Zions Bancorporation N.A.

National Commercial Banks

ZIONStrained10 of 11 basics passed

$62.49

-0.38%

Market cap $9.12B

$62.49

-0.38%

Market cap $9.12B

Zions Bancorp is a US regional bank with around $90 billion in total assets as of June 30, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern United States and includes seven affiliate banks in these markets.

It is a $9.12B financial services company. Revenue grew 3.9% over the last year, and it keeps 23¢ of every dollar of sales as profit. It trades at 7.6× earnings — in the cheapest third of its own history.

Website: zionsbancorporation.com
Location: Salt Lake City, UT
Employees: 9 195
Sector: Financial Services

Share price · 3 years

$35.12 → $62.49+77.9%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $5.16B
Profit: keeps 23¢ of every $1 sold; $1.17B
Free cash flow: cash left after running the business; $1.68B
Net cash: more cash than debt; $631M
P/E: years of profit in the price; 7.6
EPS: earnings per share, TTM; $7.96
Dividend: pays out 23% of profit · 17% of FCF; 3.07%
Shares: down 28% since 2016 — buybacks; 147.2M
Volatility: beta vs the market — under 1 swings less; 0.87

Revenue, last 10 years

52-week range

Low $46.93$62.49High $73.31

Today's price is 59% of the way from the year's low to its high.

P/E vs its history5y

7.9×median 9.1×

Higher than 22% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

7.9×

78%

P/S

2.0×

34%

P/B

1.2×

59%

FCF yield

18.4%

79%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Insider activity · 90 days

-$2.35Mnet selling

Purchases$0

Sales$2.35M

Insiders trading, last 14d0 buy · 0 sell

Standing in Financial Services

Size$9.12Btop 92%
Revenue growth+0%top 90%
Net margin26%top 28%
Return on equity16%top 38%
P/E7.6×top 7%
Dividend yield3.07%top 25%

Ranked against 129 Financial Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and profitability; Growth lags behind.

Valuation80

P/E vs own history22th pct · 20/25
FCF yield18.4% · 25/25
P/S1.6x · 25/25
EV/EBITDAn/a · 10/25

Growth40

Revenue CAGR13.6% · 20/25
Net income CAGR-5.5% · 0/25
EPS CAGR ~5Y13.4% · 20/25
Fwd implied growth-15.2% · 0/25

Profitability82

ROIC13.7% · 12/25
ROE16.1% · 20/25
Net margin22.7% · 25/25
Operating margin33.6% · 25/25

Health50

Altman Zn/a · 0/25
Current ration/a · 0/25
Interest coverageno interest expense · 25/25
Net cash / debtNet cash · 25/25

Quality65

Piotroski F5/9 · 15/25
Beneish M-2.68 · 25/25
FCF conversion143% · 25/25
Margin stabilityn/a · 0/25

Moat50

ROIC >12% yearsn/a · 0/25
Median gross marginn/a · 0/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 14.7% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2021Financial
Best year on record
$1.13B net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$2.47B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$9 960 today — price return only

$4.9B revenue in FY2025

Profitable 10 years in a row

Positive free cash flow 10 years in a row

9 195 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Strongly profitable — 22.7% net margin
Strong cash conversion — FCF is 32.5% of revenue
Net cash position after subtracting debt from cash

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+3.9% YoY
Profitable — makes more than it spends$1.17B TTM
Profit growing — earnings are higher than last year+0.4% YoY
Generates cash — cash left after running and investing$1.68B TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$9.12B market cap
Not printing shares — share count not ballooning — you keep your slice-11.1% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersyield 3.07%
Valuation not extreme — price not wildly above earningsP/E 7.6

Peer comparisonZions Bancorporation N.A. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
ZION this company	$9.1B	7.6	+3.9%	22.7%	Strained
BRK.A Berkshire Hathaway Inc.	$1.1T	11.6	+3.9%	22.3%	Mixed
BRK.B Berkshire Hathaway	$1.1T	11.6	+0.0%	18.0%	Strong
JPM JPMorgan Chase & Co.	$886.2B	13.6	+13.5%	32.6%	Strained
V VISA Inc.	$723.9B	31.9	+14.4%	50.8%	Solid
MA Mastercard Incorporated	$516.4B	31.7	+16.0%	46.3%	Mixed
BAC Bank of America Corporation	$380.4B	11.3	+15.9%	27.8%	Mixed

Head-to-head: ZION vs BRK.A · ZION vs BRK.B · ZION vs JPM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 7Hold 13Sell 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $5.16B · net income $1.17B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$5.16B

YoY 3.9%

Net income (TTM)

$1.17B

Margin 22.7%

Operating margin

33.6%

P/E ratio

7.6

Dividend yield

3.07%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	2.9	3.0	3.3	4.6	5.0	4.9
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	—	—	—	—	—	—
Net income	0.5	1.1	0.9	0.7	0.8	0.9
EPS (diluted)	3.25	7.05	6.04	4.60	5.33	6.11

Cash flowFree cash flow $1.68B · operating cash flow $1.80B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.68B

Margin 32.5%

Operating cash flow (TTM)

$1.80B

FCF margin

32.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.7	0.6	1.5	0.9	1.1	1.1
Capital expenditure	-0.2	-0.2	-0.2	-0.1	-0.1	-0.1
Free cash flow	0.5	0.4	1.3	0.8	1.1	1.0
FCF margin	18.6%	14.2%	38.4%	16.7%	21.0%	19.3%

Balance sheetAssets $89.0B · net cash $631M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $89.0B of assets is financed

92%

Liabilities $81.8B — borrowed moneyEquity $7.18B — owners' stake

Cash vs debt

Total debt $1.47B − cash $2.10B = net cash $631M

Cash on hand covers all debt.

Debt repayment

Not needed

Cash already covers all debt

ROE

16.1%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	—	2.7	3.1	1.7	2.1	2.1
Total assets	81.5	93.2	89.5	87.2	88.8	89.0
Total liabilities	73.6	85.7	84.7	81.5	82.7	81.8
Total debt	1.3	1.0	0.7	0.5	0.9	1.5
Equity	7.9	7.5	4.9	5.7	6.1	7.2
Net debt	—	-1.7	-2.4	-1.1	-1.2	-0.6

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of ZION on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $62.49 · market cap $9.12B.