ZION

Zions Bancorporation trades at $65.89 and has moved in lockstep with the market. Its shares have returned 13.3% over the last six months while the S&P 500 has gained 11.8%. Is there a buying opportunity in Zions Bancorporation, or does it present a risk to your portfolio? Get the full breakdown from our expert analysts, it’s free. We’re cautious about Zions Bancorporation. Here are three reasons you should be careful with ZION, plus one stock we’d rather own. Markets consistently prioritize net interest income over non-recurring fees, recognizing its superior quality compared to the more unpredictable revenue streams. Zions Bancorporation’s net interest income has grown at a 4.1% annualized rate over the last five years, much worse than the broader banking industry and in line with its total revenue. Its growth was driven by an increase in its net interest margin, which represents how much a bank earns in relation to its outstanding loans, as its loan book shrank throughout that period. We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable. Zions Bancorporation’s flat EPS over the last five years was below its 4.4% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded. We consider tangible book value per share (TBVPS) the most important metric to track for banks. TBVPS represents the real, liquid net worth per share of a bank, excluding intangible assets that have debatable value upon liquidation. Although Zions Bancorporation’s TBVPS increased by a meager 2% annually over the last five years, the good news is that its growth has recently accelerated as TBVPS grew at an incredible 20.8% annual clip over the past two years (from $30.67 to $44.74 per share). Zions Bancorporation isn’t a terrible business, but it doesn’t pass our quality test. That said, the stock currently trades at 1.2× forward P/B (or $65.89 per share). This valuation is reasonable, but the company’s shakier fundamentals present too much downside risk. We’re fairly confident there are better investments elsewhere. We’d recommend looking at a top digital advertising platform riding the creator economy. ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Columbia Banking System, Inc. COLB topped second-quarter 2026 earnings expectations as net interest income (NII) and fee income advanced. Operating earnings of 76 cents per share beat the Zacks Consensus Estimate of 73 cents.The quarter was less convincing beneath the headline. Revenues missed expectations, expenses remained elevated, balances declined and non-performing assets increased, leaving credit and efficiency trends central to the outlook. Columbia Banking System, Inc. price-consensus-eps-surprise-chart | Columbia Banking System, Inc. Quote Total revenues increased 32.5% year over year to $677 million, supported by the larger balance sheet following the Pacific Premier acquisition. Net interest income rose 32.1% to $589 million.Still, revenues fell short of the Zacks Consensus Estimate of $688.4 million. That miss limits the strength of the earnings beat because the upside came with less top-line support than analysts expected. COLB’s NII was $589 million, up 32.1% from the second quarter of 2025. The increase reflected the larger balance sheet following the Pacific Premier acquisition. The net interest margin (NIM) expanded 18 basis points year over year to 3.93%. The cost of interest-bearing deposits declined 56 basis points to 1.96%, while the cost of total deposits fell to 1.32% from 1.73%.Management expects the margin to reach or exceed 4% in the third quarter. Continued loan repricing, a shift toward higher-return relationship lending and reductions in higher-cost funding are expected to support that improvement.East West Bancorp EWBC is a key peer with a Zacks Rank #3 at present. In the second quarter of 2026, its NIM expanded eight basis points (bps) to 3.43%.  Supported by robust loan demand, lower deposit beta and stabilizing funding costs alongside balance sheet hedging, EWBC’s NIM growth is expected to continue in the near term.Zions Bancorporation ZION is another close peer with a Zacks Rank #3. ZION has been witnessing a rise in NIM for the last several quarters as funding costs declined. In the second quarter 2026, NIM expanded 10 basis points (bps) year over year to 3.27% In the near-term, the company’s NIM is likely to be positively impacted, driven by stabilizing deposit costs and asset yield repricing. Non-interest income increased 35.4% year over year to $88 million. Service charges on deposits rose 15%, card-based fees gained 21% and financial services and trust revenues climbed to $15 million from $6 million. Pacific Premier added custodial trust, homeowners’ association banking, escrow and 1031 exchange capabilities. Those platforms and broader cross-selling could help support earnings while total loans contract through the planned runoff of transactional credits. Non-interest expenses rose 34.9% year over year to $375 million. Salaries and employee benefits increased 26.5%, occupancy and equipment costs climbed 38.3% and intangible amortization advanced 46.2%. Management expects third-quarter non-interest expenses, excluding core deposit intangible amortization, of $330-$335 million. Banner Corporation (BANR), another western regional bank, also operates a relationship-focused franchise, making expense discipline and funding quality important competitive benchmarks across the region. The provision for credit losses declined 10% year over year to $27 million, while net charge-offs improved to 0.25% of average loans and leases from 0.31%. Those figures point to manageable current loss absorption.The risk is in problem-asset migration. Non-performing assets jumped 51.7% year over year to $273 million, while FinPac charge-offs were $15 million. Commercial real estate migration and changes in economic forecasts could keep credit costs uneven. The earnings beat shows that lower funding costs and broader fee income can offset some pressure from balance-sheet contraction. Rising non-performing assets and a larger expense base, however, leave little room for execution setbacks.Columbia Banking currently carries a Zacks Rank #5 (Strong Sell), signaling unfavorable near-term earnings estimate revisions. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Over the past six months, COLB shares have gained 3.5%, only modestly outperforming the industry's 2.5% rise. The limited relative outperformance indicates that the earnings beat has not been sufficient to meaningfully improve investor sentiment, as concerns over credit quality and expense pressures continue to weigh on the stock's outlook. Price Performance Image Source: Zacks Investment Research Its Value Score of C is neutral, while the Growth Score of D, Momentum Score of D and VGM Score of D indicate weaker growth, price-trend and combined style characteristics.  These ratings temper the benefit of improving revenue drivers and keep expense control and credit quality in focus. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report East West Bancorp, Inc. (EWBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Zions Bancorporation National Association has more than doubled shareholders' money over the past three years, yet its current checks still flag the stock as leaning cheap rather than fully priced in. With the share price around US$69.70 and recent gains in the rearview mirror, the key question is how much of the good news is already reflected in the valuation. The stock has returned about 105% over the past three years, which puts recent short term ups and downs into the context of a strong multi year run that investors need to judge against today's pricing. Solid profitability and ongoing capital returns through dividends and approved share repurchases can support the case for further value, although any shift in credit quality or funding costs may weigh on how the market prices the bank's earnings power. The company screens as undervalued on most of Simply Wall St's checks, with 5 out of 6 tests pointing to a share price that leans cheap rather than expensive. The stock's next move may depend on whether Zions Bancorporation National Association's improving fundamentals and capital return plans can continue to justify a valuation that still looks attractive after a strong three year run. Zions Bancorporation National Association delivered 38.2% returns over the last year. See how this stacks up to the rest of the Banks industry. The P/E ratio is a useful way to judge how the market is pricing Zions Bancorporation National Association's earnings power today. The stock trades on a P/E of about 8.8x, which sits below both the US banks industry average of roughly 11.9x and the peer group average of about 13.6x. That means you are paying less for each dollar of current earnings than investors are paying across much of the sector. Simply Wall St's fair P/E estimate for Zions Bancorporation National Association is about 10.5x, based on factors such as forecast earnings profile, industry context and risk. Compared with that yardstick, the current 8.8x leaves a gap that suggests the valuation has not fully caught up with the company specific outlook. Despite the recent Q2 2026 results that beat revenue and earnings expectations, the stock still trades at a discount to both the fair P/E and many banking peers. On the P/E multiple, Zions Bancorporation National Association stock currently appears undervalued. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Zions Bancorporation National Association pick up where the valuation puzzle leaves off and spell out which combinations of future growth, margins and earnings would need to play out for the stock to be worth materially more or less than today's price on the Community page. Each one ties its number to a specific view on how Zions Bancorporation National Association's growth profile, profitability and key risks might evolve, which readers can revisit as new information becomes available. You can add your voice to the Simply Wall St community by sharing a Narrative on Zions Bancorporation National Association that sets out your numbers based view on whether the recent board approval of share repurchases and declared dividends delivers on the current valuation. Put a clear thesis on the stock today and see how it holds up as new results and capital return decisions are announced. Do you think there's more to the story for Zions Bancorporation National Association? Head over to our Community to see what others are saying! Zions Bancorporation National Association still screens as undervalued on market multiples, even after a solid three year return. That gap only matters if the bank can keep translating its business mix into reliable earnings that support dividends and buybacks without a material hit to credit quality or funding costs. For many investors, the real question now is whether the current discount reflects lingering caution on those risks or an opportunity if the earnings profile proves resilient. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ZION. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was significantly bolstered by a $215 million pretax gain from Visa Class B-1 share liquidation and a $37 million net gain from an SBIC investment. The Capital Markets division has become a durable fee income driver, with growth now expanding beyond traditional swaps and FX into real estate capital markets and advisory services. Management is pivoting toward granular deposit growth through new product launches like the 'Business Beyond Account' to reduce reliance on higher-cost wholesale funding. Loan growth of 4.7% annualized was primarily driven by commercial and industrial (C&I) lending, specifically through increased line utilization and middle-market originations. The bank maintains a disciplined credit posture, characterized by a low 6 basis point net charge-off rate and a conservative commercial real estate portfolio that is well-diversified by geography. Operational efficiency remains a priority, with management targeting 100 to 150 basis points of positive operating leverage for the full year 2026. Net interest income (NII) guidance for Q2 2027 assumes a 'moderately increasing' trajectory, which includes the impact of one anticipated interest rate hike. If the forward curve realizes additional rate increases, management expects NII growth could reach the upper single digits due to the bank's asset-sensitive positioning. The pending acquisition of Basis Investment Group's multifamily lending business is expected to close in Q3 2026, though its financial contributions are excluded from current forecasts. Management anticipates a gradual increase in capital repatriation through common share repurchases and dividends as AOCI continues to improve and capital levels remain above peer medians. The securities portfolio is expected to continue shrinking for another one to two quarters before the bank resumes full reinvestment of cash flows. The bank is experiencing spread compression on the lending side due to a competitive environment, partially offsetting the benefits of fixed-asset repricing. Noninterest expenses were impacted by $4 million in increased loan-related legal costs, specifically tied to ongoing legal issues with the Cantor Fund. Deposit mix continues to shift toward interest-bearing accounts, with noninterest-bearing balances facing seasonal pressure and competitive outflows. Technology costs remain elevated due to vendor price increases and software maintenance, though management views AI as a potential long-term lever to reduce outsourcing expenses. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that 'moderately increasing' NII includes one rate hike; two or more hikes would likely push growth into the upper single digits. The bank remains asset-sensitive, with internal models suggesting a 3.2% lift in NII above latent sensitivity if forward rate increases materialize. Zions holds approximately $6.5 billion to $7 billion in off-balance sheet deposits that it aims to bring back on-balance sheet when accretive to overnight borrowing rates. Current targeted deposit campaigns are bringing in funds at rates 30 to 40 basis points more favorable than net overnight borrowings. CEO Harris Simmons stated that while the bank is not actively hunting for deals, it remains open to opportunistic, in-market acquisitions that are strategically additive. The focus remains on organic growth and strengthening the bank's technological foundation rather than large-scale M&A. Management defended their disciplined CRE growth, noting their growth rates are significantly lower than the peer median to avoid over-concentration. The construction mix within the CRE book has declined to 16% as projects roll into term loans or are replaced by new term originations.

Zions Bancorporation’s ZION second-quarter 2026 adjusted earnings of $1.74 per share surpassed the Zacks Consensus Estimate of $1.57. Moreover, the bottom line increased 10.1% from the year-ago quarter.Results were primarily aided by higher net interest income (NII) and growth in non-interest income. Higher sequential loan balance was another positive. However, a rise in non-interest expenses hurt the results to some extent. In the reported quarter, the company recorded a provision expense as against a benefit in the year-ago quarter. Probably because of these negatives, shares of the company lost 2.8% in the after-market hours despite better-than-expected overall performance.The reported quarter’s results excluded net equity investment gains of $215 million on Visa Class B-1 shares and $37 million on SBIC investments. After considering these, net income attributable to common shareholders (GAAP) was $452 million, up 86% year over year. We had projected the metric to be $396 million. Net revenues (taxable-equivalent) were $1.15 billion, up 35% year over year. Adjusted tax-equivalent net revenues were $878 million. The Zacks Consensus Estimate for second-quarter revenues was $879.2 million.NII was $677 million, up 4.5% from the prior-year quarter. The increase was mainly driven by lower funding costs and an improved mix of average interest-earning assets, reflecting growth in higher-yielding loans and a decline in lower-yielding investment securities. The net interest margin (NIM) expanded 10 basis points (bps) year over year to 3.27%. Our estimates for NII and NIM were $671 million and 3.29%, respectively.Non-interest income was $460 million, up significantly from $190 million in the year-ago quarter. The rise was driven by an increase in almost all fee income components, except for dividends and other income. In the reported quarter, the company recorded net securities gains of $269 million, up significantly from $14 million in the prior-year quarter. Adjusted non-interest income was $190 million in the reported quarter. We had projected non-interest income of $186.7 million.Adjusted non-interest expenses were $546 million, up 4.8% year over year. Our estimate for the metric was $551 million.The adjusted efficiency ratio was 62.2%, unchanged from the prior-year quarter. As of June 30, 2026, net loans and leases held for investment were $61.8 billion, up 1.9% from the previous quarter. Total deposits were $76.6 billion, down marginally from the prior quarter. Our estimates for net loans and leases held for investment and total deposits were $62.1 billion and $76.3 billion, respectively. The ratio of non-performing assets to loans and leases and other real estate owned declined to 0.48% from 0.51% in the year-ago quarter. Net loan and lease charge-offs were $9 million, down from $10 million in the prior-year quarter.However, in the reported quarter, the company recorded a provision for credit losses of $3 million against a $1-million provision benefit in the prior-year quarter. We had projected provisions of $16 million. As of June 30, 2026, the common equity tier 1 (CET1) capital ratio was 11.8%, up from 11% in the prior-year quarter. The Tier 1 risk-based capital ratio was 11.9% compared with 11.1% a year ago, while the Tier 1 leverage ratio improved to 9.4% from 8.5% at the end of the year-ago quarter.Return on average assets was 2.01%, up from 1.09% in the year-ago quarter. Return on average tangible common equity was 28.6%, up from 18.7% in the prior-year quarter. During the quarter, the company repurchased 1.2 million shares for $75 million. Zions’ modest loan growth, improving NII, solid fee income growth and strengthening deposit base are encouraging. However, elevated expenses and significant exposure to commercial loans remain key concerns. Zions Bancorporation, N.A. price-consensus-eps-surprise-chart | Zions Bancorporation, N.A. Quote Currently, Zions carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Commerce Bancshares Inc.’s CBSH second-quarter 2026 earnings of $1.10 per share surpassed the Zacks Consensus Estimate of $1.04. The bottom line reflected a rise of 1% from the prior-year quarter.CBSH’s results primarily benefited from higher NII and a rise in non-interest income. The sequential rise in loan balances acted as a tailwind. However, higher expenses and provisions hurt CBSH’s results to some extent.F.N.B. Corporation FNB reported second-quarter 2026 earnings of 42 cents per share, which matched the Zacks Consensus Estimate. The bottom line jumped 16.7% year over year.FNB’s results primarily benefited from higher NII, a rise in non-interest income and lower provisions. Higher average loans and deposits were other positives. However, higher non-interest expenses hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report Commerce Bancshares, Inc. (CBSH) : Free Stock Analysis Report F.N.B. Corporation (FNB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Zions (ZION) reported $879 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 3.3%. EPS of $1.74 for the same period compares to $1.58 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $879.16 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +10.83%, with the consensus EPS estimate being $1.57. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Zions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 62.2% versus the five-analyst average estimate of 62.7%. Net interest margin: 3.3% versus 3.4% estimated by five analysts on average. Average balance - Total interest-earning assets: $84.35 billion versus the four-analyst average estimate of $82.99 billion. Net charge-offs to average loans and leases: 0.1% compared to the 0.1% average estimate based on four analysts. Total nonaccrual Loan: $292 million versus $306.75 million estimated by three analysts on average. Total nonperforming assets: $298 million compared to the $317.58 million average estimate based on three analysts. Tier 1 risk-based capital ratio: 11.9% versus the two-analyst average estimate of 11.8%. Total risk-based capital ratio: 14% compared to the 14% average estimate based on two analysts. Tier 1 leverage ratio: 9.4% versus the two-analyst average estimate of 9.3%. Total Noninterest Income: $460 million versus the five-analyst average estimate of $189.81 million. Commercial account fees: $49 million compared to the $49.14 million average estimate based on four analysts. Other customer-related fees: $16 million compared to the $15.03 million average estimate based on four analysts. View all Key Company Metrics for Zions here>>> Shares of Zions have returned +9.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. (We are reissuing this article to correct a mistake. The original article, issued on July 20, 2026, should no longer be relied upon.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Net Earnings: $452 million or $3.05 per share, including exceptional items. Adjusted Earnings Per Share: $1.74, up from $1.58 in the previous year. Net Interest Margin: Stable at 3.27%, up 10 basis points from a year ago. Average Loans Growth: 4.7% annualized, led by commercial lending. Average Customer Deposits Growth: 4.0% increase. Credit Losses: 6 basis points annualized of average loans. Adjusted Pre-Provision Net Revenue: $332 million, a 10% increase from the prior quarter. Net Interest Income: $677 million, up 2% from the prior quarter and 4% from the year-ago quarter. Customer-Related Non-Interest Income: $182 million, up from $172 million in the prior quarter. Adjusted Non-Interest Expense: $546 million, decreased due to seasonal compensation. Allowance for Credit Losses: 1.13%, with 227% coverage of non-accrual loans. Common Equity Tier 1 Ratio: Improved to 11.8% during the quarter. Warning! GuruFocus has detected 6 Warning Sign with ZION. Is ZION fairly valued? Test your thesis with our free DCF calculator. Release Date: July 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Zions Bancorp NA (NASDAQ:ZION) reported net earnings of $452 million or $3.05 per share, reflecting meaningful year-over-year improvement. The capital markets division continues to drive fee income growth, with investments in talent, technology, and product capabilities. The acquisition of Basis Investment Group's Fannie Mae and Freddie Mac multi-family lending business is expected to enhance service to commercial real-estate clients. The introduction of the Business Beyond Account for small businesses has been successful, with over 10,000 accounts opened this year. Credit quality remains strong, with net charge-offs at 6 basis points of average loans and a stable non-performing assets ratio. The competitive environment for deposit pricing remains challenging, with some targeted deposit campaigns approaching wholesale rates. Loan spreads are experiencing compression, impacting earning asset yields. Expenses have increased year over year due to higher professional and outsourced services, incentive compensation, and technology costs. The allowance for credit losses remains at 1.13%, indicating potential concerns about future economic conditions. The company's reliance on wholesale funding and short-term borrowings has increased, raising questions about future funding strategies. Q: Can you provide insights on deposit pricing and its impact on your outlook, considering the competitive environment? A: R. Ryan Richards, CFO, explained that the environment is competitive on both deposit and lending sides. Deposit costs were stable, but there is pressure from targeted deposit campaigns approaching wholesale rates. The company is focusing on strategic initiatives to drive deposit growth. On the lending side, there is some spread compression, but underlying factors like fixed-asset repricing provide some upside. Q: What is your outlook for net interest income (NII) growth, and does it include any Fed rate hikes? A: R. Ryan Richards, CFO, stated that the outlook for NII is moderately increasing, assuming one Fed rate hike. If there are more hikes, NII growth could exceed the current guidance, potentially reaching upper-single digits. Q: How are you managing the loan-to-deposit ratio, and what is your comfort level with it? A: R. Ryan Richards, CFO, mentioned that the loan-to-deposit ratio is currently at 82%, which is comfortable. The company has room to manage liquidity and funding sources without significant changes, as they are not fully reinvesting in investment securities yet. Q: Can you discuss the impact of credit-related expenses and any updates on legal issues? A: R. Ryan Richards, CFO, acknowledged that credit-related expenses rose due to increased loan-related legal costs, including issues with the Cantor fund. However, no further updates were provided on the continuation of these expenses. Q: What are your thoughts on capital markets revenue and its sustainability? A: Scott Mclean, President and COO, expressed confidence in the sustainability of capital markets revenue, highlighting investments in talent and technology. The company expects continued growth across various capital markets product groups, making the business more durable. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Zions (ZION) reported $879 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 3.3%. EPS of $1.74 for the same period compares to $1.58 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $879.16 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +10.83%, with the consensus EPS estimate being $1.57. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Zions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 62.2% versus the five-analyst average estimate of 62.7%. Net interest margin: 3.3% versus 3.4% estimated by five analysts on average. Average balance - Total interest-earning assets: $84.35 billion versus the four-analyst average estimate of $82.99 billion. Net charge-offs to average loans and leases: 0.1% compared to the 0.1% average estimate based on four analysts. Total nonaccrual Loan: $292 million versus $306.75 million estimated by three analysts on average. Total nonperforming assets: $298 million compared to the $317.58 million average estimate based on three analysts. Tier 1 risk-based capital ratio: 11.9% versus the two-analyst average estimate of 11.8%. Total risk-based capital ratio: 14% compared to the 14% average estimate based on two analysts. Tier 1 leverage ratio: 9.4% versus the two-analyst average estimate of 9.3%. Total Noninterest Income: $191 million versus the five-analyst average estimate of $189.81 million. Commercial account fees: $49 million compared to the $49.14 million average estimate based on four analysts. Other customer-related fees: $16 million compared to the $15.03 million average estimate based on four analysts. View all Key Company Metrics for Zions here>>> Shares of Zions have returned +9.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Zions (ZION) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.83%. A quarter ago, it was expected that this financial holding company would post earnings of $1.43 per share when it actually produced earnings of $1.56, delivering a surprise of +9.09%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Zions, which belongs to the Zacks Banks - West industry, posted revenues of $879 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.02%. This compares to year-ago revenues of $851 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Zions shares have added about 23.5% since the beginning of the year versus the S&P 500's gain of 8.9%. While Zions has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Zions was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.65 on $900.3 million in revenues for the coming quarter and $6.49 on $3.55 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Northrim BanCorp (NRIM), is yet to report results for the quarter ended June 2026. This holding company for Northrim Bank is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +19.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Northrim BanCorp's revenues are expected to be $53.1 million, up 5.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report Northrim BanCorp Inc (NRIM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

