Zions Bancorporation National Association (ZION) AI Stock Analysis

• Market Cap: $7.57B
• Dividend Yield: 3.36%
• Average Volume (3M): 2.28M
• Price to Earnings (P/E): 9.2
• Beta (1Y): 1.29
• Revenue Growth: 0.12%
• EPS Growth: 27.30%
• Country: US
• Employees: 9,392
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.48
• Shares Outstanding: 147,640,000
• 10 Day Avg. Volume: 1,673,713
• 30 Day Avg. Volume: 2,284,032
• PEG Ratio: 0.74
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 1.60
• P/FCF Ratio: 7.60
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 2.65
• Enterprise Value/Gross Profit: 4.09
• Enterprise Value/Ebitda: 10.99
• 1Y Price Target: $62.17
• Price Target Upside: 19.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 20
• EPS Forecast (FY): 5.82
• Revenue Forecast (FY): $3.36B

• Rating: 70 Outperform
• Price Target: $56.00 ▲(7.20% Upside)

Zions Bancorporation's overall score reflects strong financial performance and attractive valuation. However, technical indicators suggest a bearish trend, and challenges from credit loss provisions and legal issues weigh on the outlook.

Positive Factors

Net Interest Margin Expansion

Consistent improvement in net interest margin indicates effective asset-liability management and enhances profitability, supporting long-term earnings growth.

Cash Flow Growth

Strong cash flow growth enhances financial flexibility, allowing for strategic investments, debt reduction, and shareholder returns, strengthening long-term financial health.

Revenue Growth Outpacing Expenses

Revenue growth outpacing expenses indicates efficient operations and potential for sustained profitability, supporting long-term business stability.

Negative Factors

Significant Credit Loss Provision

High credit loss provisions reflect potential asset quality issues, which can strain profitability and require careful risk management to maintain financial stability.

Revenue Decline

Declining revenue growth can hinder long-term profitability and market competitiveness, necessitating strategic initiatives to reverse the trend.

Legal Action for Loan Recovery

Ongoing legal issues can lead to financial uncertainty and potential losses, impacting the company's reputation and financial position over the long term.

Zions Bancorporation National Association Business Overview & Revenue Model

Company Description

Zions 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.

How the Company Makes Money

Zions Bancorporation generates revenue primarily through net interest income, which arises from the interest earned on loans and investments minus the interest paid on deposits and borrowings. Key revenue streams include commercial loans, consumer loans, mortgages, and various banking fees. The bank also earns non-interest income from services such as wealth management, investment services, and fees associated with transaction processing. Strategic partnerships with financial technology companies enhance its service offerings and customer experience, contributing to customer retention and increased transaction volume, thereby bolstering overall earnings.

Zions Bancorporation National Association Financial Statement Overview

Summary

Zions Bancorporation demonstrates solid profitability and cash flow management, with strong cash flow growth as a key strength. However, challenges in revenue growth and a moderate equity ratio suggest areas for improvement.

Income Statement

Zions Bancorporation shows a mixed performance in its income statement. The TTM gross profit margin is strong at 64.8%, indicating efficient cost management. However, the revenue growth rate is negative at -46.3%, which is a significant concern. The net profit margin is healthy at 17.2%, and both EBIT and EBITDA margins are stable, reflecting good operational efficiency. Despite the revenue decline, profitability metrics remain solid.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio is 0.76, indicating a manageable level of leverage. Return on equity is decent at 13.2%, showing effective use of equity to generate profits. The equity ratio stands at 7.8%, suggesting a balanced asset structure. While leverage is under control, the equity ratio could be improved for better financial stability.

