Zions Bancorporation reports second-quarter net earnings of $452 million
Zions Bancorporation, N.A. reported net earnings applicable to common shareholders of $452 million for the second quarter of 2026, compared with $243 million in the prior year period. Net interest income increased $29 million, or 4%, driven by lower funding costs and improved asset mix, while the net interest margin expanded to 3.27% from 3.17%. Noninterest income surged $252 million year-over-year, primarily reflecting a $215 million gain on the sale of Class B-1 shares of Visa, Inc., and $44 million in unrealized gains within the Small Business Investment Company portfolio.
Key facts
- Net earnings applicable to common shareholders: $452 million (Q2 2026) vs. $243 million (Q2 2025)
- Net interest income: $677 million (Q2 2026) vs. $648 million (Q2 2025), up $29 million or 4%
- Net interest margin: 3.27% (Q2 2026) vs. 3.17% (Q2 2025)
- Gain on sale of Class B-1 shares of Visa, Inc.: $215 million
- Loans and leases increased $1.7 billion to $62.5 billion vs. prior year quarter
- Total deposits increased $2.8 billion to $76.6 billion vs. prior year quarter
- Return on average tangible common equity: 28.6% (Q2 2026) vs. 18.7% (Q2 2025)
- Common equity tier 1 capital ratio: 11.8% (Q2 2026) vs. 11.0% (Q2 2025)
- Tangible book value per common share: $44.74 (Q2 2026), up 22% vs. prior year
- Repurchased 1.2 million common shares for $75 million in Q2 2026
Why it matters
The bank's profitability increased substantially year-over-year, driven by improved net interest margins in a lower-rate environment, disciplined expense management, and a significant one-time gain from the Visa share sale; capital ratios strengthened and tangible book value per share grew 22%, supporting continued shareholder distributions.
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Derived from 8-K filed 2026-07-20. Not investment advice. View the source filing on SEC.gov →