Zions Bancorporation, National Association(ZION)Earnings, Financials & Key Ratios

ZION•NASDAQ•Banking & Credit

$63.96

$9.46B mkt cap·12.9× P/E·Price updated May 6, 2026

SectorFinancial Services IndustryRegional Banks Sub-IndustryCommercial and middle-market focused banks

AboutZions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.Show more

Net Interest Income$2.43B-0.3%
Total Revenue$4.99B+8.0%
Net Income$784M+15.3%
Return on Equity13.27%+3.3%
Net Interest Margin2.74%-2.1%
Efficiency Ratio40.98%-9.6%
ROA0.89%+15.8%
Equity / Assets6.9%+5.7%
Book Value per Share41.60+8.0%
Tangible BV/Share34.45+9.9%
Debt/Equity0.71-10.7%

Technical→

ZION Key Insights

Zions Bancorporation, National Association (ZION) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 41.0% efficiency ratio
✓Healthy dividend yield of 2.6%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ZION Price & Volume

Zions Bancorporation, National Association (ZION) stock price & volume — 10-year historical chart

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ZION Growth Metrics

Zions Bancorporation, National Association (ZION) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.85%

5 Years9%

3 Years18.91%

TTM-

Profit CAGR

10 Years7%

5 Years-0.8%

3 Years-11.45%

TTM22.77%

EPS CAGR

10 Years11.21%

5 Years3.54%

3 Years-10%

TTM27.11%

Return on Capital

10 Years10.5%

5 Years11.55%

3 Years12.16%

Last Year11.65%

ZION Recent Earnings

Zions Bancorporation, National Association (ZION) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

Apr 20, 2026

EPS

$1.56

Est $1.43

+9.1%

Revenue

$849M

Est $856M

-0.8%

Q1 2026

Jan 20, 2026

EPS

$1.75

Est $1.57

+11.5%

Revenue

$891M

Est $865M

+3.0%

Q4 2025

Oct 20, 2025

EPS

$1.54

Est $1.46

+5.5%

Revenue

$861M

Est $843M

+2.1%

Q3 2025

Jul 21, 2025

EPS

$1.58

Est $1.31

+20.6%

Revenue

$838M

Est $811M

+3.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 20, 2026	$1.56vs $1.43+9.1%	$849Mvs $856M-0.8%
Q1 2026	Jan 20, 2026	$1.75vs $1.57+11.5%	$891Mvs $865M+3.0%
Q4 2025	Oct 20, 2025	$1.54vs $1.46+5.5%	$861Mvs $843M+2.1%
Q3 2025	Jul 21, 2025	$1.58vs $1.31+20.6%	$838Mvs $811M+3.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Return on Equity (ROE)	Debt / Equity
CFGCitizens Financial Group, Inc.Direct Competitor	28.31B	65.62	21.66	1.31%	6.6%	0.51
HBANHuntington Bancshares IncorporatedDirect Competitor	26.34B	16.64	11.97	4.38%	10.04%	0.76
RFRegions Financial CorporationDirect Competitor	24.49B	28.21	12.32	2.51%	11.29%	0.26
FITBFifth Third BancorpDirect Competitor	34.06B	50.84	16.19	5.62%	11.43%	0.97
KEYKeyCorpDirect Competitor	24.51B	22.23	14.63	23.56%	8.97%	0.54
CMAComerica IncorporatedDirect Competitor	11.35B	88.67	16.76	-3.91%	9.38%	0.70
FHNFirst Horizon CorporationDirect Competitor	12.16B	25.07	13.34	0.97%	10.74%	0.50
WFCWells Fargo & CompanyProduct Competitor	248.64B	80.40	14.97	8.72%	11.51%	1.56

Compare ZION vs Peers

Zions Bancorporation, National Association (ZION) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CFG

Most directly comparable listed peer for ZION.

Scale Benchmark

vs JPM

Larger-name benchmark to compare ZION against a more recognizable public peer.

