Salt Lake City, October 19 (Reuters) /PRNewswire/ — Zions Bancorporation, N.A. (Nasdaq: ZION) (hereinafter referred to as "Zions" or "the Bank") today announced net income attributable to common shareholders of $262 million for the third quarter of 2026, with diluted earnings per common share of $1.78. In comparison, net income for the third quarter of 2025 was $221 million, with diluted earnings per share of $1.48; net income for the second quarter of 2026 was $452 million, with diluted earnings per share of $3.05.
Harris H. Simmons, Chairman and CEO of Zions Bancorporation, said, "Earnings per share increased 20% to $1.78 in the third quarter, up from $1.48 a year ago. The higher earnings primarily reflect improved credit quality, as net loan charge-offs amounted to $3 million, compared to $56 million a year ago. Despite loan growth remaining flat compared to the second quarter due to accelerated loan prepayments and intense market competition, customer deposits increased nearly 10% on an annualized basis versus the second-quarter level."
Simmons also stated, "In the final month of this quarter, short- and medium-term interest rates began to rise. We expect our moderately asset-sensitive balance sheet to generate stronger net interest income in a higher interest rate environment, while we are seeing continued improvement in non-interest income and anticipate this trend to continue into next year."
Simmons concluded, "We are pleased to have completed the acquisition of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, at the end of July. This multifamily finance platform will be a key strategic advantage for serving our commercial real estate clients, particularly in the rapidly growing Western markets we serve."
To view the full Q3 2026 earnings release, including detailed financial statements, visit www.zionsbancorporation.com.
Supplementary demonstration and conference call
Zions has posted supplemental presentation materials on its website for use during its discussion of third-quarter financial results on October 19, 2026, at 5:30 p.m. Eastern Time. Media representatives, analysts, investors, and the public may participate by calling (877) 709-8150 (domestic and international) and entering conference code 13763140, or by joining the on-demand webcast. The webcast link will be posted on the company’s website at www.zionsbancorporation.com. Following the event, the webcast will be archived and accessible for 30 days.
Regarding Zions Bancorporation, N.A.
Zions Bancorporation, N.A. is one of the leading financial services companies in the United States, reporting net income of $3.4 billion for the full year 2025 and total assets of approximately $89 billion as of December 31, 2025. The bank operates primarily through seven independently managed, geographically focused banking divisions, each conducting business under its own local brand and management team, serving customers primarily in eleven western U.S. states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
Zions has consistently won awards in national and state customer surveys for its excellence in small and medium-sized business and mid-market banking. The company is also a leading provider of public finance advisory services and Small Business Administration loans. Zions is included in the S&P MidCap 400 Index and the Nasdaq Financial 100 Index. Additional investor information and links to local bank brands are available at www.zionsbancorporation.com.
Forward-looking information
This earnings announcement contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and assumptions regarding future events and outcomes, but are inherently subject to known and unknown risks, uncertainties, and other factors, such that actual results, performance, achievements, industry developments, or regulatory outcomes may differ materially from those expressed or implied by these statements. Forward-looking statements may include, but are not limited to:
- Statements regarding the beliefs, plans, objectives, intentions, commitments, designs, guidelines, expectations, and outlook of Zions Bancorporation, National Association and its subsidiaries (collectively, “Zions Bancorporation, N.A.,” “the Bank,” “we”); and
- Statements using "may," "might," "can," "continue," "could," "should," "would," "believe," "anticipate," "estimate," "forecast," "expect," "intend," "target," "commit," "design," "plan," "project," "will," or similar terms, or statements containing such wording before or after.
Forward-looking statements do not constitute guarantees and should not be viewed as representing management's views on any subsequent date. Actual results and outcomes may differ materially from those expressly or implicitly stated in these statements. Factors that could cause such differences include, but are not limited to:
- Changes in the quality, composition, and concentration of our loan and investment securities portfolio;
- Changes in economic, political, and market conditions in the United States nationwide and in our key markets in the western U.S., including interest rates, inflation, monetary and fiscal policies, trade and tax policies, government actions, and other macroeconomic factors affecting our financial results, customer activity, credit demand, and borrower performance;
- Changes in deposit levels and composition, wholesale funding channels, and the availability and cost of liquidity sources;
- Our credit rating changes;
- Competition from traditional and non-bank financial service providers, including credit unions, fintech companies, private credit funds, special-purpose licenses, and other emerging and evolving industry participants;
- Our ability to execute strategic initiatives, control costs, attract and retain talent, and achieve business objectives;
- Geopolitical developments, including wars, global conflicts, and fires, natural disasters, pandemics, and other environmental or catastrophic events that may affect our operations and clients;
- Increased demand and associated risks arising from the adoption and integration of emerging technologies and products, including tokenized deposits, stablecoins, blockchain, and artificial intelligence (“AI”);
- Fraud, theft, or other improper actions carried out by third parties (including customers and business partners) or our own employees;
- We develop, maintain, and safeguard robust technical systems and effective controls to detect and respond to fraud, cybersecurity threats, data breaches, and other operational disruptions, including increasingly sophisticated AI-driven attacks;
- Our ability to effectively oversee third-party vendors and mitigate risks arising from vendor performance failures, cybersecurity incidents, technology outages, data breaches, or other operational deficiencies;
- Accounting standards, changes in asset valuation and impairment, and our ability to access capital and financing markets under favorable terms;
- The impact of current and proposed laws and regulations, regulatory expectations, and the outcomes of legal or regulatory proceedings;
- Adverse industry developments that impact the banking sector and may negatively affect depositors, investors, or market confidence and public opinion; and
- Other assumptions, risks, and uncertainties described in our earnings announcement and other SEC filings.
We remind you not to rely excessively on forward-looking statements, as these reflect only the views as of the date they are made. Unless required by law, we explicitly state that we have no obligation to update any factors or publicly announce revisions to forward-looking statements to reflect future events or developments.