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Zions Bancorporation, National Association(ZION)Earnings, Financials & Key Ratios
ZION•NASDAQ•Banking & Credit
11.0× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryRegional BanksSub-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$2.63B+8.1%
- Total Revenue$4.94B-1.0%
- Net Income$899M+14.7%
- Return on Equity13.51%+1.8%
- Net Interest Margin2.95%+7.8%
- Efficiency Ratio43.28%+5.6%
- ROA1.01%+13.5%
- Equity / Assets8.07%+17.0%
- Book Value per Share48.79+17.3%
ZION Key Insights
Zions Bancorporation, National Association (ZION) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓Efficient operations: 43.3% efficiency ratio
- ✓13 consecutive years of dividend growth
- ✓Healthy dividend yield of 2.7%
- ✓Trading near 52-week high
- ✓Trading at only 1.4x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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 Years8.48%
5 Years10.94%
3 Years14%
TTM-
Profit CAGR
10 Years11.27%
5 Years10.77%
3 Years-0.29%
TTM14.67%
EPS CAGR
10 Years17.48%
5 Years14.68%
3 Years1.25%
TTM21.41%
Return on Capital
10 Years11.2%
5 Years12.62%
3 Years11.64%
Last Year11.98%
ZION Recent Earnings
Zions Bancorporation, National Association (ZION) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 20, 2026Metric
Actual
Est
EPS
$1.56+9.1%
$1.43
Rev
$849M-0.8%
$856M
Q1 2026
Jan 20, 2026Metric
Actual
Est
EPS
$1.75+11.5%
$1.57
Rev
$891M+3.0%
$865M
Q4 2025
Oct 20, 2025Metric
Actual
Est
EPS
$1.54+5.5%
$1.46
Rev
$861M+2.1%
$843M
Q3 2025
Jul 21, 2025Metric
Actual
Est
EPS
$1.58+20.6%
$1.31
Rev
$838M+3.3%
$811M
| 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 →
ZION Peer Comparison
Zions Bancorporation, National Association (ZION) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CFG | 29.21B | 67.08 | 17.38 | -9.71% | 16.42% | 7.16% | 0.43 | |
 HBAN | 26.69B | 16.86 | 12.13 | 4.38% | 17.71% | 10.04% | 0.76 | |
 RF | 25.19B | 28.62 | 12.50 | 2.51% | 22.44% | 11.43% | 0.26 | |
 FITB | 35.29B | 52.74 | 14.90 | -1.4% | 19.61% | 11.96% | 0.67 | |
 KEY | 24.74B | 22.59 | 14.86 | 23.56% | 16.35% | 9.26% | 0.54 | |
 CMA | 11.35B | 88.67 | 16.76 | -3.91% | 15.07% | 9.96% | 0.70 | |
 FHN | 12.31B | 24.81 | 13.20 | 0.97% | 19.99% | 10.71% | 0.50 | |
 WFC | 264.5B | 82.21 | 13.01 | -1.49% | 17.27% | 11.66% | 2.33 |
Compare ZION vs Peers
Zions Bancorporation, National Association (ZION) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZION Income Statement
Zions Bancorporation, National Association (ZION) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 2.06B | 2.23B | 2.27B | 2.22B | 2.21B | 2.52B | 2.44B | 2.43B | 2.63B |
NII Growth % | 10.61% | 7.99% | 1.88% | -2.46% | -0.36% | 14.13% | -3.25% | -0.33% | 8.11% |
Net Interest Margin % | 3.12% | 3.24% | 3.28% | 2.72% | 2.37% | 2.81% | 2.8% | 2.74% | 2.95% |
Interest Income | 2.19B | 2.48B | 2.68B | 2.37B | 2.27B | 2.71B | 3.95B | 4.29B | 4.18B |
Interest Expense | 127M | 251M | 411M | 152M | 59M | 185M | 1.51B | 1.86B | 1.56B |
Loan Loss Provision | 17M | -40M | 39M | 414M | -276M | 122M | 132M | 72M | 72M |
Non-Interest Income | 544M | 552M | 562M | 574M | 703M | 632M | 677M | 700M | 760M |
Non-Interest Income % | 19.88% | 18.2% | 17.32% | 19.51% | 23.67% | 18.94% | 14.64% | 14.02% | 15.37% |
