Equity Profile

ZION

Zions Bancorporation, National Association

FinancialsRegional Banks$10.5B

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 retail 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 a diverse customer base.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$1.57

Revenue

Revenue growth is critical for assessing the bank's overall performance and ability to generate income.

$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, reflecting a positive reaction to the earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Zions to report solid earnings this quarter, with a consensus EPS of $1.57 and revenue of $876 million. The market is particularly focused on how the bank manages its loan portfolio and interest margins in a fluctuating economic environment.

Bull Case

If Zions can exceed the EPS estimate and show strong revenue growth, it may indicate robust demand for loans and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, if the bank reports lower-than-expected earnings or revenue, it could signal challenges in the current economic climate, leading to a negative reaction from investors.

Key Metrics to Watch

Earnings Per Share (EPS)

$1.57

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$876M

Revenue growth is critical for assessing the bank's overall performance and ability to generate income.

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 would reinforce the bank's profitability and could lead to a positive market reaction.

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

Revenue growth is crucial for assessing the bank's performance and future prospects, especially in the current economic environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent interest rate changes on Zions' loan portfolio, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Zions has a history of beating EPS estimates, with a 75% beat rate over the last eight quarters.

The options market is pricing in a significant move, indicating that investors expect volatility, which may not align with consensus views.

Key Risk

If the bank's revenue exceeds $900 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Zions can maintain its profitability amid economic pressures, and the upcoming earnings report will provide crucial insights.

Bull Confirmed If

An EPS above $1.62 would confirm the bull case, indicating strong financial health.

Bear Confirmed If

An EPS below $1.51 would confirm the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±13.45%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.

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 average one-day move of +0.23%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

A miss could lead to a decline, with history indicating an average one-day move of +1.01% when they miss, potentially signaling deeper issues.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality in the current economic environment.
2Management's commentary on interest margin trends and how they are navigating rate changes.
3Insights into customer demand for banking services and any shifts in consumer behavior.
4Guidance on future revenue expectations and how they plan to manage costs.
5Any commentary on competitive pressures in the regional banking sector.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$1.57

Revenue

Revenue growth is critical for assessing the bank's overall performance and ability to generate income.

$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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Zions can exceed the EPS estimate and show strong revenue growth, it may indicate robust demand for loans and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, if the bank reports lower-than-expected earnings or revenue, it could signal challenges in the current economic climate, leading to a negative reaction from investors.

Key Metrics to Watch

Earnings Per Share (EPS)

$1.57

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$876M

Revenue growth is critical for assessing the bank's overall performance and ability to generate income.

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 would reinforce the bank's profitability and could lead to a positive market reaction.

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

Revenue growth is crucial for assessing the bank's performance and future prospects, especially in the current economic environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent interest rate changes on Zions' loan portfolio, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Zions has a history of beating EPS estimates, with a 75% beat rate over the last eight quarters.

The options market is pricing in a significant move, indicating that investors expect volatility, which may not align with consensus views.

Key Risk

If the bank's revenue exceeds $900 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Zions can maintain its profitability amid economic pressures, and the upcoming earnings report will provide crucial insights.

Bull Confirmed If

An EPS above $1.62 would confirm the bull case, indicating strong financial health.

Bear Confirmed If

An EPS below $1.51 would confirm the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±13.45%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.

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 average one-day move of +0.23%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

A miss could lead to a decline, with history indicating an average one-day move of +1.01% when they miss, potentially signaling deeper issues.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality in the current economic environment.
2Management's commentary on interest margin trends and how they are navigating rate changes.
3Insights into customer demand for banking services and any shifts in consumer behavior.
4Guidance on future revenue expectations and how they plan to manage costs.
5Any commentary on competitive pressures in the regional banking sector.