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Zions Bancorporation, National Association ( ZION ) Q3 2026 Earnings Call October 19, 2026 5:30 PM EDT Company Participants Jason Arbuckle - Senior Director of Corporate Finance and Transformation Harris Simmons - Chairman & CEO R. Richards - Executive VP & CFO Derek Steward - Executive VP & Chief Credit Officer Scott McLean - President, COO & Director Matthew Tyler - Senior VP & Treasurer Conference Call Participants Bernard Von Gizycki - Deutsche Bank AG, Research Division John Pancari - Evercore ISI Institutional Equities, Research Division David Rochester - Cantor Fitzgerald & Co., Research Division Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division Ryan Kenny - Morgan Stanley, Research Division Kenneth Usdin - Bernstein Autonomous LLP Timur Braziler - UBS Investment Bank, Research Division David Smith - Truist Securities, Inc., Research Division David Chiaverini - Jefferies LLC, Research Division Sun Young Lee - TD Cowen, Research Division Anthony Elian - JPMorgan Chase & Co, Research Division Jon Arfstrom - RBC Capital Markets, Research Division Presentation Operator Greetings.

Zions (ZION - Free Report) reported $893 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 2.4%. EPS of $1.78 for the same period compares to $1.54 a year ago.

The reported revenue represents a surprise of +0.01% over the Zacks Consensus Estimate of $892.91 million. With the consensus EPS estimate being $1.64, the EPS surprise was +8.54%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Zions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net interest margin: 3.2% versus 3.3% estimated by seven analysts on average.Efficiency Ratio: 61.9% compared to the 62.3% average estimate based on seven analysts.Net charge-offs to average loans and leases: 0% compared to the 0.1% average estimate based on seven analysts.Average balance - Total interest-earning assets: $85.42 billion versus the four-analyst average estimate of $84.79 billion.Total nonperforming assets: $315 million versus the three-analyst average estimate of $304.82 million.Tier 1 leverage ratio: 9.2% compared to the 9.4% average estimate based on three analysts.Tier 1 risk-based capital ratio: 11.9% versus the three-analyst average estimate of 12%.Total risk-based capital ratio: 13.9% versus 14.1% estimated by three analysts on average.Total nonaccrual Loan: $311 million compared to the $298.72 million average estimate based on three analysts.Total Noninterest Income: $197 million compared to the $195.18 million average estimate based on seven analysts.Commercial account fees: $49 million compared to the $49.79 million average estimate based on six analysts.Other customer-related fees: $15 million versus $15.79 million estimated by six analysts on average.View all Key Company Metrics for Zions here>>>

Shares of Zions have returned -2.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /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.

SOURCE Zions Bancorporation

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.

Banco Santander Chile (NYSE:BSAC – Get Free Report) and Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, institutional ownership, earnings and risk.

Insider and Institutional Ownership 6.4% of Banco Santander Chile shares are owned by institutional investors. Comparatively, 76.8% of Zions Bancorporation, N.A. shares are owned by institutional investors. 1.4% of Zions Bancorporation, N.A. shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Dividends Banco Santander Chile pays an annual dividend of $1.09 per share and has a dividend yield of 3.3%. Zions Bancorporation, N.A. pays an annual dividend of $1.92 per share and has a dividend yield of 3.0%. Banco Santander Chile pays out 41.6% of its earnings in the form of a dividend. Zions Bancorporation, N.A. pays out 24.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Zions Bancorporation, N.A. has raised its dividend for 12 consecutive years.

Valuation & Earnings This table compares Banco Santander Chile and Zions Bancorporation, N.A.”s gross revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Banco Santander Chile $2,955.13 billion 0.01 $1.12 billion $2.62 12.47 Zions Bancorporation, N.A. $4.94 billion 1.87 $899.00 million $7.85 8.06 Banco Santander Chile has higher revenue and earnings than Zions Bancorporation, N.A.. Zions Bancorporation, N.A. is trading at a lower price-to-earnings ratio than Banco Santander Chile, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk Banco Santander Chile has a beta of 0.49, suggesting that its share price is 51% less volatile than the S&P 500. Comparatively, Zions Bancorporation, N.A. has a beta of 0.84, suggesting that its share price is 16% less volatile than the S&P 500.

Analyst Ratings This is a summary of current ratings for Banco Santander Chile and Zions Bancorporation, N.A., as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Banco Santander Chile 1 4 3 1 2.44 Zions Bancorporation, N.A. 3 10 6 0 2.16 Banco Santander Chile presently has a consensus price target of $35.40, indicating a potential upside of 8.31%. Zions Bancorporation, N.A. has a consensus price target of $72.12, indicating a potential upside of 13.97%. Given Zions Bancorporation, N.A.’s higher probable upside, analysts plainly believe Zions Bancorporation, N.A. is more favorable than Banco Santander Chile.

