Earnings analysis · 10-Q
ZION earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Zions Bancorporation reported strong year-over-year growth, with diluted EPS rising to $1.56 from $1.13 a year earlier, driven by increased net interest income and improved efficiency, despite a slight revenue miss of…
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Zions Bancorporation reported strong year-over-year growth, with diluted EPS rising to $1.56 from $1.13 a year earlier, driven by increased net interest income and improved efficiency, despite a slight revenue miss of $849 million against estimates of $858 million. Noninterest income showed robust growth, yet noninterest expenses also rose, leading to higher operational costs amid strong loan performance.
Reported figures
- Earnings per share
- $1.56
What stood out
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Strong EPS Growth YoY
Diluted EPS increased to $1.56 from $1.13 in Q1 2025.
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Net Interest Income Growth
Net interest income increased by $38 million, or 6%, year-over-year.
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Efficiency Ratio Improvement
The efficiency ratio improved to 65.0%, down from 66.6% in the prior year.
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Loan Growth
Total loans and leases increased by $1.4 billion, or 2%, year-over-year.
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Lower Provision for Credit Losses
Provision for credit losses was negative $7 million compared to $18 million in Q1 2025.
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Noninterest Income Increase
Noninterest income rose by $16 million, or 9%, year-over-year.
What to watch
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Higher Noninterest Expenses
Noninterest expenses increased by $24 million, or 4%, impacting margins.
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Revenue Miss
Revenue of $849 million fell short of the expected $858 million, a 1.06% miss.
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Weakening Loan Performance Indicators
Classified loans increased to $2.3 billion, representing 3.80% of total loans.
Management's outlook
Revenue guidance for Q2 2026 approximately $1.25 billion.
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.