-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
After digesting Q1 earnings, we raise our 12-month target price by $2 to $82, 12.2x our 2027 EPS estimate, a premium to the peer average of 10.0x given solid balance sheet growth prospects. We increase our 2026 EPS estimate by $0.22 to $6.44 and raise 2027's by $0.19 to $6.74. Our 2026 and 2027 revenue projections are $3.5 billion and $3.7 billion, respectively. ZION has demonstrated strong market share gains in recent quarters, standing out as one of the few banks to achieve both loan and deposit growth for two consecutive quarters. While the company has been conservative with share buybacks, reducing shares outstanding by only 1% over three years, we anticipate more aggressive repurchases ahead. This shift is supported by three factors: credit concerns from 2025 have largely subsided, ZION maintains a robust capital position with a CET1 ratio of 11.5% that exceeds peer averages despite already strong credit metrics, and the regulatory environment is improving.