Q2 2026 Zions Bancorporation NA Earnings Call Transcript
Key Points
- Zions Bancorp NA (ZION) reported net earnings of $452 million or $3.05 per share, reflecting meaningful year-over-year improvement.
- The capital markets division continues to drive fee income growth, with investments in talent, technology, and product capabilities.
- The acquisition of Basis Investment Group's Fannie Mae and Freddie Mac multi-family lending business is expected to enhance service to commercial real-estate clients.
- The introduction of the Business Beyond Account for small businesses has been successful, with over 10,000 accounts opened this year.
- Credit quality remains strong, with net charge-offs at 6 basis points of average loans and a stable non-performing assets ratio.
- The competitive environment for deposit pricing remains challenging, with some targeted deposit campaigns approaching wholesale rates.
- Loan spreads are experiencing compression, impacting earning asset yields.
- Expenses have increased year over year due to higher professional and outsourced services, incentive compensation, and technology costs.
- The allowance for credit losses remains at 1.13%, indicating potential concerns about future economic conditions.
- The company's reliance on wholesale funding and short-term borrowings has increased, raising questions about future funding strategies.
Greetings and welcome to the Zions Bancorp second-quarter earnings conference call.
(Operator Instructions) Please note that this conference is being recorded.
I'll now turn the call over to Dave Riches. Thank you, Dave. You may begin.
Thank you, Julian. Good evening, everyone. Welcome to our conference call to discuss Zions Bancorporation's second-quarter 2026 results.
My name is Dave Riches, Interim Director of Investor Relations.
Before we begin, I would like to remind you that, during this call, we will be making forward-looking statements. Actual results may differ materially.
We encourage you to review the forward-looking statements and non-GAAP disclosures in our press release and on slide 2 of today's presentation, which apply equally to statements made during this call.
A copy of the earnings release and the presentation are available at zionsbancorporation.com.
For our agenda today, Chairman and Chief Executive Officer Harris
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