Zions Bancorporation, National Association (ZION) reported third-quarter 2026 net earnings applicable to common shareholders of $262 million and diluted EPS of $1.78, versus $221 million and $1.48 a year earlier. Net interest income was $684 million, up 2%, while net interest margin was 3.23%, compared with 3.28%. Customer-related noninterest income rose 18% to $192 million; noninterest expense increased 5% to $553 million, and adjusted pre-provision net revenue (PPNR) declined 4% to $338 million.
Net loan and lease charge-offs were $3 million versus $56 million a year earlier. Classified loans were $2.1 billion, or 3.40% of loans and leases, versus $2.4 billion, or 4.00%. Total deposits were $77.9 billion, up 4%, and loans and leases were $62.5 billion, up 4%. Zions completed its acquisition of the Basis Multifamily Finance agency lending platform in July 2026.
Net earnings were $452 million in the prior quarter, which included pre-tax gains of $215 million from Visa share sales and $37 million from SBIC portfolio valuation adjustments. Management said it expects its moderately asset-sensitive balance sheet to produce stronger net interest income in a higher-rate environment and expects continued improvement in noninterest income into next year.
Zions Bancorporation, National Association (ZION) director Vivian S. Lee acquired 398.757 deferred compensation phantom stock units on September 30, 2026. The transaction lists a price of $62.65 per share, and her directly held balance after the transaction was 30,363.67 units. The phantom stock units are settled in cash upon the earlier of death or retirement.
Zions Bancorporation, National Association (ZION) director Claire A. Huang acquired 438.63 deferred compensation phantom stock units as a compensation-related award on September 30, 2026. The reported price was $62.65 per share, and her reported position following the award was 36,081.633 phantom stock units.
Zions Bancorporation, National Association director Stephen D. Quinn acquired 773.58 deferred-compensation phantom stock units in a grant or award reported on September 30, 2026, at $62.65 per share. His reported position afterward was 131,546.477 units. The units are settled in cash upon the earlier of death or retirement.
Aaron Skonnard, a director of Zions Bancorporation, National Association (ZION), acquired 538.314 deferred-compensation phantom stock units on September 30, 2026. The reported price was $62.65 per unit, and his reported balance afterward was 40,989.69 units. The units are settled in cash upon the earlier of death or retirement.
Zions Bancorporation, National Association (ZION) reported the initial equity holdings of its General Counsel, Samuel R. Torgesen, in a Form 3. He holds 2,139 shares of common stock directly and 6,066.592 shares through a 401(k) plan, plus several employee stock options granted under the 2015 Omnibus Incentive Plan that vest 33% per year over three years.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION) reported the initial equity holdings of Brian A. Stringham, who serves as Controller. He reports direct ownership of 1,402 shares of common stock and an additional 5,768.763 shares held indirectly through a 401(k) plan.
Stringham also holds stock options on common shares granted under the Zions Bancorporation 2015 Omnibus Incentive Plan, vesting 33% per year for three years. These options cover 165, 218, 286, and 305 underlying shares at exercise prices between $45.65 and $73.22, with expirations from February 9, 2027 through February 12, 2030.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION) is reported as having 10,893,105 shares of its common stock beneficially owned by Vanguard Portfolio Management and certain affiliates, representing 7.4% of the class as of March 31, 2026. Vanguard reports sole voting power over 37,527 shares and sole dispositive power over 10,893,105 shares.
The submission states it is being filed solely to correct the issuer CIK reported in a prior filing, and that no change in beneficial ownership is being reported.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION (symbol ZION) is reported as having 7,735,821 shares of its common stock beneficially owned by Vanguard Capital Management and certain affiliates, representing 5.25% of the class as of March 31, 2026. Vanguard has sole voting power over 1,137,534 shares and sole dispositive power over all 7,735,821 shares, with no shared voting or dispositive power. The filing states it is submitted solely to correct the issuer’s CIK number from a prior submission and that no change in beneficial ownership is being reported.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION) is the subject of an amended Schedule 13G/A filed by The Vanguard Group reporting that it beneficially owns 0 shares of the company’s common stock, representing 0% of the class, with no voting or dispositive power.
The Vanguard Group explains that, following an internal realignment on January 12, 2026, certain subsidiaries or business divisions now report beneficial ownership separately in reliance on SEC Release No. 34-39538. The amendment is filed solely to correct the issuer CIK in a prior amendment and states that no change in beneficial ownership is being reported.