Profitability This table compares Banco Santander Chile and Zions Bancorporation, N.A.’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Banco Santander Chile 27.04% 22.94% 1.70% Zions Bancorporation, N.A. 23.92% 13.72% 1.11% (Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services. It also provides mutual fund management, insurance and securities brokerage, foreign exchange services, financial leasing, financial consulting and advisory, investment management, foreign trade, leasing, factoring, treasury, and transactional services, as well as specialized services to finance residential projects. In addition, the company offers short-term financing and fundraising, and brokerage services, as well as derivatives, securitization, and other products; and manages capital allocations. It serves individuals, small to middle-sized entities, companies, and large corporations, as well as universities, government entities, and local and regional governments. The company was incorporated in 1977 and is headquartered in Santiago, Chile. Banco Santander-Chile operates as a subsidiary of Banco Santander, S.A.

About Zions Bancorporation, N.A. (Get Free Report)

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments. The company offers commercial and small business banking services to small- and medium-sized businesses, such as commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository account and cash management services; commercial and small business cards; merchant processing services; corporate trust services; and correspondent banking and international lending services. It also provides capital markets and investment banking services, including loan syndications, foreign exchange services, interest rate derivatives, fixed income securities underwriting, advisory and capital raising, commercial mortgage-backed security conduit lending, and power and project financing; and commercial real estate lending services consisting of term and construction/land development financing for commercial and residential purposes. In addition, the company offers retail banking services comprising residential mortgages, home equity lines of credit, personal lines of credit, installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management services consisting of investment management, fiduciary and estate, and advanced business succession and estate planning services. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.

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Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) has received an average rating of “Hold” from the twenty research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $72.53.

Several research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Zions Bancorporation, N.A. from $74.00 to $76.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Truist Financial raised their price target on Zions Bancorporation, N.A. from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Evercore cut Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 price objective on the stock. in a report on Thursday, July 23rd. UBS Group initiated coverage on Zions Bancorporation, N.A. in a research report on Monday, September 14th. They issued a “buy” rating and a $78.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Zions Bancorporation, N.A. from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st.

Read Our Latest Stock Analysis on Zions Bancorporation, N.A.

Insider Buying and Selling In other Zions Bancorporation, N.A. news, President Scott J. Mclean sold 33,285 shares of Zions Bancorporation, N.A. stock in a transaction dated 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 $5,159,027.09. This trade represents a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott A. Law sold 4,608 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,381,893.80. This represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 88,787 shares of company stock valued at $6,283,858. Company insiders own 1.43% of the company’s stock. Institutional Investors Weigh In On Zions Bancorporation, N.A. Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Zions Bancorporation, N.A. by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 3,159 shares of the bank’s stock valued at $182,000 after buying an additional 157 shares during the last quarter. Allworth Financial LP increased its holdings in Zions Bancorporation, N.A. by 5.7% during the second quarter. Allworth Financial LP now owns 2,978 shares of the bank’s stock worth $206,000 after buying an additional 161 shares during the last quarter. Michels Family Financial LLC raised its position in Zions Bancorporation, N.A. by 1.5% during the fourth quarter. Michels Family Financial LLC now owns 12,142 shares of the bank’s stock worth $711,000 after acquiring an additional 185 shares in the last quarter. Modern Wealth Management LLC raised its position in Zions Bancorporation, N.A. by 4.7% during the first quarter. Modern Wealth Management LLC now owns 4,670 shares of the bank’s stock worth $272,000 after acquiring an additional 209 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Zions Bancorporation, N.A. by 0.6% during the second quarter. Arizona State Retirement System now owns 40,807 shares of the bank’s stock worth $2,823,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 1.6% Shares of NASDAQ ZION opened at $63.83 on Friday. Zions Bancorporation, N.A. has a 52-week low of $46.19 and a 52-week high of $73.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $9.32 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.06 and a beta of 0.78. The firm has a 50 day moving average price of $68.57 and a 200 day moving average price of $64.71.

Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last posted its earnings results on Monday, July 20th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.17. Zions Bancorporation, N.A. had a net margin of 23.92% and a return on equity of 13.72%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $877.44 million. During the same period last year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 35.7% compared to the same quarter last year. Analysts expect that Zions Bancorporation, N.A. will post 6.6 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.0%. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 13th. Zions Bancorporation, N.A.’s dividend payout ratio is currently 24.46%.