Peer Set

Compare Top 5

vs CFG, HBAN, RF, FITB

ZION Income Statement

Zions Bancorporation, National Association (ZION) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Net Interest Income	1.87B	2.06B	2.23B	2.27B	2.22B	2.21B	2.52B	2.44B	2.43B	2.57B
NII Growth %	8.86%	10.61%	7.99%	1.88%	-2.46%	-0.36%	14.13%	-3.25%	-0.33%	30.96%
Net Interest Margin %	2.95%	3.12%	3.24%	3.28%	2.72%	2.37%	2.81%	2.8%	2.74%	2.9%
Interest Income	1.95B	2.19B	2.48B	2.68B	2.37B	2.27B	2.71B	3.95B	4.29B	4.21B
Interest Expense	87M	127M	251M	411M	152M	59M	185M	1.51B	1.86B	1.63B
Loan Loss Provision	93M	17M	-40M	39M	414M	-276M	122M	132M	72M	107M
Non-Interest Income	516M	544M	552M	562M	574M	703M	632M	677M	700M	743M
Non-Interest Income %	20.89%	19.88%	18.2%	17.32%	19.51%	23.67%	18.94%	14.64%	14.02%	15.02%
Total Revenue	2.47B▲ 0%	2.74B▲ 10.8%	3.03B▲ 10.9%	3.25B▲ 7.0%	2.94B▼ 9.3%	2.97B▲ 1.0%	3.34B▲ 12.4%	4.62B▲ 38.6%	4.99B▲ 8.0%	4.95B▲ 0%
Revenue Growth %	12.79%	10.77%	10.86%	6.99%	-9.34%	0.95%	12.36%	38.57%	7.98%	2.77%
Non-Interest Expense	1.58B	1.66B	1.68B	1.74B	1.7B	1.74B	1.88B	2.1B	2.05B	2.1B
Efficiency Ratio	64.17%	60.53%	55.36%	53.68%	57.92%	58.62%	56.28%	45.35%	40.98%	42.46%
Operating Income	705M▲ 0%	936M▲ 32.8%	1.14B▲ 22.1%	1.05B▼ 7.9%	672M▼ 36.2%	1.45B▲ 115.2%	1.15B▼ 20.3%	886M▼ 23.1%	1.01B▲ 14.2%	1.11B▲ 0%
Operating Margin %	28.54%	34.21%	37.69%	32.45%	22.84%	48.69%	34.52%	19.16%	20.27%	22.35%
Operating Income Growth %	56.32%	32.77%	22.12%	-7.87%	-36.18%	115.18%	-20.33%	-23.09%	14.22%	-
Pretax Income	705M▲ 0%	936M▲ 32.8%	1.14B▲ 22.1%	1.05B▼ 7.9%	672M▼ 36.2%	1.45B▲ 115.2%	1.15B▼ 20.3%	886M▼ 23.1%	1.01B▲ 14.2%	1.11B▲ 0%
Pretax Margin %	28.54%	34.21%	37.69%	32.45%	22.84%	48.69%	34.52%	19.16%	20.27%	22.35%
Income Tax	236M	344M	259M	237M	133M	317M	245M	206M	228M	254M
Effective Tax Rate %	33.48%	36.75%	22.66%	22.51%	19.79%	21.92%	21.27%	23.25%	22.53%	22.97%
Net Income	469M▲ 0%	592M▲ 26.2%	884M▲ 49.3%	816M▼ 7.7%	539M▼ 33.9%	1.13B▲ 109.5%	907M▼ 19.7%	680M▼ 25.0%	784M▲ 15.3%	852M▲ 0%
Net Margin %	18.99%	21.64%	29.15%	25.15%	18.32%	38.01%	27.18%	14.71%	15.7%	17.22%
Net Income Growth %	51.78%	26.23%	49.32%	-7.69%	-33.95%	109.46%	-19.66%	-25.03%	15.29%	22.77%
Net Income (Continuing)	469M	592M	884M	816M	539M	1.13B	907M	680M	784M	852M
EPS (Diluted)	1.99▲ 0%	2.60▲ 30.7%	4.08▲ 56.9%	4.16▲ 2.0%	3.03▼ 27.2%	6.79▲ 124.1%	5.79▼ 14.7%	4.35▼ 24.9%	4.95▲ 13.8%	5.79▲ 0%
EPS Growth %	65.83%	30.65%	56.92%	1.96%	-27.16%	124.09%	-14.73%	-24.87%	13.79%	27.11%
EPS (Basic)	2.00	2.71	4.36	4.41	3.06	6.80	5.80	4.35	4.95	-
Diluted Shares Outstanding	204.27M	209.65M	206.5M	186.5M	165.61M	160.23M	150.27M	147.76M	147.22M	147.13M

