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Zions Bancorporation, National Association (ZION) stock

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NASDAQ: ZION Nasdaq Regional Banks Next results ~January 19, 2027

B Fundamentals grade

Zions Bancorporation, National Association is a US-listed company in the regional banks industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 7 selling1 purchase and 21 sales by directors and officers, last 12 monthsInsider trades
  • Funds325 adding, 198 cuttingOf 64 active managers that changed their stake, 34 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Zions Bancorporation files

Where Zions Bancorporation, National Association stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $694m, up 5.8% on a year earlier, faster than 4.6% a quarter earlier.

Our model value for Zions Bancorporation is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 19, 2027 (estimated)

Zions Bancorporation, National Association's trailing-twelve-month revenue grew 15.2% year on year, with a free-cash-flow margin of 44.9%. Where it stands out: change in growth rate of +7.1pp ranks 32 of 244 regional banks companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 160.5% while net income grew 38.7%: a 122pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 15.2% over the last 12 months, against a median of 12.5% for regional banks companies we cover.
  • Growth speeding up. The growth rate is 7.1 points higher than a quarter earlier.
  • Strong cash generation. 44.9% of revenue turned into free cash flow.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Short interest rising. Shares sold short rose 23% in a month to 5.9% of tradable shares.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.78 against an average estimate of $1.65: beat by 8.0%
Revenue
$1.14bn, up 35.7% on a year earlier
Share reaction
+1.9% in the first session after the results on October 19, 2026, against +0.8% for the S&P 500
Next report
October 19, 2026; average EPS estimate $1.71

Zions Bancorporation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week+0.3%
  • 1 month+4.3%
  • This year+15.9%
  • 1 year+31.2%
  • 5 years+21.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.7B
Net margin
31.3%
EPS (TTM, diluted)
$7.97

Growth

Revenue growth
+15.2%
Change in growth rate
+7.1 pts
Share count change
−0.2%

Earnings

Last results
October 19, 2026
Next results (est.)
January 19, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Buyback
  2. Leadership
  3. Results
  4. Leadership
  5. Leadership
  6. Insider trade
  7. Deal
  8. Insider trade
  9. Financing
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

No model value for Zions Bancorporation, National Association at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Zions Bancorporation, National Association as a bank or lender, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.9 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$91 ~$66–$130 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$98 ~$84–$120 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$82 ~$53–$110 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$42 ~$54–$81 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$67 ~$64–$81 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$110 ~$90–$130 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Zions Bancorporation, National Association with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

78 /100

Strong moat

How hard Zions Bancorporation's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 1.0% of total assets over 10 years.

  • Durability 18 / 20

    Net margin has been a median 26.3%; its worst year was 17.4%.

  • Discipline 20 / 20

    The diluted share count fell 9.9% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (83 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Zions Bancorporation, National Association: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $6.72 +15% $3.6bn +6%
Next $6.94 +3% $3.7bn +3%

Next year's EPS estimate has moved +2.0% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.3% on 90 days ago. In the last 30 days, 5 analysts raised Zions Bancorporation, National Association's forecast and 3 cut it.

Consensus EPS forecast Zions Bancorporation, National Association, last 90 days
$6.50 $6.60 $6.70 $6.80 $6.90 $7.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $6.57 Current fiscal year, 60 days ago: $6.57 Current fiscal year, 30 days ago: $6.58 Current fiscal year, 7 days ago: $6.60 Current fiscal year, Now: $6.72 $6.72 Next fiscal year, 90 days ago: $6.81 Next fiscal year, 60 days ago: $6.80 Next fiscal year, 30 days ago: $6.84 Next fiscal year, 7 days ago: $6.83 Next fiscal year, Now: $6.94 $6.94

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $6.57$6.81
60 days ago $6.57$6.80
30 days ago $6.58$6.84
7 days ago $6.60$6.83
Now $6.72$6.94

Earnings against estimates

Zions Bancorporation, National Association: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $1.65 $1.78 +8.0%
Jun 2026 $1.57 $1.64 +4.3%
Mar 2026 $1.43 $1.54 +8.0%
Dec 2025 $1.57 $1.64 +4.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 20, 2026

No numeric guidance in Zions Bancorporation, National Association's latest earnings release (filed July 20, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

23 analysts, Oct 2026
Buy835%
Hold1148%
Sell417%

Monthly trend

  1. Oct 20268112223
  2. Sep 20267122223
  3. Aug 2026612222
  4. Jul 2026612222

Counts of recommendations published by analysts covering Zions Bancorporation, National Association, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.9%
of tradable shares
Days to cover
4.58
at average volume
Short interest, 1 month
+23%
to October 15, 2026
Held by institutions
86%
of shares
Held by insiders
1.3%
of shares
Employees
8,996
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +31.3%

$50.57 on October 31, 2025 to $66.38

Zions Bancorporation, National Association: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $3.2bn $3.7bn +15.2%
Net margin 26.0% 31.3% +20.4%
P/E multiple 8.8x 8.3x −5.6%
Share count 147m 147m +0.2%

Biggest factor: net margin.

