Zions Bancorporation posts Q3 2026 earnings beat and completes Basis Multifamily acquisition
Zions Bancorporation reported net earnings of $262 million for the third quarter of 2026, translating to diluted EPS of $1.78, which topped analyst expectations. Revenue was reported at $881 million, missing consensus forecasts, while the bank announced the July completion of its acquisition of Basis Multifamily Finance I, LLC. Management said the stronger credit quality and rising interest rates should boost net interest income going forward.
Why it matters
The EPS beat may support the stock’s short‑term price momentum, but the revenue shortfall could temper expectations for top‑line growth. The Basis Multifamily acquisition expands Zions’ commercial real‑estate capabilities in its western markets, potentially enhancing future earnings.
Key facts
- 1Net earnings applicable to common shareholders were $262 million for Q3 2026 (up from $221 million in Q3 2025). prnewswire.com
- 2Diluted earnings per share were $1.78 for Q3 2026 (up from $1.48 a year earlier). prnewswire.com
- 3Revenue for the quarter was $881 million, a 1.0% year‑over‑year increase but $10.93 million below estimates. seekingalpha.com
- 4The acquisition of Basis Multifamily Finance I, LLC was completed at the end of July 2026. prnewswire.com
- 5Estimated common equity tier 1 (CET1) ratio rose to 11.8% in Q3 2026. tradingview.com
- 6Tangible book value per share increased to $43.50, up 13% year‑over‑year. tradingview.com
Open questions
- Revenue figure differs between sources: $881 million (source 2) versus $1.24 billion reported in another snapshot (source 4).
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.