Zions Bancorporation, National Association (ZION) Stock

Zions Bancorporation, National Association (ZION) is a Financials stock trading at $67.90 (as of 2026-08-20), with a market capitalization of $9.99B and a trailing P/E of 10.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Zions Bancorporation, National Association provides banking and related services in multiple U.S. states, including corporate, commercial, and retail banking, as well as commercial real estate, municipal and public finance, trust services, wealth management, and capital markets. Its services are offered through a branch network serving customers across these regions.

Understand Zions Bancorporation, National Association: how it makes money

Zions Bancorporation provides banking and related services, including corporate and commercial banking, commercial real estate and municipal and public finance services, retail banking such as residential mortgages, trust and wealth management, and capital markets products, with core earnings tied to its lending and net interest income.

For a bank, profit generation primarily depends on taxable-equivalent net interest income, and it can be challenged by credit quality outcomes (nonperforming assets and net charge-offs) while day-to-day results also track operating efficiency (efficiency ratio).

Business quality (Solid): The provided data includes key operating indicators for net interest income, credit quality, and efficiency, but it does not include a clean reportable segment revenue breakdown.

Valuation: At 10× earnings, ZION trades 24% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Capital strength shown in the latest quarter: Common Equity Tier 1 Ratio is 11.5%.
  • Operating efficiency tracked via an adjusted measure: Efficiency Ratio (Adjusted) is 65.0%.
  • Credit quality indicators are presented and can be monitored: Nonperforming Assets Ratio is 0.51% and Allowance for Credit Losses Ratio is 1.16%.

Bear case

  • Credit losses and asset quality pressures remain key risks: Nonperforming Assets are 0.29 USD_B and Net Loan and Lease Charge-Offs are 0.06 USD_B.
  • Uncertainty in credit and provisioning can affect results: The need to manage the Allowance for Credit Losses Ratio (1.16%) highlights sensitivity to credit performance.
Valuation — source: SEC EDGAR (first-party)
Price$67.90
Market Cap$9.99B
P/E Ratio10.4
Price / Book1.37
Price / Sales14.77
FCF Yield12.0%
DCF Value (model)$95.23
DCF Upside vs Price40.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$662.00M
Net Margin135.8%
Revenue Growth (YoY)8.9%
EPS Growth (YoY)38.1%
FCF Growth (YoY)161.8%
Valuation vs Sector & Industry
Stock P/E10.4
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-31.4%
vs Industry-19.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.08B)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorFinancials
IndustryBanking
CEOHarris Henry Simmons
Employees9,392
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

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  • First Horizon Corporation (FHN)
  • UMB Financial Corporation (UMBF)
  • Cullen/Frost Bankers, Inc. (CFR)
  • Old National Bancorp (ONB)
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ZION earnings history · ZION institutional & insider holders · ZION KPIs & operating metrics · ZION financials · ZION investor presentations & press releases · ZION SEC filings · ZION peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.