Total Revenue | 2.74B▲ 0% | 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% | 4.94B▼ 1.0% |
Revenue Growth % | 10.77% | 10.86% | 6.99% | -9.34% | 0.95% | 12.36% | 38.57% | 7.98% | -0.98% |
Non-Interest Expense | 1.66B | 1.68B | 1.74B | 1.7B | 1.74B | 1.88B | 2.1B | 2.05B | 2.14B |
Efficiency Ratio | 60.53% | 55.36% | 53.68% | 57.92% | 58.62% | 56.28% | 45.35% | 40.98% | 43.28% |
Operating Income | 936M▲ 0% | 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% | 1.18B▲ 16.1% |
Operating Margin % | 34.21% | 37.69% | 32.45% | 22.84% | 48.69% | 34.52% | 19.16% | 20.27% | 23.77% |
Operating Income Growth % | 32.77% | 22.12% | -7.87% | -36.18% | 115.18% | -20.33% | -23.09% | 14.22% | 16.11% |
Pretax Income | 936M▲ 0% | 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% | 1.18B▲ 16.1% |
Pretax Margin % | 34.21% | 37.69% | 32.45% | 22.84% | 48.69% | 34.52% | 19.16% | 20.27% | 23.77% |
Income Tax | 344M | 259M | 237M | 133M | 317M | 245M | 206M | 228M | 276M |
Effective Tax Rate % | 36.75% | 22.66% | 22.51% | 19.79% | 21.92% | 21.27% | 23.25% | 22.53% | 23.49% |
Net Income | 592M▲ 0% | 884M▲ 49.3% | 816M▼ 7.7% | 539M▼ 33.9% | 1.13B▲ 109.5% | 907M▼ 19.7% | 680M▼ 25.0% | 784M▲ 15.3% | 899M▲ 14.7% |
Net Margin % | 21.64% | 29.15% | 25.15% | 18.32% | 38.01% | 27.18% | 14.71% | 15.7% | 18.18% |
Net Income Growth % | 26.23% | 49.32% | -7.69% | -33.95% | 109.46% | -19.66% | -25.03% | 15.29% | 14.67% |
Net Income (Continuing) | 592M | 884M | 816M | 539M | 1.13B | 907M | 680M | 784M | 899M |
EPS (Diluted) | 2.60▲ 0% | 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% | 6.01▲ 21.4% |
EPS Growth % | 30.65% | 56.92% | 1.96% | -27.16% | 124.09% | -14.73% | -24.87% | 13.79% | 21.41% |
EPS (Basic) | 2.71 | 4.36 | 4.41 | 3.06 | 6.80 | 5.80 | 4.35 | 4.95 | 6.08 |
Diluted Shares Outstanding | 209.65M | 206.5M | 186.5M | 165.61M | 160.23M | 150.27M | 147.76M | 147.22M | 147.16M |
ZION Balance Sheet
Zions Bancorporation, National Association (ZION) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 16.49B | 15.97B | 15.17B | 17.35B | 34.93B | 13.91B | 12.5B | 12.63B | 12.18B |
Cash & Due from Banks | 1.33B | 1.23B | 1.45B | 1.62B | 10.88B | 2B | 2.2B | 3.5B | 2.88B |
Short Term Investments | 15.16B | 14.74B | 13.72B | 15.73B | 24.05B | 11.91B | 10.3B | 9.13B | 9.29B |
Total Investments | 60.24B | 61.84B | 62.65B | 69.1B | 74.89B | 78.03B | 77.77B | 77.51B | 78.61B |
Investments Growth % | 6.76% | 2.65% | 1.31% | 10.3% | 8.37% | 4.2% | -0.34% | -0.33% | 1.43% |
Long-Term Investments | 45.08B | 47.1B | 48.92B | 53.37B | 50.84B | 66.12B | 67.47B | 68.38B | 69.32B |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 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 | 1.03B | 1.03B | 1.03B | 1.06B |
Intangible Assets | 2M | 1M | 0 | 2M | 1M | 38M | 32M | 25M | 31M |
PP&E (Net) | 1.09B | 1.12B | 1.14B | 1.21B | 1.32B | 1.41B | 1.4B | 1.37B | 1.36B |
Other Assets | 2.24B | 3.21B | 2.58B | 8.22B | 4.78B | 6.66B | 4.39B | 4.97B | 5.04B |
Total Current Assets | 16.86B | 16.3B | 15.51B | 17.67B | 35.25B | 14.3B | 12.89B | 13.01B | 12.18B |
Total Non-Current Assets | 49.43B | 52.45B | 53.66B | 63.81B | 57.95B | 75.25B | 74.32B | 75.77B | 76.81B |
Total Assets | 66.29B▲ 0% | 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% | 88.99B▲ 0.2% |
