Quarterly ResultApr 20, 2026, 04:12 PM
Zions Bancorp 1Q26 EPS Jumps 38% to $1.56; Net Earnings Up 37%
AI Summary
Zions Bancorporation reported strong first-quarter 2026 financial results, with diluted earnings per share increasing 38% year-over-year to $1.56 and net earnings rising 37% to $232 million. The company achieved positive operating leverage, driven by a 13% increase in adjusted pre-tax pre-provision net revenue and a 9% rise in customer-related noninterest income. Credit quality remained robust, and the funding profile strengthened with growing customer deposits and reduced short-term borrowings. The company also announced an agreement to acquire Basis Multifamily Finance I, LLC's agency lending business.
Key Highlights
- Diluted EPS rose 38% to $1.56 in 1Q26 from $1.13 in 1Q25.
- Net earnings increased 37% to $232 million in 1Q26 from $169 million in 1Q25.
- Adjusted PPNR grew 13%, and customer-related noninterest income was up 9%.
- Net loan charge-offs were 0.03% annualized, with classified loans down 19%.
- Tangible book value per common share increased 19% to $41.75.