Zions Bancorporation National Association ($ZION) reported its third-quarter (Q3) 2024 earnings, highlighting significant financial improvements. The company achieved net earnings of $204 million, with diluted earnings per share (EPS) of $1.37, reflecting a 7% increase quarter-over-quarter and a 21% rise year-over-year. Net interest income reached $620 million, contributing to a net interest margin (NIM) of 3.03%, up from 2.93%. Pre-provision net revenue (PPNR) was $302 million, an 8% increase, while adjusted PPNR rose by 10% to $299 million. Total interest income was reported at $1.1 billion. However, the earnings call also noted a rise in classified loans within the multifamily portfolio, attributed to higher interest rates and increased rent concessions during lease-up periods. Harris H. Simmons, Chairman and CEO, expressed satisfaction with the continued financial improvements.