Zions Bancorporation, National Association Reports Third Quarter Financial Results

Net loan charge-offs fell to $3 million from $56 million a year earlier, while customer deposits grew from second-quarter levels.

Rhea-AI Summary

Zions Bancorporation (NASDAQ: ZION) reported third-quarter 2026 net earnings applicable to common shareholders of $262 million, higher year over year. Diluted earnings per share were $1.78, versus $1.48 a year earlier and $3.05 in the second quarter of 2026. Net earnings compared with $221 million and $452 million, respectively.

Net loan charge-offs fell to $3 million from $56 million a year earlier. Customer deposits grew nearly 10% annualized from the second quarter, while loans were flat. Zions attributed flat loan growth to faster loan payoffs and competition. The bank completed its acquisition of Basis Multifamily Finance I, a subsidiary of Basis Investment Group, at the end of July.

Zions expects its moderately asset-sensitive balance sheet to support stronger net interest income in a higher-rate environment, and expects improvement in noninterest income to continue into next year.

7 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointCommon shareholder earnings of $262 million exceeded $221 million a year earlier but fell from $452 million sequentially.
• Moderate pointNet loan charge-offs fell to $3 million from $56 million in third-quarter 2025.
• Moderate pointCustomer deposits grew nearly 10% annualized from second-quarter levels.
• Moderate pointBasis Multifamily Finance I acquisition completed at the end of July, adding a multifamily finance platform.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Net interest income is expected by Zions to strengthen in a higher-rate environment.

2 minor points

• Minor pointDiluted EPS of $1.78 rose 20% year over year but declined from $3.05 in second-quarter 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Noninterest income improvement is expected by Zions to continue into next year.

Negative

• None.

Key Figures

Net earnings: $262 million Diluted EPS: $1.78 per share EPS growth: 20% +3 more

Net earnings

$262 million

Third quarter 2026; applicable to common shareholders

Diluted EPS

$1.78 per share

Third quarter 2026

EPS growth

20%

Third quarter 2026 compared with third quarter 2025

Net loan charge-offs

$3 million

Third quarter 2026; down from $56 million a year earlier

Loan growth

Flat

Compared with second quarter 2026

Customer deposit growth

Nearly 10% annualized

From second quarter 2026 levels

Previous Earnings Reports

2 past events · Latest: Jul 20

Same Type 2 events

1. Jul 20

   2Q26 earnings

   24h Move

   -4.0%

   Reported $452 million net earnings and $3.05 diluted EPS; shares fell 3.95%.

2. Oct 20

   3Q25 earnings

   24h Move

   +1.4%

   Reported $221 million net earnings and $1.48 diluted EPS; shares rose 1.39%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net loan charge-offs, asset-sensitive balance sheet, net interest income, noninterest income

4 terms

net loan charge-offs financial

"net loan charge-offs were $3 million, down from $56 million a year ago."

The amount banks and lenders remove from their balance sheets when loans are deemed uncollectible, after subtracting any later recoveries from previously written-off loans. It measures the net loss from borrowers who fail to repay their debts during a reporting period. Investors use it to judge a lender’s credit quality and potential future profits; rising net charge-offs are like a store repeatedly finding unpaid tabs it can’t collect, shrinking earnings and capital cushions.

asset-sensitive balance sheet financial

"our moderately asset-sensitive balance sheet should produce stronger net interest income"

A balance sheet is asset-sensitive when the interest-earning assets reprice or reset to current market rates faster or in larger amounts than the interest-bearing liabilities. That mismatch means changes in market interest rates tend to change a firm’s net interest income in the same direction as rates — rising rates typically boost income and falling rates typically reduce it — and it identifies a specific kind of interest-rate risk exposure rather than a measure of overall financial strength.

net interest income financial

"should produce stronger net interest income in a higher rate environment"

Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.

noninterest income financial

"continued improvement in noninterest income that we expect will continue into next year."

Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SALT LAKE CITY, Oct. 19, 2026 /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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zions-bancorporation-national-association-reports-third-quarter-financial-results-302912931.html

SOURCE Zions Bancorporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Zions Bancorporation's third-quarter 2026 earnings?

Zions reported $262 million in net earnings applicable to common shareholders, or $1.78 per diluted common share. That compares with $221 million, or $1.48 per diluted common share, in third-quarter 2025 and $452 million, or $3.05 per diluted common share, in second-quarter 2026.