Zions Bancorporation, N.A. announced that its Board of Directors has approved a share repurchase program on Thursday, July 30th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 0.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

(Get 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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Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) and Banco Santander Chile (NYSE:BSAC – Get Free Report) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings.

Dividends Zions Bancorporation, N.A. pays an annual dividend of $1.92 per share and has a dividend yield of 2.9%. Banco Santander Chile pays an annual dividend of $1.10 per share and has a dividend yield of 3.3%. Zions Bancorporation, N.A. pays out 24.5% of its earnings in the form of a dividend. Banco Santander Chile pays out 42.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Zions Bancorporation, N.A. has raised its dividend for 12 consecutive years.

Institutional & Insider Ownership 76.8% of Zions Bancorporation, N.A. shares are held by institutional investors. Comparatively, 6.4% of Banco Santander Chile shares are held by institutional investors. 1.4% of Zions Bancorporation, N.A. shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Ratings This is a breakdown of recent recommendations and price targets for Zions Bancorporation, N.A. and Banco Santander Chile, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Zions Bancorporation, N.A. 3 11 6 0 2.15 Banco Santander Chile 1 4 3 1 2.44 Zions Bancorporation, N.A. presently has a consensus price target of $72.53, indicating a potential upside of 11.19%. Banco Santander Chile has a consensus price target of $35.40, indicating a potential upside of 4.71%. Given Zions Bancorporation, N.A.’s higher probable upside, equities analysts plainly believe Zions Bancorporation, N.A. is more favorable than Banco Santander Chile.

Profitability This table compares Zions Bancorporation, N.A. and Banco Santander Chile’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Zions Bancorporation, N.A. 23.92% 13.72% 1.11% Banco Santander Chile 27.04% 22.94% 1.70% Risk & Volatility Zions Bancorporation, N.A. has a beta of 0.78, meaning that its share price is 22% less volatile than the S&P 500. Comparatively, Banco Santander Chile has a beta of 0.51, meaning that its share price is 49% less volatile than the S&P 500.

Valuation and Earnings This table compares Zions Bancorporation, N.A. and Banco Santander Chile”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Zions Bancorporation, N.A. $4.94 billion 1.93 $899.00 million $7.85 8.31 Banco Santander Chile $4.50 billion 3.54 $1.12 billion $2.62 12.90 Banco Santander Chile has lower revenue, but higher earnings than Zions Bancorporation, N.A.. Zions Bancorporation, N.A. is trading at a lower price-to-earnings ratio than Banco Santander Chile, indicating that it is currently the more affordable of the two stocks.

(Get Free Report)

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments. The company offers commercial and small business banking services to small- and medium-sized businesses, such as commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository account and cash management services; commercial and small business cards; merchant processing services; corporate trust services; and correspondent banking and international lending services. It also provides capital markets and investment banking services, including loan syndications, foreign exchange services, interest rate derivatives, fixed income securities underwriting, advisory and capital raising, commercial mortgage-backed security conduit lending, and power and project financing; and commercial real estate lending services consisting of term and construction/land development financing for commercial and residential purposes. In addition, the company offers retail banking services comprising residential mortgages, home equity lines of credit, personal lines of credit, installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management services consisting of investment management, fiduciary and estate, and advanced business succession and estate planning services. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.

About Banco Santander Chile (Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services. It also provides mutual fund management, insurance and securities brokerage, foreign exchange services, financial leasing, financial consulting and advisory, investment management, foreign trade, leasing, factoring, treasury, and transactional services, as well as specialized services to finance residential projects. In addition, the company offers short-term financing and fundraising, and brokerage services, as well as derivatives, securitization, and other products; and manages capital allocations. It serves individuals, small to middle-sized entities, companies, and large corporations, as well as universities, government entities, and local and regional governments. The company was incorporated in 1977 and is headquartered in Santiago, Chile. Banco Santander-Chile operates as a subsidiary of Banco Santander, S.A.

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Zions Bancorporation, National Association (ZION) Barclays 24th Annual Global Financial Services Conference September 15, 2026 12:00 PM EDT

Company Participants

Harris Simmons - Chairman & CEO

Conference Call Participants

Jason Goldberg - Barclays Bank PLC, Research Division

Presentation

Jason Goldberg
Barclays Bank PLC, Research Division

Moving right along, very pleased to have Zions Bancorp with us. I want to say, this is the 24th consecutive year they've been at this conference, and we've only done 24, I check that. But -- Harris Simmons has been Chairman and CEO for every one of those years, probably one of the very few companies of the 220 we have here that could say that. So Harris, welcome back.

Harris Simmons
Chairman & CEO

Thank you.

Question-and-Answer Session

Jason Goldberg
Barclays Bank PLC, Research Division

Maybe the best place to start is just the macro environment. You operate in many markets traditionally kind of above-average growth on the western part of the U.S. The environment today feels a lot different than the environment we talked about when you were here last year. Maybe just talk about your outlook for the U.S. economy, your expectations for interest rates over the next few months, and just how you think that will overall impact customer behavior?

Harris Simmons
Chairman & CEO

Yes. Well, I think the economy continues to just chug along. I mean it's -- I think in each of the markets we operate in, we kind of everything kind of Texas up to the Pacific Northwest and south and west of that. So it's a pretty good cross-section in Southwest. And it -- we're not seeing signs of any kind of framing in terms of credit. It's not -- nothing is on fire other than a lot of forests this summer, but the economy is just kind of cranks it out. It's kind of the energizer bunny of economies, which has

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Bank of New York Mellon Corp acquired a new stake in shares of Zions Bancorporation, N.A. (NASDAQ: ZION) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,271,295 shares of the bank's stock, valued at approximately $87,961,000.

, /PRNewswire/ -- Westlake Securities ("Westlake"), a leading middle-market investment bank, is pleased to announce that it served as exclusive financial advisor to SolvChem, Inc. ("SolvChem" or the "Company") in securing an expanded senior credit facility from Amegy Bank, a division of Zions Bancorporation, N.A., to support the Company's continued growth. The transaction marks Westlake's second engagement with SolvChem.

Headquartered in Pearland, Texas, SolvChem is a branded and private-label chemical consumer products manufacturer and chemical distributor, specializing in custom chemical blending and packaging services.

The expanded structure includes advancing term loans that fund the construction and equipping of new production capacity as the project progresses, alongside expanded revolving capacity to support the Company's continued organic growth.

"Expanding this facility was the natural next step in our growth plan. This commitment gives us the capital to keep investing in our capacity and our customers," said Jean-Pierre Baizán, CEO of SolvChem. "Westlake's understanding of our business and their expertise in project finance made this another smooth process from start to finish."

"Closing a second transaction with SolvChem, this time a multi-facility credit structure built around a significant capital project, says everything about the strength of our relationship with the Company and our commitment to serving our clients," said Jon D'Andrea, Managing Director at Westlake Securities. "Jean-Pierre and his team have built a remarkable business, and we look forward to supporting their continued growth."

For more information regarding this transaction or Westlake Securities' advisory services, please contact [email protected].

About SolvChem

SolvChem, Inc. is a leading diversified chemicals company headquartered in Pearland, Texas. As a family business for over 55 years, SolvChem specializes in custom chemical blending, packaging, and handling services for the top companies and brands in the world. To learn more, visit solvchem.com.

About Amegy Bank

Amegy Bank, a division of Zions Bancorporation, N.A. (NASDAQ: ZION), is a leading Texas bank with $14 billion in assets and about 1,000 employees. Amegy is recognized by Coalition Greenwich as a 2026 Best Bank Award winner, receiving 15 Best Bank Awards for serving middle market and small business clients, placing second in the nation for total awards issued in the middle market banking segment. With more than 75 locations across Houston, Dallas-Fort Worth and Central Texas, Amegy is dedicated to serving Texas communities, families and businesses. To learn more about Amegy Bank, visit amegybank.com. For media inquiries, contact Emmy Bost at [email protected].

About Westlake Securities

Westlake Securities is an award-winning middle-market investment bank founded in 2003 and based in Austin, Texas. The firm has closed over $6.7B in transactions across mergers and acquisitions, private capital placements, and growth advisory for companies throughout the United States. To learn more, visit westlakesecurities.com. Securities and investment banking services are offered through FNEX Capital, LLC, member FINRA/SIPC. Westlake Securities is not affiliated with FNEX Capital.

SOURCE WESTLAKE SECURITIES, LLC

Empowered Funds LLC cut its stake in Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) by 98.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,072 shares of the bank’s stock after selling 315,070 shares during the period. Empowered Funds LLC’s holdings in Zions Bancorporation, N.A. were worth $235,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Zions Bancorporation, N.A. in the 4th quarter valued at about $105,700,000. Balyasny Asset Management L.P. raised its position in Zions Bancorporation, N.A. by 1,270.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,146,992 shares of the bank’s stock worth $67,145,000 after buying an additional 1,063,303 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Zions Bancorporation, N.A. by 31.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock worth $167,677,000 after buying an additional 711,218 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Zions Bancorporation, N.A. in the second quarter valued at about $32,008,000. Finally, FIL Ltd boosted its position in Zions Bancorporation, N.A. by 117.6% during the fourth quarter. FIL Ltd now owns 1,113,079 shares of the bank’s stock worth $65,160,000 after purchasing an additional 601,610 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades A number of analysts recently commented on the company. 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 research note on Tuesday, July 21st. Evercore lowered shares of Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 price objective for the company. in a research report on Thursday, July 23rd. Robert W. Baird raised their target price 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. Barclays raised their price target on shares of Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley lifted their price objective on Zions Bancorporation, N.A. from $68.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Six equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.29.

