I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 849 M.
EPS: As of FY2026 Q1, the actual value is USD 1.56.
EBIT: As of FY2026 Q1, the actual value is USD -375 M.
The provided reference, a Form 8-K filing by ZIONS BANCORPORATION, NATIONAL ASSOCIATION, indicates that the detailed financial and operational metrics were not contained within the text of the Form 8-K itself, but rather in furnished exhibits .
Net Earnings and Profitability
Net earnings for Zions Bancorporation, N.A. for the first quarter of 2026 were $232 million, compared to $169 million in the first quarter of 2025, and $262 million in the fourth quarter of 2025 . Net earnings to common were $232 million in 1Q26, a decrease of - $30 million (-11%) from the prior quarter but an increase of $63 million (37%) compared to the prior-year period . Diluted earnings per share (GAAP) for 1Q26 was $1.56, down - $0.20 (-11%) from 4Q25, but up $0.43 (38%) from 1Q25 . Pre-provision net revenue (PPNR) was $298 million, an 11% increase year-over-year . Adjusted PPNR reached $301 million, up 13% from the prior year . Adjusted pre-provision net revenue was $301 million in 1Q26, a decrease of - $30 million (-9%) from 4Q25, but an increase of $34 million (13%) from 1Q25 . Return on average tangible common equity was 15.5% in 1Q26, compared to 17.9% in 4Q25 and 13.4% in 1Q25 . Return on Assets was 1.05% and Return on Common Equity was 13.1% in 1Q26 .
Revenue and Net Interest Margin
Net interest income was $662 million, marking a 6% increase compared to the first quarter of 2025 . Net interest income for 1Q26 was $662 million, a decrease of $21 million (3%) from 4Q25, but an increase of $38 million (6%) from 1Q25 . Net interest margin (NIM) stood at 3.27% in the first quarter of 2026, an increase from 3.10% in the prior year period but a decrease from 3.31% in the prior quarter . The net interest margin was 3.27% in 1Q26, decreasing by -4 basis points from 4Q25, yet increasing by 17 basis points compared to 1Q25 . Total interest income was $996 million in 1Q26, down from $1,028 million in 1Q25 . Total interest expense was $334 million in 1Q26, down from $404 million in 1Q25 . Yield on interest-earning assets was 4.90% in 1Q26, compared to 5.08% in 1Q25 . Rate paid on total deposits and interest-bearing liabilities was 1.68% in 1Q26, down from 2.01% in 1Q25 . Cost of deposits was 1.48% in 1Q26, down from 1.76% in 1Q25 . The cost of total deposits was 1.48% in 1Q26, decreasing from 1.56% in 4Q25 and 1.76% in 1Q25 . Customer-related noninterest income increased by 9% to $172 million compared to the prior year period, driven by a $6 million increase in loan-related fees and income, a $3 million increase in retail and business banking fees, and a $3 million increase in commercial account fees . Total noninterest income was $187 million in 1Q26, up from $171 million in 1Q25 .
Operating Costs
Noninterest expense increased 4% to $562 million year-over-year . Adjusted noninterest expense increased 5% to $558 million . Salaries and employee benefits increased $19 million to $361 million, primarily due to higher incentive compensation accruals and increased base salaries and benefits costs . Professional and legal services expense rose by $7 million to $20 million . Technology, telecom, and information processing expense increased by $4 million to $74 million . These increases were partially offset by a $7 million decrease in deposit insurance and regulatory expense to $15 million . The efficiency ratio improved to 65.0% from 66.6% in the prior year quarter . The efficiency ratio was 65.0% in 1Q26, an increase of 270 basis points from 4Q25, but a decrease of -160 basis points from 1Q25 .
