Zions Bancorporation ve třetím čtvrtletí 2026 meziročně zvýšila čistý zisk připadající na kmenové akcionáře na 262 milionů USD neboli 1,78 USD na zředěnou akcii z 221 milionů USD ve stejném období předchozího roku.
, /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) ("Zions" or "the Bank") today reported net earnings applicable to common shareholders of $262 million, or $1.78 per diluted common share, for the third quarter of 2026. This compares with net earnings of $221 million, or $1.48 per diluted common share, in the third quarter of 2025, and $452 million, or $3.05 per diluted common share, in the second quarter of 2026.
Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, "Third quarter earnings per share increased 20% to $1.78, up from $1.48 a year ago. The higher earnings were primarily a reflection of improved credit quality, as net loan charge-offs were $3 million, down from $56 million a year ago. Although an increased pace of loan payoffs, combined with a highly competitive market, produced flat loan growth compared to the second quarter, customer deposits grew nearly 10% annualized from second quarter levels."
Mr. Simmons continued, "Short- and medium-term interest rates began to rise in the last month of the quarter, and we expect that our moderately asset-sensitive balance sheet should produce stronger net interest income in a higher rate environment, while we're seeing continued improvement in noninterest income that we expect will continue into next year."
Mr. Simmons concluded, "We were pleased to complete the acquisition of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, at the end of July. This multifamily finance platform becomes an important strategic advantage in serving our commercial real estate clients, particularly in the fast-growing western markets we serve."
For the complete third quarter 2026 earnings release, including detailed financial schedules, please visit www.zionsbancorporation.com.
Supplemental Presentation and Conference Call
Zions has posted a supplemental presentation to its website in advance of its discussion of third quarter financial results, scheduled for 5:30 p.m. ET on October 19, 2026. Media representatives, analysts, investors, and the general public are invited to participate by calling (877) 709-8150 (domestic and international) and entering the meeting number 13763140, or by joining the on-demand webcast. A link to the webcast will be available on the Company's website at www.zionsbancorporation.com. Following the event, the webcast will be archived and accessible for 30 days.
About Zions Bancorporation, N.A.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $3.4 billion in 2025, and total assets of approximately $89 billion at December 31, 2025. The Bank operates principally through seven separately managed, geographically defined bank divisions, each operating under its own local brand and management, and serving customers primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
Zions is a consistent recipient of national and state-level customer survey awards recognizing excellence in small- and middle-market banking. It is also a leader in public finance advisory services and Small Business Administration lending. Zions is included in both the S&P MidCap 400 and NASDAQ Financial 100 indices. Additional investor information, along with links to local banking brands, is available at www.zionsbancorporation.com.
Forward-Looking Information
The earnings release contains "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and assumptions regarding future events and outcomes. However, they are inherently subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performance, achievements, industry developments, or regulatory outcomes to differ materially from those expressed or implied. Forward-looking statements may include, among others:
Statements concerning the beliefs, plans, objectives, goals, targets, commitments, designs, guidelines, expectations, anticipations, and future financial condition, operating results, and performance of Zions Bancorporation, National Association, and its subsidiaries (collectively "Zions Bancorporation, N.A.," "the Bank," "we," "our," "us"); and Statements preceded or followed by, or that include, terminology such as "may," "might," "can," "continue," "could," "should," "would," "believe," "anticipate," "estimate," "forecast," "expect," "intend," "target," "commit," "design," "plan," "project," "will," or similar words and expressions, including their negative forms. Forward-looking statements are not guarantees and should not be relied upon as representing management's views as of any subsequent date. Actual results and outcomes may differ materially from those expressed or implied. Factors that could cause such differences include, but are not limited to:
Changes in the quality, composition, and concentrations of our loan and investment securities portfolios; Changes in economic, political, and market conditions nationally and within our key markets in the Western United States, including changes in interest rates, inflation, monetary policy, fiscal, trade, and tax policies, government actions, and other macroeconomic factors that affect our financial results, customer activity, credit demand, and borrower performance; Changes in deposit levels and composition, access to wholesale funding, and the availability and cost of liquidity sources; Changes in our credit ratings; Competition from traditional and nonbank financial service providers, including credit unions, financial technology companies ("fintechs"), private credit funds, special-purpose charters, and other new and evolving industry participants; Our ability to execute strategic initiatives, manage expenses, attract and retain talent, and achieve our business objectives; Geopolitical developments, including wars, global conflicts, and environmental or catastrophic events, such as fires, natural disasters, pandemics, and other disruptions that may affect our operations and customers; Increased demand for and risks associated with the adoption and integration of emerging technologies and products, including tokenized deposits, stablecoins, blockchain, and artificial intelligence ("AI"); The occurrence of fraud, theft, or other forms of misconduct perpetrated by external parties, including customers and business partners, or by our own employees; Our ability to develop, maintain, and secure resilient technology systems and effective controls to detect and respond to fraud, cybersecurity threats, data breaches, and other operational disruptions, including increasingly sophisticated AI-enabled attacks; Our ability to effectively oversee third-party providers and mitigate risks arising from supplier performance failures, cybersecurity incidents, technology disruptions, data breaches, or other operational deficiencies; Changes in accounting standards, asset valuations and impairments, and our ability to access capital and funding markets on favorable terms; The impact of existing and proposed laws and regulations, supervisory expectations, and the outcome of legal or regulatory proceedings; Adverse developments affecting the banking industry that may negatively impact depositor, investor, or market confidence and public opinion; and Other assumptions, risks, and uncertainties described in the earnings release and our other SEC filings. We caution against placing undue reliance on forward-looking statements, as they reflect our views only as of the date they are issued. Except as required by law, we expressly disclaim any obligation to update any factors or publicly announce revisions to forward-looking statements to reflect future events or developments.
