齐昂银行 2025年季度报告

Washington, D.C. 20549FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Forthe quarterly period endedMarch31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Forthe transition period from __________ to __________ COMMISSION FILE NUMBER001-12307 ZIONS BANCORPORATION, NATIONAL ASSOCIATION (Exact name of registrant as specified in its charter) United Statesof America(State or other jurisdiction ofincorporation or organization)One South MainSalt Lake City,Utah(Address of principal executive offices) Registrant’s telephone number, including area code: (801)844-8208 •Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90 days.YesýNo¨ •Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).YesýNo¨ •Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. Large accelerated filerýAcceleratedfiler¨Non-accelerated filer¨Smallerreportingcompany☐Emerging growth company¨ •If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ •Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes¨Noý •Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Number of common shares outstanding at April30, 2025:147,570,811shares ZIONS BANCORPORATION, NATIONAL ASSOCIATION AND SUBSIDIARIESTable of Contents PARTI. FINANCIAL INFORMATION Item1.Financial Statements (Unaudited)Consolidated Balance SheetsConsolidated Statements of IncomeConsolidated Statements of Comprehensive Income(Loss)Consolidated Statements of Changes in Shareholders’ EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial StatementsItem2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PARTII. OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem5.Other InformationItem6.Exhibits Signatures87 Table of Contents Table of Contents PART I.FINANCIAL INFORMATION ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS FORWARD-LOOKING INFORMATION This quarterly report includes “forward-looking statements” as that term is defined in the Private Securities LitigationReform Act of 1995. These statements are based on management’s current expectations and assumptions regarding futureevents or determinations, all of which are subject to known and unknown risks, uncertainties, and other factors that maycause our actual results, performance or achievements, industry trends, and results or regulatory outcomes to differmaterially from those expressed or implied. Forward-looking statements include, among others: •Statements with respect to the beliefs, plans, objectives, goals, targets, commitments, designs, guidelines,expectations, anticipations, and future financial condition, results of operations, and performance of ZionsBancorporation, National Association, and its subsidiaries (collectively “Zions Bancorporation, N.A.,” “the Bank,”“we,” “our,” “us”); and•Statements preceded or followed by, or that include the words “may,” “might,” “can,” “continue,” “could,” “should,”“would,” “believe,” “anticipate,” “estimate,” “forecasts,” “expect,” “intend,” “target,” “commit,” “design,” “plan,”“projects,” “will,” and the negative thereof and similar words and expressions. Forward-looking statements are not guarantees and should not be relied upon as representing management’s views as ofany subsequent date. Actual results and outcomes may differ materially from those presented. Although the following listis not comprehensive, key factors that may cause material differences include: •The quality and composition of our loan and investment securities portfolios and the quality and composition of ourdepo