Last 3 years +111.7%

$31.36 on November 3, 2023 to $66.38

Zions Bancorporation, National Association: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $3.3bn $3.7bn +12.6%
Net margin 26.5% 31.3% +18.2%
P/E multiple 5.3x 8.3x +57.2%
Share count 149m 147m +1.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Zions Bancorporation, National Association: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
ZION+49%−20%−6%+28%+12%+16%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ZION83%58%33%50%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ZION−21%−37%−63%−15%−29%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 72% from February 15, 2022 to May 4, 2023. Getting back needed a 260% gain, reached on February 6, 2026, 1009 days after the low.

Price behaviour

52-week range
$47.88 – $72.82
From 52-week high
−8.8%
vs 50-day average
+1.6%
vs 200-day average
+4.8%
Volatility (1 year)
25%
Beta vs S&P 500
0.72

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±3.1%
After a week
7 up, 5 down
typical move ±3.4%
After a month
5 up, 6 down
typical move ±5.9%
Zions Bancorporation, National Association: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 19, 2026 +1.9% +0.8% +4.0% —
July 20, 2026 −4.5% +0.7% −5.2% −1.2%
April 20, 2026 −1.1% −0.9% −0.2% −3.3%
January 20, 2026 +3.3% −0.9% −0.8% +3.9%
October 20, 2025 +6.1% +1.0% +6.4% +0.2%
July 21, 2025 +0.1% +0.2% −2.5% −5.7%
April 21, 2025 −2.6% +0.2% +1.5% +10.8%
January 21, 2025 +0.1% +1.5% −0.5% −4.3%
October 21, 2024 +2.5% −0.2% +2.5% +15.6%
July 22, 2024 +7.2% +0.9% +5.8% −4.5%
April 22, 2024 +4.6% +2.1% +3.5% +11.3%
January 22, 2024 +2.8% +0.5% +8.0% −3.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Zions Bancorporation, National Association in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Zions Bancorporation, National Association
$3B $3.2B $3.4B $3.6B $3.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.3B Revenue (TTM), FY23 Q4: $3.1B Revenue (TTM), FY24 Q1: $3B Revenue (TTM), FY24 Q2: $3B Revenue (TTM), FY24 Q3: $3B Revenue (TTM), FY24 Q4: $3.1B Revenue (TTM), FY25 Q1: $3.2B Revenue (TTM), FY25 Q2: $3.2B Revenue (TTM), FY25 Q3: $3.3B Revenue (TTM), FY25 Q4: $3.4B Revenue (TTM), FY26 Q1: $3.4B Revenue (TTM), FY26 Q2: $3.7B $3.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.3B
FY23 Q4 $3.1B
FY24 Q1 $3B
FY24 Q2 $3B
FY24 Q3 $3B
FY24 Q4 $3.1B
FY25 Q1 $3.2B
FY25 Q2 $3.2B
FY25 Q3 $3.3B
FY25 Q4 $3.4B
FY26 Q1 $3.4B
FY26 Q2 $3.7B
Revenue growth, TTM YoY Zions Bancorporation, National Association
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 7.8% Revenue growth, TTM YoY, FY23 Q4: -1.2% Revenue growth, TTM YoY, FY24 Q1: -8.7% Revenue growth, TTM YoY, FY24 Q2: -9.2% Revenue growth, TTM YoY, FY24 Q3: -6.6% Revenue growth, TTM YoY, FY24 Q4: 0.5% Revenue growth, TTM YoY, FY25 Q1: 5.5% Revenue growth, TTM YoY, FY25 Q2: 7.6% Revenue growth, TTM YoY, FY25 Q3: 9.0% Revenue growth, TTM YoY, FY25 Q4: 8.1% Revenue growth, TTM YoY, FY26 Q1: 8.0% Revenue growth, TTM YoY, FY26 Q2: 15.2% 15.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 7.8%
FY23 Q4 -1.2%
FY24 Q1 -8.7%
FY24 Q2 -9.2%
FY24 Q3 -6.6%
FY24 Q4 0.5%
FY25 Q1 5.5%
FY25 Q2 7.6%
FY25 Q3 9.0%
FY25 Q4 8.1%
FY26 Q1 8.0%
FY26 Q2 15.2%
FCF margin (TTM) Zions Bancorporation, National Association
0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 46.2% FCF margin (TTM), FY23 Q4: 24.8% FCF margin (TTM), FY24 Q1: 26.9% FCF margin (TTM), FY24 Q2: 15.6% FCF margin (TTM), FY24 Q3: 9.5% FCF margin (TTM), FY24 Q4: 33.6% FCF margin (TTM), FY25 Q1: 30.5% FCF margin (TTM), FY25 Q2: 19.9% FCF margin (TTM), FY25 Q3: 29.0% FCF margin (TTM), FY25 Q4: 28.1% FCF margin (TTM), FY26 Q1: 34.8% FCF margin (TTM), FY26 Q2: 44.9% 44.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 46.2%
FY23 Q4 24.8%
FY24 Q1 26.9%
FY24 Q2 15.6%
FY24 Q3 9.5%
FY24 Q4 33.6%
FY25 Q1 30.5%
FY25 Q2 19.9%
FY25 Q3 29.0%
FY25 Q4 28.1%
FY26 Q1 34.8%
FY26 Q2 44.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Zions Bancorporation earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $4.2B
  2. Fee and other income $758M · 22.4%
  3. Interest paid $1.6B
  4. Net interest income $2.6B · 77.6%
  5. Revenue $3.4B
  6. Non-interest expense $2.1B · 63.2%
  7. Credit-loss provisions $71M · 2.1%
  8. Pre-tax profit $1.2B · 34.7%
  9. Income tax $276M · 8.2%
  10. Net income $899M · 26.6%
Where Zions Bancorporation's revenue went, FY2025
Interest income $4.2B
Fee and other income $758M 22.4% of revenue
Interest paid $1.6B
Net interest income $2.6B 77.6% of revenue
Revenue $3.4B
Non-interest expense $2.1B 63.2% of revenue
Credit-loss provisions $71M 2.1% of revenue
Pre-tax profit $1.2B 34.7% of revenue
Income tax $276M 8.2% of revenue
Net income $899M 26.6% of revenue

