Zions Bancorporation, National Association Reports Third Quarter Financial Results
Key Highlights
- ➤Q3 net earnings $262 million, or $1.78 per diluted share
- ➤Third-quarter EPS increased 20% from $1.48 a year ago
- ➤Net loan charge-offs fell to $3 million from $56 million
- ➤Customer deposits grew nearly 10% annualized from second-quarter levels
- ➤Zions completed Basis Multifamily Finance acquisition at July-end
Expert Statements
Harris H. Simmons, Chairman and CEO of Zions Bancorporation
“Third quarter earnings per share increased 20% to $1.78, up from $1.48 a year ago.”
Harris H. Simmons, Chairman and CEO of Zions Bancorporation
“The higher earnings were primarily a reflection of improved credit quality, as net loan charge-offs were $3 million, down from $56 million a year ago.”
Harris H. Simmons, Chairman and CEO of Zions Bancorporation
“Although an increased pace of loan payoffs, combined with a highly competitive market, produced flat loan growth compared to the second quarter, customer deposits grew nearly 10% annualized from second quarter levels.”
Harris H. Simmons, Chairman and CEO of Zions Bancorporation
“Short- and medium-term interest rates began to rise in the last month of the quarter, and we expect that our moderately asset-sensitive balance sheet should produce stronger net interest income in a higher rate environment, while we're seeing continued improvement in noninterest income that we expect will continue into next year.”
Harris H. Simmons, Chairman and CEO of Zions Bancorporation
“We were pleased to complete the acquisition of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, at the end of July.”
Harris H. Simmons, Chairman and CEO of Zions Bancorporation
“This multifamily finance platform becomes an important strategic advantage in serving our commercial real estate clients, particularly in the fast-growing western markets we serve.”
Zions Bancorporation, National Association Reports Third Quarter Financial Results PR Newswire
SALT LAKE CITY, Oct. 19, 2026 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) ("Zions" or "the Bank") today reported net earnings applicable to common shareholders of $262 million, or $1.78 per diluted common share, for the third quarter of 2026. This compares with net earnings of $221 million, or $1.48 per diluted common share, in the third quarter of 2025, and $452 million, or $3.05 per diluted common share, in the second quarter of 2026.
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