ZION Balance Sheet

Zions Bancorporation, National Association (ZION) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash & Short Term Investments	15.52B	16.49B	15.97B	15.17B	17.35B	34.93B	13.91B	12.5B	12.63B	48.77B
Cash & Due from Banks	2.15B	1.33B	1.23B	1.45B	1.62B	10.88B	2B	2.2B	3.5B	3.17B
Short Term Investments	13.37B	15.16B	14.74B	13.72B	15.73B	24.05B	11.91B	10.3B	9.13B	9.2B
Total Investments	56.43B	60.24B	61.84B	62.65B	69.1B	74.89B	78.03B	77.77B	77.51B	78.1B
Investments Growth %	15.66%	6.76%	2.65%	1.31%	10.3%	8.37%	4.2%	-0.34%	-0.33%	2.78%
Long-Term Investments	43.06B	45.08B	47.1B	48.92B	53.37B	50.84B	66.12B	67.47B	68.38B	275.59B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles	1.02B	1.02B	1.01B	1.01B	1.02B	1.01B	1.06B	1.06B	1.05B	1.09B
Goodwill	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B	1.03B	1.03B	1.03B	1.09B
Intangible Assets	8.42M	2M	1M	0	2M	1M	38M	32M	25M	0
PP&E (Net)	1.02B	1.09B	1.12B	1.14B	1.21B	1.32B	1.41B	1.4B	1.37B	1.36B
Other Assets	2.2B	2.24B	3.21B	2.58B	8.22B	4.78B	6.66B	4.39B	4.97B	4.47B
Total Current Assets	15.94B	16.86B	16.3B	15.51B	17.67B	35.25B	14.3B	12.89B	13.01B	12.71B
Total Non-Current Assets	47.3B	49.43B	52.45B	53.66B	63.81B	57.95B	75.25B	74.32B	75.77B	75.82B
Total Assets	63.24B▲ 0%	66.29B▲ 4.8%	68.75B▲ 3.7%	69.17B▲ 0.6%	81.48B▲ 17.8%	93.2B▲ 14.4%	89.55B▼ 3.9%	87.2B▼ 2.6%	88.78B▲ 1.8%	88.53B▲ 0%
Asset Growth %	5.99%	4.82%	3.71%	0.62%	17.79%	14.39%	-3.92%	-2.62%	1.8%	6.07%
Return on Assets (ROA)	0.76%	0.91%	1.31%	1.18%	0.72%	1.29%	0.99%	0.77%	0.89%	0.96%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt	1.36B	5.36B	6.38B	3.78B	2.91B	1.92B	11.07B	4.54B	4.37B	5.23B
Net Debt	-786M	4.03B	5.14B	2.33B	1.29B	-8.96B	9.07B	2.34B	866M	2.06B
Long-Term Debt	534M	382M	724M	1.72B	1.33B	1.01B	647M	538M	946M	1.47B
Short-Term Debt	827M	4.98B	5.65B	2.05B	1.57B	903M	10.42B	4B	3.42B	3.76B
Other Liabilities	1.01B	629M	690M	958M	1.03B	1.03B	1.93B	2.01B	2.06B	1.56B
Total Current Liabilities	54.06B	57.6B	59.75B	59.14B	71.22B	83.69B	82.07B	78.96B	79.64B	78.64B
Total Non-Current Liabilities	1.54B	1.01B	1.41B	2.68B	2.37B	2.04B	2.58B	2.55B	3.01B	3.03B
Total Liabilities	55.6B	58.61B	61.17B	61.82B	73.59B	85.74B	84.65B	81.51B	82.65B	81.67B
Total Equity	7.63B▲ 0%	7.68B▲ 0.6%	7.58B▼ 1.3%	7.35B▼ 3.0%	7.89B▲ 7.2%	7.46B▼ 5.4%	4.89B▼ 34.4%	5.69B▲ 16.3%	6.12B▲ 7.6%	6.87B▲ 0%
Equity Growth %	1.68%	0.59%	-1.32%	-2.97%	7.25%	-5.36%	-34.44%	16.31%	7.61%	33.15%
Equity / Assets (Capital Ratio)	12.07%	11.58%	11.02%	10.63%	9.68%	8.01%	5.46%	6.53%	6.9%	7.75%
Return on Equity (ROE)	6.19%	7.73%	11.59%	10.93%	7.07%	14.71%	14.68%	12.85%	13.27%	12.41%
Book Value per Share	37.37	36.63	36.70	39.43	47.62	46.58	32.56	38.52	41.60	46.66
Tangible BV per Share	32.37	31.78	31.78	33.99	41.48	40.24	25.47	31.35	34.45	39.23
Common Stock	4.72B	4.45B	3.81B	2.73B	2.69B	1.93B	1.75B	1.73B	1.74B	1.72B
Additional Paid-in Capital	0	0	3.81B	0	0	0	0	0	0	0
Retained Earnings	2.32B	2.81B	3.46B	4.01B	4.31B	5.17B	5.81B	6.21B	6.7B	7.13B
Accumulated OCI	-122M	-139M	-4.06B	43M	325M	-80M	-3.11B	-2.69B	-2.38B	-2.06B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	710M	566M	566M	566M	566M	440M	440M	440M	66M	66M

