Zions Bancorporation reported second-quarter 2026 net earnings available to common of $452 million, or $3.05 per share, including a $215 million pretax gain on the liquidation of Visa Class B-1 shares and a $37 million net unrealized pretax gain on an SBIC investment. Excluding those items, earnings per share totaled $1.74, while adjusted pre-provision net revenue reached $332 million, up 10% from the prior quarter. Taxable equivalent net interest income was $677 million, customer-related noninterest income was $182 million, and adjusted noninterest expense was $546 million. The net interest margin held steady at 3.27%, average loans grew 4.7% annualized, and average customer deposits grew 4.0%. The company reaffirmed its expectation for positive operating leverage for the full year 2026 in the range of 100 to 150 basis points and guided to moderately increasing net interest income over the next year, with the potential for upper single-digit growth if the forward curve’s assumed rate increase materializes. The pending acquisition of Basis Investment Group is expected to close in the third quarter and is not included in the current outlook.
Zions BancorporationReported strong Q2 earnings with adjusted PPNR up 10% QoQ, positive operating leverage guidance, and net interest income outlook.
Zions Bancorp N.A.Acquisition by Zions expected to close in Q3, implying positive valuation event.