Asset Growth % | 4.82% | 3.71% | 0.62% | 17.79% | 14.39% | -3.92% | -2.62% | 1.8% | 0.24% |
Return on Assets (ROA) | 0.91% | 1.31% | 1.18% | 0.72% | 1.29% | 0.99% | 0.77% | 0.89% | 1.01% |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 5.36B | 6.38B | 3.78B | 2.91B | 1.92B | 11.07B | 4.54B | 4.37B | 4.34B |
Net Debt | 4.03B | 5.14B | 2.33B | 1.29B | -8.96B | 9.07B | 2.34B | 866M | 1.46B |
Long-Term Debt | 382M | 724M | 1.72B | 1.33B | 1.01B | 647M | 538M | 946M | 1.47B |
Short-Term Debt | 4.98B | 5.65B | 2.05B | 1.57B | 903M | 10.42B | 4B | 3.42B | 2.87B |
Other Liabilities | 629M | 690M | 958M | 1.03B | 1.03B | 1.93B | 2.01B | 2.06B | 1.82B |
Total Current Liabilities | 57.6B | 59.75B | 59.14B | 71.22B | 83.69B | 82.07B | 78.96B | 79.64B | 78.52B |
Total Non-Current Liabilities | 1.01B | 1.41B | 2.68B | 2.37B | 2.04B | 2.58B | 2.55B | 3.01B | 3.29B |
Total Liabilities | 58.61B | 61.17B | 61.82B | 73.59B | 85.74B | 84.65B | 81.51B | 82.65B | 81.81B |
Total Equity | 7.68B▲ 0% | 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% | 7.18B▲ 17.2% |
Equity Growth % | 0.59% | -1.32% | -2.97% | 7.25% | -5.36% | -34.44% | 16.31% | 7.61% | 17.24% |
Equity / Assets (Capital Ratio) | 11.58% | 11.02% | 10.63% | 9.68% | 8.01% | 5.46% | 6.53% | 6.9% | 8.07% |
Return on Equity (ROE) | 7.73% | 11.59% | 10.93% | 7.07% | 14.71% | 14.68% | 12.85% | 13.27% | 13.51% |
Book Value per Share | 36.63 | 36.70 | 39.43 | 47.62 | 46.58 | 32.56 | 38.52 | 41.60 | 48.79 |
Tangible BV per Share | 31.78 | 31.78 | 33.99 | 41.48 | 40.24 | 25.47 | 31.35 | 34.45 | 41.38 |
Common Stock | 4.45B | 3.81B | 2.73B | 2.69B | 1.93B | 1.75B | 1.73B | 1.74B | 1.73B |
Additional Paid-in Capital | 0 | 3.81B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 2.81B | 3.46B | 4.01B | 4.31B | 5.17B | 5.81B | 6.21B | 6.7B | 7.33B |
Accumulated OCI | -139M | -4.06B | 43M | 325M | -80M | -3.11B | -2.69B | -2.38B | -1.94B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 928M | 1.18B | 697M | 719M | 629M | 1.47B | 885M | 1.15B | 1.1B |
Operating CF Growth % | 55.69% | 26.72% | -40.73% | 3.16% | -12.52% | 133.7% | -39.8% | 29.72% | -4.01% |
Net Income | 592M | 884M | 816M | 539M | 1.13B | 907M | 680M | 784M | 899M |
Depreciation & Amortization | 179M | 193M | 188M | 86M | -14M | 110M | 140M | 124M | 116M |
Deferred Taxes | 154M | 0 | -2M | -58M | 32M | -43M | -9M | -7M | 47M |
Other Non-Cash Items | -26M | -66M | 21M | 385M | -388M | 76M | 189M | 37M | 29M |
Working Capital Changes | 4M | 139M | -353M | -259M | -158M | 390M | -148M | 177M | -24M |
Cash from Investing | -3.92B | -2.71B | 375M | -12.2B | -11.58B | 1.41B | 2.37B | -1.64B | 709M |
Purchase of Investments | -5.04B | -4.08B | -2.07B | -12.19B | -19.49B | -6.53B | -707M | -2.89B | -1.39B |
Sale/Maturity of Investments | 3.41B | 3.44B | 4.52B | 4.8B | 5.27B | 12.4B | 5.31B | 3.06B | 3.3B |
Net Investment Activity | -1.63B | -640M | 2.45B | -7.39B | -14.22B | 5.88B | 4.6B | 172M | 1.91B |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 318M | 0 | 0 | 191M |
Other Investing | -2.12B | -1.94B | -1.96B | -4.64B | 2.85B | -4.6B | -2.12B | -1.72B | -1.27B |
Cash from Financing | 2.8B | 1.6B | -981M | 11.32B | 11B | -2.81B | -3.2B | 427M | -1.78B |
Dividends Paid | -129M | -236M | -260M | -259M | -261M | -269M | -282M | -289M | -267M |
Share Repurchases | -465M | -672M | -1.1B | -76M | -926M | -202M | -51M | -410M | -41M |
Stock Issued | 25M | 20M | 14M | 8M | 21M | 9M | 3M | 10M | 6M |
Net Stock Activity | -440M | -652M | -1.09B | -68M | -905M | -193M | -48M | -400M | -35M |
Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K |
Other Financing | -625M | 1.47B | 2.98B | 12.56B | 13.12B | -11.57B | 3.3B | 1.25B | -1.25B |
Net Change in Cash | -189M▲ 0% | 66M▲ 134.9% | 91M▲ 37.9% | -162M▼ 278.0% | 52M▲ 132.1% | 62M▲ 19.2% | 59M▼ 4.8% | -65M▼ 210.2% | 0▲ 100.0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32M |
Cash at Beginning | 737M | 548M | 614M | 705M | 543M | 595M | 657M | 716M | 0 |
Cash at End | 548M | 614M | 705M | 543M | 595M | 657M | 716M | 651M | 0 |
Interest Paid | 118M | 237M | 401M | 195M | 81M | 160M | 1.37B | 1.91B | 0 |
Income Taxes Paid | 246M | 207M | 233M | 169M | 442M | 21M | 255M | 192M | 0 |
Free Cash Flow | 759M▲ 0% | 1.05B▲ 37.9% | 580M▼ 44.6% | 548M▼ 5.5% | 423M▼ 22.8% | 1.28B▲ 202.6% | 772M▼ 39.7% | 1.05B▲ 36.1% | 981M▼ 6.7% |
FCF Growth % | 89.56% | 37.94% | -44.6% | -5.52% | -22.81% | 202.6% | -39.69% | 36.14% | -6.66% |
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 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 6.19% | 7.73% | 11.59% | 10.93% | 7.07% | 14.71% | 14.68% | 12.85% | 13.27% | 13.51% |
Return on Assets (ROA) | 0.76% | 0.91% | 1.31% | 1.18% | 0.72% | 1.29% | 0.99% | 0.77% | 0.89% | 1.01% |
Net Interest Margin | 2.95% | 3.12% | 3.24% | 3.28% | 2.72% | 2.37% | 2.81% | 2.8% | 2.74% | 2.95% |
Efficiency Ratio | 64.17% | 60.53% | 55.36% | 53.68% | 57.92% | 58.62% | 56.28% | 45.35% | 40.98% | 43.28% |
Equity / Assets | 12.07% | 11.58% | 11.02% | 10.63% | 9.68% | 8.01% | 5.46% | 6.53% | 6.9% | 8.07% |
Book Value / Share | 37.37 | 36.63 | 36.7 | 39.43 | 47.62 | 46.58 | 32.56 | 38.52 | 41.6 | 48.79 |
NII Growth | 8.86% | 10.61% | 7.99% | 1.88% | -2.46% | -0.36% | 14.13% | -3.25% | -0.33% | 8.11% |
Dividend Payout | 23.03% | 21.79% | 26.7% | 31.86% | 48.05% | 23.12% | 29.66% | 41.47% | 31.63% | 29.25% |
Related:ZION Dividend History·ZION Revenue History·ZION Price History·ZION P/E History·ZION Financial Ratios·ZION Institutional Holders
ZION SEC Filings & Documents
Zions Bancorporation, National Association (ZION) SEC filings — annual & quarterly reports (10-K, 10-Q)
ZION Frequently Asked Questions
Zions Bancorporation, National Association (ZION) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Zions Bancorporation, National Association (ZION) saw revenue decline by 1.0% over the past year.
Yes, Zions Bancorporation, National Association (ZION) is profitable, generating $899.0M in net income for fiscal year 2025 (18.2% net margin).
Dividend & Returns
Yes, Zions Bancorporation, National Association (ZION) pays a dividend with a yield of 2.70%. This makes it attractive for income-focused investors.
Zions Bancorporation, National Association (ZION) has a return on equity (ROE) of 13.5%. This is reasonable for most industries.
Industry Metrics
Zions Bancorporation, National Association (ZION) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.
Zions Bancorporation, National Association (ZION) has an efficiency ratio of 43.3%. This is excellent, indicating strong cost control.