Cash Flow

Cash flow analysis shows strong performance with a 65.01% growth in free cash flow, indicating robust cash generation. The operating cash flow to net income ratio is 0.20, and the free cash flow to net income ratio is 0.86, both reflecting efficient cash conversion. The significant growth in free cash flow is a positive indicator of financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.95B	4.99B	4.62B	3.34B	2.97B	2.94B
Gross Profit	3.21B	3.06B	2.98B	3.03B	3.19B	2.38B
EBITDA	1.19B	1.14B	1.03B	1.26B	1.43B	758.00M
Net Income	852.00M	784.00M	680.00M	907.00M	1.13B	539.00M
Balance Sheet
Total Assets	88.53B	88.78B	87.20B	89.55B	93.20B	81.48B
Cash, Cash Equivalents and Short-Term Investments	19.00B	12.63B	12.50B	13.91B	34.93B	17.35B
Total Debt	5.23B	4.37B	4.54B	11.07B	1.92B	2.91B
Total Liabilities	81.67B	82.65B	81.51B	84.65B	85.74B	73.59B
Stockholders Equity	6.87B	6.12B	5.69B	4.89B	7.46B	7.89B
Cash Flow
Free Cash Flow	1.06B	1.05B	772.00M	1.28B	423.00M	548.00M
Operating Cash Flow	1.10B	1.15B	885.00M	1.47B	629.00M	719.00M
Investing Cash Flow	-738.17M	-1.64B	2.37B	1.41B	-11.58B	-12.20B
Financing Cash Flow	-509.41M	427.00M	-3.20B	-2.81B	11.00B	11.32B

Zions Bancorporation National Association Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 52.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZION, the sentiment is Neutral. The current price of 52.24 is above the 20-day moving average (MA) of 52.01, below the 50-day MA of 55.05, and above the 200-day MA of 51.52, indicating a neutral trend. The MACD of -0.86 indicates Negative momentum. The RSI at 46.99 is Neutral, neither overbought nor oversold. The STOCH value of 39.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ZION.

Zions Bancorporation National Association Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTFC	78 Outperform	$8.62B	11.82	11.69%	1.53%	3.58%	13.93%
CFR	76 Outperform	$8.04B	12.94	14.68%	3.21%	2.85%	20.57%
CMA	73 Outperform	$9.99B	14.97	9.64%	3.73%	-7.07%	31.09%
ZION	70 Outperform	$7.57B	9.17	12.71%	3.36%	0.12%	27.30%
ONB	70 Outperform	$8.05B	12.10	8.26%	2.67%	20.72%	3.63%
BPOP	70 Outperform	$7.55B	9.98	13.05%	2.49%	5.87%	53.36%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Zions Bancorporation National Association Corporate Events

Zions Bancorp Earnings Call: Mixed Sentiment Amid Growth

In the latest earnings call, Zions Bancorporation, National Association (N.A) presented a mixed sentiment. The company showcased positive trends in net interest margin expansion and revenue growth, which suggest a strong core earnings momentum. However, these positive developments were somewhat overshadowed by significant credit loss provisions and legal issues related to isolated loan defaults, presenting notable challenges for the company.

Zions Bancorporation Reports Strong Q3 Earnings Growth

Zions Bancorporation, N.A. is a leading financial services company operating in 11 western states, known for its strong presence in small- and middle-market banking and public finance advisory services. In its third quarter of 2025, Zions Bancorporation reported net earnings of $221 million, an increase from the previous year, with a diluted EPS of $1.48. The company’s net interest income rose by 8% to $672 million, and its net interest margin improved to 3.28%. Despite a challenging quarter marked by a $50 million charge-off related to two commercial loans, the company saw growth in consumer loans and a 17% increase in tangible book value per share. Looking ahead, Zions Bancorporation remains focused on maintaining its core earnings growth and managing credit quality, while navigating the evolving economic landscape.

Zions Bancorporation Provisions $60M Amid Legal Issues

Zions Bancorporation recently discovered legal actions involving two borrowers under its California Bank & Trust division’s loans, leading to an internal review that uncovered misrepresentations and defaults. On October 15, 2025, the bank decided to provision for the full $60 million outstanding under these loans and charge off $50 million, reflecting these in its third-quarter 2025 financial statements, while pursuing legal action for recovery.

The most recent analyst rating on (ZION) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Zions Bancorporation National Association stock, see the ZION Stock Forecast page.