Zions Bancorp delivered a solid Q1 with 37% year-over-year earnings growth driven by revenue expansion and credit quality improvements, despite a modest sequential decline. Strategic investments in fee-generating segments and asset growth underpin their positive outlook.

• Net earnings rose 37% y-o-y to $232 million, benefiting from lower credit losses and tax rate efficiencies.
• Net interest margin remained healthy at 3.27%, with slight quarter-over-quarter pressure from lower yields and deposit mix.
• Commercial loan growth led a 2.4% increase in average loans, with end-of-period deposits expanding 1.8% from year-end.
• Adjusted fee income grew 10% y-o-y to $174 million, supported by capital markets and wealth management momentum.
• Outlook remains positive with expected net interest income growth of 7–8% for 2027, reflecting cautious optimism amid rate uncertainty.