ZION earnings analysis
What we found in ZION's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong EPS Growth YoY
- Diluted EPS increased to $1.56 from $1.13 in Q1 2025.
- Net Interest Income Growth
- Net interest income increased by $38 million, or 6%, year-over-year.
- Efficiency Ratio Improvement
- The efficiency ratio improved to 65.0%, down from 66.6% in the prior year.
- Loan Growth
- Total loans and leases increased by $1.4 billion, or 2%, year-over-year.
- Lower Provision for Credit Losses
- Provision for credit losses was negative $7 million compared to $18 million in Q1 2025.
- Noninterest Income Increase
- Noninterest income rose by $16 million, or 9%, year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Noninterest Expenses
- Noninterest expenses increased by $24 million, or 4%, impacting margins.
- Revenue Miss
- Revenue of $849 million fell short of the expected $858 million, a 1.06% miss.
- Weakening Loan Performance Indicators
- Classified loans increased to $2.3 billion, representing 3.80% of total loans.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.56
What they said about what is next.
Revenue guidance for Q2 2026 approximately $1.25 billion.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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