Analytici očekávají, že Zions Bancorporation ve čtvrtletí vykáže zisk 1,64 USD na akcii, což představuje meziroční nárůst o 6,5 %, a tržby ve výši 894,32 milionu USD.
In its upcoming report, Zions (ZION - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.64 per share, reflecting an increase of 6.5% compared to the same period last year. Revenues are forecasted to be $894.32 million, representing a year-over-year increase of 2.6%.
The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Zions metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net interest margin' to come in at 3.3%. The estimate is in contrast to the year-ago figure of 3.3%.
The consensus estimate for 'Efficiency Ratio' stands at 62.2%. Compared to the present estimate, the company reported 59.6% in the same quarter last year.
The consensus among analysts is that 'Average balance - Total interest-earning assets' will reach $84.79 billion. The estimate compares to the year-ago value of $82.78 billion.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $304.82 million. The estimate is in contrast to the year-ago figure of $324.00 million.
The average prediction of analysts places 'Tier 1 leverage ratio' at 9.4%. The estimate compares to the year-ago value of 8.8%.
Analysts' assessment points toward 'Tier 1 risk-based capital ratio' reaching 12.0%. The estimate is in contrast to the year-ago figure of 11.4%.
Based on the collective assessment of analysts, 'Total risk-based capital ratio' should arrive at 14.1%. Compared to the current estimate, the company reported 13.7% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total nonaccrual Loan' will likely reach $298.72 million. Compared to the current estimate, the company reported $319.00 million in the same quarter of the previous year.
Analysts forecast 'Total Noninterest Income' to reach $195.87 million. Compared to the current estimate, the company reported $189.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Commercial account fees' should come in at $49.95 million. Compared to the present estimate, the company reported $47.00 million in the same quarter last year.
Analysts predict that the 'Other customer-related fees' will reach $15.74 million. Compared to the present estimate, the company reported $15.00 million in the same quarter last year.
It is projected by analysts that the 'Card fees' will reach $24.26 million. Compared to the present estimate, the company reported $24.00 million in the same quarter last year.
View all Key Company Metrics for Zions here>>>
Shares of Zions have demonstrated returns of -8.5% over the past month compared to the Zacks S&P 500 composite's +2.1% change. With a Zacks Rank #3 (Hold), ZION is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zions má 19. října zveřejnit čtvrtletní zisk na akcii ve výši 1,64 USD, což představuje meziroční nárůst o 6,5 %, při tržbách ve výši 894,32 milionu USD.
Wall Street expects a year-over-year increase in earnings on higher revenues when Zions (ZION - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 19, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis financial holding company is expected to post quarterly earnings of $1.64 per share in its upcoming report, which represents a year-over-year change of +6.5%.
Revenues are expected to be $894.32 million, up 2.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.94% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Zions?For Zions, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.18%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Zions will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Zions would post earnings of $1.57 per share when it actually produced earnings of $1.74, delivering a surprise of +10.83%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Zions appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zions Bancorporation za šest měsíců vzrostla o 14,8 %, tažena vyššími výnosy, maržemi a lepším financováním. Rizikem zůstávají rostoucí náklady a úvěrové ztráty.
Key Takeaways Zions has gained 14.8% in six months, supported by improving revenues, margins and funding trends.ZION's NIM is projected to rise through 2028, aided by deposit repricing, loan growth and asset repricing.Zions faces rising expenses and credit risks, with provisions projected to see a 13.8% CAGR. Shares of Zions Bancorporation (ZION - Free Report) have gained 14.8% in the past six months, outperforming the industry’s 10.3% growth. Over the same period, the S&P 500 Index has rallied 22%.
If we compare the company’s price performance with its close peers like Wintrust Financial Corporation (WTFC - Free Report) and WaFd, Inc. (WAFD - Free Report) , it appears that ZION has outperformed both. In the past six months, WTFC and WAFD shares have rallied 9.4% and 0.9%, respectively.
6-Month Price Performance
Image Source: Zacks Investment Research
Does the ZION stock have more upside left despite recent strength in price? Let us find out by looking at its fundamentals and growth prospects.
Key Positives of Zions BancorporationRobust Top-Line Growth: Zions continues to benefit from consistent organic growth across its core lending and fee-based businesses. The company’s total revenues have seen a compound annual growth rate (CAGR) of 3.9% over the five years ended 2025, while loans and leases witnessed a 2.6% CAGR. Both metrics continued to improve in the first half of 2026.
Revenue Trend
Image Source: Zacks Investment Research
Looking ahead, a favorable earning-asset mix, and loan and deposit growth should support improvement in net interest income (NII), a primary revenue component. We project NII on a fully taxable-equivalent (FTE) basis to see a CAGR of 4.3% through 2028.
At the same time, Zions is working to expand fee income, particularly through its capital markets business. The acquisition of Basis Multifamily’s agency lending platform has strengthened the company’s multi-family origination and servicing capabilities, broadening its offerings to commercial real estate (CRE) clients, and creating fee-income opportunities. We expect these factors to support sustained top-line growth. Adjusted revenues are expected to increase 4% in 2026, 3.9% in 2027 and 5.8% in 2028.
Expanding Net Interest Margin (NIM): Zions continues to benefit from favorable funding dynamics and asset repricing. Following the Federal Reserve’s cumulative rate cuts over the past two years, deposit costs have reset lower, helping reduce funding costs and supporting margin expansion. Consequently, Zions’ NIM improved to 3.21% in 2025 from 3% in 2024, with the positive momentum continuing in the first half of 2026.
