Zions Bancorporation, National Association (NASDAQ:ZION) Q3 2024 Earnings Conference Call October 21, 2024 5:30 PM ET

Company Participants

Shannon Drage - Senior Director of IR
Harris Simmons - Chairman and CEO
Ryan Richards - CFO
Scott McLean - President and COO
Derek Steward - Chief Credit Officer
Matt Tyler - Corporate Treasurer

Conference Call Participants

Manan Gosalia - Morgan Stanley
John Pancari - Evercore ISI
Ben Gerlinger - Citi
Bernard von Gizycki - Deutsche Bank
Matthew Clark - Piper Sandler
Chris McGratty - KBW
Samuel Varga - UBS
Mike Mayo - Wells Fargo
Anthony Elian - JPMorgan
Jon Arfstrom - RBC Capital Markets

Operator

Greetings, and welcome to the Zions Bancorporation Q3 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Shannon Drage. Thank you. You may begin.

Shannon Drage

Thank you, Matt, and good evening. We welcome you to this conference call to discuss our 2024 third quarter earnings. My name is Shannon Drage, Senior Director of Investor Relations.

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 Slide 2 of the presentation 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 presentation are available at zionsbancorporation.com.

For our agenda today, Chairman and Chief Executive Officer, Harris Simmons will provide opening remarks. Following Harris' comments, Ryan Richards, our Chief Financial Officer, will review our financial results. Also with us today are Scott McLean, President and Chief Operating Officer; Derek Steward, Chief Credit Officer; and Chris Kyriakakis, Chief Risk Officer. After our prepared remarks, we will hold a question-and-answer session. This call is scheduled for one hour.

I will now turn the time over to Harris Simmons.

Harris Simmons

Thanks very much, Shannon.

We're generally quite pleased with the results for the quarter, which reflect improvement in our financial performance. We continued to benefit from the strength of our credit risk management, our valuable deposit franchise, and expense discipline, while investing in and growing the business. We expect performance will continue to improve as we carefully manage funding costs despite ongoing uncertainty around interest rates and the economy, in the face of what we expect to be moderate headwinds from the refinancing of real estate assets.