Zions Bancorporation, National Association (ZION)

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments. It offers commercial and small business banking services to small- and medium-sized businesses, such as commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository account and cash management services; commercial and small business cards; merchant processing services; corporate trust services; and correspondent banking and international lending services. The company also provides capital markets and investment banking services, including loan syndications, foreign exchange services, interest rate derivatives, fixed income securities underwriting, mergers and acquisitions advisory services, advisory and capital raising, commercial mortgage-backed security conduit lending, and power and project financing; and commercial real estate lending services consisting of term and construction/land development financing for commercial and residential purposes. In addition, it offers retail banking services comprising residential mortgages lending, home equity lines of credit, personal lines of credit, installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management services consisting of investment management, fiduciary and estate, and advanced business succession and estate planning services. 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.

Symbol
ZION
Exchange
Nasdaq
Sector
Financial Services
Industry
Banks - Regional
Market cap
$9.22B
52 week range
46.19 - 73.34

Valuation

Share price
$63.17 (close of 2026-10-02)
P/E (TTM)
8.05x
Price to book
1.20x
Price to free cash flow
5.49x
Enterprise value
$10.38B
Book value per share
$52.63

Price performance

PeriodChange
1 day+0.83%
5 days-1.03%
1 month-7.13%
3 months-8.91%
6 months+8.67%
Year to date+7.91%
1 year+12.02%
3 years+88.62%
5 years-0.75%
10 years+103.64%
All time+3351.91%

Members of Congress who disclosed ZION trades

Gilbert Ray Cisneros

Super investors holding ZION

Ray Dalio (Bridgewater Associates) · Ken Griffin (Citadel)

Profitability and growth

Return on equity
12.52%
Return on assets
1.01%
Net margin
169.94%
EBITDA margin
538.37%
Revenue growth
3.12%
Net income growth
14.67%
Free cash flow growth
-9.42%

Cash flow and balance sheet

Free cash flow yield (TTM)
18.22%
Net debt to EBITDA
0.39x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$529.00M
EBITDA
$2.85B
Net income
$899.00M
Earnings per share
$6.01
Interest expense
$1.56B
Shares outstanding
147.12M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$529.00M$899.00M$6.01
2024-12-31$513.00M$784.00M$4.95
2023-12-31$503.00M$680.00M$4.35
2022-12-31$495.00M$907.00M$5.80
2021-12-31$449.00M$1.13B$6.80
2020-12-31$402.00M$539.00M$3.06
2019-12-31$414.00M$816.00M$4.41
2018-12-31$412.00M$884.00M$4.36
2017-12-31$2.19B$592.00M$2.71
2016-12-31$1.95B$469.00M$2.00

Margins and returns by year

Period endNet marginReturn on equity
2025-12-31169.94%12.52%
2024-12-31152.83%12.80%
2023-12-31135.19%11.95%
2022-12-31183.23%18.54%
2021-12-31251.45%15.13%
2020-12-31134.08%6.83%
2019-12-31197.10%11.10%
2018-12-31214.56%11.67%
2017-12-3127.01%7.71%
2016-12-3124.00%6.14%

Cash and debt by year

Period endCashDebt
2025-12-31$683.00M-
2024-12-31$651.00M$946.00M
2023-12-31$716.00M$542.00M
2022-12-31$657.00M$651.00M
2021-12-31$595.00M$1.01B
2020-12-31$543.00M$1.34B
2019-12-31$705.00M$1.72B
2018-12-31$614.00M$724.00M
2017-12-31$548.00M$383.00M
2016-12-31-$535.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$952.00M$35.00M
2024-12-31$1.05B$33.00M
2023-12-31$772.00M$33.00M
2022-12-31$1.28B$30.00M
2021-12-31$423.00M$28.00M
2020-12-31$548.00M$26.00M
2019-12-31$580.00M$27.00M
2018-12-31$1.05B$26.00M
2017-12-31$759.00M$25.00M
2016-12-31$400.00M$26.00M

Dividend history

Most recent payment
2026-08-13
Paid in the last twelve months
$1.83
Payment dateDividend per share
2026-08-13$0.48
2026-05-14$0.45
2026-02-12$0.45
2025-11-13$0.45
2025-08-14$0.45
2025-05-15$0.43
2025-02-13$0.43
2024-11-14$0.43

Investor relations

Next earnings report

Next confirmed report
2026-10-19
Consensus EPS estimate
$1.64

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-20Jun/2026$1.57
2026-04-20Mar/2026$1.43
2026-01-20Dec/2025$1.57
2025-10-20Sep/2025$1.19
2025-07-21Jun/2025$1.31
2025-04-21Mar/2025$1.20
2025-01-21Dec/2024$1.26
2024-10-21Sep/2024$1.16

Filings and sources

Company website
zionsbancorporation.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Home Bancshares Inc (HOMB) · KeyCorp (KEY) · Deutsche Bank Aktiengesellschaft (DB) · Regions Financial Corp (RF) · First Citizens BancShares Inc (FCNCA) · Citizens Financial Group Inc (CFG) · Morgan Stanley (MS) · Goldman Sachs Group Inc (GS)

All Financial Services companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades