Zions Bancorporation Stock Earnings Reports

Zions Bancorporation reported solid Q1 2026 results with net earnings of $232 million ($1.56 diluted EPS), a 37% year-over-year increase driven by revenue growth, lower provision for credit losses and a lower effective tax rate. Key revenue drivers included growth in capital markets fees, residential mortgage loan sales and retail/business banking fees. Taxable-equivalent net interest income was $662 million; NIM was 3.27% (down 4 bps QoQ, up 17 bps YoY). Average loans grew modestly (2.4% annualized) led by commercial lending; period-end customer deposits increased $1.3 billion from year-end. Credit remained strong (net charge-offs ~3 bps annualized, NPA ratio 48 bps) and the allowance for credit losses was 1.16% (239% coverage of nonaccruals). Capital is healthy: CET1 was 11.5% (flat QoQ) after $77 million of buybacks and dividends; tangible book value per share rose 19% YoY. Management highlighted strategic investments: expansion of the Capital Markets platform, acquisition agreement with Basis Investment Group for Fannie/Freddie multifamily programs, rollout of a consumer “gold” account and a new small-business product (“beyond the business”), and continued SBA lending momentum. Outlook: management expects moderately increasing net interest income and fee income into 2027 (Ryan Richards estimated ~7%–8% NII growth in a no‑rate‑change scenario), moderately increasing noninterest expense (while targeting positive operating leverage for 2026), continued loan growth, and ongoing capital deployment opportunities (share repurchases remain possible subject to Board/regulator approval). They also noted potential regulatory tailwinds from the Basel III end‑game proposal (management estimates roughly 9%–10% RWA relief, ~93 bps CET1 benefit in initial scoping).