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Zions Bancorporation ZION Nevada State Bank — Provision for Credit Losses

Discontinued — last reported Q2 '20

Similar metrics at other companies

Valley National Bank logo
VLYConsumer Banking — Provision for Credit Losses
$1.21M+114%
Valley National Bank logo
VLYConsumer Banking — Provision (credit) for credit losses
$6.01M+232%
Valley National Bank logo
VLYCommercial Banking — Provision (credit) for credit losses
$69.03M+403%
Valley National Bank logo
VLYInvestment Management — Provision for Credit Losses
$57K+115%
Valley National Bank logo
VLYCommercial Banking — Provision for Credit Losses
$20.04M-71.9%
Cullen/Frost Bankers logo
CFRNon Banks — Provision For Loan And Lease Losses
$0

Other financials

Income statement

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Revenue$849.0M+6.8%
Net income$233.0M+37.1%
EPS (diluted)$1.56+38.1%

Balance sheet

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Total debt$2.2B+83.9%
Total equity$7.3B+15.3%
Total assets$88.0B0.0%

Cash flow

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Operating cash flow$423.0M+136%
CapEx$25.0M-7.4%
Free cash flow$398.0M+162%

Valuation

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Market cap$9.73B+15.2%
P/E10.1×-0.4×
P/S2.8×+0.2×

Profitability

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Net margin28%+2.8pp
FCF margin37.5%+7.0pp

Returns & leverage

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Return on equity14.1%+0.9pp
Debt / equity0.3×+0.1×

Where this comes from

Reported directly by Zions Bancorporation in its filing.

Tagged under the XBRL concept zions:ProvisionforCreditLosses.

The official record: Zions Bancorporation’s 10-Q, filed August 5, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does nevada state bank — provision for credit losses mean?
The amount set aside by the Nevada State Bank segment to cover potential future losses on bad loans.
How do you interpret nevada state bank — provision for credit losses?
An increase often signals deteriorating credit quality or a more conservative economic outlook, while a decrease suggests improved borrower health.
How does nevada state bank — provision for credit losses compare across companies?
Standard credit risk metric comparable to provision expenses across the banking industry.