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ZION

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
6 filings tracked
financialsasset managementLARGE ($10B-200B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

Zions Bancorporation delivered a standout first quarter in 2026, characterized by a significant 38% year-over-year surge in diluted earnings per share to $1.56.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the headline earnings beat, a closer look at Zions' balance sheet reveals several structural vulnerabilities.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Q1 2026 filing presents a dichotomy between short-term operational excellence and long-term structural risks. On one hand, Zions has successfully optimized its cost structure and improved its net interest margin, leading to a sharp increase in shareholder value and tangible book value. The bank's ability to maintain a low nonperforming asset ratio of 0.48% suggests that current credit stress is well-contained across the broader portfolio. However, the concentration of risk in multifamily CRE and the reliance on uninsured deposits—which make up 46% of the total—create a volatile profile. Investors must weigh the immediate benefits of the bank's operating leverage and capital returns against the systemic risks of a CRE refinancing wave and evolving regulatory capital standards. The overall impact of the filing is a transition from a simple rate-play to a complex exercise in risk management and portfolio diversification.

Selected Quarter

Core Takeaway

Zions is successfully scaling profitability through cost discipline and margin expansion, but high concentrations in multifamily CRE and uninsured deposits create a fragile foundation for future growth.

Investor Lens

The trade-off is between immediate EPS growth and the long-term risk of a CRE credit event and regulatory capital tightening under Basel III.

Watch Next

The integration of the Basis Multifamily acquisition and the performance of multifamily CRE loans maturing in the next 12 months.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.67Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 7

Diluted EPS surged 38% year-over-year to $1.56.

earnings beat
90%
bullishMay 7

Net interest margin increased by 17 basis points to 3.27%.

margin expansion
70%
bullishMay 7

Agreement to acquire Basis Multifamily Finance agency lending business.

acquisition
60%
bullishMay 7

Announced plan to repurchase up to $225 million of common shares.

buyback
50%
bullishMay 7

Diluted EPS surged 38% year-over-year to $1.56.

earnings beat
90%
bullishMay 7

Net interest margin increased by 17 basis points to 3.27%.

margin expansion
70%
bullishMay 7

Agreement to acquire Basis Multifamily Finance agency lending business.

acquisition
60%
bullishMay 7

Announced plan to repurchase up to $225 million of common shares.

buyback
50%
bullishMay 7

Diluted EPS surged 38% year-over-year to $1.56.

earnings beat
90%
bullishMay 7

Net interest margin increased by 17 basis points to 3.27%.

margin expansion
70%
bullishMay 7

Agreement to acquire Basis Multifamily Finance agency lending business.

acquisition
60%
bullishMay 7

Announced plan to repurchase up to $225 million of common shares.

buyback
50%
bullishMay 7

Diluted EPS surged 38% year-over-year to $1.56.

earnings beat
90%
bullishMay 7

Net interest margin increased by 17 basis points to 3.27%.

margin expansion
70%
bullishMay 7

Agreement to acquire Basis Multifamily Finance agency lending business.

acquisition
60%
bullishMay 7

Announced plan to repurchase up to $225 million of common shares.

buyback
50%
bullishMay 7

Diluted EPS surged 38% year-over-year to $1.56.

earnings beat
90%
bullishMay 7

Net interest margin increased by 17 basis points to 3.27%.

margin expansion
70%
bullishMay 7

Agreement to acquire Basis Multifamily Finance agency lending business.

acquisition
60%
bullishMay 7

Announced plan to repurchase up to $225 million of common shares.

buyback
50%
bullishMay 7

Diluted EPS surged 38% year-over-year to $1.56.

earnings beat
90%
bullishMay 7

Net interest margin increased by 17 basis points to 3.27%.

margin expansion
70%
bullishMay 7

Agreement to acquire Basis Multifamily Finance agency lending business.

acquisition
60%
bullishMay 7

Announced plan to repurchase up to $225 million of common shares.

buyback
50%

Filing History

10-QMay 7, 2026
Expand Sequence

The Q1 2026 filing presents a dichotomy between short-term operational excellence and long-term structural risks. On one hand, Zions has successfully optimized its cost structure and improved its net interest margin, leading to a sharp increase in shareholder value and tangible book value. The bank's ability to maintain a low nonperforming asset ratio of 0.48% suggests that current credit stress is well-contained across the broader portfolio. However, the concentration of risk in multifamily CRE and the reliance on uninsured deposits—which make up 46% of the total—create a volatile profile. Investors must weigh the immediate benefits of the bank's operating leverage and capital returns against the systemic risks of a CRE refinancing wave and evolving regulatory capital standards. The overall impact of the filing is a transition from a simple rate-play to a complex exercise in risk management and portfolio diversification.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.