Zions Bancorporation, National Association logo

Zions Bancorporation, National Association

ZION

NASDAQFinancial ServicesBanks - Regional

Previous close

$68.14

+$0.25 · +0.37%

Aug 21, 4:00 PM ET

ZION company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

78

Undervalued

Momentum

60

Neutral

Sentiment

70

Bullish

Risk resilience

82

Low Risk

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Company profile

Company website

Headquartered in Salt Lake City, Utah, Zions Bancorporation, National Association is a long-standing financial institution, founded in 1873. Operating primarily across the western United States, it delivers a comprehensive suite of banking and financial services throughout Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company's diverse offerings encompass corporate banking, commercial banking (with a particular emphasis on small and medium-sized businesses), and commercial real estate financing. It also extends municipal and public finance services, retail banking (including residential mortgages), trust services, wealth management and private client banking, and capital markets products. As of December 31, 2020, Zions Bancorporation maintained a network of 422 branches, consisting of 273 owned and 149 leased locations. The institution, initially known as ZB, National Association, officially adopted its current name, Zions Bancorporation, National Association, in September 2018.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Harris Henry Simmons
Listed since
Mar 17, 1980
Employees
9,039

Market position

Day range

Current $68.14

52-week range

Current $68.14

Open
$68.55
Previous close
$67.89
Volume
1.4M
0.88× average
Average volume
1.59M
Average daily volume
Market cap
9.94B USD
Beta
0.78
Market reference 1
50-day average
$69.6728
-2.20% below average
200-day average
$61.5553
+10.70% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.07B USD
P/E (TTM)
8.66×
P/B (TTM)
1.3×
P/S (TTM)
1.92×
EV / EBITDA
7.8×
Earnings yield
10.44%
Free cash flow yield
11.39%
Dividend yield
2.69%

Profitability & efficiency

Gross margin
71.41%
Operating margin
29.06%
Net margin
22.67%
Return on equity
12.52%
Return on assets
1.01%
Return on invested capital
6.74%

Financial health

Debt / equity
0.41×
Current ratio
0.16×
Altman Z-score
-0.45
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends117%80%42%5%Gross margin, FY2021: 107.31%Gross margin, FY2022: 90.80%Gross margin, FY2023: 64.51%Gross margin, FY2024: 61.25%Gross margin, FY2025: 67.05%Operating margin, FY2021: 48.69%Operating margin, FY2022: 34.52%Operating margin, FY2023: 19.16%Operating margin, FY2024: 20.27%Operating margin, FY2025: 23.77%Net margin, FY2021: 38.01%Net margin, FY2022: 27.18%Net margin, FY2023: 14.71%Net margin, FY2024: 15.70%Net margin, FY2025: 18.18%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 107.31%. Gross margin FY2022 90.80%. Gross margin FY2023 64.51%. Gross margin FY2024 61.25%. Gross margin FY2025 67.05%. Operating margin FY2021 48.69%. Operating margin FY2022 34.52%. Operating margin FY2023 19.16%. Operating margin FY2024 20.27%. Operating margin FY2025 23.77%. Net margin FY2021 38.01%. Net margin FY2022 27.18%. Net margin FY2023 14.71%. Net margin FY2024 15.70%. Net margin FY2025 18.18%.