Shares of revenue. Source: Zions Bancorporation's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Zions Bancorporation, National Association: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2.7 2.2 2.3 2.2 2.0 2.2 2.1 2.4 2.6 2.8 2.8 2.8 2.9 3.2 3.1 3.1 3.4 3.7
Net income −1.2 −0.3 0.3 0.3 0.3 0.3 0.2 0.4 0.6 0.9 0.8 0.5 1.1 0.9 0.7 0.8 0.9 1.2
Diluted EPS −$9.92 −$2.48 $0.83 $0.97 $1.58 $1.68 $1.20 $1.99 $2.60 $4.08 $4.16 $3.02 $6.79 $5.79 $4.35 $4.95 $6.01 $7.97
Growth (year on year)
Revenue +24.9% −19.8% +4.0% −4.5% −5.5% +6.8% −4.6% +15.0% +9.5% +6.7% +2.0% −1.7% +4.3% +8.3% −1.2% +0.5% +8.1% +15.2%
Net income — — — +7.9% −24.5% +23.8% −24.4% +66.4% +33.8% +60.7% −7.7% −33.9% +109.5% −19.7% −25.0% +15.3% +14.7% +38.7%
Diluted EPS — — — +16.9% +62.9% +6.3% −28.6% +65.8% +30.7% +56.9% +2.0% −27.4% +124.8% −14.7% −24.9% +13.8% +21.4% +39.1%
Margins
Net margin −45.0% −13.5% 14.4% 16.2% 13.0% 15.0% 11.9% 17.2% 21.1% 31.8% 28.8% 19.3% 38.8% 28.8% 21.8% 25.0% 26.6% 31.3%
Free-cash-flow margin 35.6% 71.5% 44.0% 31.0% 36.7% 9.4% 14.8% 16.8% 29.1% 37.6% 20.4% 19.6% 14.5% 40.6% 24.8% 33.6% 28.1% 44.9%
Cash flow
Cash from operations 1.1 1.5 1.1 0.7 0.8 0.4 0.5 0.6 0.9 1.2 0.7 0.7 0.6 1.5 0.9 1.1 1.1 1.8
Capital spending 0.1 −0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1
Free cash flow 1.0 1.6 1.0 0.7 0.7 0.2 0.3 0.4 0.8 1.0 0.6 0.5 0.4 1.3 0.8 1.1 1.0 1.7
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.9 1.5 1.0 0.6 0.7 0.2 0.3 0.4 0.7 1.0 0.6 0.5 0.4 1.3 0.7 1.0 0.9 1.6
Balance sheet
Cash — — — — — — — — 0.5 0.6 0.7 0.5 0.6 0.7 0.7 0.7 0.7 0.8
Total debt 2.2 2.7 2.6 2.7 2.5 1.1 0.8 0.5 0.4 6.4 3.8 2.9 1.9 11.1 4.9 4.8 4.6 2.0
Net debt (negative = net cash) — — — — — — — — −0.2 5.8 3.1 2.4 1.3 10.4 4.2 4.1 3.9 1.2
Diluted shares 124m 166m 183m 183m 184m 193m 204m 204m 210m 207m 187m 166m 160m 150m 148m 147m 147m 147m
Returned to shareholders
Dividends 0.1 −0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Buybacks — — — — — 0.0 0.0 0.1 0.3 0.7 1.1 0.1 0.8 0.2 0.1 0.0 0.0 0.2
Total returned 0.1 −0.1 0.2 0.1 0.1 0.1 0.1 0.2 0.5 0.9 1.4 0.3 1.1 0.5 0.3 0.3 0.3 0.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$152M
Dividends (TTM)
$272M
Returned to shareholders
25%
of free cash flow
Buybacks, last 3 fiscal years
$128M
Diluted share count
−0.2%
year over year
Total shareholder yield
4.4%
dividends 2.8% + buybacks 1.6% of market value
Dividend payout ratio
23%
of net income paid out