Going forward, continued deposit repricing, loan growth and the repricing of fixed-rate assets should support margins. An elevated interest-rate environment should also remain conducive to earning-asset yields. We project Zions’ NIM to improve to 3.27% in 2026, 3.30% in 2027 and 3.34% in 2028.
Improving Funding Mix: Zions continues to strengthen its funding profile through solid customer deposit growth and reduced reliance on wholesale borrowings. As of June 30, 2026, customer deposits, excluding brokered deposits, totaled $72.7 billion, up from $69.9 billion a year earlier, supported by focused deposit-gathering initiatives. Meanwhile, total borrowed funds declined 53% year over year mainly due to a reduction in short-term borrowings, including lower Federal Home Loan Bank advances.
The improvement has also strengthened Zions’ liquidity position. Total available liquidity reached $46.6 billion at June 30, 2026, up from $44.6 billion at 2025-end and equivalent to 135% of uninsured deposits. Importantly, available liquidity exceeded the company’s $34.4-billion uninsured deposits without requiring the sale of investment securities, providing a substantial cushion against potential funding stress.
Overall, the combination of growing core deposits, lower short-term wholesale funding dependence and ample contingent liquidity should enhance funding stability and balance-sheet flexibility, supporting Zions’ ability to fund loan growth and navigate changing market conditions.
Efficient Capital Distributions: Zions continues to demonstrate its commitment to returning excess capital to shareholders through dividends and share repurchases. In July 2026, the company raised its quarterly dividend 6.7%, following a 4.7% increase in 2025. Over the past five years, Zions has increased its dividend four times, translating into an annualized growth rate of 3.7%.
In May 2026, the company authorized up to $225 million of share buybacks for the final three quarters of 2026, after repurchasing $75 million in shares in the first quarter.
Supported by strong earnings generation, ample liquidity and a healthy capital position, Zions appears well-placed to sustain shareholder distributions while retaining sufficient flexibility to support balance-sheet growth.
What’s Hurting ZION’s Growth?Rising Expenses: Zions’ elevated cost base remains a key concern as the company continues to invest in technology, marketing and franchise expansion. Despite declines in non-interest expenses in 2020 and 2024, the metric saw a 4.6% CAGR over 2020-2025, with the upward trend continuing in the first half of 2026 due to higher salaries and employee benefit costs. Technology spending accounted for roughly 13% of total non-interest expenses in 2025 and the first half of 2026.
Expense Trend
Image Source: Zacks Investment Research
Continued investments in digital capabilities and growth initiatives are likely to keep expenses elevated and constrain operating leverage, particularly if revenue growth moderates. We expect total non-interest expenses to rise 4.7% in 2026, 3.6% in 2027 and 4.6% in 2028, potentially exerting pressure on Zions’ profitability.
Weak Asset Quality: Zions’ asset quality has weakened over the past few years, increasing its exposure to credit-cycle risks. Although provisions were relatively stable in 2025 and declined in 2024, they rose materially in 2022 and 2023 amid a softer operating backdrop. Net charge-offs (NCOs) recorded a CAGR of 17.9% over 2022-2025, highlighting increased credit losses.
While credit metrics improved in the first half of 2026, the company’s loan-loss outlook remains sensitive to macroeconomic conditions and commercial credit trends. We expect provisions to witness a CAGR of 13.8% over the next three years, which could weigh on earnings.
Analyst Sentiments for ZIONAnalysts have a mixed stance toward Zions. Over the past 30 days, the Zacks Consensus Estimate for the company’s 2026 earnings has been revised 2.3% lower. The estimate for 2027 earnings has been revised marginally upward.
Earnings Estimate Revision
Image Source: Zacks Investment Research
Final Verdict on ZION StockZions’ improving revenue trajectory, expanding NIM and stronger funding profile support its long-term prospects. Solid core deposit growth, reduced dependence on wholesale borrowings and ample liquidity provide balance-sheet flexibility, while the company’s capital position supports continued dividends and share repurchases.
However, rising operating expenses, weaker asset-quality trends and expectations for higher credit-loss provisions temper the near-term outlook. The recent downward revision to 2026 earnings estimates suggests limited catalysts for meaningful upside in the near term.
Given the balance between improving fundamentals and persistent cost and credit risks, existing investors may continue to hold on to ZION, while prospective investors may prefer to wait for a more attractive entry point.
Currently, Zions carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Engineers Gate Manager LP ve 2. čtvrtletí snížil podíl v Zions Bancorporation o 91,8 % na 9 303 akcií. Zions zároveň oznámila program zpětného odkupu akcií za 75 milionů USD.
Engineers Gate Manager LP trimmed its position in Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) by 91.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,303 shares of the bank’s stock after selling 104,429 shares during the period. Engineers Gate Manager LP’s holdings in Zions Bancorporation, N.A. were worth $644,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the second quarter worth approximately $133,000. NewEdge Advisors LLC lifted its holdings in Zions Bancorporation, N.A. by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 8,396 shares of the bank’s stock valued at $581,000 after purchasing an additional 270 shares in the last quarter. IFP Advisors Inc lifted its holdings in Zions Bancorporation, N.A. by 12.0% in the 2nd quarter. IFP Advisors Inc now owns 3,143 shares of the bank’s stock valued at $217,000 after purchasing an additional 336 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Zions Bancorporation, N.A. by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 38,015 shares of the bank’s stock worth $2,630,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Zions Bancorporation, N.A. by 5.7% during the 2nd quarter. Allworth Financial LP now owns 2,978 shares of the bank’s stock worth $206,000 after purchasing an additional 161 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Zions Bancorporation, N.A. In other news, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total transaction of $62,267.10. Following the completion of the sale, the executive vice president directly owned 17,449 shares of the company’s stock, valued at approximately $1,215,322.85. The trade was a 4.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Scott Mclean sold 33,285 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $70.63, for a total value of $2,350,919.55. Following the sale, the president owned 73,043 shares of the company’s stock, valued at approximately $5,159,027.09. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 88,787 shares of company stock valued at $6,283,858 over the last 90 days. 1.43% of the stock is owned by corporate insiders.