Loans and Credit Quality
Loans and leases totaled $61.3 billion, an increase of 2% compared to the prior year quarter, with commercial loans rising $860 million and consumer loans increasing $458 million . Average loans grew by an annualized rate of 2.4% versus 4Q25, and 2.5% versus 1Q25, reaching $61,141 million in 1Q26 . The provision for credit losses was - $7 million for the first quarter of 2026, compared to a positive $18 million in the prior year period . The provision for credit losses was - $7 million in 1Q26, compared to $6 million in 4Q25 and $18 million in 1Q25 . Net loan and lease charge-offs were $4 million, down from $16 million in the prior year quarter . The annualized ratio of net loan and lease charge-offs to average loans and leases was 0.03%, down from 0.11% in the prior year . Net charge-offs were 0.03% of loans (annualized) in 1Q26, down from 0.05% in 4Q25 and 0.11% in 1Q25 . Nonperforming assets were $292 million, or 0.48% of loans and leases and other real estate owned, down from $307 million, or 0.51% in the prior year . Non-performing assets (NPAs) as a percentage of loans plus OREO were 0.48% in 1Q26, with NPA balances decreasing - $28 million from 4Q25 . Classified loans decreased to $2.3 billion, or 3.80% of loans and leases, from $2.9 billion, or 4.82% in the prior year . Classified loans as a percentage of total loans were 3.80%, with balances decreasing - $48 million from 4Q25 . Criticized loans as a percentage of total loans were 4.61%, with balances decreasing - $39 million from 4Q25 . The allowance for credit losses (ACL) totaled $713 million, compared with $743 million at March 31, 2025 . The ratio of ACL to total loans and leases was 1.16% at March 31, 2026, compared with 1.24% at March 31, 2025 . The ACL was 1.16% of total loans and leases, a decrease of -3 basis points from the previous quarter . The ACL to nonaccrual loans ratio was 239% in 1Q26 .
Deposits and Borrowed Funds
Total deposits increased 2% to $76.9 billion year-over-year . Customer deposits (excluding brokered deposits) increased 3% to $73.1 billion . Average customer deposits declined by an annualized rate of -1.7% versus 4Q25, but increased by 2.3% versus 1Q25, totaling $71,706 million in 1Q26 . Period-end customer deposits grew $1.3 billion (+2%) linked quarter and $2.2 billion (+3%) versus the prior year . Noninterest-bearing demand deposits increased $2.3 billion, primarily due to a product migration . Brokered deposits decreased 20% to $3.8 billion . Brokered deposits declined - $42 million (-1%) linked quarter and - $976 million (-20%) versus the prior year . Short-term borrowings decreased 89% to $382 million . Short-term borrowings declined - $2.5 billion (-87%) linked quarter and - $2.8 billion (-88%) versus the prior year . Long-term debt increased 104% to $2.0 billion due to recent senior notes issuances . Long-term debt increased $500 million during the quarter due to the issuance of senior notes . Total borrowed funds decreased $1.8 billion, or 44%, compared with the prior year quarter .
Capital
Estimated CET1 capital was $8.1 billion, an increase of 9% from the prior year . The estimated CET1 capital ratio was 11.5%, up from 10.8% in the prior year . The Common Equity Tier 1 Capital Ratio was 11.5% in 1Q26, stable from 4Q25, and up from 10.8% in 1Q25 . Tangible book value per common share increased 19% to $41.75 . Total shareholders’ equity was $7,296 million in 1Q26, up from $6,327 million in 1Q25 . Accumulated other comprehensive income (loss) reflected a net loss of - $1,935 million, an improvement of $315 million compared to March 31, 2025 . Common shares outstanding decreased by 0.5 million from the first quarter of 2025 due to repurchases .
Outlook / Guidance
Zions Bancorporation, N.A. anticipates moderately increasing commercial loans, driven by C&I and Owner Occupied segments, with consumer loans expected to contract slightly . Net interest income growth is projected from earning asset remix and loan and deposit growth . Broad-based growth is expected for adjusted customer-related noninterest income, with capital markets contributing significantly, while adjusted noninterest expense is expected to face mild pressure from technology costs, increased marketing, and investments in revenue-generating businesses, but positive operating leverage is anticipated . Additionally, Zions Bancorporation, N.A. reached an agreement to acquire the agency lending business of Basis Multifamily Finance I, LLC, which is expected to expand its offerings for multifamily housing clients .