ZION

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/

6 filings tracked

financialsasset managementLARGE ($10B-200B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

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

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.