Chairman and CEO Harris H. Simmons attributed the performance to organic growth in noninterest income, which climbed 11% year-over-year, alongside strong activity in capital markets. While loan growth remained modest at 3% compared to the prior year, the bank saw a robust 8% annualized increase on a linked-quarter basis. Deposits grew 4% annually, despite seasonal fluctuations.
Zions Bancorporation Reports Quarterly Earnings Surge
Zions Bancorporation reported net earnings of $452 million for the second quarter of 2026, a significant increase from the $243 million recorded during the same period last year. The results, translating to $3.05 per diluted share, were bolstered by substantial gains from equity investments in Visa and SBIC.
The bank’s financial health metrics showed steady improvement, with tangible book value per share rising 22% to $44.74. The Common Equity Tier 1 capital ratio reached 11.8%, up from 11.0% a year ago, while credit quality remained high with annualized net charge-offs of 0.06%. Excluding net equity investment gains, earnings per share rose 10% to $1.74, reflecting the bank's operational momentum across its 11-state Western footprint.
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