit Quality</h4><p>Loans and leases, net, increased $1.5 billion, or 3%, to $60.9 billion in 4Q25 compared to 4Q24, driven by increases in consumer and commercial loans. Average loans were stable in 4Q25 compared to 3Q25 and grew 2.5% compared to 4Q24. For the full year 2025, average loans grew 3.2% to $60,421 million from $58,547 million in 2024. The provision for credit losses was $6 million in 4Q25, significantly lower than $41 million in 4Q24. Net loan and lease charge-offs totaled $7 million in 4Q25, compared with $36 million in 4Q24. The annualized ratio of net loan and lease charge-offs to average loans and leases was 0.05% in 4Q25, down from 0.24% in 4Q24 and 0.37% in 3Q25. Nonperforming assets were $320 million, or 0.52% of loans and leases and other real estate owned in 4Q25, compared with $298 million, or 0.50% in 4Q24. Classified loans totaled $2.4 billion, or 3.91% of total loans and leases in 4Q25, compared with $2.9 billion, or 4.83% in 4Q24. The allowance for credit losses (ACL) was $724 million at December 31, 2025, compared with $741 million at December 31, 2024, with the ACL to total loans and leases ratio at 1.19% in 4Q25, compared to 1.25% in 4Q24. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p><h4>Deposits and Borrowed Funds</h4><p>Total deposits were $75.6 billion in 4Q25, a -1% decrease from $76.2 billion in 4Q24. Customer deposits (excluding brokered deposits) were $71.8 billion in 4Q25, up 1% from $71.2 billion in 4Q24. Average customer deposits grew at a 9.1% annualized rate versus 3Q25 and 1.5% versus 4Q24. Total borrowed funds decreased $206 million, or -4%, to $4.6 billion in 4Q25 compared to $4.8 billion in 4Q24, primarily due to a reduction in short-term advances. Short-term borrowings were $3.1 billion, down 19% from 4Q24. The loan-to-deposit ratio was 81% in 4Q25, up from 78% in 4Q24. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p><h4>Capital</h4><p>The estimated Common Equity Tier 1 (CET1) capital ratio was 11.5% in 4Q25, an increase from 10.9% in 4Q24 and 11.3% in 3Q25. Tangible book value per common share was $40.79 in 4Q25, a 21% increase from $33.85 in 4Q24. Total shareholders’ equity was $7,180 million in 4Q25, up 17% from $6,124 million in 4Q24. The accumulated other comprehensive income (loss) (AOCI) balance reflected a net loss of - $1.9 billion in 4Q25, an improvement of $439 million compared to 4Q24. Return on average tangible common equity increased to 17.9% in 4Q25, up 190 basis points from 16.0% in 3Q25 and 4Q24. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p><h4>Other Notable Items</h4><p>Net unrealized gains for SBIC investments were $11 million, or $0.06 per share. A FDIC Special Assessment accrual reversal of $9 million, or $0.05 per share, was recorded. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/exh991earningsrelease20251.htm"></span></p><h4>Outlook</h4><p>For fiscal year 2026, Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd Shs anticipates moderately increasing loan balances, driven by commercial loans, with commercial real estate also contributing and consumer loans remaining relatively stable. Net interest income growth is expected from balance sheet remix, loan and deposit growth, and fixed-rate asset repricing. Adjusted customer-related noninterest income is projected to increase moderately, with capital markets making a significant contribution and broad-based growth in other areas due to increased customer activity. Adjusted noninterest expense is forecast to moderately increase due to technology costs, increased marketing, and continued investments in revenue-generating businesses, though positive operating leverage is expected. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/109380/000010938026000009/earningspresentation-202.htm"></span></p>

Zions Bancorp Pref Share ZIONP F P12/31/49 | 8-K: FY2025 Q4 Revenue: USD 891 M