Zions Bancorporation National Association (ZION) AI Stock Analysis

• Market Cap: $8.85B
• Dividend Yield: 2.94%
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): 10.7
• Beta (1Y): 1.17
• 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: 147,641,040
• 10 Day Avg. Volume: 1,589,550
• 30 Day Avg. Volume: 1,425,475
• 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: 1.48
• Enterprise Value/Revenue: 2.65
• Enterprise Value/Gross Profit: 4.09
• Enterprise Value/Ebitda: 10.74
• 1Y Price Target: $62.94
• Price Target Upside: 5.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 19
• EPS Forecast (FY): 5.82
• Revenue Forecast (FY): $3.36B

• Rating: 74 Outperform
• Price Target: $62.00 ▲(3.44% Upside)

Zions Bancorporation's overall stock score is driven by strong technical indicators and solid financial performance, particularly in cash flow management. However, the score is moderated by recent legal challenges and credit loss provisions, which pose risks to financial stability. The attractive valuation and dividend yield provide some offsetting benefits.

Positive Factors

Net Interest Margin Expansion

Consistent improvement in net interest margin indicates effective asset-liability management, enhancing profitability over the long term.

Cash Flow Growth

Strong cash flow growth supports operational and strategic initiatives, providing financial flexibility and stability.

Revenue Growth Outpacing Expenses

Revenue growth outpacing expenses indicates efficient operations and the potential for sustained profitability.

Negative Factors

Significant Credit Loss Provision

High credit loss provisions can strain financial resources and indicate potential weaknesses in loan portfolio quality.

Legal Challenges

Ongoing legal issues could lead to financial and reputational risks, impacting long-term business operations.

Revenue Decline

A significant decline in revenue growth poses challenges to maintaining profitability and market competitiveness.

Zions Bancorporation National Association Business Overview & Revenue Model

Company Description

Zions Bancorporation National Association is a bank holding company headquartered in Salt Lake City, Utah, providing a wide range of financial services primarily in the western United States. The company operates through various segments, including commercial banking, consumer banking, and wealth management. Core products and services include deposit accounts, loans, mortgage services, treasury management, and investment services, catering to individual consumers, small businesses, and large enterprises.

How the Company Makes Money

Zions Bancorporation generates revenue primarily through net interest income, which is earned from the interest on loans and investments minus the interest paid on deposits and borrowings. Key revenue streams include commercial loans, consumer loans, and mortgage origination fees. The bank also earns significant non-interest income from service fees, investment management fees, and wealth management services. Additionally, Zions benefits from strategic partnerships with various financial service providers that enhance its product offerings and customer reach, contributing to its overall profitability.

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	1.22B	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	12.36B	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	961.00M	1.05B	772.00M	1.28B	423.00M	548.00M
Operating Cash Flow	1.07B	1.15B	885.00M	1.47B	629.00M	719.00M
Investing Cash Flow	-977.00M	-1.64B	2.37B	1.41B	-11.58B	-12.20B
Financing Cash Flow	-438.00M	427.00M	-3.20B	-2.81B	11.00B	11.32B

Zions Bancorporation National Association Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZION, the sentiment is Positive. The current price of 59.94 is above the 20-day moving average (MA) of 56.21, above the 50-day MA of 53.29, and above the 200-day MA of 51.18, indicating a bullish trend. The MACD of 1.98 indicates Negative momentum. The RSI at 76.52 is Negative, neither overbought nor oversold. The STOCH value of 86.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ZION.

Zions Bancorporation National Association Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONB	80 Outperform	$9.12B	13.73	8.26%	2.40%	20.72%	3.63%
WTFC	78 Outperform	$9.53B	13.08	11.69%	1.41%	3.58%	13.93%
CFR	77 Outperform	$8.25B	13.28	14.68%	3.06%	2.85%	20.57%
BPOP	77 Outperform	$8.33B	11.06	13.05%	2.32%	5.87%	53.36%
ZION	74 Outperform	$8.85B	10.72	12.71%	2.94%	0.12%	27.30%
CMA	71 Outperform	$11.28B	16.89	9.64%	3.22%	-7.07%	31.09%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Zions Bancorporation National Association Corporate Events

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.