Zions Bancorporation N.A. (ZION)
Fair ValueFundamental
77
Price
$66.20
Market Cap
$9.59B
Part 1 · What the company is worth
Overview
Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments. It offers commercial and small business banking services to small- and medium-sized businesses, such as commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository account and cash management services; commercial and small business cards; merchant processing services; corporate trust services; and correspondent banking and international lending services. The company also provides capital markets and investment banking services, including loan syndications, foreign exchange services, interest rate derivatives, fixed income securities underwriting, mergers and acquisitions advisory services, advisory and capital raising, commercial mortgage-backed security conduit lending, and power and project financing; and commercial real estate lending services consisting of term and construction/land development financing for commercial and residential purposes. In addition, it offers retail banking services comprising residential mortgages lending, home equity lines of credit, personal lines of credit, installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management services consisting of investment management, fiduciary and estate, and advanced business succession and estate planning services. 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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$3.74B
Trailing 12 months (through 6/30/2026)
Net Income
$1.17B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$952M
Total Equity
$7.18B
Total Liabilities
$81.51B
Current Ratio
-
Interest Coverage
0.56
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$82.68
Current Price
$66.20
Margin of Safety
+19.9%
Fair Value Range
$55.15 - $110.22
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
8.43
ROE
12.5%
P/B Ratio
1.26
P/FCF
5.75
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
10.4%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (15)
- EPS shows upward trend
- P/FCF 5.75
- P/B ratio 1.26
- Operating margin 40.2%
- Positive free cash flow
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- ROE 16.1%
- Earnings surprise, average 21.9%
- PEG ratio 0.58
- Earnings quality (operating cash flow / net income) 1.54
- Share dilution -5.6%
- Net margin trend 31.3% vs 26.0%
- Piotroski F-Score 7/9
Failed (6)
- Price CAGR 3.83%
- Debt/equity ratio
- Interest coverage
- Return on tangible assets
- DCF valuation (Fairly Valued)
- Revenue growth 5Y 4.3%
Unavailable (5)
- ROIC –
- Gross margin –
- Dividend payout –
- Current ratio
- Debt/EBITDA
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Harris Henry Simmons | Chairman & CEO | 71 |
| Mr. Scott J. McLean | President, COO & Director | 68 |
| Mr. Robert Ryan Richards | Executive VP & CFO | 48 |
| Mr. Christopher Kyriakakis | Executive VP & Chief Risk Officer | 53 |
| Mr. Kenneth Jay Collins | Executive VP and Chief Transformation & Operations Officer | 59 |
| Ms. Margaret Mayer | Executive VP & Chief Information Officer | - |
| Dave Riches | Interim Director of Investor Relations | - |
| Mr. Eric Lucero | Executive VP & Chief Marketing Officer | - |
| Ms. Christina Miles | Senior VP & Director of Sales | - |
| Mr. Scott A. Law | Executive VP & Chief Human Resources Officer | 59 |
Audit Risk
2
Board Risk
5
Compensation Risk
1
Shareholder Rights Risk
1
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-24
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-19
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much ZION moves, measured on its daily prices.
More volatile than 11% of the tracked stocks (90-day volatility).
- Volatility 30d
- 20.7%
- Volatility 90d
- 21.6%
- Beta vs S&P 500 (1y)
- 0.74Correlation 0.38
- Max drawdown (12m)
- -18.7%
- ATR (14d, % of price)
- 2.05%
Earnings reactions
How ZION moved around its past quarterly results.
Next earnings release
No upcoming release on the calendar.
What usually happens
- Over the last 12 releases the stock moved a median of 2.0% the next day, up or down.
- Next-day moves: up 7, down 5 (out of 12).
- Of the 5 releases that beat estimates, the stock fell the next day after 2.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 19, 2026 | After the close | 1.65 | 1.78 | +8.0% | +0.1% | +2.3% | n/a |
| Jul 20, 2026 | After the close | 1.85 | 3.05 | +65.3% | -5.4% | -4.0% | -4.7% |
| Apr 20, 2026 | After the close | 1.45 | 1.56 | +7.3% | -0.6% | -1.6% | -0.7% |
| Jan 20, 2026 | After the close | 1.59 | 1.76 | +10.4% | +2.2% | +4.2% | +0.1% |
| Oct 20, 2025 | After the close | 1.44 | 1.48 | +2.8% | +1.0% | +1.4% | +1.7% |
| Jul 21, 2025 | After the close | n/a | n/a | n/a | +2.5% | +0.5% | -2.2% |
| Apr 21, 2025 | After the close | n/a | n/a | n/a | -8.5% | -1.1% | +3.0% |
| Jan 21, 2025 | After the close | n/a | n/a | n/a | +0.3% | -1.6% | -2.1% |
| Oct 21, 2024 | After the close | n/a | n/a | n/a | +4.3% | +6.2% | +6.2% |
| Jul 22, 2024 | After the close | n/a | n/a | n/a | +7.8% | +6.2% | +4.7% |
| Apr 22, 2024 | Before the open | n/a | n/a | n/a | 0.0% | +3.5% | +4.6% |
| Jan 22, 2024 | After the close | n/a | n/a | n/a | +0.5% | -1.2% | +3.7% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on ZION and what the price did next.
- 4/17/2026PositiveHow To Earn $500 A Month From Zions Bancorp Stock Ahead Of Q1 Earnings
- +1 day
- +0.7%
- +3 days
- +0.4%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for ZION.
- 4/20/2026NEUTRALZions Bancorp Reports Q1 2026 Results: Full Earnings Call Transcript
Zions Bancorp has released its Q1 2026 earnings call transcript. While the transcript provides a detailed account of the company's performance and outlook, it does not contain specific financial figures or forward-looking statements that would indicate a clear positive or negative shift in its valuation. Investors will need to review the transcript for qualitative insights into management's strategy, operational efficiency, and market positioning. The absence of immediate quantitative data suggests a neutral stance until further analysis of the call's content can be performed.
- 4/17/2026POSITIVEHow To Earn $500 A Month From Zions Bancorp Stock Ahead Of Q1 Earnings
Zions Bancorp is set to announce its first-quarter earnings on April 20th. The article highlights a potentially attractive dividend yield, suggesting it could draw investor interest for capital appreciation. While specific earnings forecasts are not detailed, the focus on dividend yield implies a positive outlook for income-focused investors anticipating steady or increased payouts. This could signal a favorable environment for shareholders looking for consistent returns ahead of the earnings report.