SALT LAKE CITY, July 20, 2026 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) ("Zions" or "the Bank") today reported net earnings applicable to common shareholders of $452 million, or $3.05 per diluted common share, for the second quarter of 2026. This compares with net earnings of $243 million, or $1.63 per diluted common share, in the second quarter of 2025, and $232 million, or $1.56 per diluted common share, in the first quarter of 2026. Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, "We're very pleased with the quarterly results, as earnings per share, excluding net equity investment gains, increased 10% to $1.74, compared to $1.58 in the same period a year ago. Net equity investment gains of $215 million on Visa Class B-1 shares and $37 million on SBIC investments added $1.12 and $0.19 per share, respectively, compared to net equity investment gains of $9 million, or $0.05 per share a year ago." Mr. Simmons continued, "We're particularly pleased with the organic growth in customer-related noninterest income, which increased 11% over last year's period, with particularly strong growth from capital markets activities, and solid growth in a variety of other categories. While loan growth compared to last year's quarter was modest at 3%, annualized linked-quarter growth was strong at 8%. Deposits grew 4% from last year and were seasonally lower compared to the first quarter." Mr. Simmons concluded, "We're also encouraged by strong growth in tangible book value per share, which increased 22% to $44.74 from $36.81, while our Common Equity Tier 1 capital ratio further strengthened to 11.8% from 11.0% a year ago. At the same time, we're proud of our ongoing solid credit results, with annualized net charge-offs of 0.06%." For the complete second quarter 2026 earnings release, including detailed financial schedules, please visit www.zionsbancorporation.com. Supplemental Presentation and Conference Call Zions has posted a supplemental presentation to its website in advance of its discussion of second quarter financial results, scheduled for 5:30 p.m. ET on July 20, 2026. Media representatives, analysts, investors, and the general public are invited to participate by calling (877) 709-8150 (domestic and international) and entering the meeting number 13761560, or by joining the on-demand webcast. A link to the webcast will be available on the Company's website at www.zionsbancorporation.com. Following the event, the webcast will be archived and accessible for 30 days. About Zions Bancorporation, N.A. Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $3.4 billion in 2025, and total assets of approximately $89 billion at December 31, 2025. The Bank operates principally through seven separately managed, geographically defined bank divisions, each operating under its own local brand and management, and serving customers primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Zions is a consistent recipient of national and state-level customer survey awards recognizing excellence in small- and middle-market banking. It is also a leader in public finance advisory services and Small Business Administration lending. Zions is included in both the S&P MidCap 400 and NASDAQ Financial 100 indices. Additional investor information, along with links to local banking brands, is available at www.zionsbancorporation.com. Forward-Looking Information The earnings release contains "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and assumptions regarding future events and outcomes. However, they are inherently subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performances, achievements, industry developments, or regulatory outcomes to differ materially from those expressed or implied. Forward-looking statements may include, among others: Statements concerning the beliefs, plans, objectives, goals, targets, commitments, designs, guidelines, expectations, anticipations, and future financial condition, operating results, and performance of Zions Bancorporation, National Association, and its subsidiaries (collectively "Zions Bancorporation, N.A.," "the Bank," "we," "our," "us"); and Statements preceded or followed by, or that include, terminology such as "may," "might," "can," "continue," "could," "should," "would," "believe," "anticipate," "estimate," "forecast," "expect," "intend," "target," "commit," "design," "plan," "project," "will," or similar words and expressions, including their negative forms. Forward-looking statements are not guarantees and should not be relied upon as representing management's views as of any subsequent date. Actual results and outcomes may differ materially from those expressed or implied. Factors that could cause such differences include, but are not limited to: The quality and composition of our loan and investment securities portfolios and the quality and composition of our deposits; Changes in general industry, political, and economic conditions, including increases in the national debt, elevated or persistent inflation, economic slowdowns or recessions, and other macroeconomic challenges; changes in interest rates or reference rates, which could negatively impact our revenues and expenses, the valuation and performance of our assets and liabilities, and the availability and cost of capital and liquidity; Political developments, including government shutdowns and other significant disruptions and changes in the funding, size, scope, and effectiveness of the government and its agencies and services; The effects of newly enacted and proposed regulations affecting us and the banking industry, as well as changes and uncertainties in the interpretation, enforcement, and applicability of laws and fiscal, monetary, regulatory, trade, and tax policies; Actions taken by governments, agencies, central banks, and similar organizations, including those that result in decreases in revenue, increases in regulatory bank fees, insurance assessments, and capital standards; and other regulatory requirements; Evolving trade policies and disputes, such as proposed and implemented tariffs and resulting market volatility and uncertainty, including the effects on supply chains, expenses, and revenues for both us and our customers; Judicial, regulatory, and