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ZIONP

Zions Bancorporation, National Association

ZIONP

Zions Bancorporation, National Association • NASDAQ
$21.38 ▲ 1.11% (+0.23)
Market Cap $3.16 B
52w High $24.50
52w Low $19.80
Dividend Yield 1.02%
P/E 3.47
Volume 813
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 Q2-2024Q3-2024Q4-2024Q3-2025
Products And Services Capital Markets And Foreign Exchange Fees
Products And Services Capital Markets And Foreign Exchange Fees
 $0 ▲$0 ▲$10.00M ▲$0 ▼
Products And Services Card Fees
Products And Services Card Fees
 $40.00M ▲$40.00M ▲$70.00M ▲$40.00M ▼
Products And Services Commercial Account Fees
Products And Services Commercial Account Fees
 $40.00M ▲$50.00M ▲$90.00M ▲$50.00M ▼
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 Earnings have been solid but a bit bumpy. Revenue has grown meaningfully over the last few years, helped by a better rate environment and stronger business activity. However, profitability peaked a few years ago, then came under pressure, and has more recently started to recover. The bank is still solidly profitable, but margins are not as rich as they were at the prior peak, reflecting higher funding costs, more cautious credit provisioning, and a generally tougher banking environment. Overall, the income statement shows a healthy, diversified earnings base with some cyclical ups and downs rather than a straight upward path.

Balance Sheet

Balance Sheet The balance sheet looks fairly steady in size, with total assets hovering in a relatively narrow band over the past several years. Cash levels spiked during the pandemic and then normalized to more typical levels. Debt rose sharply at one point and has since been brought down, suggesting active balance-sheet management as conditions shifted. Equity dipped when markets and rates were more volatile but has been rebuilding, although it remains below earlier highs. In plain terms, Zions appears adequately capitalized and reasonably conservative, but not over‑capitalized, which is typical for a regional bank that is actively lending and investing.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive, which is important for a bank funding its growth and meeting obligations. Free cash flow has tracked operating cash flow closely, since investment spending has been modest and disciplined. Capital expenditures are relatively small compared with the bank’s cash generation, indicating that major technology and systems investments are being done without straining the cash profile. Overall, the cash flow picture suggests a business that reliably produces cash and has flexibility to invest and absorb normal swings in the banking cycle.

Competitive Edge

Competitive Edge Zions operates as a regional franchise focused on the Western United States, with a distinctive model of locally branded banks under one corporate umbrella. This gives it a blend of community-bank intimacy and larger-bank resources. Its strengths include deep relationships with small and mid‑sized businesses, national recognition in SBA lending, and strong treasury and cash‑management capabilities. Awards for service and a long history in its core markets help reinforce customer loyalty. The main competitive risks are the intense pressure from larger national banks and digital‑only players, as well as the usual regional‑bank sensitivity to local economic cycles. Even so, Zions’ local decision‑making and specialization in business banking provide a meaningful edge in its chosen niches.

Innovation and R&D

Innovation and R&D The bank has undertaken a major modernization push, moving its core systems to a modern, real‑time platform and layering on specialized tools for lending, customer relationship management, and process automation. This technology overhaul is designed not to replace bankers but to make them faster, better informed, and more efficient. Zions is now positioned to use data analytics, APIs, and, increasingly, artificial intelligence to refine credit decisions, improve customer experience, and develop new products. Future initiatives include deeper focus on small and middle‑market clients, selective expansion in capital markets, and new deposit and fee‑based offerings. Execution risk is real—the value comes only if the technology is fully adopted and well used—but the foundation for continued innovation is clearly in place.

Summary

Overall, Zions Bancorporation presents as a mature regional bank with solid, if cyclical, profitability; a stable and actively managed balance sheet; and steady, positive cash generation. Its core strength lies in long‑standing relationships with business customers in the Western U.S., supported by a “local bank” feel combined with upgraded, large‑bank‑grade technology. The recent years show some margin compression and capital ups and downs, reflecting the challenging rate and regulatory environment for regional banks, but not signs of structural weakness. Looking ahead, the key things to watch are how well Zions turns its substantial technology investments into higher efficiency and stickier customers, how it navigates credit quality through the cycle, and how effectively it grows fee‑based and capital markets activities without taking on outsized risk.