Zions' net interest income has rebuilt from $586.0M in 2024Q1 to $684.0M in 2026Q3, but year-over-year growth slowed to 1.8% in the latest quarter and net interest margin has stayed near 0.7% to 0.8%, suggesting limited margin expansion.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue and margin trends show net interest income rising to $684.0M and efficiency improving to 62.8%, but the 0.8% net interest margin and reliance on provision benefits warrant scrutiny of earnings durability.
Zions Bancorporation reported increased net interest income and net income in the first quarter of 2026, with earnings per share rising to $1.56. Projections suggest revenue could reach $3.8 billion by 2029, alongside a 31% net earnings growth in the fourth quarter of the previous year.
The company completed a $75 million share buyback in the first quarter of 2026, positively impacting earnings per share and capital management. This buyback activity, along with stable capital ratios, positions Zions to repurchase stock more consistently.
Zions has benefited from strong net interest income expansion, with nearly double-digit year-over-year growth. The loan portfolio has seen moderate expansion, supported by strong credit demand, particularly in commercial lending, and a strategic transition into agency multifamily lending.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 19, 2026 | $1.78+8.5% vs $1.64 | $887M-0.3% vs $890M |
Q3 2026 Jul 20, 2026 | $3.05+94.3% vs $1.57 | $878M+0.2% vs $876M |
Q2 2026 Apr 20, 2026 | $1.56+9.9% vs $1.42 | $849M-0.8% vs $856M |
Q1 2026 Jan 20, 2026 | $1.75+11.5% vs $1.57 | $891M+3.0% vs $865M |
SALT LAKE CITY, Oct. 30, 2026 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors has authorized share repurchases of up to $72 million of the company's common stock for the fourth quarter of 2026 as part of the company's previously authorized share repurchase target for 2026 of $300 million.
MacDonald to oversee Commercial, Corporate and Specialty Industry banking divisions while continuing leadership of Zions Capital Markets SAN DIEGO, Oct. 26, 2026 /PRNewswire/ -- California Bank & Trust (CB&T), a division of Zions Bancorporation, N.A., and a leading financial institution serving businesses and individuals across the state, today announced the appointment of Michael MacDonald as President.
Zions (ZION) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Benchmark ZION against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Zions Bancorporation, National Association (ZION)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $64.76 | $9.45B | 7.75 | 8.21% | 32.23% | 16.25% | 2.76% | |
| $63.24 | $26.74B | 11.87 | -5.85% | 25.4% | 8.74% | 2.74% | |
| $15.47 | $31.26B | 12.72 | 10.58% | 24% | 8.17% | 3.9% | |
| $28.31 | $24.16B | 10.56 | 6.25% | 29.89% | 12.26% | 3.66% | |
| $53.04 | $48.07B | 18.98 | 8.37% | 21.86% | 8.3% | 3.28% | |
| $20.85 | $22.5B | 10.47 | 69.31% | 29.3% | 10.88% | 4.62% |
Zions Bancorporation, National Association (ZION) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Zions Bancorporation, National Association (ZION) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 19, 2026·SEC
Jul 20, 2026·SEC
Jun 2, 2026·SEC
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Zions Bancorporation, National Association (ZION) stock FAQ — growth, dividends, profitability & financials explained
Zions Bancorporation, National Association (ZION) grew revenue by 13.5% over the trailing twelve months, compared with the twelve months before.
Yes. Zions Bancorporation, National Association (ZION) earned $1.21B in net income over the trailing twelve months (a 32.2% net margin).
Yes. Zions Bancorporation, National Association (ZION) pays a dividend that yields 2.76% at the current price, a moderate yield.
Zions Bancorporation, National Association (ZION) had a return on equity (ROE) of 16.2% over the trailing twelve months. That is above the market's typical 10-15%.
Zions Bancorporation, National Association (ZION) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.
Zions Bancorporation, National Association (ZION) has an efficiency ratio of 63.2%. This is reasonable for a bank.
