Zions Bancorporation, National Association Earnings Recaps
Q1 2026
Apr 21, 2026
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.
Key takeaways
- 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.
Q3 2025
Oct 21, 2025
Zions Bancorp reported solid third-quarter performance, driven by an expanding net interest margin and strong growth in average customer deposits, despite elevated credit provisions impacting earnings.
Key takeaways
- Net interest margin improved by 11 basis points to 3.28%, marking the seventh consecutive quarter of expansion.
- Third-quarter diluted earnings per share was $1.48, down from $1.63 sequentially, primarily due to a $49 million provision for credit loss.
- Adjusted noninterest income rose 6% quarter-over-quarter, driven by strong capital markets activity and increased customer engagement.
- Average loans and deposits grew at an annualized rate of 2.1% and 3.1%, respectively, indicating positive trends in loan origination and deposit retention.