The EPS beat and credit quality improvement are strong positives, but flat loan growth and declining pre-provision revenue warrant monitoring. Watch the Q4 2026 earnings for loan growth reacceleration and expense control; the Basis Multifamily acquisition may provide a strategic lift in western markets.
Price Chart
Executive Summary
Zions Bancorporation reported Q3 2026 EPS of $1.78, beating consensus of $1.65 by 8.0%, and net earnings of $262M, up from $221M a year ago. Net interest income rose 2% YoY to $684M, credit quality improved sharply with net charge-offs of only $3M vs $56M a year ago, and the company completed the acquisition of Basis Multifamily Finance I. However, adjusted pre-provision net revenue declined 4% YoY as expense growth outpaced revenue growth, and loan growth was flat QoQ due to elevated payoffs and competition.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $1.78 vs consensus $1.65 (beat by 8.0%)
- Net earnings applicable to common shareholders of $262M, up from $221M in Q3 2025
- Net interest income of $684M, up 2% YoY
- Provision for credit losses was an $8M benefit vs $49M expense a year ago
- Net charge-offs of $3M (0.02% annualized), down from $56M a year ago
- Completed acquisition of Basis Multifamily Finance I, LLC in July 2026
- Customer deposits grew nearly 10% annualized from Q2 2026
- Loan growth flat QoQ due to elevated payoffs and competitive market
- Adjusted pre-provision net revenue declined 4% YoY
Financial Impact
EPS beat consensus by $0.13 (8.0%); net earnings up 19% YoY; net interest income up 2% YoY; credit provision swung from $49M expense to $8M benefit
Risk Factors
- Flat loan growth due to elevated payoffs and competitive pressure
- Adjusted pre-provision net revenue declined 4% YoY, indicating expense growth outpacing revenue growth
- Higher interest rates may pressure loan demand and increase funding costs
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302912931 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | Press Release | $64.59 $65.68 | ▲ +1.69% | ▲ +1.61% | $65.68 (+1.69%) |
Oct 19, 2026 8d ago | 8-K | $64.59 $65.68 | ▲ +1.69% | ▲ +1.61% | $65.68 (+1.69%) |
Sep 25, 2026 4w ago | Court Ruling | $63.19 $63.28 | ▲ +0.14% | ▼ −1.06% | $65.68 (+3.94%) |
Sep 16, 2026 5w ago | Press Release | $65.47 $62.65 | ▼ −4.31% | ▼ −6.87% | $65.68 (+0.32%) |
Aug 6, 2026 11w ago | Court Ruling | $70.32 $72.20 | ▲ +2.67% | ▲ +2.28% | $65.68 (−6.60%) |
Aug 5, 2026 11w ago | Insider Cluster | $70.58 $71.61 | ▲ +1.46% | ▲ +0.25% | $65.68 (−6.94%) |
Aug 5, 2026 11w ago | Insider Cluster | $70.58 $71.61 | ▲ +1.46% | ▲ +0.25% | $65.68 (−6.94%) |
Jul 30, 2026 12w ago | Press Release | $69.70 $70.32 | ▲ +0.89% | ▼ −2.62% | $65.68 (−5.77%) |
Jul 20, 2026 14w ago | Press Release | $69.05 $68.52 | ▼ −0.77% | ▲ +0.46% | $65.68 (−4.88%) |
Mar 19, 2026 31w ago | DEFA14A | $54.05 $55.40 | ▲ +2.50% | ▲ +4.65% | $65.68 (+21.52%) |
US Market Status
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