secwatch.observer — SEC 8-K summary
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Issuer:     ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION)
CIK:        0000109380
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000109380-24-000131
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zions Q3 EPS $1.37 up 21% YoY; NIM 3.03%; classified loans rise 66%; to buy 4 branches
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- Net earnings $204M, diluted EPS $1.37, up from $168M ($1.13) a year ago.
- Net interest margin improved to 3.03% from 2.93%; net interest income $620M up 6%.
- Agreed to purchase four FirstBank branches in Coachella Valley with ~$730M deposits and $420M loans.
- Classified loans surged 66% QoQ to $2.1B (3.55% of loans); net charge-offs remained low at 0.02%.
- Estimated CET1 ratio improved to 10.7% from 10.2%; tangible common equity grew 28% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109380/000010938024000131/0000109380-24-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109380/000010938024000131/zion-20241021.htm
  HTML page:      https://secwatch.observer/filing/0000109380-24-000131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer