How will the Visa share sale affect Zions Bancorporation’s (ZION) earnings?

The sale will add a one-time pre-tax gain of approximately $215 million to Zions Bancorporation, N.A.’s earnings. This gain will be recognized in the second quarter of 2026, temporarily boosting reported profitability without changing the bank’s underlying core operating trends.

Zions Bancorporation books $215 million Visa share gain

Q: How much did Zions Bancorporation (ZION) receive from selling its Visa shares?

The bank received aggregate proceeds of $215 million from selling 460,153 Class B-1 Visa shares. Zions Bancorporation, N.A. states this amount also approximates the pre-tax gain that will be reflected in its financial results for the second quarter of 2026.

Zions Bancorporation, N.A. reported that it sold 460,153 Class B-1 shares of Visa Inc. on May 4, 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Zions Bancorporation, N.A. reported that it sold 460,153 Class B-1 shares of Visa Inc. on May 4, 2026. The sale generated aggregate proceeds of $215 million, producing a pre-tax gain of approximately the same amount. This gain will be recognized in the bank’s results for the second quarter of 2026, adding a sizable one-time boost to earnings for that period.

Insights

One-time $215 million gain boosts Zions’ Q2 2026 earnings.

Zions Bancorporation, N.A. sold 460,153 Class B-1 shares of Visa Inc. for aggregate proceeds of $215 million. The company states this results in a pre-tax gain of approximately the same amount in the second quarter of 2026, tied to a legacy position from Visa’s 2007 restructuring.

This event is a non-recurring gain rather than ongoing operating income. It will temporarily lift reported second-quarter profitability, but it does not reflect changes in the underlying banking franchise. Future quarters will not benefit from this Visa-related gain once recognized.

Subsequent quarterly and annual reports for 2026 will show how this pre-tax gain flows through net income and capital metrics. Comparing results with and without this item will help separate core banking performance from this one-off transaction.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Visa Class B-1 shares sold: 460,153 shares Aggregate sale proceeds: $215 million Pre-tax gain: Approximately $215 million +1 more

4 metrics

Visa Class B-1 shares sold 460,153 shares Legacy Visa position sold on May 4, 2026

Aggregate sale proceeds $215 million Proceeds from Visa share sale on May 4, 2026

Pre-tax gain Approximately $215 million Recognized in second quarter of 2026

Form type 8-K Item 8.01 Other Events disclosure

Key Terms

Item 8.01 Other Events, pre-tax gain, Inline XBRL

3 terms

Item 8.01 Other Events regulatory

"Item 8.01 Other Events. In 2007, Zions Bancorporation, N.A."

pre-tax gain financial

"for aggregate proceeds of $215 million, resulting in a pre-tax gain"

Pre-tax gain is the amount a company earns from its operations and investments before any income taxes are taken out. Think of it as the paycheck before taxes are withheld; it reveals the business’s raw profitability, helps investors compare performance across companies regardless of different tax situations, and signals how much of that profit might ultimately flow to shareholders after taxes and one-time items are accounted for.

Inline XBRL technical

"Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document."

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

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

What did Zions Bancorporation (ZION) announce regarding its Visa shares?

Zions Bancorporation, N.A. disclosed it sold 460,153 Class B-1 shares of Visa Inc. The transaction produced aggregate proceeds of $215 million, generating a pre-tax gain of roughly the same amount that will be recognized in the bank’s second-quarter 2026 results.

How much did Zions Bancorporation (ZION) receive from selling its Visa shares?

The bank received aggregate proceeds of $215 million from selling 460,153 Class B-1 Visa shares. Zions Bancorporation, N.A. states this amount also approximates the pre-tax gain that will be reflected in its financial results for the second quarter of 2026.

When did Zions Bancorporation (ZION) sell its Visa Class B-1 shares?

Zions Bancorporation, N.A. sold its 460,153 Class B-1 shares of Visa Inc. on May 4, 2026. The bank indicates that the resulting pre-tax gain of about $215 million will be recorded in its financial statements for the second quarter of 2026.

What is the origin of Zions Bancorporation’s (ZION) Visa Class B-1 shares?

Zions Bancorporation, N.A. received the 460,153 Visa Class B-1 shares in 2007 as part of a restructuring and public offering by Visa U.S.A. The 2026 sale monetizes this long-held position, converting it into a substantial pre-tax gain recognized in second-quarter 2026 results.

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

Understanding 8-K Material Events →

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

Add on Google

Accepted by SEC EDGAR 05/04/2026 - 05:02 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) May 4, 2026

ZIONS BANCORPORATION, NATIONAL ASSOCIATION

(Exact name of registrant as specified in its charter)

United States of America

001-12307

87-0189025

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(IRS Employer Identification No.)

One South Main,

Salt Lake City,

Utah

84133-1109

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code (801) 844-7637



Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbols	Name of Each Exchange on Which Registered
Common Stock, par value $0.001	ZION	The NASDAQ Stock Market, LLC
Depositary Shares each representing a 1/40th ownership interest in a share of:
Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock	ZIONP	The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

In 2007, Zions Bancorporation, N.A. (the “Bank”) received 460,153 Class B-1 shares of Visa Inc. (the “Shares”) in connection with a restructuring and public offering by Visa U.S.A. On May 4, 2026, the Bank sold the Shares for aggregate proceeds of $215 million, resulting in a pre-tax gain of approximately the same amount in the second quarter of 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished as part of this Current Report on Form 8-K:


Exhibit Number			Description
101			Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104			The cover page from this Current Report on form 8-K, formatted as Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	ZIONS BANCORPORATION, NATIONAL ASSOCIATION

	By:	/s/ Rena Miller
		Name: Rena Miller
		Title: Executive Vice President and Corporate General Counsel
Date: May 4, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Zions Bancorporation books $215 million Visa share gain

Rhea-AI Filing Summary

Positive

Negative