ZION Zions Bancorporation (ZION) Q2 FY26 earnings call
Zions Bancorporation reported a strong second quarter, marked by double-digit adjusted EPS growth and robust customer-related noninterest income, particularly from capital markets. The bank maintained a stable net interest margin and saw healthy loan growth, primarily in commercial and industrial. Management emphasized strategic initiatives to drive granular deposit growth and expressed confidence in continued positive operating leverage, anticipating increased capital returns to shareholders.
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ZION operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net interest margin | 3.27%The net interest margin was 3.27%, down 4 basis points from the prior quarter, reflecting lower earning asset yields and the decline in average demand deposits partially offset by improved funding costs.Source: earnings call transcript | 3.27%The net interest margin was stable to the prior quarter at 3.27% and up 10 basis points from a year ago.Source: earnings call transcript | 3.23%The net interest margin was 3.23% and down 4 basis points from the prior quarter and down 5 basis points from a year ago.Source: earnings call transcript | 0 pt |
| Common equity tier 1 ratio (CET1) | 11.5%The Common Equity Tier 1 ratio was 11.5%, flat during the quarter as earnings growth was somewhat offset by the $77 million in common shares repurchased and dividends paid in addition to the growth in risk-weighted assets.Source: earnings call transcript | — | 11.8%The common equity Tier 1 ratio remained stable at 11.8% during the quarter, notwithstanding a $229 million increase in goodwill and intangible assets arising from our newly acquired multifamily agency business.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.