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ZION

Zions Bancorporation, National Association

ZION

Zions Bancorporation, National Association • NASDAQ
$53.23 ▼ -0.06% (-0.03)
Market Cap $7.86 B
52w High $60.71
52w Low $39.32
Dividend Yield 1.76%
P/E 9.52
Volume 405.83K
Outstanding Shares 147.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.253B ▲ $527M $222M ▼ 17.717% ▼ $1.5 ▼ $312.964M ▼
Q2-2025 $1.241B ▲ $527M ▼ $244M ▲ 19.662% ▲ $1.63 ▲ $341M ▲
Q1-2025 $1.199B ▼ $538M ▲ $170M ▼ 14.178% ▼ $1.13 ▼ $267M ▼
Q4-2024 $1.255B ▼ $509M ▲ $216M ▲ 17.211% ▲ $1.34 ▼ $299M ▼
Q3-2024 $1.276B $502M $214M 16.771% $1.37 $309M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $12.363B ▲ $88.533B ▼ $81.668B ▼ $6.865B ▲
Q2-2025 $11.709B ▼ $88.893B ▲ $82.297B ▲ $6.596B ▲
Q1-2025 $12.067B ▼ $87.992B ▼ $81.665B ▼ $6.327B ▲
Q4-2024 $12.63B ▲ $88.775B ▲ $82.651B ▲ $6.124B ▼
Q3-2024 $11.895B $87.032B $80.647B $6.385B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $222M ▼ $438M ▲ $359M ▲ $-806M ▼ $-9M ▲ $413M ▲
Q2-2025 $244M ▲ $-62M ▼ $-631M ▼ $640M ▲ $-53M ▼ $-93M ▼
Q1-2025 $170M ▼ $179M ▼ $1.661B ▲ $-1.658B ▼ $182M ▲ $152M ▼
Q4-2024 $216M ▲ $517M ▲ $-2.366B ▼ $1.386B ▲ $-463M ▼ $489M ▲
Q3-2024 $214M $119M $1.133B $-855M $397M $97M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Products And Services Capital Markets And Foreign Exchange Fees
Products And Services Capital Markets And Foreign Exchange Fees
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Products And Services Card Fees
Products And Services Card Fees
 $40.00M ▲$40.00M ▲$70.00M ▲$30.00M ▼
Products And Services Commercial Account Fees
Products And Services Commercial Account Fees
 $40.00M ▲$50.00M ▲$90.00M ▲$40.00M ▼
Products And Services Retail And Business Banking Fees
Products And Services Retail And Business Banking Fees
 $20.00M ▲$20.00M ▲$30.00M ▲$20.00M ▼
Products And Services Wealth Management And Trust Fees
Products And Services Wealth Management And Trust Fees
 $10.00M ▲$10.00M ▲$30.00M ▲$10.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, Zions has grown its revenue at a healthy pace, helped recently by higher interest rates and stronger loan and fee activity. Profitability, however, has been more up and down. Earnings were strongest a few years ago and have since been squeezed by higher funding costs, credit provisions, and a tougher rate environment. Even so, profits remain clearly above pre‑pandemic levels, and 2024 shows a modest recovery versus 2023. Overall, this is a bank that is generating solid revenue growth but operating in a margin‑pressured, cyclical business where earnings can swing with interest rates and credit conditions.

Balance Sheet

Balance Sheet Zions’ balance sheet looks relatively stable in size, with total assets moving within a fairly narrow band over the period. Cash levels have fluctuated as the bank adjusted its liquidity, but recent levels are healthier than before the pandemic. Debt spiked a few years ago and has since been reduced, which is a positive sign for balance sheet discipline. Equity dipped during the more volatile years but is rebuilding, though not yet back to its earlier peak. In broad terms, Zions appears reasonably capitalized, but like most regional banks, it needs to keep carefully managing funding, capital, and regulatory expectations in a changing rate and credit environment.

Cash Flow

Cash Flow Cash generation from the core banking business has been consistently positive, which is a key strength. Operating cash flow peaked during the strongest earnings year and then eased, in line with the pressure on margins and credit costs, but it remains solid. Free cash flow has stayed positive throughout, helped by relatively modest spending on physical and technology investments. This pattern suggests Zions has had enough internal cash to support its operations and invest in its systems, though there is less of a surplus cushion in weaker years, making ongoing discipline important.

Competitive Edge

Competitive Edge Zions operates as a regional bank with a strong presence in western states and a clear focus on small and mid‑sized businesses. Its “local‑for‑life” approach, with decision‑making pushed down to local management teams, helps it build deep relationships and understand local economies better than many large national rivals. The bank is well regarded in small business and middle‑market circles, and its treasury and cash‑management services are a differentiator for business clients. The main competitive risks are its regional concentration, exposure to local economic cycles, and pressure from both large national banks with broader resources and fintechs offering low‑cost digital alternatives. The moat here is relationship‑driven rather than scale‑driven, and it requires constant service quality to sustain.

Innovation and R&D

Innovation and R&D Zions is not a heavy traditional R&D spender, but it has been very active in modernizing its technology. The shift to a modern core banking platform and the use of partners like Tata Consultancy Services and nCino give it a more flexible, real‑time foundation than many regional peers still tied to older systems. Automation and digital loan platforms have already delivered meaningful efficiency gains, and the dedicated technology campus underlines a long‑term commitment to tech enablement. Newer initiatives like the ZiFi digital‑first small‑business offering and enhanced treasury tools show that Zions is using its tech base to deepen its niche with business clients. The opportunity is to keep layering smarter analytics, digital experiences, and deposit products on top of this core; the risk is execution—delays or missteps could dilute the advantage.

Summary

Zions Bancorporation combines a traditional, relationship‑focused regional banking model with steadily improving technology. Revenue has grown well over the last five years, but earnings have been choppy as interest rates, funding costs, and credit conditions moved against the sector. The balance sheet appears generally sound, with manageable leverage and rebuilding capital, while cash flows from operations remain consistently positive and support ongoing investments. Competitively, Zions leans on its deep local roots, small and mid‑market business focus, and strong treasury offerings rather than on sheer size. Its modernization of core systems and digital tools is a key strategic move that could strengthen this niche further if executed well. Overall, Zions looks like a regionally focused bank in the midst of a long‑term tech upgrade, balancing solid relationship strengths with the usual interest‑rate and credit‑cycle risks faced by regional lenders.

NEWS

November 29, 2025 · 5:00 PM UTC

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Zions Bancorporation, N.A. Investors to Inquire About Securities Class Action Investigation - ZION, ZIONP

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November 28, 2025 · 1:13 PM UTC

ROSEN, A LEADING LAW FIRM, Encourages Zions Bancorporation, N.A. Investors to Inquire About Securities Class Action Investigation - ZION, ZIONP

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November 27, 2025 · 11:44 AM UTC

Zions Bancorporation Investor News: If You Have Suffered Losses in Zions Bancorporation, N.A. (NASDAQ: ZION, ZIONP), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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November 27, 2025 · 3:43 AM UTC

Rosen Law Firm Encourages Zions Bancorporation, N.A. Investors to Inquire About Securities Class Action Investigation - ZION, ZIONP

Read more

November 24, 2025 · 5:33 PM UTC

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Zions Bancorporation, N.A. Investors to Inquire About Securities Class Action Investigation - ZION, ZIONP

Read more