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ZIONZions Bancorporation, National Association
$70.69$10.4B
Overview & Verdict
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ZION logoZions Bancorporation, National Association(ZION)Earnings, Financials & Key Ratios

ZION•NASDAQ•Banking & Credit
$70.69
11.8× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutZions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased. 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.Show more
  • Net Interest Income$2.63B+8.1%
  • Total Revenue$4.94B-1.0%
  • Net Income$899M+14.7%
  • Return on Equity13.51%+1.8%
  • Net Interest Margin2.95%+7.8%
  • Efficiency Ratio43.28%+5.6%
  • ROA1.01%+13.5%
  • Equity / Assets8.07%+17.0%
  • Book Value per Share48.79+17.3%

ZION Price & Volume

Zions Bancorporation, National Association (ZION) stock price & volume — 10-year historical chart

Loading chart...

Stagnant Margin Growth Masks Credit Portfolio Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:CRE office portfolio exposure

Key Thesis Takeaways

  • Zions Bancorporation faces a challenging outlook as net interest income growth decelerates to 6.1% in 2026Q1, hampered by persistent funding cost pressures and a stagnant 0.8% net interest margin.
  • While the bank maintains a conservative capital position with an equity-to-assets ratio of 0.08, the reliance on a $79.6 billion securities portfolio and potential volatility in commercial real estate credit provisioning warrants caution.
  • Investors should monitor whether the firm can improve its 47.5% efficiency ratio and diversify its fee income, which currently accounts for only 15.8% of total revenue.

Verdict Logic

while the stock trades at a 10.67 forward P/E, the stagnant 0.8% net interest margin and the volatility in credit provisioning suggest limited near-term upside potential.

ZION Growth Metrics

Zions Bancorporation, National Association (ZION) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.48%
5 Years10.94%
3 Years14%
TTM-

Profit CAGR

10 Years11.27%
5 Years10.77%
3 Years-0.29%
TTM20.1%

EPS CAGR

10 Years17.48%
5 Years14.68%
3 Years1.25%
TTM25.78%

Return on Capital

10 Years11.2%
5 Years12.62%
3 Years11.64%
Last Year11.98%

ZION Recent Earnings

Zions Bancorporation, National Association (ZION) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 20, 2026
Metric
Actual
Est
EPS
$1.56+9.9%
$1.42
Rev
$849M-0.8%
$856M
Q1 2026
Jan 20, 2026
Metric
Actual
Est
EPS
$1.75+11.5%
$1.57
Rev
$891M+3.0%
$865M
Q4 2025
Oct 20, 2025
Metric
Actual
Est
EPS
$1.54+5.5%
$1.46
Rev
$861M+2.1%
$843M
Q3 2025
Jul 21, 2025
Metric
Actual
Est
EPS
$1.58+20.6%
$1.31
Rev
$838M+3.3%
$811M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 20, 2026
$1.56vs $1.42+9.9%
$849Mvs $856M-0.8%
Q1 2026Jan 20, 2026
$1.75vs $1.57+11.5%
$891Mvs $865M+3.0%
Q4 2025Oct 20, 2025
$1.54vs $1.46+5.5%
$861Mvs $843M+2.1%
Q3 2025Jul 21, 2025
$1.58vs $1.31+20.6%
$838Mvs $811M+3.3%
Based on last 12 quarters of dataView full earnings history →

Latest ZION News

Recent stock market news and headlines for Zions Bancorporation, National Association (ZION)

Zacks Investment Research·Jun 26, 2026
Here's Why Zions (ZION) is a Strong Momentum Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Zacks Investment Research·Jun 25, 2026
Zions (ZION) is a Top-Ranked Value Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research·Jun 23, 2026
Zions (ZION) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Zions (ZION) have what it takes?

Peers Comparison

Key metrics vs top competitors for Zions Bancorporation, National Association (ZION)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ZION logoZIONZions Bancorporation, National AssociationCurrent
$70.69$10.4B11.76-0.98%18.18%13.51%2.53%
CFG logoCFGCitizens Financial Group, Inc.
$71.78$30.35B18.60-9.71%17.51%7.63%—
HBAN logoHBANHuntington Bancshares Incorporated
$18.01$36.51B12.964.38%16.63%8.81%—
RF logoRFRegions Financial Corporation
$30.59$26.1B13.362.51%23.13%11.75%—
FITB logoFITBFifth Third Bancorp
$57.92$52.49B16.36-1.4%15.91%8.86%—
KEY logoKEYKeyCorp
$23.37$25.34B15.3823.56%17.35%9.74%—

Compare ZION vs Peers

Zions Bancorporation, National Association (ZION) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CFG

Most directly comparable listed peer for ZION.

Scale Benchmark

vs JPM

Larger-name benchmark to compare ZION against a more recognizable public peer.

Peer Set

Compare Top 5

vs CFG, HBAN, RF, FITB

ZION SEC Filings & Documents

Zions Bancorporation, National Association (ZION) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 2, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

May 4, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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ZION Frequently Asked Questions

Zions Bancorporation, National Association (ZION) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Zions Bancorporation, National Association growing?

Zions Bancorporation, National Association (ZION) saw revenue decline by 1.0% over the past year.

Is ZION profitable?

Yes, Zions Bancorporation, National Association (ZION) is profitable, generating $962.0M in net income for fiscal year 2025 (18.2% net margin).

Dividend & Returns
Does ZION pay dividends?

Yes, Zions Bancorporation, National Association (ZION) pays a dividend with a yield of 2.53%. This makes it attractive for income-focused investors.

What is ZION's return on equity?

Zions Bancorporation, National Association (ZION) has a return on equity (ROE) of 13.5%. This is reasonable for most industries.

Industry Metrics
What is Zions Bancorporation, National Association's net interest margin?

Zions Bancorporation, National Association (ZION) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

What is Zions Bancorporation, National Association's efficiency ratio?

Zions Bancorporation, National Association (ZION) has an efficiency ratio of 43.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in ZION back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →