#United States #Salt Lake City #Financial Growth #Zions Bancorporation #Q2 Earnings

Zions Bancorporation Reports Impressive Earnings for the Second Quarter of 2026

Zions Bancorporation, N.A., a leading financial institution based in the United States, announced its second quarter financial results for 2026, revealing a remarkable increase in net earnings. In a press release dated July 20, 2026, the bank reported net earnings available to common shareholders amounting to $452 million, translating to $3.05 per diluted common share. This reflects a substantial increase compared to $243 million, or $1.63 per diluted share, produced in the same quarter of the previous year.

Key Financial Highlights:

The bank's growth metrics were particularly noteworthy:

• - Increase in Earnings Per Share: Excluding net equity investment gains, earnings per share improved by 10%, rising to $1.74 from $1.58 year-on-year.
• - Net Equity Investment Gains: Significant contributions to the financial results came from net equity investment gains of $215 million from Visa Class B-1 shares and $37 million from SBIC investments. This added an impressive $1.12 and $0.19 per share, respectively, showcasing the bank's robust investment strategy.
• - Organic Growth: The organic growth in noninterest income from customer-related activities rose to 11% compared to last year's quarter, driven largely by strong performance in capital markets activities.

Loan and Deposit Growth:

Although loan growth saw a modest year-on-year increase of only 3%, quarterly growth measured an impressive 8%. Additionally, total deposits grew by 4% year-on-year, although they experienced seasonal decline compared to the first quarter of 2026.

Strengthened Financial Ratios:

Zions Bancorporation’s tangible book value per share saw a significant rise of 22%, climbing to $44.74 from $36.81. The Common Equity Tier 1 capital ratio also saw solid improvement, strengthening to 11.8% from 11.0% in the previous year, reflecting enhanced capital buffers.

Focus on Customer Satisfaction:

Harris H. Simmons, Chairman and CEO of Zions Bancorporation, expressed immense satisfaction with the results. He highlighted the bank’s unwavering commitment to customer service and satisfaction, which continues to receive recognition at both state and national levels. The company is regularly acknowledged for its excellence in small- and middle-market banking, further solidifying its reputation in the financial sector.

Outlook and Future Prospects:

As Zions Bancorporation moves into the latter half of the fiscal year, the company remains optimistic about sustaining its growth momentum. The management has also expressed confidence in maintaining solid credit performance, evidenced by annualized net charge-offs of just 0.06%.

Looking ahead, Zions Bancorporation aims to continue fostering organic growth while leveraging its strong financial position to navigate the complexities of the evolving banking landscape. To explore the complete second quarter earnings release and detailed financial schedules, interested parties can visit Zions Bancorporation's website.

Supplemental Information:

In conjunction with the release of these results, Zions Bancorporation will conduct a conference call on July 20, 2026, at 5:30 p.m. ET, inviting media, analysts, and the public to participate. The call will be accessible through telephone and an on-demand webcast will be available on the company's website for 30 days following the event.

Zions Bancorporation remains one of the nation's premier financial services companies, with a diverse portfolio serving a multitude of clients across various states. As of the end of 2025, the bank reported total assets nearing $89 billion and annual net revenue exceeding $3.4 billion, propelling its position in the competitive landscape of the financial services sector.