Zions Bancorporation, N.A. Trading Down 0.4% ZION opened at $64.98 on Tuesday. Zions Bancorporation, N.A. has a 12 month low of $46.19 and a 12 month high of $73.34. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $69.26 and a 200 day moving average price of $64.59. Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.17. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $877.44 million. Zions Bancorporation, N.A. had a return on equity of 13.72% and a net margin of 23.92%.Zions Bancorporation, N.A.’s revenue for the quarter was up 35.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Sell-side analysts expect that Zions Bancorporation, N.A. will post 6.6 earnings per share for the current fiscal year.
Zions Bancorporation, N.A. announced that its board has approved a share buyback program on Thursday, July 30th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Zions Bancorporation, N.A. Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.0%. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 13th. Zions Bancorporation, N.A.’s dividend payout ratio is 24.46%.
Analysts Set New Price Targets Several analysts recently issued reports on the stock. UBS Group began coverage on shares of Zions Bancorporation, N.A. in a research note on Monday, September 14th. They set a “buy” rating and a $78.00 price objective for the company. DA Davidson increased their price target on shares of Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Stephens decreased their price objective on Zions Bancorporation, N.A. from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Robert W. Baird raised their target price on Zions Bancorporation, N.A. from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, TD Cowen lifted their target price on Zions Bancorporation, N.A. from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus price target of $72.53.
Get Our Latest Report on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Company Profile (Free Report)
Zions Bancorporation, N.A. is a financial services company headquartered in Salt Lake City, Utah. Through its affiliated banks, the company provides a broad range of banking and related financial services to individuals, small and midsize businesses, commercial clients, and public-sector organizations.
The company’s services include commercial and consumer lending, deposits, home loans, cash management, treasury services, wealth management, investment services, and capital markets activities.
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Společnost Zions Capital Markets po akvizici platformy Basis Multifamily Finance jmenovala Vince Toyeho Managing Directorem, Head of Agency Multifamily Lending. Má rozšířit nabídku financování multifamily nemovitostí.
, /PRNewswire/ -- Zions Capital Markets, a subsidiary of Zions Bancorporation, N.A. (Nasdaq: ZION), has appointed Vince Toye as Managing Director, Head of Agency Multifamily Lending, following the close of its acquisition of the agency lending platform of Basis Multifamily Finance I, LLC. He assumed the role effective August 31 and is focusing on building the agency business and its service capabilities within the Real Estate Capital Markets division.
Vince Toye, Managing Director, Head of Agency Multifamily Lending at Zions Capital Markets "Vince is a fantastic match with our vision to expand Zions Capital Markets' capabilities and deliver exceptional services in the commercial real estate market," said Michael MacDonald, Head of Zions Capital Markets. "His leadership and expertise, combined with our new agency lending capabilities, position us to deliver comprehensive capital solutions tailored to our clients' needs."
Zions' recent acquisition of Basis brings in the agency lending platform's experienced team, capabilities, and all associated mortgage servicing rights, creating a more robust Real Estate Capital Markets line of business. The acquisition extends Zions' direct lending activities by augmenting its product suite, including a well-established commercial mortgage-backed securities conduit platform, through participation in the Fannie Mae DUS® program and Freddie Mac's Optigo® Conventional program. Under the guidance of Mr. Toye, Agency Multifamily Lending will enhance Zions Capital Markets' ability to meet the financing needs of multifamily owners, operators, and developers nationwide.
Mr. Toye reports to David Auerbach, Head of Real Estate Capital Markets, and joins Zions Capital Markets from JPMorgan Chase, where he served as Managing Director, Head of Community Development Banking, Agency and Off Balance Sheet Lending. His team achieved record results in its work to promote and expand affordable housing and provide financing for CDFIs.
Prior to JPMorgan Chase, Mr. Toye served with Wells Fargo as Executive Vice President and Group Head for Community Lending and Investment. Previously, as Head of Production for Wells Fargo Multifamily Capital, he managed the Government-Sponsored Enterprise originations team, increasing production and overseeing the bank's relationships with Fannie Mae and Freddie Mac.
About Zions Capital Markets
Zions Capital Markets is the trade name for the capital markets and investment banking activities of Zions Bancorporation, N.A, and its divisions and subsidiaries. For more information and important disclosures please visit www.zionscapitalmarkets.com.
About Zions Bancorporation
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.
Amundi increased its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) by 415.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,013 shares of the bank’s stock after buying an additional 152,328 shares during the period. Amundi owned about 0.13% of Zions Bancorporation, N.A. worth $13,078,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its position in shares of Zions Bancorporation, N.A. by 528.8% during the second quarter. Elevation Wealth Partners LLC now owns 415 shares of the bank’s stock worth $29,000 after purchasing an additional 349 shares in the last quarter. Leonteq Securities AG purchased a new position in Zions Bancorporation, N.A. in the 4th quarter worth $32,000. Trust Co. of Vermont acquired a new stake in Zions Bancorporation, N.A. during the 2nd quarter worth about $35,000. Atlas Capital Advisors Inc. purchased a new position in shares of Zions Bancorporation, N.A. in the fourth quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Zions Bancorporation, N.A. in the second quarter valued at approximately $45,000. 76.84% of the stock is currently owned by institutional investors.
