ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ ZION

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Zions Bancorporation, National Association ("Zions Bancorporation, N.A.," "the Bank," "we," "our," "us") is a bank headquartered in Salt Lake City, Utah, with annual net revenue (net interest income and noninterest income) of $3.4 billion in 2025, and total assets of approximately $89 billion at December 31, 2025. We provide a wide range of banking products and related services, primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. At December 31, 2025, we had more than one million customers, served through 407 branches and various online, mobile, and digital channels, and we had 9,195 full-time equivalent employees.

Last close 66.20 2026-10-23
Market cap $9.66B 2026-06-30 share count
52-week range 48.50 - 73.34

Valuation FY2025 figures against the last close

P/S18.3x
P/E11.0x
P/FCF10.1x
EV/EBITDA—
Dividend yield2.8%
Diluted EPS6.01

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $529.0M$513.0M$503.0M$495.0M$449.0M$402.0M$414.0M$412.0M$2.19B$1.95B
Interest expense $2.63B$2.43B$2.44B$2.52B$59.0M$152.0M$411.0M$251.0M$127.0M$87.0M
Pre-tax income $1.18B$1.01B$886.0M$1.15B$1.45B$672.0M$1.05B$1.14B$936.0M$705.0M
Income tax $276.0M$228.0M$206.0M$245.0M$317.0M$133.0M$237.0M$259.0M$344.0M$236.0M
Net income $899.0M$784.0M$680.0M$907.0M$1.13B$539.0M$816.0M$884.0M$592.0M$469.0M
EPS, basic 6.014.954.355.806.803.064.414.362.712.00
EPS, diluted 6.014.954.355.796.793.024.164.082.601.99
Shares, diluted (wtd. avg.) 147.2M147.2M147.8M150.3M160.2M165.6M186.5M206.5M209.7M204.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $683.0M$651.0M$716.0M$657.0M$595.0M$543.0M$705.0M$614.0M$548.0M$737.0M
Property, plant and equipment ——————$1.14B$1.12B$1.09B$1.02B
Goodwill $1.06B$1.03B$1.03B$1.03B$1.01B$1.01B$1.01B$1.01B$1.01B$1.01B
Other intangibles $31.0M$25.0M$32.0M$38.0M$1.0M$2.0M$0$1.0M$2.0M$8.0M
Total assets $88.99B$88.78B$87.20B$89.55B$93.20B$81.48B$69.17B$68.75B$66.29B$63.24B
Short-term debt $3.10B$3.83B$4.38B$10.42B$903.0M$1.57B$2.05B$5.65B——
Long-term debt —$946.0M$542.0M$651.0M$1.01B$1.34B$1.72B$724.0M$383.0M$535.0M
Total liabilities $81.81B$82.65B$81.51B$84.65B$85.74B$73.59B$61.82B$61.17B$58.61B$55.60B
Retained earnings $7.33B$6.70B$6.21B$5.81B$5.17B$4.31B$4.01B$3.46B$2.81B$2.32B
Total equity $7.18B$6.12B$5.69B$4.89B$7.46B$7.89B$7.35B$7.58B$7.68B$7.63B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.07B$1.15B$885.0M$1.47B$629.0M$719.0M$697.0M$1.18B$928.0M$596.0M
Stock-based compensation $35.0M$33.0M$33.0M$30.0M$28.0M$26.0M$27.0M$26.0M$25.0M$26.0M
Capital expenditure $121.0M$97.0M$113.0M$190.0M$206.0M$171.0M$117.0M$129.0M$169.0M$196.0M
Investing cash flow $738.0M-$1.64B$2.37B$1.41B-$11.58B-$12.20B$375.0M-$2.71B-$3.92B-$3.44B
Financing cash flow -$1.78B$427.0M-$3.20B-$2.81B$11.00B$11.32B-$981.0M$1.60B$2.80B$2.78B
Dividends paid $267.0M$289.0M$282.0M$269.0M$261.0M$259.0M$260.0M$236.0M$129.0M$108.0M
Buybacks $41.0M$36.0M$51.0M$202.0M$800.0M$76.0M$1.10B$672.0M$321.0M$97.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000109380-26-000046.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 2B Net income, FY2016: 469M Revenue, FY2017: 2.2B Net income, FY2017: 592M Revenue, FY2018: 412M Net income, FY2018: 884M Revenue, FY2019: 414M Net income, FY2019: 816M Revenue, FY2020: 402M Net income, FY2020: 539M Revenue, FY2021: 449M Net income, FY2021: 1.1B Revenue, FY2022: 495M Net income, FY2022: 907M Revenue, FY2023: 503M Net income, FY2023: 680M Revenue, FY2024: 513M Net income, FY2024: 784M Revenue, FY2025: 529M Net income, FY2025: 899M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.95B $2.19B $412.0M $414.0M $402.0M $449.0M $495.0M $503.0M $513.0M $529.0M
Gross profit — — — — — — — — — —
Net income $469.0M $592.0M $884.0M $816.0M $539.0M $1.13B $907.0M $680.0M $784.0M $899.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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