Zions Bancorporation N.a. · NASDAQ:ZION
Zions Bancorporation N.a — Zions Bancorporation — Shareholder Meeting (May 2023)
13 slides from Zions Bancorporation N.a's shareholder meeting presentation, May 5, 2023
Slide 1: Annual Meeting of Shareholders: Built for Resilience
ANNUAL MEETING OF SHAREHOLDERS BUILT FOR RESILIENCE May 5, 2023
Slide 2: Forward-Looking Statements; Use of Non-GAAP Financial Measures
Forward-Looking Statements; Use of Non-GAAP Financial Measures Forward Looking Information This earnings presentation includes “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements, often accompanied by words such as “may,” “mi
Slide 3: Zions Is A Collection of Community Banks
Zions Is A Collection of Community Banks Key Differentiators: Local decision-making and top-notch service, commercial banking focus, superior credit performance Strategic local “ownership” of market opportunities and Zions’ Markets1 Ending challenges Bank Headquarters Deposits % of Total Zions Ban
Slide 4: 2022 Key Performance Indicators
2022 Key Performance Indicators Adjusted PPNR benefitted from growth in net interest income while income slowed due to reserve build for credit losses Net Income(2) Diluted Earnings Per Share Adjusted Pre-Provision Net Revenue(1) PPP Income ($ millions) Net Inc, excl. PPP $1,129 $6.79 $1,312 $5.79 $
Slide 5: Earnings Per Share ("EPS") Growth and Profitability
Earnings Per Share (“EPS”) Growth and Profitability Zions’ 5-year EPS growth ranks above most peers, due in part to share buybacks as Zions returned to a more balanced capital position GAAP Earnings per Share Growth Indexed: 2017 = 100 Adjusted Return on Tangible Common Equity1 300 20% 250 15% 200 1
Slide 6: Credit Quality – Net Loan Losses
Credit Quality – Net Loan Losses Our net charge-off history has regularly been at or near the best quartile of peers over the past decade Net Charge-offs as Percent of Loans 10-Year Net Charge-Offs as a Percent of Loans 0.80% (Average, 2013-2022) ZION Peer Top Quartile 0.70% Peer Bottom Quartile U.S
Slide 7: Cash and Immediately Available Sources of Cash vs. Uninsured Deposits
Cash and Immediately Available Sources of Cash vs. Uninsured Deposits Zions has capacity to fund 100%+ of its uninsured deposits Cash and Unutilized and Immediately Available Built for Resilience: Sources of Cash(1) vs. Uninsured Deposits Relative Risk Management Practices: Longstanding $40.2B pra
Slide 8: Common Equity Tier 1 ("CET1") Capital & Allowance for Credit Losses ("ACL")
Common Equity Tier 1 (“CET1”) Capital & Allowance for Credit Losses (“ACL”) Zions’ CET1 ratio is healthy relative to peers, and is strong relative to the regulatory “well capitalized” threshold of 6.5% Common Equity Tier 1 Capital Ratio Trailing 12-month Net Charge-offs / CET1 Capital and Allowance
Slide 9: Key Corporate Objectives
Key Corporate Objectives Focus on four growth areas supported by investments in key “enablers,” intended to drive robust financial performance People & Empowerment Data Small & Business Commercial Technology Analytics BALANCED GROWTH & PROFITABILITY Capital Affluent Markets Risk Operational Manageme
Slide 10: Zions Consistently Receives National and Local Recognition for Excellence
Zions Consistently Receives National and Local Recognition for Excellence Affiliates have strong brands in their markets One of only four banks to have averaged 15 or more Greenwich Excellence Awards since 2009 Top Team of Women Bankers1 (2015-2020) Consistently Voted Best Bank in Most Powerful Wome
Slide 11: Annual Meeting of Shareholders: Built for Resilience
ANNUAL MEETING OF SHAREHOLDERS BUILT FOR RESILIENCE May 5, 2023
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures (Amounts in millions) 2020 2021 2022 Efficiency Ratio Noninterest expense (GAAP) (a) $ 1,704 $ 1,741 $ 1,878 Adjustments: Severance costs 1 1 1 Other real estate expense 1 - 1 SBIC investment success fee accrual - 7 (1) Amortization of core deposit and other intangibles -
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures $ In millions except per share amounts 2020 2021 2022 Net Earnings Applicable to Common Shareholders (NEAC) Net earnings applicable to common 505 1,100 878 Diluted Shares 166 160 150 (k) Diluted EPS 3.02 6.79 5.79 PLUS Adjustments: Adjustments to noninterest expense 31 4
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