Insider Activity In other Zions Bancorporation, N.A. news, EVP Scott A. Law sold 4,608 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.42, for a total transaction of $333,711.36. Following the transaction, the executive vice president owned 32,890 shares of the company’s stock, valued at $2,381,893.80. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total value of $62,267.10. Following the completion of the transaction, the executive vice president owned 17,449 shares in the company, valued at $1,215,322.85. The trade was a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,787 shares of company stock valued at $6,283,858 over the last 90 days. Insiders own 1.43% of the company’s stock.
Analysts Set New Price Targets ZION has been the subject of a number of recent research reports. Cantor Fitzgerald lifted their price objective on Zions Bancorporation, N.A. from $69.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Morgan Stanley restated an “underweight” rating and set a $77.00 price target on shares of Zions Bancorporation, N.A. in a research report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Zions Bancorporation, N.A. from $66.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Robert W. Baird raised their price objective on Zions Bancorporation, N.A. from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Finally, DA Davidson upped their price target on shares of Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.29. Check Out Our Latest Analysis on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Stock Performance NASDAQ:ZION opened at $68.75 on Friday. Zions Bancorporation, N.A. has a 12 month low of $46.19 and a 12 month high of $73.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $10.03 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.15 and a beta of 0.78. The business’s fifty day moving average price is $69.71 and its 200 day moving average price is $64.25.
Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.17. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $877.44 million. Zions Bancorporation, N.A. had a net margin of 23.92% and a return on equity of 13.72%. Zions Bancorporation, N.A.’s revenue for the quarter was up 35.7% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. On average, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 6.6 earnings per share for the current fiscal year.
Zions Bancorporation, N.A. announced that its board has authorized a share buyback plan on Thursday, July 30th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the bank to repurchase up to 0.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Zions Bancorporation, N.A. Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 24.46%.
(Free Report)
Zions Bancorporation, N.A. is a financial services company headquartered in Salt Lake City, Utah. Through its affiliated banks, the company provides a broad range of banking and related financial services to individuals, small and midsize businesses, commercial clients, and public-sector organizations.
The company’s services include commercial and consumer lending, deposits, home loans, cash management, treasury services, wealth management, investment services, and capital markets activities.
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Empowered Funds LLC lowered its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) by 98.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,072 shares of the bank’s stock after selling 315,070 shares during the quarter. Empowered Funds LLC’s holdings in Zions Bancorporation, N.A. were worth $235,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of ZION. Royal Bank of Canada grew its holdings in shares of Zions Bancorporation, N.A. by 76.3% in the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock worth $6,853,000 after purchasing an additional 59,483 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Zions Bancorporation, N.A. by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock worth $2,042,000 after acquiring an additional 6,393 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Zions Bancorporation, N.A. by 0.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock worth $25,172,000 after acquiring an additional 2,659 shares during the period. Focus Partners Wealth raised its stake in shares of Zions Bancorporation, N.A. by 91.7% during the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock valued at $1,072,000 after acquiring an additional 10,283 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Zions Bancorporation, N.A. by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,816 shares of the bank’s stock valued at $94,000 after acquiring an additional 625 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.
Zions Bancorporation, N.A. Trading Down 3.7%
Shares of NASDAQ ZION opened at $68.29 on Thursday. Zions Bancorporation, N.A. has a 1-year low of $46.19 and a 1-year high of $73.34. The business has a fifty day moving average price of $69.66 and a 200 day moving average price of $63.58. The stock has a market capitalization of $9.97 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84.
Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $877.44 million. Zions Bancorporation, N.A. had a net margin of 23.92% and a return on equity of 13.72%. The firm’s revenue was up 35.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Equities research analysts expect that Zions Bancorporation, N.A. will post 6.6 EPS for the current fiscal year.
Zions Bancorporation, N.A. declared that its Board of Directors has initiated a stock buyback plan on Saturday, May 2nd that allows the company to buyback $225.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Zions Bancorporation, N.A. Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 24.46%.
Insider Buying and Selling
In other Zions Bancorporation, N.A. news, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total value of $62,267.10. Following the transaction, the executive vice president directly owned 17,449 shares of the company’s stock, valued at approximately $1,215,322.85. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Law sold 4,608 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total value of $333,711.36. Following the transaction, the executive vice president directly owned 32,890 shares in the company, valued at approximately $2,381,893.80. The trade was a 12.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,787 shares of company stock worth $6,283,858 in the last 90 days. 1.43% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
ZION has been the subject of a number of research reports. TD Cowen boosted their price target on Zions Bancorporation, N.A. from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Cantor Fitzgerald lifted their target price on Zions Bancorporation, N.A. from $69.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. DA Davidson upped their target price on Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Wells Fargo & Company raised their price target on Zions Bancorporation, N.A. from $66.00 to $73.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.29.
View Our Latest Stock Analysis on ZION
(Free Report)
Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.
The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.
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Key Takeaways Zions Bancorporation increased its quarterly dividend by 6.7% to 48 cents per share.ZION expanded its 2026 share repurchase target to $300 million with a new $75 million authorization.Zions Bancorporation strengthened capital, funding and loan growth while advancing strategic expansion. Zions Bancorporation National Association (ZION - Free Report) maintains a disciplined capital distribution strategy, focusing on returning value to shareholders through regular increases in dividends and new share repurchase plans.
