Filing Flows › Zions Bancorporation, National Association (ZION) › Q1 2025
Zions Bancorporation, National Association (ZION) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Zions Bancorporation, National Association (ZION) reported revenue of $795M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -3% from the quarter before. Operating margin was 30.1%, net earnings $170M (21.4% of revenue).
Zions Bancorporation, National Association, Q1 2025: revenue $795M (+7% year over year), operating margin 30.1%, net earnings $170M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $795M | -3% | +7% |
| Operating profit | $239M | -11% | +18% |
| Net earnings | $170M | -21% | +11% |
| Operating cash flow | $179M | -65% | -31% |
| Free cash flow | $152M | -69% | -34% |
What changed
Revenue was $795.0M in Q1 2025, up 7% year over year and down 3% from the previous quarter.
Operating profit was $239.0M, a 30.1% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 27% margin then. Total costs grew 3% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $170.0M, up 11% year over year. The effective tax rate was 28.9%.
Operating cash flow was $179.0M (down 31% year over year), 105% of net earnings. Non-cash charges added back $28.0M of depreciation and amortization and $17.0M of share-based compensation. Working capital and other items used $36.0M. Capital expenditures of $27.0M left free cash flow of $152.0M.
Questions
What was Zions Bancorporation, National Association's revenue in the first quarter 2025?
Zions Bancorporation, National Association (ZION) reported revenue of $795M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -3% from the quarter before.
Was Zions Bancorporation, National Association profitable in the first quarter 2025?
Operating profit was $239M (30.1% of revenue) and net earnings $170M.
Source: Zions Bancorporation, National Association 10-Q on SEC EDGAR.