Competitors: side by side with peers

Closest by revenue in regional banks
Growth, margins and cash generation against peers
Last 12 months unless stated ZION FHN WAL BPOP EWBC UMBF Median
Revenue, last 12 months $3.7bn $3.5bn $4.0bn $3.4bn $3.1bn $3.0bn $255m
Revenue growth, last 12 months 15.2% 10.3% 17.9% 9.9% 13.7% 27.3% 12.5%
Revenue growth, 3-year average 4.0% −1.1% 15.0% 2.5% 6.0% 27.2% 6.0%
Revenue growth, latest quarter 35.7% 6.9% 8.1% 9.2% 12.5% 13.9% 10.7%
Net margin 31.3% 29.9% 24.9% 28.9% 46.6% 34.3% 28.7%
Cash from operations / revenue 48.2% 30.0% −4.1% 29.9% 63.7% 39.4% 34.3%
Free-cash-flow margin 44.9% 28.8% −6.9% 24.1% 63.7% 37.9% 31.4%
Free-cash-flow margin, 3-year average 26.8% 35.1% −55.7% 19.2% 57.8% 31.8% 29.9%
Stock pay / revenue 1.0% 1.6% 1.3% — 2.8% 1.4% 1.2%
Change in share count −0.2% −6.4% −1.2% −6.5% −0.4% 14.4% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 15.2% 12.5% 98 of 245
Change in growth rate Growth +7.1pp +0.0pp 32 of 244
Net margin Profitability 31.3% 28.7% 82 of 245
Stock pay as % of revenue Cash generation 1.0% 1.3% 64 of 206
Change in share count Balance sheet -0.2% 0.4% 86 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Products and Services Commercial Account Fees $185M ▲ 1.6%
Products and Services Card Fees $139M ▼ 3.5%
Products and Services Retail and Business Banking Fees $74M ▲ 10.4%
Products and Services Other Customer Related Fees $58M ▲ 5.5%
Products and Services Wealth Management Fees $54M 0.0%
Products and Services Capital Markets Fees $19M ▲ 72.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From Zions Bancorporation, National Association's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$8.4B
Institutions reporting
595
Shares held vs prior quarter
▲ 5.6%
Positions opened / closed
71 / 38

