
Zions Q3 2026: EPS $1.78 (+20%) on $684M NII as Credit Costs Vanish
Zions Q3 2026: EPS rose 20% to $1.78 as NII hit $684M, fee income jumped 18% and an $8M provision benefit replaced last year's $49M charge.
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Zions Q3 2026: EPS rose 20% to $1.78 as NII hit $684M, fee income jumped 18% and an $8M provision benefit replaced last year's $49M charge.

GAAP books losses now, gains only when realized: allowance reserves, inventory write-downs, ASC 450 contingencies, and where prudence becomes manipulation.

Annaly posted a $1.36 GAAP loss as rising rates marked down $4.72B of MBS, but distributable earnings of $0.80 covered the $0.75 dividend.

AppFolio Q3 FY2026 revenue rose 19% to $295.7M on 8% unit growth; GAAP operating income jumped 64% to $57.4M and full-year guidance rose to $1.122–1.127B.

Blackstone's Q3 2026 distributable earnings fell 9% to $1.7B as realized carry dropped 38%, while fee earnings grew 6% on $1.37T of AUM.

Bloom Energy Q3 FY2026 revenue rose 138% to $1.24B with $249M of GAAP net income; the risk is $793M of unbilled contract assets Q4 must turn into cash.

Comfort Systems USA's Q3 revenue jumped 54% to $3.77B on 46% same-store growth, with backlog hitting a record $17.8B on data-center demand.

Deckers' Q2 FY2027 sales rose 3.5% to a record $1.48B and EPS jumped 27% to $2.31 — but $0.28 came from a tariff refund and DTC comps fell 6.4%.

Element Solutions' Q3 2026 sales rose 52% to $995.3M on two deals; organic growth was 13%, Electronics +18% on AI demand, and the EBITDA guide rose to ~$720M.

Equity LifeStyle Q3 2026 normalized FFO rose 4.6% to $0.79 on 5.7% manufactured-housing rent growth; net income fell 11% to $89.3M on a $12.1M tax reserve.

Gentex's Q3 2026 sales fell 1% to $647.7M and guidance was cut — but North American auto revenue outgrew vehicle production by 800 bps on content gains.

Healthcare Services Group Q3 2026 revenue rose 3.3% to $479.6M and segment profit 45%; net income fell 42% to $24.9M against a $34.2M ERC-inflated 2025 base.