Last month, the company increased its quarterly cash dividend by 6.7% to 48 cents per share. Over the past five years, ZION has raised its dividend five times, with an annualized growth rate of 5.2%. The company has a payout ratio of 27% and currently offers a dividend yield of 2.58%.
Image Source: Zacks Investment Research
Apart from dividends, Zions has been actively returning capital through share repurchases. Recently, the board authorized an additional $75 million common share repurchase program for the third quarter of 2026, bringing the 2026 repurchase target to $300 million.
During the second quarter of 2026, the company repurchased 1.2 million common shares for $75 million. This, together with regular dividend payouts, brought total capital distribution to $142 million in the quarter.
Zions has been pursuing strategic growth initiatives to strengthen its core operations. In March 2026, the company agreed to acquire the agency lending business of Basis Investment Group, expanding its real estate financing capabilities and capital markets platform. The deal is expected to enhance Zions' presence in high-growth Western markets and support long-term revenue growth through a broader range of commercial real estate lending solutions.
As of June 30, 2026, Zions' loans and leases totaled $62.5 billion, up 3% year over year, while total deposits increased 4% to $76.6 billion. The total borrowed funds declined 53% to $3.2 billion, primarily due to lower short-term FHLB advances, highlighting the company's improving funding profile. Further, ZION maintains an investment-grade BBB+ long-term issuer credit rating from S&P Global Ratings, reflecting its strong credit profile and ability to meet its financial obligations even during periods of economic stress.
The company’s estimated Common Equity Tier 1 (CET1) capital ratio improved to 11.8% as of June 30, 2026, from 11.0% a year earlier, while the Tier 1 risk-based capital ratio and total risk-based capital ratio were 11.9% and 14.0%, respectively. The Tier 1 leverage ratio improved to 9.4%, underscoring the company's solid capital strength and ability to withstand economic uncertainty.
Thus, Zions’ consistent dividend hikes, active share repurchases, and disciplined payout strategy indicate strong capital management and financial stability. Thus, the company is well-positioned to sustain enhanced capital distribution activities and reinforce investor confidence in its long-term prospects.
Zions’ Price PerformanceOver the past six months, shares of Zions Bancorporation have gained 9.2%, outperforming the industry's 1% growth.
Image Source: Zacks Investment Research
Currently, ZION carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer Banks’ Capital Return StrategyKeyCorp (KEY - Free Report) follows a disciplined capital distribution strategy through dividends and share repurchases. In July 2026, the company declared a quarterly common cash dividend of 20.5 cents per share. The dividend will be paid out on Sept. 15, 2026, to shareholders of record as of Sept. 1.
During the second quarter of 2026, KEY repurchased $341 million of its common shares while maintaining a strong Common Equity Tier 1 (CET1) ratio of 11.2%.
Management reaffirmed its commitment to delivering shareholder value through a balanced capital return strategy, supported by a resilient balance sheet and solid capital generation.
First Horizon Corporation (FHN - Free Report) has a disciplined capital distribution strategy in place. Last month, the company's board declared a quarterly cash dividend of 17 cents per common share. This will be paid out on Oct. 1, 2026, to shareholders of record as of Sept. 11.
During the second quarter of 2026, FHN repurchased approximately 3.5 million common shares for $69 million.
Supported by solid earnings and healthy profitability, the company remains committed to returning capital to shareholders while investing in long-term growth initiatives.
, /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors has authorized share repurchases of up to $75 million of the company's common stock for the third quarter of 2026 as part of the company's previously authorized share repurchase target for 2026 of $300 million. The timing and amounts of any such actions will depend on market conditions, regulatory requirements, and other factors or uncertainties and may be updated at the discretion of the board.
The board also declared a regular quarterly dividend of $0.48 per common share, payable August 20, 2026, to shareholders of record at the close of business on August 13, 2026. The dividend represents a $0.03, or 6.7%, increase from the prior quarter.
Additionally, the board declared the regular quarterly cash dividend on the company's Series A perpetual preferred shares (NASDAQ: ZIONP; CUSIP: 98973A104). The cash dividends on the preferred shares are payable September 15, 2026, to shareholders of record on September 1, 2026.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.
, /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that it priced $500,000,000 of fixed-to-floating rate senior notes (CUSIP: 98971D AF7) due October 1, 2029, in a public transaction exempt from registration under Section 3(a)(2) of the Securities Act of 1933, as amended. The offering is expected to settle on July 31, 2026, subject to customary closing conditions.
The annual interest rate for the fixed rate period, which runs from, and including the settlement date to, but excluding, October 1, 2028, is equal to 5.239%. The annual interest rate for the floating rate period, which begins on October 1, 2028, will be equal to Compounded SOFR plus a spread of 1.08%. In addition to other customary redemption provisions at Zions' option, Zions may redeem the notes in whole, but not in part, on October 1, 2028, at 100% of the principal amount plus accrued but unpaid interest. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and RBC Capital Markets, LLC served as bookrunners for the offering.
Zions intends to use the net cash proceeds from this offering to reduce short-term borrowings. Zions also executed a receive-fixed fair value hedge against the notes during the fixed rate period, effectively converting the interest expense to a floating rate and neutralizing the impact on interest rate sensitivity.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.
Forward-Looking Information
The Press Release may contain "forward-looking statements" as the term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and assumptions regarding future events or determinations, all of which are subject to known and unknown risks, uncertainties, and other factors that may cause the Bank's actual results, performance or achievements, industry trends, and results or regulatory outcomes to differ materially 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 Zions Bancorporation, National Association and its subsidiaries (collectively "Zions Bancorporation, N.A.," "the Bank," "we," "our," "us"); and statements preceded by, 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.
