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Zions Bancorp Reports Higher Third-Quarter Earnings on Loan and Deposit Growth

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ZIONP$17.30 1.23%

Zions Bancorporation, N.A. (NASDAQ:ZIONP) posted net earnings of $262 million, or $1.78 per diluted share, for the third quarter of 2026. The financial results mark an increase from $221 million, or $1.48 per share, recorded in the same period a year earlier. Total net interest income reached $684 million with a net interest margin of 3.23%, while pre-provision net revenue came in at $340 million.

The bank's performance was supported by steady balance sheet expansion and improving credit metrics. Total loans and leases held for investment grew 4% year-over-year to $61.8 billion, driven by strength in commercial and commercial real estate lending. Meanwhile, customer deposits rose 5% to $74.5 billion, allowing the firm to cut short-term borrowings by 76% sequentially to $843 million. Credit quality also improved, with nonperforming assets dropping to 0.50% of loans and annualized net charge-offs falling to 0.02%.

Investors will keep an eye on how Zions Bancorporation manages its liability structure following senior note issuances and its recent expansion in agency lending. The company completed the acquisition of the Basis Multifamily Finance platform in July 2026 to enhance its multifamily finance capabilities in western US markets, while maintaining a capital cushion with its common equity tier 1 ratio rising to 11.8%.

Key points

  • Third-quarter 2026 net earnings rose to $262 million, or $1.78 per diluted share, up from $221 million and $1.48 per share in the third quarter of 2025.
  • Net interest income stood at $684 million with a net interest margin of 3.23%, while tangible book value per common share grew 13% year-over-year to $43.50.
  • Total deposits increased 4% year-over-year to $77.9 billion, helping the bank reduce short-term borrowings by 76% from the prior quarter to $843 million.
  • Loans and leases held for investment expanded 4% year-over-year to $61.8 billion, led by commercial and commercial real estate portfolios.
  • The bank recorded an estimated common equity tier 1 capital ratio of 11.8% and completed its acquisition of Basis Multifamily Finance in July 2026.

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Questions and answers

What were Zions Bancorp's earnings for 3Q 2026?

Zions Bancorp reported third-quarter 2026 net earnings of $262 million, or $1.78 per diluted share, compared to $221 million, or $1.48 per diluted share, in the third quarter of 2025.

How much did Zions Bancorp's deposits and loans grow in 3Q 2026?

Total deposits grew 4% year-over-year to $77.9 billion, while loans and leases held for investment increased 4% to $61.8 billion, led by gains in commercial and commercial real estate portfolios.

What is Zions Bancorp's capital ratio and tangible book value?

Zions Bancorp reported an estimated common equity tier 1 ratio of 11.8% and a tangible book value per common share of $43.50, which represents a 13% increase compared to the prior year.