Zions Bancorporation: NII Upswing, More Upside In 2026

Zions Bancorporation (ZION) delivered a strong Q1 2026, with 37% year-over-year earnings growth driven by robust loan portfolio expansion and higher net interest income. ZION's growth was fueled by commercial and industrial lending, commercial real estate, and secured loans (HELOCs), alongside a 10% increase in fee-related income. ZION now trades at a 1.31X price-to-book, slightly below regional banking peers USB and PNC.