Zions Bancorporation (ZION) RBC Capital Markets Global Financial Institutions Conference 2025 summary

Company overview and market positioning

• Operates under multiple regional brands across 11 states, focusing on local community engagement.

• Holds about $90 billion in assets, serving 840,000 consumer and 200,000 business customers.

• 65%-70% of revenue comes from small and medium-sized business banking, a key differentiator.

• Maintains industry-leading deposit mix and high customer satisfaction ratings.

• Recognized for strong credit quality and technological distinction.

Economic outlook and loan growth

• Economic conditions in core markets (Utah, Idaho, Texas, California) remain strong.

• Commercial real estate issues, especially office, are manageable with no significant increase in net charge-offs.

• Small and medium-sized businesses are focusing on inventory management, potentially supporting loan growth.

• Loan growth is guided to mid-single digits, with C&I lending expected to drive expansion.

• CRE loan portfolio expected to remain flat due to limited new underwriting.

Net interest income and deposit trends

• Net interest income outlook is positive, with margin expansion expected to continue.

• Deposit betas have normalized post-2023, with cost of deposits expected to return to peer-leading levels.

• Non-interest-bearing deposit balances have stabilized, maintaining a strong mix relative to peers.

• Operational readiness allowed for nimble deposit rate adjustments in response to Fed moves.