Income trends

Revenue

4.94B USD-0.98%

Operating income

1.18B USD+16.11%

Net income

899M USD+14.67%
Income trends across reported periods5.42B USD3.7B USD1.97B USD248.7M USDRevenue, FY2021: 2.97B USDRevenue, FY2022: 3.34B USDRevenue, FY2023: 4.62B USDRevenue, FY2024: 4.99B USDRevenue, FY2025: 4.94B USDOperating income, FY2021: 1.45B USDOperating income, FY2022: 1.15B USDOperating income, FY2023: 886M USDOperating income, FY2024: 1.01B USDOperating income, FY2025: 1.18B USDNet income, FY2021: 1.13B USDNet income, FY2022: 907M USDNet income, FY2023: 680M USDNet income, FY2024: 784M USDNet income, FY2025: 899M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.97B USD. Revenue FY2022 3.34B USD. Revenue FY2023 4.62B USD. Revenue FY2024 4.99B USD. Revenue FY2025 4.94B USD. Operating income FY2021 1.45B USD. Operating income FY2022 1.15B USD. Operating income FY2023 886M USD. Operating income FY2024 1.01B USD. Operating income FY2025 1.18B USD. Net income FY2021 1.13B USD. Net income FY2022 907M USD. Net income FY2023 680M USD. Net income FY2024 784M USD. Net income FY2025 899M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.94B USD4.99B USD4.62B USD3.34B USD2.97B USD
Cost of goods sold1.63B USD1.94B USD1.64B USD307M USD−217M USD
Gross profit3.32B USD3.06B USD2.98B USD3.03B USD3.19B USD
Selling, general, and administrative1.52B USD1.41B USD1.4B USD1.32B USD1.2B USD
Operating expenses2.14B USD2.05B USD2.1B USD1.88B USD1.74B USD
Interest income4.18B USD4.29B USD3.95B USD2.71B USD2.27B USD
Interest expense1.56B USD1.86B USD1.51B USD185M USD59M USD
Depreciation and amortization116M USD124M USD140M USD110M USD−14M USD
Operating income1.18B USD1.01B USD886M USD1.15B USD1.45B USD
Net income899M USD784M USD680M USD907M USD1.13B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+19.61%
11 comparable reports
Latest EPS result
3.05
Estimate 1.57 · Beat by 94.27%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.22.481.761.04Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 21, 2025: actual 1.34, estimate 1.25, surprise +7.20%, Beat. Q2 2025, reported Apr 21, 2025: actual 1.24, estimate 1.19, surprise +4.20%, Beat. Q3 2025, reported Jul 21, 2025: actual 1.58, estimate 1.31, surprise +20.61%, Beat. Q4 2025, reported Oct 20, 2025: actual 1.54, estimate 1.46, surprise +5.48%, Beat. Q1 2026, reported Jan 20, 2026: actual 1.75, estimate 1.57, surprise +11.46%, Beat. Q2 2026, reported Apr 20, 2026: actual 1.56, estimate 1.42, surprise +9.86%, Beat. Q3 2026, reported Jul 20, 2026: actual 3.05, estimate 1.57, surprise +94.27%, Beat. Q4 2026, reported Oct 19, 2026: actual —, estimate 1.62, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates926.64M868.46M810.28M752.11MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 21, 2025: actual 820M USD, estimate 787.75M USD, surprise +4.09%, Beat. Q2 2025, reported Apr 21, 2025: actual 795M USD, estimate 796.43M USD, surprise -0.18%, Miss. Q3 2025, reported Jul 21, 2025: actual 838M USD, estimate 810.87M USD, surprise +3.35%, Beat. Q4 2025, reported Oct 20, 2025: actual 861M USD, estimate 843.08M USD, surprise +2.13%, Beat. Q1 2026, reported Jan 20, 2026: actual 891M USD, estimate 864.73M USD, surprise +3.04%, Beat. Q2 2026, reported Apr 20, 2026: actual 849M USD, estimate 856.17M USD, surprise -0.84%, Miss. Q3 2026, reported Jul 20, 2026: actual 878M USD, estimate 875.92M USD, surprise +0.24%, Beat. Q4 2026, reported Oct 19, 2026: actual —, estimate 890.54M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$76.60

12.42% upside
Past 12 months12-month forecastHigh $84.00Average $76.60Low $72.00

Rating distribution

51 ratings
Strong buy00%
Buy1835%
Hold3059%
Sell36%
Strong sell00%

Recent analyst actions

12 institutions

ZION news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.76

2025 complete year+22.2% since 2021

2026 partial: $1.38

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 13, 2026

$0.48

Quarterly

Record Aug 13, 2026 · Payment Aug 20, 2026

Dividend

Ex-dividend May 14, 2026

$0.45

Quarterly

Record May 14, 2026 · Payment May 21, 2026

Dividend

Ex-dividend Feb 12, 2026

$0.45

Quarterly

Record Feb 12, 2026 · Payment Feb 19, 2026

Dividend

Ex-dividend Nov 13, 2025

$0.45

Quarterly

Record Nov 13, 2025 · Payment Nov 20, 2025

Dividend

Ex-dividend Aug 14, 2025

$0.45

Quarterly

Record Aug 14, 2025 · Payment Aug 21, 2025

Dividend

Ex-dividend May 15, 2025

$0.43

Quarterly

Record May 15, 2025 · Payment May 22, 2025

ZION peers

ETFs holding ZION

Funds reporting this stock among their holdings, ordered by reported position size.

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