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Zions Bancorp Q3: Earnings Beat on Credit Quality, Deposits Rise

Oct 20, 2026, 11:52 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Improved credit quality (lower charge-offs) and deposit growth support fundamentals; multiple PT upgrades suggest reassessment of valuation, likely providing modest upside, despite revenue miss.

AI summary

What happened, with direct paths to the underlying reporting

Zions Bancorp reported Q3 earnings of $1.78 per share, topping estimates, while revenue came in at $881 million, modestly below consensus. Net loan charge-offs plunged to $3 million from $56 million a year earlier, and deposits grew nearly 10% annualized, signaling stronger funding. The results sparked mixed analyst moves and a modest stock uptick, underscoring resilience in credit quality but ongoing topline pressures.

Q3 EPS $1.78 beat; revenue $881m miss vs $890.5m est.
Charge-offs $3m, down from $56m YoY; deposits up ~10% annualized.
Loans flat vs Q2 amid competition; funding remains solid.
Shares +2.1% to $64.44; Baird/DA Davidson raised PT to $80.
JPMorgan Underweight raised PT to $70; mixed analyst revisions across banks.

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