administrative inquiries, investigations, examinations or proceedings and the outcomes thereof that create uncertainty for, or are adverse to, us or the banking industry; Changes in our credit ratings; The growing presence of credit unions, financial technology companies ("fintechs"), and other emerging competitors within the financial services industry, including in the markets in which we operate; Our ability to innovate and address competitive pressures and other factors that may affect aspects of our business, such as pricing, the relevance of and demand for our products and services, and our ability to recruit and retain talent; The potential for both positive and disruptive impacts of emerging technologies, including stablecoins and other digital currencies, tokenized deposits, blockchain, artificial intelligence ("AI"), quantum computing, and related innovations affecting both us and the banking industry; Our ability to complete projects and initiatives and execute our strategic plans, manage our risks, control compensation and other expenses, and achieve our business objectives; Our ability to develop and maintain technology and information security systems, along with effective controls designed to guard against fraud, cybersecurity, and privacy risks and related incidents, particularly given the accelerating pace at which threat actors are developing and deploying increasingly sophisticated and targeted tactics against the financial services industry; The occurrence of fraud, theft, or other forms of misconduct perpetrated by external parties, including customers and business partners, or by our own employees; Our ability to provide adequate oversight of our suppliers to help us prevent or mitigate effects upon us and our customers of inadequate performance, systems failures, or cyber and other incidents by, or affecting, third parties upon whom we rely for the delivery of various products and services; The effects of wars, geopolitical conflicts, and other local, national, or international disasters, crises, or conflicts that may occur in the future; Natural disasters, pandemics, wildfires, catastrophic events, and other emergencies and incidents, and their impact on our operations, our customers' business, and the communities we serve, including the increasing difficulty and expense of obtaining property, auto, business, and other insurance products; Diverging and evolving policy, legal, regulatory, and political developments—combined with differing stakeholder perspectives related to governance, environmental, and social matters—may subject us to potentially conflicting requirements and expectations; Securities and capital markets behavior, including volatility and changes in market liquidity and our ability to raise capital; The possibility that our recorded goodwill could become impaired, which may have an adverse impact on our earnings and shareholders' equity; The impact of bank closures or adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; Adverse news and other expressions of negative public opinion—whether directed at us, other financial institutions, the banking industry, or the broader market—that may adversely affect our reputation and the industry more broadly; and Other assumptions, risks, or uncertainties described in this earnings release, and in our filings with the SEC. We caution against placing undue reliance on forward-looking statements, as they reflect our views only as of the date they are issued. Except as required by law, we expressly disclaim any obligation to update any factors or publicly announce revisions to forward-looking statements to reflect future events or developments. View original content to download multimedia:https://www.prnewswire.com/news-releases/zions-bancorporation-national-association-reports-second-quarter-financial-results-302829788.html

Interested in Zions Bancorporation, N.A.? Here are five stocks we like better. Zions reported a strong Q2 2026 profit jump, with net earnings of $452 million, or $3.05 per share, boosted by one-time gains from Visa share liquidation and an SBIC investment. Excluding those items, EPS was $1.74, up from $1.58 a year earlier. Core banking trends remained stable, as net interest income rose and net interest margin held at 3.27%. Loan growth was modest but positive, deposits increased, and management said it still expects moderate to upper-single-digit NII growth over the next year depending on rates. Fee income, credit quality, and capital all stayed healthy, with capital markets driving higher noninterest income, charge-offs remaining low, and the CET1 ratio rising to 11.8%. Management also reiterated an organic-growth focus while saying buybacks remain sustainable. 3 High-Yield Banks for Investors to Buy on the Dip Zions Bancorporation, N.A. (NASDAQ:ZION) reported sharply higher second-quarter 2026 earnings, helped by one-time gains, while management pointed to steady net interest margin, modest loan growth, stronger fee income and solid credit quality. Chairman and Chief Executive Officer Harris Simmons said the company was “reasonably pleased” with the results, which he said reflected “meaningful year-over-year improvement and continued progress” on strategic priorities. Net earnings available to common shareholders were $452 million, or $3.05 per share. → MarketBeat Week in Review – 07/13- 07/17 New York Community Bank stock plummets amid real estate risks The quarter included two notable items: a $215 million pretax gain from the liquidation of Visa Class B-1 shares and a $37 million net unrealized pretax gain tied to a small business investment company investment, after a success fee accrual. Excluding those items, Simmons said earnings per share were $1.74, up from $1.58 in the year-earlier quarter. Chief Financial Officer Ryan Richards said taxable-equivalent net interest income was $677 