Equity Profile

ZION

Zions Bancorporation, National Association

FinancialsRegional Banks$10.3B

Jul20Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Zions Bancorporation is a regional bank that provides a range of financial services, including commercial and consumer banking. With a market cap of $10 billion, it plays a significant role in the financial sector, particularly in the western United States, where it serves various communities and businesses.

Key Metrics to Watch

EPS

Earnings per share is a crucial indicator of profitability and helps investors gauge the company's financial health.

$1.57

Revenue

Revenue figures provide insight into the company's overall sales performance and growth potential.

$876M

Wall Street expectations, options signals, track record, and call prep available with Pro.

ZION Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+9.57%

Avg Stock Reaction

+0.43%

Last Quarter Recap

In Q1 2026, Zions Bancorporation reported an EPS of $1.56, exceeding expectations by 9.24%. The stock saw a modest increase of 0.51% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Zions Bancorporation to report solid earnings, with a consensus EPS of $1.57 and revenue of $876 million. The market is watching closely for any signs of growth or challenges in the current economic environment.

Bull Case

If Zions can exceed EPS expectations and show strong revenue growth, it may indicate robust demand for its banking services, potentially boosting investor confidence.

Bear Case

Conversely, if the bank fails to meet earnings expectations or reports declining revenue, it could raise concerns about its market position and economic pressures.

Key Metrics to Watch

EPS

$1.57

Earnings per share is a crucial indicator of profitability and helps investors gauge the company's financial health.

Revenue

$876M

Revenue figures provide insight into the company's overall sales performance and growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $1.57?

A beat on EPS could signal strong operational performance and boost investor sentiment.

What is the outlook for revenue growth compared to the consensus of $876 million?

Revenue growth is critical for assessing the bank's ability to expand and compete in the market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent economic conditions on Zions' ability to maintain its earnings growth.

Supporting Evidence

The bank's previous EPS surprises indicate a potential for stronger performance than currently anticipated.

Options pricing suggests higher volatility than historical averages, indicating that traders expect significant movement.

Key Risk

If revenue growth falls short of $876 million, it could undermine the bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well Zions can navigate economic challenges and meet or exceed market expectations.

Bull Confirmed If

An EPS of $1.62 or higher would confirm strong earnings performance.

Bear Confirmed If

An EPS below $1.51 would raise concerns about the bank's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±13.45%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±13.5% while ZION has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.5%

Calls (8K)P/C Ratio: 1.59Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Zions beats expectations, history suggests a potential stock increase of around 0.23%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss on earnings could lead to a decline, with historical data suggesting an average drop of around 1.01%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on loan growth and demand for banking services.
2Insights into cost management and efficiency improvements.
3Updates on economic conditions affecting the banking sector.
4Management's outlook on future revenue growth.
5Any changes in guidance or strategic initiatives.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a crucial indicator of profitability and helps investors gauge the company's financial health.

$1.57

Revenue

Revenue figures provide insight into the company's overall sales performance and growth potential.

$876M

Wall Street expectations, options signals, track record, and call prep available with Pro.

ZION Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+9.57%

Avg Stock Reaction

+0.43%

Last Quarter Recap

In Q1 2026, Zions Bancorporation reported an EPS of $1.56, exceeding expectations by 9.24%. The stock saw a modest increase of 0.51% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Zions can exceed EPS expectations and show strong revenue growth, it may indicate robust demand for its banking services, potentially boosting investor confidence.

Bear Case

Conversely, if the bank fails to meet earnings expectations or reports declining revenue, it could raise concerns about its market position and economic pressures.

Key Metrics to Watch

EPS

$1.57

Earnings per share is a crucial indicator of profitability and helps investors gauge the company's financial health.

Revenue

$876M

Revenue figures provide insight into the company's overall sales performance and growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $1.57?

A beat on EPS could signal strong operational performance and boost investor sentiment.

What is the outlook for revenue growth compared to the consensus of $876 million?

Revenue growth is critical for assessing the bank's ability to expand and compete in the market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent economic conditions on Zions' ability to maintain its earnings growth.

Supporting Evidence

The bank's previous EPS surprises indicate a potential for stronger performance than currently anticipated.

Options pricing suggests higher volatility than historical averages, indicating that traders expect significant movement.

Key Risk

If revenue growth falls short of $876 million, it could undermine the bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well Zions can navigate economic challenges and meet or exceed market expectations.

Bull Confirmed If

An EPS of $1.62 or higher would confirm strong earnings performance.

Bear Confirmed If

An EPS below $1.51 would raise concerns about the bank's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±13.45%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±13.5% while ZION has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.5%

Calls (8K)P/C Ratio: 1.59Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Zions beats expectations, history suggests a potential stock increase of around 0.23%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss on earnings could lead to a decline, with historical data suggesting an average drop of around 1.01%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on loan growth and demand for banking services.
2Insights into cost management and efficiency improvements.
3Updates on economic conditions affecting the banking sector.
4Management's outlook on future revenue growth.
5Any changes in guidance or strategic initiatives.