Such statements are based upon the current beliefs and expectations of the Bank's management and on information currently available to management. The forward-looking statements are intended to be subject to the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder. These statements relate to the Bank's financial condition, results of operations, plans, objectives, future performance or business. The Bank does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Forward-looking statements are subject to significant risks and uncertainties. Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing the view of the Bank's management as of any subsequent date. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those presented, either expressly or impliedly, in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in the 2025 Form 10-K, the 2026 Form 10-Qs and elsewhere in the Bank's periodic reports and Current Reports filed on Form 8-K with the SEC and available at the SEC's internet site (http://www.sec.gov).
Zions Bancorp oznámila za 2. čtvrtletí zisk 3,05 USD na akcii a výnosy 1,137 miliardy USD, obojí nad odhady. Po výsledcích analytici Baird a TD Cowen zvýšili cílové ceny akcií.
Zions Bancorp (NASDAQ:ZION) reported upbeat earnings for the second quarter on Monday.
The company posted quarterly earnings of $3.05 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $1.137 billion which beat the analyst consensus estimate of $901.498 million.
Zions Bancorp shares fell 3.9% to trade at $69.10 on Tuesday.
These analysts made changes to their price targets on Zions Bancorp following earnings announcement.
Baird analyst David George maintained the stock with a Neutral and raised the price target from $68 to $75. TD Cowen analyst Janet Lee maintained the stock with a Hold and raised the price target from $71 to $73. Considering buying ZION stock? Here’s what analysts think:
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Zions Bancorporation, National Association (ZION) Q2 2026 Earnings Call July 20, 2026 5:30 PM EDT
Company Participants
Dave Riches
Harris Simmons - Chairman & CEO
R. Richards - Executive VP & CFO
Scott McLean - President, COO & Director
Derek Steward - Executive VP & Chief Credit Officer
Conference Call Participants
John Pancari - Evercore ISI Institutional Equities, Research Division
David Smith - Truist Securities, Inc., Research Division
Manan Gosalia - Morgan Stanley, Research Division
Bernard Von Gizycki - Deutsche Bank AG, Research Division
Benjamin Gerlinger - Citigroup Inc., Research Division
David Chiaverini - Jefferies LLC, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
Kenneth Usdin - Bernstein Autonomous LLP
Peter Winter - D.A. Davidson & Co., Research Division
David Rochester - Cantor Fitzgerald & Co., Research Division
Anthony Elian - JPMorgan Chase & Co, Research Division
Sun Young Lee - TD Cowen, Research Division
Christopher Spahr - Wells Fargo Securities, LLC, Research Division
Jon Arfstrom - RBC Capital Markets, Research Division
Presentation
Operator
Greetings, and welcome to the Zions Bancorp Second Quarter Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I'll now turn the call over to Dave Riches. Thank you, Dave. You may begin.
Dave Riches
Thank you, Julian, and good evening, everyone. Welcome to our conference call to discuss Zions Bank Corporation's Second Quarter 2026 results. My name is Dave Riches, Interim Director of Investor Relations. Before we begin, I would like to remind you that during this call, we will be making forward-looking statements. Actual results may differ materially. We encourage you to review the forward-looking statements and non-GAAP disclosures in our press release and on Slide 2 of today's presentation, which apply equally to statements made during this call.
A copy of the earnings release and the presentation are available at zionsbancorporation.com. For our agenda today, Chairman and Chief Executive Officer, Harris Simmons, will
Zions Bancorporation vykázala za 2. čtvrtletí 2026 čistý zisk připadá na kmenové akcionáře ve výši 452 milionů USD, tedy 3,05 USD na akcii, oproti 243 milionům USD před rokem. EPS bez zisků z investic vzrostl meziročně o 10 % na 1,74 USD.
, /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) ("Zions" or "the Bank") today reported net earnings applicable to common shareholders of $452 million, or $3.05 per diluted common share, for the second quarter of 2026. This compares with net earnings of $243 million, or $1.63 per diluted common share, in the second quarter of 2025, and $232 million, or $1.56 per diluted common share, in the first quarter of 2026.
Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, "We're very pleased with the quarterly results, as earnings per share, excluding net equity investment gains, increased 10% to $1.74, compared to $1.58 in the same period a year ago. Net equity investment gains of $215 million on Visa Class B-1 shares and $37 million on SBIC investments added $1.12 and $0.19 per share, respectively, compared to net equity investment gains of $9 million, or $0.05 per share a year ago."
Mr. Simmons continued, "We're particularly pleased with the organic growth in customer-related noninterest income, which increased 11% over last year's period, with particularly strong growth from capital markets activities, and solid growth in a variety of other categories. While loan growth compared to last year's quarter was modest at 3%, annualized linked-quarter growth was strong at 8%. Deposits grew 4% from last year and were seasonally lower compared to the first quarter."
Mr. Simmons concluded, "We're also encouraged by strong growth in tangible book value per share, which increased 22% to $44.74 from $36.81, while our Common Equity Tier 1 capital ratio further strengthened to 11.8% from 11.0% a year ago. At the same time, we're proud of our ongoing solid credit results, with annualized net charge-offs of 0.06%."
For the complete second quarter 2026 earnings release, including detailed financial schedules, please visit www.zionsbancorporation.com.
