Zions Bancorp Q1 EPS jumps

Zions Bancorporation, National Association

20/04/2026 21:23

Overview

U.S. regional bank's Q1 net earnings and EPS rose yr/yr

Adjusted pre-tax pre-provision net revenue increased 13%, driven by higher revenue and positive operating leverage

Company during qtr agreed to acquire Basis Multifamily Finance agency lending business to expand multifamily housing financing

Outlook

Company did not provide specific guidance for the current quarter or full year in the press release

Result Drivers

NONINTEREST INCOME - Co said customer-related noninterest income rose 9% yr/yr, contributing to revenue growth

CREDIT QUALITY - Net loan losses were 0.03% annualized and classified loans fell 19% yr/yr, supporting results

FUNDING PROFILE - Customer deposits grew $2.2 bln and tangible common equity increased 19% yr/yr

Company press release: ID:nPn9Zq1qja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.56


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Zions Bancorporation NA is $66.00, about 5.2% above its April 17 closing price of $62.73

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)