Top buyers and sellers, Q2 2026: 325 institutions bought and 198 sold ; the biggest buyer was Azora Capital LP (+755K shares) and the biggest seller Balyasny Asset Management L.P (−631K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $982M 14.2M 11.7% ▲ 1.3%
Vanguard Portfolio Management LLC $769M 11.1M 9.1% ▲ 2.3%
Dimensional Fund Advisors LP $529M 7.6M 6.3% ▲ 2.2%
Vanguard Capital Management LLC $459M 6.6M 5.4% ▲ 0.5%
State Street Corp $410M 5.9M 4.9% ▲ 0.8%
LSV Asset Management $267M 3.9M 3.2% ▼ 1.3%
Geode Capital Management, LLC $212M 3.1M 2.5% ▲ 0.9%
Morgan Stanley $210M 3.0M 2.5% ▼ 0.6%
Two Sigma Investments, LP $193M 2.8M 2.3% ▲ 27.9%
Fuller & Thaler Asset Management, Inc. $183M 2.6M 2.2% ▲ 2.1%
Fiduciary Management Inc $179M 2.6M 2.1% ▼ 7.1%
AQR Capital Management LLC $178M 2.6M 2.1% ▲ 14.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Zions Bancorporation, National Association's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Law Scott A. Executive Vice President August 4, 2026 Sell 903 $72.36 $65,341
Law Scott A. Executive Vice President August 4, 2026 Sell 3,705 $72.44 $268,390
Mclean Scott J President August 4, 2026 Sell 14,465 $70.63 $1M
Mclean Scott J President August 4, 2026 Sell 18,820 $70.63 $1.3M
Mclean Scott J President August 3, 2026 Sell 32,000 $70.84 $2.3M
Mclean Scott J President August 3, 2026 Sell 18,000 $70.56 $1.3M
Steward Derek Executive Vice President July 28, 2026 Sell 894 $69.65 $62,267
Mclean Scott J President July 28, 2026 Sell 6,650 — $0
Smith Jennifer Anne Executive Vice President May 8, 2026 Sell 4,209 $62.50 $263,072
Smith Jennifer Anne Executive Vice President May 4, 2026 Sell 550 $62.96 $34,628
Simmons Harris H Chairman & CEO February 24, 2026 Buy 4,500 $59.03 $265,635
Arbuckle Jason D. SVP - Controller February 20, 2026 Sell 190 $61.77 $11,736

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Zions Bancorporation, National Association disclosed in the last 12 months; 3 earlier trades on record.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded April 29, 2025, filed May 6, 2025
  • Dean Phillips(D-MN 3):Purchase, $1,001 - $15,000, traded April 2, 2020, filed May 7, 2020
  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 24, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 19, 2027 estimated from the company's past filing pattern, not announced

  • October 19, 2026
  • July 20, 2026
  • April 20, 2026
  • January 20, 2026
  • October 20, 2025
  • July 21, 2025

Recent SEC filings

Data status

When each part of this page on Zions Bancorporation, National Association was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Zions Bancorporation, National Association in brief

What does Zions Bancorporation, National Association do?
Zions Bancorporation, National Association is a US-listed company in the regional banks industry. Its financial year ends in December.
What is Zions Bancorporation, National Association's stock ticker?
Zions Bancorporation, National Association trades under the ticker ZION on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Zions Bancorporation, National Association's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Zions Bancorporation, National Association reported revenue of $3.7B, 15.2% higher than a year earlier, according to its SEC filings.
What is Zions Bancorporation, National Association's free cash flow?
Zions Bancorporation, National Association's free-cash-flow margin is 44.9% of revenue over the trailing twelve months.
Who are Zions Bancorporation, National Association's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Zions Bancorporation, National Association buying back stock, and does it pay a dividend?
Zions Bancorporation, National Association spent $152M on share repurchases over the trailing twelve months, and its diluted share count fell 0.2% over the year.
What is Zions Bancorporation, National Association's market cap?
On November 2, 2026, Zions Bancorporation, National Association's market capitalisation was about $9.7B, with a price-to-earnings ratio of 8.3 and net debt of $1.2B. Market figures come from third-party market data and may be delayed.
Does Zions Bancorporation, National Association pay a dividend?
Yes: Zions Bancorporation, National Association paid $272M in dividends over the trailing twelve months, a dividend yield of 2.81% and a payout ratio of 23.2%.
Who are Zions Bancorporation, National Association's competitors?
In our Regional Banks peer group, the companies closest to Zions Bancorporation, National Association are First Horizon Corp, Western Alliance Bancorporation, Popular, Inc., East West Bancorp Inc and UMB Financial Corp. The side-by-side comparison below sets their revenue, margins and growth against Zions Bancorporation, National Association's.
Are insiders buying or selling Zions Bancorporation, National Association stock?
Over the last 12 months, Zions Bancorporation, National Association's directors and officers reported 1 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is Zions Bancorporation, National Association's next earnings date?
Around January 19, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Zions Bancorporation, National Association announces its own schedule.