Check Out Our Latest Analysis on Zions Bancorporation, N.A.

Insiders Place Their Bets In other news, EVP Scott A. Law sold 4,608 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.42, for a total transaction of $333,711.36. Following the completion of the transaction, the executive vice president owned 32,890 shares in the company, valued at approximately $2,381,893.80. This represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Scott J. Mclean sold 33,285 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $70.63, for a total transaction of $2,350,919.55. Following the completion of the sale, the president directly owned 73,043 shares in the company, valued at approximately $5,159,027.09. This trade represents a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,787 shares of company stock valued at $6,283,858 over the last three months. Company insiders own 1.43% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance Shares of NASDAQ ZION opened at $71.61 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $69.15 and its two-hundred day moving average price is $63.25. Zions Bancorporation, N.A. has a 52-week low of $46.19 and a 52-week high of $73.34. The stock has a market capitalization of $10.45 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.71 and a beta of 0.81.

Zions Bancorporation, N.A. Increases Dividend The business 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 represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, August 13th. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 22.93%.

Zions Bancorporation, N.A. announced that its Board of Directors has authorized a share repurchase plan on Saturday, May 2nd that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Zions Bancorporation, N.A. (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.

Featured Stories Five stocks we like better than Zions Bancorporation, N.A. Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report).

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California State Teachers Retirement System increased its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) by 26.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,032 shares of the bank’s stock after buying an additional 37,272 shares during the period. California State Teachers Retirement System owned about 0.12% of Zions Bancorporation, N.A. worth $10,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Zions Bancorporation, N.A. by 76.3% in the 1st quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock valued at $6,853,000 after purchasing an additional 59,483 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Zions Bancorporation, N.A. by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock worth $2,042,000 after buying an additional 6,393 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Zions Bancorporation, N.A. by 0.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock valued at $25,172,000 after purchasing an additional 2,659 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Zions Bancorporation, N.A. by 91.7% in the 1st quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock valued at $1,072,000 after purchasing an additional 10,283 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Zions Bancorporation, N.A. by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,816 shares of the bank’s stock worth $94,000 after acquiring an additional 625 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades A number of equities research analysts have recently commented on ZION shares. Truist Financial upped their target price on shares of Zions Bancorporation, N.A. from $66.00 to $72.00 and gave the company a “hold” rating in a report on Friday, July 10th. Morgan Stanley raised their price objective on shares of Zions Bancorporation, N.A. from $68.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Barclays raised their price objective on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. cut shares of Zions Bancorporation, N.A. from a “neutral” rating to an “underweight” rating and set a $75.00 target price for the company. in a research report on Tuesday, July 21st. Finally, Evercore lowered Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 price objective on the stock. in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus target price of $71.29.

View Our Latest Stock Analysis on Zions Bancorporation, N.A.

Zions Bancorporation, N.A. Price Performance Shares of NASDAQ ZION opened at $70.84 on Tuesday. The business has a 50 day moving average price of $67.69 and a two-hundred day moving average price of $62.60. The firm has a market cap of $10.42 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. Zions Bancorporation, N.A. has a fifty-two week low of $46.19 and a fifty-two week high of $73.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26.

Zions Bancorporation, N.A. Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 22.93%.

Zions Bancorporation, N.A. announced that its board has initiated a stock repurchase program on Saturday, May 2nd that authorizes the company to buyback $225.00 million in shares. This buyback authorization authorizes the bank to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Zions Bancorporation, N.A. In related news, EVP Jennifer Anne Smith sold 4,209 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $62.50, for a total value of $263,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Derek Steward sold 894 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $69.65, for a total transaction of $62,267.10. Following the sale, the executive vice president owned 17,449 shares in the company, valued at $1,215,322.85. This trade represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.43% of the company’s stock.

About Zions Bancorporation, N.A. (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.

Further Reading Five stocks we like better than Zions Bancorporation, N.A. SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks? Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report).

Receive News & Ratings for Zions Bancorporation N.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation N.A. and related companies with MarketBeat.com's FREE daily email newsletter.

, /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.  

SOURCE Zions Bancorporation

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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of more than 400 branches. The company operates across 11 western states: Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.

ZION is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.63; value investors should take notice.

Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.06 to $6.50 per share. ZION boasts an average earnings surprise of +15.2%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, ZION should be on investors' short list.

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Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of more than 400 branches. The company operates across 11 western states: Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.

ZION is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Finance stock. ZION has a Momentum Style Score of B, and shares are up 7.1% over the past four weeks.

For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $6.49 per share. ZION boasts an average earnings surprise of +15.2%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ZION should be on investors' short list.

Key Takeaways Zions beat Q2 earnings estimates; adjusted EPS rose 10.1% y/y.ZION's NII grew y/y, supported by lower funding costs and higher-yielding loans.ZION's adjusted expenses rose 4.8%, while shares fell 2.8% after hours despite the earnings beat. Zions Bancorporation’s (ZION - Free Report)  second-quarter 2026 adjusted earnings of $1.74 per share surpassed the Zacks Consensus Estimate of $1.57. Moreover, the bottom line increased 10.1% from the year-ago quarter.

Results were primarily aided by higher net interest income (NII) and growth in non-interest income. Higher sequential loan balance was another positive. However, a rise in non-interest expenses hurt the results to some extent. In the reported quarter, the company recorded a provision expense as against a benefit in the year-ago quarter. Probably because of these negatives, shares of the company lost 2.8% in the after-market hours despite better-than-expected overall performance.

The reported quarter’s results excluded net equity investment gains of $215 million on Visa Class B-1 shares and $37 million on SBIC investments. After considering these, net income attributable to common shareholders (GAAP) was $452 million, up 86% year over year. We had projected the metric to be $396 million.

Zions’ Revenues Improve, Expenses RiseNet revenues (taxable-equivalent) were $1.15 billion, up 35% year over year. Adjusted tax-equivalent net revenues were $878 million. The Zacks Consensus Estimate for second-quarter revenues was $879.2 million.

NII was $677 million, up 4.5% from the prior-year quarter. The increase was mainly driven by lower funding costs and an improved mix of average interest-earning assets, reflecting growth in higher-yielding loans and a decline in lower-yielding investment securities. The net interest margin (NIM) expanded 10 basis points (bps) year over year to 3.27%. Our estimates for NII and NIM were $671 million and 3.29%, respectively.

Non-interest income was $460 million, up significantly from $190 million in the year-ago quarter. The rise was driven by an increase in almost all fee income components, except for dividends and other income. In the reported quarter, the company recorded net securities gains of $269 million, up significantly from $14 million in the prior-year quarter. Adjusted non-interest income was $190 million in the reported quarter. We had projected non-interest income of $186.7 million.

Adjusted non-interest expenses were $546 million, up 4.8% year over year. Our estimate for the metric was $551 million.

The adjusted efficiency ratio was 62.2%, unchanged from the prior-year quarter.

Zion’s Loans Increase, Deposits Decline MarginallyAs of June 30, 2026, net loans and leases held for investment were $61.8 billion, up 1.9% from the previous quarter. Total deposits were $76.6 billion, down marginally from the prior quarter. Our estimates for net loans and leases held for investment and total deposits were $62.1 billion and $76.3 billion, respectively.

ZION’s Credit Quality: A Mixed BagThe ratio of non-performing assets to loans and leases and other real estate owned declined to 0.48% from 0.51% in the year-ago quarter. Net loan and lease charge-offs were $9 million, down from $10 million in the prior-year quarter.

However, in the reported quarter, the company recorded a provision for credit losses of $3 million against a $1-million provision benefit in the prior-year quarter. We had projected provisions of $16 million.

Strong Capital & Profitability Ratios for ZionsAs of June 30, 2026, the common equity tier 1 (CET1) capital ratio was 11.8%, up from 11% in the prior-year quarter. The Tier 1 risk-based capital ratio was 11.9% compared with 11.1% a year ago, while the Tier 1 leverage ratio improved to 9.4% from 8.5% at the end of the year-ago quarter.

Return on average assets was 2.01%, up from 1.09% in the year-ago quarter. Return on average tangible common equity was 28.6%, up from 18.7% in the prior-year quarter.

ZION’s Share Repurchase UpdateDuring the quarter, the company repurchased 1.2 million shares for $75 million.

Our Take on ZIONZions’ modest loan growth, improving NII, solid fee income growth and strengthening deposit base are encouraging. However, elevated expenses and significant exposure to commercial loans remain key concerns.

Currently, Zions carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other BanksCommerce Bancshares Inc.’s (CBSH - Free Report) second-quarter 2026 earnings of $1.10 per share surpassed the Zacks Consensus Estimate of $1.04. The bottom line reflected a rise of 1% from the prior-year quarter.

