Zions Bancorporation, National Association (ZION) Earnings Call Transcripts
Zions Bancorporation, National Association's Latest Earnings Call - June 9, 2026
In Q2 2026, Zions Bancorporation reported significant progress in its strategic initiatives, which could positively impact the stock. The bank completed its core systems conversion, positioning itself as the only U.S. bank with real-time, API-enabled core loan and deposit systems. This technological edge is expected to drive efficiencies and new business opportunities. Revenue was impacted by past disruptions, but net interest margin has recovered to 3.3%. Management highlighted a focus on growth, particularly in small and medium-sized business banking, which constitutes two-thirds of its revenue. Forward guidance indicates 7-8% net interest income growth by Q1 2027, suggesting a positive outlook.
Reported metrics
| Metric | Value |
|---|---|
| Net Interest Margin | 3.3% (positive) |
| Noninterest-bearing Deposits | $1 billion increase (positive) |
| Loan Growth | 2.5-3% (miss) |
| Net Interest Income Growth | 7-8% (positive) |
| Operating Leverage | 100-150 basis points (positive) |
| Capital Return | $300 million buyback (positive) |
Guidance from management
Management guided for 7-8% net interest income growth by Q1 2027 and 100-150 basis points of operating leverage in 2026. This suggests a positive outlook for revenue and efficiency improvements.
What management said
Yes. So because it's API-enabled, we are -- our ability to integrate automation and AI into the core to simplify our loan and deposit operations, as an example, is greatly enhanced. So we have a continuous flow of activities that we're automating into this core because it is structured the way it is. And so that's 1 of the biggest. I mentioned fraud is a big benefit, fraud detection. And again, being positioned for s...
We -- unfortunately, the answer is both. And we haven't quoted any of the stats related to that. So I think you'll hear us talk about that more in the second and third quarter, but we haven't quoted any statistics about new versus existing or conversions, et cetera, other than to say that we are pleased with it. And so I think that's kind of the situation on.
What analysts pressed on
Analysts expressed concerns about Zions' ability to achieve its loan growth targets, given the current 2.5-3% growth rate, which is below expectations. There were also questions about the competitive environment and how Zions plans to maintain its edge.
Main topics on the call
- Core Systems Conversion — Zions completed its core systems conversion, making it the only U.S. bank with real-time, API-enabled core systems. This is expected to enhance efficiency and fraud detection, and position the bank for digital currency i...
- Net Interest Margin Recovery — Net interest margin has recovered to 3.3% after past disruptions, indicating improved profitability. Management noted, 'Net interest margin now back up to 3.3%.'
- Growth in Small and Medium-Sized Business Banking — Zions is focusing on small and medium-sized businesses, which make up two-thirds of its revenue. The bank is expanding product offerings and increasing advertising spend. 'We're spending a lot of time talking about growt...
- Deposit Strategy — The bank is seeing growth in noninterest-bearing deposits and is focusing on lowering overall funding costs by attracting larger wholesale deposits. 'Noninterest-bearing deposits are up about $1 billion on average.'
Read the full Zions Bancorporation, National Association transcript (June 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Zions Bancorporation, National Association
Zions Bancorporation, National Association (ZION) is a publicly listed company in the Banks industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 61 calls on record spanning January 21, 2020 to July 20, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 61 Zions Bancorporation, National Association earnings call transcripts on record, spanning January 21, 2020 to July 20, 2026. Based on this history, Zions Bancorporation, National Association reports quarterly. The most recent call on file is dated July 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ZION
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 61
- First call
- January 21, 2020
- Most recent
- July 20, 2026
- Reporting cadence
- quarterly