Zions reports Q2 2026 EPS of $3.05, boosted by $215M Visa share sale and SBIC gains

Filed July 20, 2026 · Period ending July 20, 2026 · ~2 min read

Key Changes

• high

  Net earnings reached $452M ($3.05/share), up 86% YoY, including $215M gain from Visa Class B-1 share sale ($1.12/share) and $37M net SBIC investment gains ($0.19/share); core earnings were $1.74/share, up 10% YoY.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  Net interest margin expanded 10 bps YoY to 3.27% on lower funding costs; deposit costs fell 20 bps to 1.48% while net interest income grew 4% to $677M, driven by shift to higher-yielding loans.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  CET1 capital ratio strengthened to 11.8% from 11.0% YoY; tangible book value per share jumped 22% to $44.74, reflecting higher retained earnings and reduced unrealized AOCI losses from securities fair value increases.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →