trending Market Intelligence /marketintelligence/en/news-insights/trending/FGFbab_WM45IsGILjic5VQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Zions' QOQ provision for credit losses falls significantly

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Zions' QOQ provision for credit losses falls significantly

Zions Bancorp. on Jan. 23 reported fourth-quarter 2016 net income available to common shareholders of $125.0 million, or 60 cents per share, compared to $88.2 million, or 43 cents per share, in the fourth quarter of 2015.

Full-year 2016 net income available to common shareholders, meanwhile, was $411.3 million, or $1.99 per share, compared with 2015's $246.6 million, or $1.20 per share.

The S&P Capital IQ consensus normalized EPS estimate was 52 cents for the recent quarter and $1.94 for the full year.

Total nonperforming assets stood at $572.9 million at the end of fourth quarter of 2016, compared to $587.2 million from the third quarter, and $357.0 million in the fourth quarter of 2015. Net charge-offs amounted to $27 million, down from $30 million sequentially but up from $13 million in the year-ago period.

Zions recorded a fourth-quarter provision for credit losses of $609,000. It had been $15.7 million in the third quarter and $16.2 million in the fourth quarter of 2015. The company attributed the decrease to lower oil and gas-related exposures and higher residential real estate and commercial real estate term exposures. The company recorded a $156 million decrease in its oil and gas-related portfolio from the prior quarter because of payoffs, charge-offs and active portfolio management. The decline was offset by a $227 million increase in consumer loans, mainly one- to four-family residential loans.

Net interest margin was 3.37%, slightly up from the linked quarter's 3.36% and the year-ago period's 3.23%.