ZION Cash Flow Statement

Zions Bancorporation, National Association (ZION) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	596.07M	928M	1.18B	697M	719M	629M	1.47B	885M	1.15B	1.15B
Operating CF Growth %	28.46%	55.69%	26.72%	-40.73%	3.16%	-12.52%	133.7%	-39.8%	29.72%	422.97%
Net Income	469.05M	592M	884M	816M	539M	1.13B	907M	680M	784M	852M
Depreciation & Amortization	123.09M	179M	193M	188M	86M	-14M	110M	140M	124M	116M
Deferred Taxes	-8M	154M	0	-2M	-58M	32M	-43M	-9M	-7M	30M
Other Non-Cash Items	61M	-26M	-66M	21M	385M	-388M	76M	189M	37M	39M
Working Capital Changes	-75M	4M	139M	-353M	-259M	-158M	390M	-148M	177M	1M
Cash from Investing	-3.44B	-3.92B	-2.71B	375M	-12.2B	-11.58B	1.41B	2.37B	-1.64B	-977M
Purchase of Investments	-5.03B	-5.04B	-4.08B	-2.07B	-12.19B	-19.49B	-6.53B	-707M	-2.89B	-3.45B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	4M
Net Investment Activity	-5.03B	-5.04B	-4.08B	-2.07B	-12.19B	-19.49B	-6.53B	-706M	-2.89B	-3.44B
Acquisitions	0	0	0	0	0	0	318M	0	0	1000K
Other Investing	-2.08B	-2.12B	-1.94B	-1.96B	-4.64B	2.85B	-4.6B	-2.12B	-1.72B	-1.14B
Cash from Financing	2.78B	2.8B	1.6B	-981M	11.32B	11B	-2.81B	-3.2B	427M	-438M
Dividends Paid	-108M	-129M	-236M	-260M	-259M	-261M	-269M	-282M	-289M	-273M
Share Repurchases	-223M	-465M	-672M	-1.1B	-76M	-926M	-202M	-51M	-410M	-416M
Stock Issued	25.07M	25M	20M	14M	8M	21M	9M	3M	10M	19M
Net Stock Activity	-197.93M	-440M	-652M	-1.09B	-68M	-905M	-193M	-48M	-400M	-397M
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	0
Other Financing	2.89B	-625M	1.47B	2.98B	12.56B	13.12B	-11.57B	3.3B	1.25B	-1.51B
Net Change in Cash	-61M▲ 0%	-189M▼ 209.8%	66M▲ 134.9%	91M▲ 37.9%	-162M▼ 278.0%	52M▲ 132.1%	62M▲ 19.2%	59M▼ 4.8%	-65M▼ 210.2%	-343M▲ 0%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	798.32M	737M	548M	614M	705M	543M	595M	657M	716M	780M
Cash at End	737.33M	548M	614M	705M	543M	595M	657M	716M	651M	771M
Interest Paid	83M	118M	237M	401M	195M	81M	160M	1.37B	1.91B	1.68B
Income Taxes Paid	214M	246M	207M	233M	169M	442M	21M	255M	192M	132M
Free Cash Flow	400.4M▲ 0%	759M▲ 89.6%	1.05B▲ 37.9%	580M▼ 44.6%	548M▼ 5.5%	423M▼ 22.8%	1.28B▲ 202.6%	772M▼ 39.7%	1.05B▲ 36.1%	961M▲ 0%
FCF Growth %	30.42%	89.56%	37.94%	-44.6%	-5.52%	-22.81%	202.6%	-39.69%	36.14%	233.68%

