Revenue: As of FY2026 Q2, the actual value is USD 1.137 B.

EPS: As of FY2026 Q2, the actual value is USD 3.05.

EBIT: As of FY2026 Q2, the actual value is USD 583 M.

Net Earnings

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd Shs reported net earnings of $452 million for the second quarter of 2026, an increase from $243 million in the second quarter of 2025.

Net Interest Income and Net Interest Margin (NIM)

Net interest income for the second quarter of 2026 was $677 million, up 4% compared to $648 million in the prior year period, primarily driven by lower funding costs. The net interest margin increased to 3.27% in the second quarter of 2026 from 3.17% in the prior year period, and remained flat compared to the previous quarter.

Operating Performance

Pre-provision net revenue (PPNR) was $597 million, an 84% increase, which included pre-tax net gains of $252 million. Adjusted PPNR was $332 million, up 5% from $316 million in the prior year period. Customer-related noninterest income increased by 11% to $182 million compared to $164 million in the prior year period, reflecting broad-based growth across nearly all revenue streams, particularly from capital markets activities. Noninterest expense was $551 million, up 5% from $527 million in the prior year quarter. Adjusted noninterest expense was $546 million, a 5% increase from $521 million. The efficiency ratio remained stable at 62.2%, consistent with the prior year quarter.

Loans and Credit Quality

Loans and leases, net of unearned income and fees, increased by $1.7 billion or 3% to $62.5 billion compared to $60.813 billion in the prior year quarter, primarily due to a $1.0 billion increase in commercial loans and a $452 million increase in commercial real estate loans. The annualized ratio of net loan and lease charge-offs to average loans and leases was 0.06% in the second quarter of 2026, compared to 0.07% in the prior year period. The provision for credit losses was $3 million, compared to - $1 million in the prior year period. Nonperforming assets totaled $298 million, or 0.48% of loans and leases and other real estate owned, a decrease from $313 million, or 0.51%, in the prior year period. Classified loans declined to $2.3 billion, or 3.72% of loans and leases, from $2.7 billion, or 4.43%, in the prior year period. The Allowance for Credit Losses (ACL) was $707 million, down from $732 million in the prior year, with the ratio of ACL to total loans and leases at 1.13% compared to 1.20% a year ago.

Deposits and Borrowed Funds

Total deposits increased by $2.8 billion, or 4%, to $76.6 billion compared to $73.8 billion in the prior year quarter, driven by a $2.0 billion increase in interest-bearing deposits. Customer deposits (excluding brokered deposits) totaled $72.7 billion, up 4% from $69.9 billion. Brokered deposits remained flat at $3.9 billion. Short-term borrowings decreased by 79% to $1.2 billion compared to $5.845 billion. Long-term debt increased by 102% to $2.0 billion, due to senior note issuances over the past year. Total borrowed funds decreased by $3.6 billion, or 53%.

Capital

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd Shs’ estimated Common Equity Tier 1 (CET1) capital ratio strengthened to 11.8% from 11.0% in the prior year period. Tangible book value per common share increased by 22% to $44.74, mainly due to an increase in retained earnings and reduced unrealized losses in Accumulated Other Comprehensive Income (AOCI). The AOCI balance reflected a net loss of - $1.9 billion, an improvement of $297 million compared to the prior year. Common shares outstanding decreased by 1.7 million from the second quarter of 2025, primarily due to $75 million in common stock repurchases during the second quarter of 2026.

Unique Metrics

Notable items for the quarter included a gain on sale of Visa Class B-1 shares of $215 million (or $1.12 per share) and net unrealized gains from SBIC investments of $37 million (or $0.19 per share).

Outlook / Guidance

The report did not include specific forward-looking financial guidance or outlook statements from the company. It primarily focused on historical performance and current quarter results.