Zions Bancorporation, National Association (NASDAQ:ZION) Q3 2023 Earnings Call Transcript

Paul Burdiss: The other thing you need to understand too is that somewhere in the range of 90% to 95% of these customers are in our footprint. They’re not out of footprint transactions. And in those where we are not the agent, in almost all cases we have ancillary business. So these are clients that we know in our markets. This is not buying paper outside of our markets.

Brody Preston: Could I just ask one last one on those office loans with the re-tenanting? Did the slow kind of re-tenanting process cause like the debt service coverage ratio to go below 1 or anything like that?

Paul Burdiss: Yes, they did.

Operator: There are no further questions at this time. I would like to turn the floor back over to management for closing comments.

Shannon Drage: Thank you, Alicia. And thank you to all for joining us today. If you have additional questions, please contact us on the e-mail or phone number listed on our website. We look forward to connecting with you throughout the coming months. Thank you for your interest in Zions Bancorporation. And this concludes our call.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.