Zions Bancorporation, National Association (ZION) Q1 2023 Earnings Call Transcript

Zions Bancorporation, National Association (NASDAQ:ZION) Q1 2023 Earnings Conference Call April 19, 2023 5:30 PM ET

Company Participants

James Abbott - Director, Investor Relations

Harris Simmons - Chairman and Chief Executive Officer

Paul Burdiss - Chief Financial Officer

Michael Morris - Chief Credit Officer

Scott McLean - President and Chief Operating Officer

Conference Call Participants

Manank Gosalia - Morgan Stanley

Dave Rochester - Compass Point

John Pancari - Evercore ISI

Brad Milsaps - Piper Sandler

Ken Usdin - Jefferies

Ebrahim Poonawala - Bank of America

Brandon King - Truist Securities

Chris McGratty - KBW

Steven Alexopoulos - J.P. Morgan

Operator

Greetings, and welcome to Zions Bancorp Q1 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Director of Investor Relations, James Abbott. Thank you James. You may begin.

James Abbott

Thank you, Alicia, and good evening. We welcome you to this conference call to discuss our 2023 first quarter earnings. I would like to remind you that during this call, we will be making forward-looking statements, although actual results may differ materially. We encourage you to review the disclaimer in the press release or the slide deck on Slide 2, dealing with forward-looking information and the presentation of non-GAAP measures, which applies equally to statements made during this call. A copy of the earnings release, as well as the slide deck are available at zionsbancorporation.com.

For our agenda today, Chairman and Chief Executive Officer, Harris Simmons, will provide opening remarks. Following Harris’ comments Paul Burdiss, our Chief Financial Officer will review our financial results. Included in Paul’s comments will be a more in-depth discussion about our deposits and capital then is customary in an earnings call form, but we want to be responsive to the questions we have received over the past several weeks.

Following Paul’s comments, we’ve asked Michael Morris, our Chief Credit Officer to discuss credit quality generally, but to do an in-depth discussion about our commercial real estate portfolio and specifically our office commercial real estate portfolio. Also with us today, include – our guests include Scott McLean, President and Chief Operating Officer; and Keith Maio, Chief Risk Officer. After our prepared remarks, we will hold a question-and-answer session. We anticipate that the duration of this call will be one hour.