ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION) Form 8-K — Oct 19, 2026
Zions Bancorporation reported third quarter 2026 diluted EPS of $1.78, up 20% from $1.48 a year ago, with net earnings to common of $262 million. The improvement was driven primarily by credit quality: net charge-offs fell to just 0.02% of loans annualized versus 0.37% a year ago, and the quarter included an $8 million provision benefit. Deposit growth was a highlight, with customer deposits up nearly 10% annualized from Q2 and total deposits reaching $77.9 billion, up 4% year-over-year.
Key figures
- Eps
- 1.78
- Nim
- 3.23% (vs 3.28% a year ago)
- Eps Yoy
- $0.30 (20%) increase from $1.48 in 3Q25
- Revenue
- 893000000
- Guidance
- 3Q27E vs 3Q26A: loans +2-4%, NII +8-12%, adjusted customer-related noninterest income +6-9%, adjusted noninterest expense +4-6% with positive operating leverage expected
- Cet1 Ratio
- 11.8% (vs 11.3% a year ago)
- Net Income
- 262000000
- Total Assets
- 90920000000
- Total Deposits
- 77948000000
- Loans And Leases
- $62.5 billion, up 4%
- Classified Loans
- $2.1 billion, 3.40% of loans (vs $2.4 billion, 4.00%)
- Efficiency Ratio
- 61.9% (vs 59.6% 3Q25)
- Share Repurchases
- $75 million (1.1 million shares) in 3Q26
- Net Charge Off Ratio
- 0.02% annualized (vs 0.37% 3Q25)
- Net Interest Income
- 684000000
- Common Dividend Per Share
- 0.48
- Provision For Credit Losses
- -$8 million (benefit) vs $49 million expense 3Q25
- Tangible Book Value Per Share
- $43.50, up 13% YoY
AI analysis
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