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Earnings transcript
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ZION
Zions Bancorporation, National Association
$64.83
1.58
(2.5%)
| Exchange: | NASDAQ |
| Market Cap: | 9.536B |
| Shares Outstanding: | 45.2M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Harris Henry Simmons | |||||
| Full Time Employees: | 9392 | |||||
| Address: |
| |||||
| Website: | https://www.zionsbancorporation.com |
Headquartered in Salt Lake City, Utah, Zions Bancorporation, National Association is a long-standing financial institution, founded in 1873. Operating primarily across the western United States, it delivers a comprehensive suite of banking and financial services throughout Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company’s diverse offerings encompass corporate banking, commercial banking (with a particular emphasis on small and medium-sized businesses), and commercial real estate financing. It also extends municipal and public finance services, retail banking (including residential mortgages), trust services, wealth management and private client banking, and capital markets products. As of December 31, 2020, Zions Bancorporation maintained a network of 422 branches, consisting of 273 owned and 149 leased locations. The institution, initially known as ZB, National Association, officially adopted its current name, Zions Bancorporation, National Association, in September 2018.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,624,000 | 4,993,000 | 4,944,000 |
| Gross Profit | 2,983,000 | 3,058,000 | 3,315,000 |
| EBITDA | 1,026,000 | 1,136,000 | 1,291,000 |
| Operating Income | 886,000 | 1,012,000 | 1,175,000 |
| Net Income | 680,000 | 784,000 | 899,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 87,203,000 | 88,775,000 | 88,990,000 |
| Total Liabilities | 81,512,000 | 82,651,000 | 81,810,000 |
| Total Stockholders Equity | 5,691,000 | 6,124,000 | 7,180,000 |
| Total Debt | 4,543,000 | 4,367,000 | 4,576,000 |
| Cash and Cash Equivalents | 2,204,000 | 3,501,000 | 683,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 885,000 | 1,148,000 | 0 |
| Capital Expenditure | -113,000 | -97,000 | 0 |
| Free Cash Flow | 772,000 | 1,051,000 | 0 |
| Net Income | 680,000 | 784,000 | 899,000 |
| Net Change in Cash | 59,000 | -65,000 | -651,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,830,139.518 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 3,874,994.154 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 3,852,566.836 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,203,328.578 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,217,420.719 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,210,374.649 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 946,132.693 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,141,365.887 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 995,058.300 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,297,918.727 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,313,118.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,305,518.668 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 7.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 7.760 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.430 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 6 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Performance: ZION has demonstrated consistent revenue generation as per the latest income statements, reflecting a stable operational base. This is supported by strong gross profit margins (grossProfitMarginTTM) and positive net income trends, indicating effective cost management and profitability.
- Strong Cash Flow Metrics: The company exhibits robust free cash flow (freeCashFlowYieldTTM and freeCashFlow from cash flow statements), which provides financial flexibility for reinvestment, debt management, or dividend payouts. Positive net cash provided by operating activities further underscores operational efficiency.
- Favorable Industry Positioning: ZION benefits from operating within a sector and industry showing positive performance trends (industry_perf1w, industry_perf1m, etc.), suggesting a supportive market environment. This aligns with the company’s ability to maintain competitive metrics like roeTTM and roicTTM compared to industry averages.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates ZION intrinsic value between $73.44 – $105.05 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about ZION valuation
Is Zions Bancorporation, National Association (ZION) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Zions Bancorporation, National Association (ZION) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ZION a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ZION trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ZION’s P/E ratio?
You can see ZION’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ZION?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ZION a good long-term investment?
Whether ZION fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ZION
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Daily snapshot
2.5
Trading Metrics:
| Open: | 63.83 | Previous Close: | 63.25 | |
| Day Low: | 63.64 | Day High: | 65.38 | |
| Year Low: | 46.19 | Year High: | 66.18 | |
| Price Avg 50: | 61.34 | Price Avg 200: | 57.9 | |
| Volume: | 2.038M | Average Volume: | 1.533M |
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Welcome to MARKETSNAP’s SWOT analysis for Zions Bancorporation, or as some of you might know it by its ticker, ZION. If you’re a long-term investor looking to build wealth and dig into the nitty-gritty of a regional banking player, you’re in the right place. Today, we’re breaking down Zions Bancorporation with a full SWOT analysis—Strengths, Weaknesses, Opportunities, and Threats—to help you figure out if this stock fits into your portfolio. Let’s dive in with a quick overview of who they…
