ZION Zions Bancorporation (ZION) Q3 FY26 earnings call
Zions Bancorporation delivered solid third-quarter results marked by robust deposit growth and strategic investments in fee-generating businesses, notably the multifamily agency platform. While net interest margin faced pressure from rising funding costs, the bank anticipates NII expansion in a higher rate environment, supported by asset sensitivity and ongoing efforts to optimize funding mix. Management remains focused on driving long-term relationship growth through targeted product offerings and disciplined capital management.
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ZION operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | This call 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.