million, up $15 million, or 2%, from the prior quarter and up $29 million, or 4%, from the year-ago quarter. The net interest margin was 3.27%, flat with the prior quarter and up 10 basis points from a year earlier. → Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Banking and trucking: Is the economy rolling toward troubles? Richards said the year-over-year margin improvement primarily reflected lower funding costs for deposits and borrowings. Average loans increased at a 4.7% annualized rate during the quarter, led by commercial and industrial lending, while average customer deposits rose 4.0%. Management faced repeated questions from analysts about the company’s net interest income outlook and the impact of potential rate hikes. Richards said the company’s guidance incorporated one rate increase implied by the forward curve at the time of its forecast. He later clarified that, with one hike included, the company sees the potential for upper-single-digit year-over-year net interest income growth by the second quarter of 2027. Without a rate hike, Richards said net interest income would still be expected to increase moderately. → The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Executives described the deposit market as competitive, particularly as some targeted deposit campaigns approach wholesale funding rates. Richards said the company saw noninterest-bearing balances decline on a period-end basis, partly reflecting second-quarter seasonality, while interest-bearing balances increased. President and Chief Operating Officer Scott McLean said the company’s marketing efforts are focused on granular consumer and small-business deposits. Simmons highlighted the launch of Business Beyond, a new deposit and payments account for small businesses, which follows the consumer-focused Gold Account introduced last year. Simmons said the company has opened more than 10,000 accounts between the two products so far this year. McLean also said Zions has about $6.5 billion to $7 billion in off-balance-sheet deposits, down from a peak of roughly $12 billion, and has been bringing some of those balances back on balance sheet when doing so is accretive compared with overnight borrowing costs. He said deposits brought in through the company’s wholesale deposit campaign are generally 30 to 40 basis points accretive to overnight borrowings. Customer-related noninterest income was $182 million, compared with $172 million in the prior quarter and $164 million a year earlier. Richards said results reflected broad-based growth across nearly all revenue streams, with capital markets fees increasing by $8 million, supported by higher real estate capital markets and investment banking advisory fees. Simmons said the company’s capital markets division has become an important contributor to fee income growth since its launch in 2020. He also discussed Zions’ agreement to acquire Basis Investment Group’s Fannie Mae and Freddie Mac multifamily lending business line, related mortgage servicing rights and an experienced team. The transaction is expected to close in the third quarter. Simmons said any revenue or financial contribution from the Basis transaction is not included in the company’s current outlook because the deal has not yet closed. He added that the financial benefits are expected to build gradually as the platform is integrated and production volumes ramp up. During the question-and-answer session, McLean said the company expects a “nice upward trajectory” in capital markets revenue as multiple product areas contribute, while Richards said the business should become more durable as Zions adds capabilities in real estate capital markets, advisory fees and multifamily lending. Adjusted noninterest expense was $546 million, down from the prior quarter primarily because of seasonal compensation, but higher than a year earlier due to increased professional and outsourced services, higher incentive compensation and technology costs. Richards said Zions continues to expect positive operating leverage for full-year 2026 in the range of 100 to 150 basis points, excluding the Visa gain. Credit quality remained strong. Net charge-offs were six basis points of average loans on an annualized basis, and the nonperforming assets ratio was unchanged sequentially at 48 basis points. Classified and criticized balances both declined modestly. The allowance for credit losses ended the quarter at 1.13% of loans, with 227% coverage of nonaccrual loans. Chief Credit Officer Derek Steward said the allowance is “very well reserved” and will depend on the economic outlook. He said if the economy improves, the company may have room to lower reserves, while deterioration would lead to an increase. Zions’ commercial real estate portfolio totaled $14.1 billion, or about 22% of total loans. Richards said the portfolio remains granular and diversified by property type and geography, with conservative loan-to-value characteristics and favorable credit metrics. The company’s common equity Tier 1 ratio rose to 11.8%, supported by earnings and the quarter’s exceptional gains, partially offset by $75 million in common share repurchases, dividends and growth in risk-weighted assets. Simmons said the current buyback pace is “certainly sustainable” and that he would expect some increase over the coming year if the economy and company forecasts continue to cooperate. Asked about bank mergers and acquisitions, Simmons said Zions is not focused on deals but would consider opportunities that are strategically additive, likely in existing markets and with attractive deposit bases. He emphasized that the company’s primary focus remains organic growth. Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services. The company's commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Zions Bancorporation, N.A. Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.