Business Context and Reporting Period
Company: Zions Bancorporation, National Association
Filing Type: Form 8-K (Current Report)
Date of Report: May 4, 2026
Reporting Period: Second Quarter 2026 (for the specific event reported)
Key Financial Metrics
This filing reports a specific transaction rather than full-period financial statements. Key metrics disclosed include:
- Transaction Proceeds: $215 million from the sale of Visa Inc. Class B-1 shares.
- Pre-tax Gain: Approximately $215 million recognized in the second quarter of 2026.
- Asset Sold: 460,153 Class B-1 shares of Visa Inc. acquired in 2007.
The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes
The primary material change is the divestiture of a long-held equity investment. The Bank sold its entire holding of 460,153 Visa Inc. Class B-1 shares, which were received in 2007 during a restructuring and public offering by Visa U.S.A. This transaction resulted in a significant one-time pre-tax gain for the quarter.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the execution of the sale on May 4, 2026, and the recognition of the gain in the second quarter of 2026.
Guidance and Outlook: The filing text does not provide updated financial guidance or forward-looking statements regarding future performance.
Risks and Contingencies: No specific risks or contingencies are detailed in this report beyond the standard disclosure of the transaction.
Investor Verification Checklist
- Verify the impact of the $215 million pre-tax gain on the Q2 2026 earnings per share (EPS) and net income.
- Confirm the tax implications of the gain to determine the after-tax impact on net income.
- Review the Q2 2026 earnings release to understand how this one-time item affects core operating metrics and non-GAAP measures.
- Assess whether the proceeds from the sale will be deployed for capital return, debt reduction, or new investments.