CBSH’s results primarily benefited from higher NII and a rise in non-interest income. The sequential rise in loan balances acted as a tailwind. However, higher expenses and provisions hurt CBSH’s results to some extent.

F.N.B. Corporation (FNB - Free Report) reported second-quarter 2026 earnings of 42 cents per share, which matched the Zacks Consensus Estimate. The bottom line jumped 16.7% year over year.

FNB’s results primarily benefited from higher NII, a rise in non-interest income and lower provisions. Higher average loans and deposits were other positives. However, higher non-interest expenses hurt the results to some extent.

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

3 High-Yield Banks for Investors to Buy on the DipZions Bancorporation, N.A. NASDAQ: ZION reported sharply higher second-quarter 2026 earnings, helped by one-time gains, while management pointed to steady net interest margin, modest loan growth, stronger fee income and solid credit quality.

Chairman and Chief Executive Officer Harris Simmons said the company was “reasonably pleased” with the results, which he said reflected “meaningful year-over-year improvement and continued progress” on strategic priorities. Net earnings available to common shareholders were $452 million, or $3.05 per share.

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New York Community Bank stock plummets amid real estate risksThe quarter included two notable items: a $215 million pretax gain from the liquidation of Visa Class B-1 shares and a $37 million net unrealized pretax gain tied to a small business investment company investment, after a success fee accrual. Excluding those items, Simmons said earnings per share were $1.74, up from $1.58 in the year-earlier quarter.

Net Interest Income and Margin Remain Stable Chief Financial Officer Ryan Richards said taxable-equivalent net interest income was $677 million, up $15 million, or 2%, from the prior quarter and up $29 million, or 4%, from the year-ago quarter. The net interest margin was 3.27%, flat with the prior quarter and up 10 basis points from a year earlier.

Banking and trucking: Is the economy rolling toward troubles?Richards said the year-over-year margin improvement primarily reflected lower funding costs for deposits and borrowings. Average loans increased at a 4.7% annualized rate during the quarter, led by commercial and industrial lending, while average customer deposits rose 4.0%.

Management faced repeated questions from analysts about the company’s net interest income outlook and the impact of potential rate hikes. Richards said the company’s guidance incorporated one rate increase implied by the forward curve at the time of its forecast. He later clarified that, with one hike included, the company sees the potential for upper-single-digit year-over-year net interest income growth by the second quarter of 2027. Without a rate hike, Richards said net interest income would still be expected to increase moderately.

Deposit Competition Remains a Focus Executives described the deposit market as competitive, particularly as some targeted deposit campaigns approach wholesale funding rates. Richards said the company saw noninterest-bearing balances decline on a period-end basis, partly reflecting second-quarter seasonality, while interest-bearing balances increased.

President and Chief Operating Officer Scott McLean said the company’s marketing efforts are focused on granular consumer and small-business deposits. Simmons highlighted the launch of Business Beyond, a new deposit and payments account for small businesses, which follows the consumer-focused Gold Account introduced last year. Simmons said the company has opened more than 10,000 accounts between the two products so far this year.

McLean also said Zions has about $6.5 billion to $7 billion in off-balance-sheet deposits, down from a peak of roughly $12 billion, and has been bringing some of those balances back on balance sheet when doing so is accretive compared with overnight borrowing costs. He said deposits brought in through the company’s wholesale deposit campaign are generally 30 to 40 basis points accretive to overnight borrowings.

Fee Income Supported by Capital Markets Customer-related noninterest income was $182 million, compared with $172 million in the prior quarter and $164 million a year earlier. Richards said results reflected broad-based growth across nearly all revenue streams, with capital markets fees increasing by $8 million, supported by higher real estate capital markets and investment banking advisory fees.

Simmons said the company’s capital markets division has become an important contributor to fee income growth since its launch in 2020. He also discussed Zions’ agreement to acquire Basis Investment Group’s Fannie Mae and Freddie Mac multifamily lending business line, related mortgage servicing rights and an experienced team. The transaction is expected to close in the third quarter.

Simmons said any revenue or financial contribution from the Basis transaction is not included in the company’s current outlook because the deal has not yet closed. He added that the financial benefits are expected to build gradually as the platform is integrated and production volumes ramp up.

During the question-and-answer session, McLean said the company expects a “nice upward trajectory” in capital markets revenue as multiple product areas contribute, while Richards said the business should become more durable as Zions adds capabilities in real estate capital markets, advisory fees and multifamily lending.

