Zions Bancorporation Reports Q3 Earnings of $1.78 Per Share
Zions Bancorporation, N.A., reported third-quarter net earnings applicable to common shareholders of $262 million or $1.78 per diluted share for the quarter ended October 19, 2026. This represents an increase from both the prior year's $1.48 and a decline compared to its second-quarter results of $3.05 per share in 2026. The earnings growth was attributed primarily to improved credit quality with net loan charge-offs dropping significantly to $3 million, down from $56 million in the same period last year. Despite flat loan growth due to increased payoffs and a competitive market environment, customer deposits grew nearly 10% annualized compared to Q2 levels. Zions also highlighted its acquisition of Basis Multifamily Finance I, LLC at the end of July as an important strategic move in commercial real estate services for western markets. The company expects stronger net interest income with rising short- and medium-term rates and continued improvement in noninterest income into next year.
Tickers: $ZION
Topics: banking credit quality financial performance interest rates
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