Published 9 hours ago • loading... • Updated 9 hours ago
Zions: Q2 Earnings Snapshot
On Monday, Zions Bancorporation reported net earnings of $452 million, or $3.05 per diluted share, for the second quarter of 2026, with results boosted by gains from liquidating Visa Class B-1 shares.
Chairman and CEO Harris H. Simmons attributed the results to 11% growth in customer-related noninterest income, with adjusted earnings per share, excluding investment gains, rising 10% to $1.74 from $1.58 a year prior.
Loan growth remained modest at 3% year-over-year, though annualized linked-quarter growth reached 8%, while deposits grew 4% from last year and annualized net charge-offs stayed low at 0.06%.
Zions expects to close its acquisition of Basis Investment Group's multifamily lending business in the third quarter, strengthening its commercial real estate capabilities across the Western United States and its capital markets franchise.
Management anticipates net interest income will moderately increase in 2026, with potential for upper-single-digit growth if interest rates rise; the company also expects 100 to 115 basis points of positive operating leverage, excluding exceptional items.