Expenses, Credit Quality and Capital Adjusted noninterest expense was $546 million, down from the prior quarter primarily because of seasonal compensation, but higher than a year earlier due to increased professional and outsourced services, higher incentive compensation and technology costs. Richards said Zions continues to expect positive operating leverage for full-year 2026 in the range of 100 to 150 basis points, excluding the Visa gain.

Credit quality remained strong. Net charge-offs were six basis points of average loans on an annualized basis, and the nonperforming assets ratio was unchanged sequentially at 48 basis points. Classified and criticized balances both declined modestly. The allowance for credit losses ended the quarter at 1.13% of loans, with 227% coverage of nonaccrual loans.

Chief Credit Officer Derek Steward said the allowance is “very well reserved” and will depend on the economic outlook. He said if the economy improves, the company may have room to lower reserves, while deterioration would lead to an increase.

Zions’ commercial real estate portfolio totaled $14.1 billion, or about 22% of total loans. Richards said the portfolio remains granular and diversified by property type and geography, with conservative loan-to-value characteristics and favorable credit metrics.

The company’s common equity Tier 1 ratio rose to 11.8%, supported by earnings and the quarter’s exceptional gains, partially offset by $75 million in common share repurchases, dividends and growth in risk-weighted assets. Simmons said the current buyback pace is “certainly sustainable” and that he would expect some increase over the coming year if the economy and company forecasts continue to cooperate.

Asked about bank mergers and acquisitions, Simmons said Zions is not focused on deals but would consider opportunities that are strategically additive, likely in existing markets and with attractive deposit bases. He emphasized that the company’s primary focus remains organic growth.

About Zions Bancorporation, N.A. (NASDAQ:ZION)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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, /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.

SOURCE Zions Bancorporation

Wall Street expects a year-over-year decline in earnings on higher revenues when Zions (ZION - Free Report) reports results for the quarter ended June 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 20. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis financial holding company is expected to post quarterly earnings of $1.57 per share in its upcoming report, which represents a year-over-year change of -0.6%.

Revenues are expected to be $879.16 million, up 3.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.83% 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 +0.53%.

On the other hand, the stock currently carries a Zacks Rank of #2.

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 $1.43 per share when it actually produced earnings of $1.56, delivering a surprise of +9.09%.

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.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Zions (ZION - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Zions currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for ZION that show why this financial holding company shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For ZION, shares are up 0.3% over the past week while the Zacks Banks - West industry is up 0.53% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.04% compares favorably with the industry's 4.58% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Zions have increased 14.59% over the past quarter, and have gained 27.25% in the last year. In comparison, the S&P 500 has only moved 13.69% and 21.71%, respectively.

Investors should also pay attention to ZION's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ZION is currently averaging 1,639,344 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with ZION.

Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost ZION's consensus estimate, increasing from $6.41 to $6.49 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that ZION is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Zions on your short list.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Zions (ZION - Free Report) Zions Bancorporation, National Association, founded in 1873 and headquartered in Salt Lake City, UT, is a diversified financial services firm with a network of more than 400 branches. The company operates across 11 western states: Utah, California, Idaho, Arizona, Nevada, Colorado, Texas, New Mexico, Washington, Oregon and Wyoming.

ZION is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Finance stock. ZION has a Momentum Style Score of A, and shares are up 11.4% over the past four weeks.

Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.06 to $6.44 per share. ZION boasts an average earnings surprise of +17.6%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ZION should be on investors' short list.

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.

Zions (ZION - Free Report) is headquartered in Salt Lake City, and is in the Finance sector. The stock has seen a price change of 14.66% since the start of the year. The financial holding company is paying out a dividend of $0.45 per share at the moment, with a dividend yield of 2.68% compared to the Banks - West industry's yield of 2.57% and the S&P 500's yield of 1.44%.

Looking at dividend growth, the company's current annualized dividend of $1.80 is up 2.3% from last year. Over the last 5 years, Zions has increased its dividend 3 times on a year-over-year basis for an average annual increase of 5.20%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Zions's current payout ratio is 28%, meaning it paid out 28% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, ZION expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $6.44 per share, with earnings expected to increase 5.23% from the year ago period.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ZION is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

Zions Bancorporation (NASDAQ:ZION) reported mixed results for the first quarter on Monday.

The company posted quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.42 per share. The company reported quarterly sales of $849.000 million which missed the analyst consensus estimate of $854.612 million.

Zions Bancorp shares closed at $63.05 on Monday.

These analysts made changes to their price targets on Zions Bancorp following earnings announcement.

Baird analyst David George maintained Zions Bancorp with an Outperform rating and raised the price target from $65 to $68. Truist Securities analyst Jennifer Demba maintained the stock with a Hold and raised the price target from $64 to $66. Considering buying ZION stock? Here’s what analysts think:

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