Supplemental Presentation and Conference Call
Zions has posted a supplemental presentation to its website in advance of its discussion of second quarter financial results, scheduled for 5:30 p.m. ET on July 20, 2026. Media representatives, analysts, investors, and the general public are invited to participate by calling (877) 709-8150 (domestic and international) and entering the meeting number 13761560, or by joining the on-demand webcast. A link to the webcast will be available on the Company's website at www.zionsbancorporation.com. Following the event, the webcast will be archived and accessible for 30 days.
About Zions Bancorporation, N.A.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $3.4 billion in 2025, and total assets of approximately $89 billion at December 31, 2025. The Bank operates principally through seven separately managed, geographically defined bank divisions, each operating under its own local brand and management, and serving customers primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
Zions is a consistent recipient of national and state-level customer survey awards recognizing excellence in small- and middle-market banking. It is also a leader in public finance advisory services and Small Business Administration lending. Zions is included in both the S&P MidCap 400 and NASDAQ Financial 100 indices. Additional investor information, along with links to local banking brands, is available at www.zionsbancorporation.com.
Forward-Looking Information
The earnings release contains "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and assumptions regarding future events and outcomes. However, they are inherently subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performances, achievements, industry developments, or regulatory outcomes to differ materially from those expressed or implied. Forward-looking statements may include, among others:
Statements concerning the beliefs, plans, objectives, goals, targets, commitments, designs, guidelines, expectations, anticipations, and future financial condition, operating results, and performance of Zions Bancorporation, National Association, and its subsidiaries (collectively "Zions Bancorporation, N.A.," "the Bank," "we," "our," "us"); and Statements preceded or followed by, or that include, terminology such as "may," "might," "can," "continue," "could," "should," "would," "believe," "anticipate," "estimate," "forecast," "expect," "intend," "target," "commit," "design," "plan," "project," "will," or similar words and expressions, including their negative forms. Forward-looking statements are not guarantees and should not be relied upon as representing management's views as of any subsequent date. Actual results and outcomes may differ materially from those expressed or implied. Factors that could cause such differences include, but are not limited to:
The quality and composition of our loan and investment securities portfolios and the quality and composition of our deposits; Changes in general industry, political, and economic conditions, including increases in the national debt, elevated or persistent inflation, economic slowdowns or recessions, and other macroeconomic challenges; changes in interest rates or reference rates, which could negatively impact our revenues and expenses, the valuation and performance of our assets and liabilities, and the availability and cost of capital and liquidity; Political developments, including government shutdowns and other significant disruptions and changes in the funding, size, scope, and effectiveness of the government and its agencies and services; The effects of newly enacted and proposed regulations affecting us and the banking industry, as well as changes and uncertainties in the interpretation, enforcement, and applicability of laws and fiscal, monetary, regulatory, trade, and tax policies; Actions taken by governments, agencies, central banks, and similar organizations, including those that result in decreases in revenue, increases in regulatory bank fees, insurance assessments, and capital standards; and other regulatory requirements; Evolving trade policies and disputes, such as proposed and implemented tariffs and resulting market volatility and uncertainty, including the effects on supply chains, expenses, and revenues for both us and our customers; Judicial, regulatory, and administrative inquiries, investigations, examinations or proceedings and the outcomes thereof that create uncertainty for, or are adverse to, us or the banking industry; Changes in our credit ratings; The growing presence of credit unions, financial technology companies ("fintechs"), and other emerging competitors within the financial services industry, including in the markets in which we operate; Our ability to innovate and address competitive pressures and other factors that may affect aspects of our business, such as pricing, the relevance of and demand for our products and services, and our ability to recruit and retain talent; The potential for both positive and disruptive impacts of emerging technologies, including stablecoins and other digital currencies, tokenized deposits, blockchain, artificial intelligence ("AI"), quantum computing, and related innovations affecting both us and the banking industry; Our ability to complete projects and initiatives and execute our strategic plans, manage our risks, control compensation and other expenses, and achieve our business objectives; Our ability to develop and maintain technology and information security systems, along with effective controls designed to guard against fraud, cybersecurity, and privacy risks and related incidents, particularly given the accelerating pace at which threat actors are developing and deploying increasingly sophisticated and targeted tactics against the financial services industry; The occurrence of fraud, theft, or other forms of misconduct perpetrated by external parties, including customers and business partners, or by our own employees; Our ability to provide adequate oversight of our suppliers to help us prevent or mitigate effects upon us and our customers of inadequate performance, systems failures, or cyber and other incidents by, or affecting, third parties upon whom we rely for the delivery of various products and services; The effects of wars, geopolitical conflicts, and other local, national, or international disasters, crises, or conflicts that may occur in the future; Natural disasters, pandemics, wildfires, catastrophic events, and other emergencies and incidents, and their impact on our operations, our customers' business, and the communities we serve, including the increasing difficulty and expense of obtaining property, auto, business, and other insurance products; Diverging and evolving policy, legal, regulatory, and political developments—combined with differing stakeholder perspectives related to governance, environmental, and social matters—may subject us to potentially conflicting requirements and expectations; Securities and capital markets behavior, including volatility and changes in market liquidity and our ability to raise capital; The possibility that our recorded goodwill could become impaired, which may have an adverse impact on our earnings and shareholders' equity; The impact of bank closures or adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; Adverse news and other expressions of negative public opinion—whether directed at us, other financial institutions, the banking industry, or the broader market—that may adversely affect our reputation and the industry more broadly; and Other assumptions, risks, or uncertainties described in this earnings release, and in our filings with the SEC. We caution against placing undue reliance on forward-looking statements, as they reflect our views only as of the date they are issued. Except as required by law, we expressly disclaim any obligation to update any factors or publicly announce revisions to forward-looking statements to reflect future events or developments.