ZION Banking Ratios

Zions Bancorporation, National Association (ZION) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	6.19%	7.73%	11.59%	10.93%	7.07%	14.71%	14.68%	12.85%	13.27%	12.41%
Return on Assets (ROA)	0.76%	0.91%	1.31%	1.18%	0.72%	1.29%	0.99%	0.77%	0.89%	0.96%
Net Interest Margin	2.95%	3.12%	3.24%	3.28%	2.72%	2.37%	2.81%	2.8%	2.74%	2.9%
Efficiency Ratio	64.17%	60.53%	55.36%	53.68%	57.92%	58.62%	56.28%	45.35%	40.98%	42.46%
Equity / Assets	12.07%	11.58%	11.02%	10.63%	9.68%	8.01%	5.46%	6.53%	6.9%	7.75%
Book Value / Share	37.37	36.63	36.7	39.43	47.62	46.58	32.56	38.52	41.6	46.66
NII Growth	8.86%	10.61%	7.99%	1.88%	-2.46%	-0.36%	14.13%	-3.25%	-0.33%	7.75%
Dividend Payout	23.03%	21.79%	26.7%	31.86%	48.05%	23.12%	29.66%	41.47%	31.63%	32.04%

ZION SEC Filings & Documents

Zions Bancorporation, National Association (ZION) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 20, 2026·SEC

Material company update

Jan 20, 2026·SEC

Material company update

Dec 22, 2025·SEC

10-K Annual Reports

FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

ZION Frequently Asked Questions

Zions Bancorporation, National Association (ZION) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Zions Bancorporation, National Association (ZION) grew revenue by 8.0% over the past year. This is steady growth.

Yes, Zions Bancorporation, National Association (ZION) is profitable, generating $852.0M in net income for fiscal year 2024 (15.7% net margin).

Dividend & Returns

Yes, Zions Bancorporation, National Association (ZION) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.

Zions Bancorporation, National Association (ZION) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

Industry Metrics

Zions Bancorporation, National Association (ZION) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Zions Bancorporation, National Association (ZION) has an efficiency ratio of 41.0%. This is excellent, indicating strong cost control.

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Zions Bancorporation, National Association (ZION) financial analysis — history, returns, DCA and operating performance tools

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