Zions Bancorporation, National Association (ZIONP) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Zions Bancorporation, National Association (ZIONP) Financial Services Profile

Zions Bancorporation, National Association, established in 1873 and headquartered in Salt Lake City, Utah, delivers comprehensive banking and financial services across 11 Western U.S. states. The institution focuses on corporate, commercial, and retail banking, alongside wealth management, serving diverse client needs through its extensive branch network.

What Is the Investment Thesis for ZIONP?

Zions Bancorporation, National Association presents a profile characterized by its established regional banking presence and diversified service offerings across 11 Western U.S. states. The company's financial metrics, including a P/E ratio of 10.05, a profit margin of 19.5%, and a gross margin of 68.9%, indicate operational efficiency and profitability within the regional banking sector. A dividend yield of 2.71% suggests a commitment to shareholder returns. The extensive branch network, comprising 422 locations as of December 31, 2020, provides a stable foundation for deposit gathering and loan origination, particularly within its focus on small- and medium-sized businesses and commercial real estate. Growth catalysts include leveraging economic expansion in its target Western states, continued development of its wealth management segment, and strategic enhancements to its digital banking capabilities. The company's beta of 0.82 suggests relatively lower volatility compared to the broader market, potentially appealing to investors seeking stability within the financial services sector. The diversified revenue streams from corporate, commercial, retail, and wealth management services contribute to a resilient business model.

Based on FMP financials and quantitative analysis

ZIONP Key Highlights

Market capitalization of $10.2B, indicating its scale within the regional banking industry.

• Price-to-Earnings (P/E) ratio of 10.05, reflecting its valuation relative to earnings.
• Profit margin of 19.5%, demonstrating the company's efficiency in converting revenue into net income.
• Gross margin of 68.9%, highlighting strong profitability on its core banking services before operating expenses.
• Dividend yield of 2.71%, providing income to shareholders.

Who Are ZIONP's Competitors?

ZIONP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are ZIONP's Key Strengths?

Extensive geographic footprint across 11 economically diverse Western U.S. states.

• Diversified revenue streams from corporate, commercial, retail, and wealth management services.
• Strong historical presence and brand recognition since 1873.
• Significant physical branch network (422 branches as of 2020) for customer reach and deposit gathering.
• Demonstrated profitability with a 19.5% profit margin and 68.9% gross margin.

What Are ZIONP's Weaknesses?

Reliance on regional economic conditions, making it susceptible to localized downturns.

• Branch network, while extensive, may incur higher operational costs compared to purely digital models.
• Potential for slower growth compared to fintechs or banks in rapidly expanding, less saturated markets.
• Exposure to commercial real estate market fluctuations, a significant part of its lending portfolio.

What Could Drive ZIONP Stock Higher?

ZIONP catalyst: Regional economic growth in Western U.S. states, particularly in areas with strong population influx, could drive increased loan demand and deposit growth for Zions Bancorporation.

• Continued investment in digital banking infrastructure and technology upgrades could enhance operational efficiency, improve customer experience, and attract new, digitally-savvy clients.
• Expansion of wealth management and private client services could lead to higher fee income and a more diversified revenue base, capitalizing on increasing affluence in its operating regions.
• Favorable interest rate movements, specifically a stable or rising rate environment, could positively impact the company's net interest margin and overall profitability.
• Strategic initiatives to deepen relationships with small- and medium-sized businesses could result in increased commercial loan volumes and cross-selling opportunities for other banking services.

What Are the Key Risks for ZIONP?

Financial-distress signal — its Altman Z-Score of 0.55 sits in the distress zone (elevated bankruptcy risk).

• Economic downturns or recessions in key operating states could lead to increased loan defaults, reduced loan demand, and pressure on asset quality.
• Fluctuations in interest rates, particularly a prolonged low-rate environment or rapid, unexpected rate hikes, could negatively impact net interest margin and profitability.
• Intense competition from larger national banks, other regional players, and emerging financial technology (fintech) companies could pressure market share and pricing power.
• Regulatory changes or increased compliance requirements within the banking sector could lead to higher operational costs and limitations on certain business activities.
• Cybersecurity threats and potential data breaches pose a continuous risk to customer trust, financial assets, and the company's reputation, requiring ongoing significant investment in security measures.

What Are the Growth Opportunities for ZIONP?

• Leveraging regional economic expansion: Zions Bancorporation operates across 11 Western U.S. states, many of which exhibit robust population growth and economic activity. This demographic trend fuels demand for residential mortgages, commercial real estate financing, and small business loans. By strategically expanding its presence and service offerings in these high-growth areas, Zions can capture a larger share of the expanding regional banking market. This organic growth strategy, focused on its established geographic footprint, represents a consistent avenue for increasing loan portfolios and deposit bases over the medium to long term.
• Expanding small- and medium-sized business (SMB) banking: The company's stated focus on SMBs presents a significant growth opportunity. SMBs are often underserved by larger national banks and require specialized financial products, including lines of credit, term loans, and treasury management services. By deepening relationships with existing SMB clients and attracting new ones through tailored solutions and local market expertise, Zions can grow its commercial loan portfolio and fee income. This segment is a cornerstone of regional economies and offers stable, recurring revenue potential over the next 3-5 years.
• Growth in wealth management and private client services: As wealth accumulates in its operating regions, the demand for sophisticated wealth management, trust services, and private client banking is expected to increase. Zions Bancorporation's existing offerings in these areas provide a platform for expansion. By enhancing its advisory capabilities, expanding product offerings, and cross-selling to its existing commercial and retail client base, the company can capture a larger share of this high-margin segment. This strategic focus can contribute to diversified revenue streams and higher fee income over the next five years.
• Digital transformation and technology adoption: The banking industry is undergoing significant digital transformation. Zions Bancorporation has an opportunity to invest further in digital banking platforms, mobile applications, and online self-service tools to enhance customer experience and operational efficiency. Modernizing its technology infrastructure can attract younger demographics, improve customer retention, and reduce operational costs. Implementing advanced analytics for personalized product offerings and risk management can also drive growth. This ongoing initiative is critical for competitive relevance and efficiency gains over the next 2-4 years.
• Strategic commercial real estate (CRE) banking: With its established presence in Western U.S. states, Zions Bancorporation is well-positioned to capitalize on commercial real estate development and investment. The company's expertise in this area allows it to provide financing for various property types, including office, retail, industrial, and multifamily. As regional economies expand, demand for new commercial spaces and property investments typically rises. By maintaining strong relationships with developers and investors and prudently managing its CRE portfolio, Zions can continue to grow this significant loan segment, contributing to overall asset growth over the short to medium term.

What Are ZIONP's Competitive Advantages?

• Established regional presence across 11 Western U.S. states, providing deep local market knowledge and relationships.
• Diversified service offerings, including corporate, commercial, retail, wealth management, and capital markets, reducing reliance on a single revenue stream.
• Extensive branch network (422 branches as of 2020) offering physical accessibility and community integration.
• Long operating history since 1873, fostering brand recognition and trust within its target markets.
• Focus on small- and medium-sized businesses, a segment often requiring more personalized service than larger banks provide.

What Does ZIONP Do?

Zions Bancorporation, National Association, originally founded in 1873, has evolved into a prominent regional financial institution headquartered in Salt Lake City, Utah. The company operates across a significant geographic footprint, primarily serving clients in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. This extensive regional presence is supported by a network that, as of December 31, 2020, comprised 422 branches, with 273 owned and 149 leased, demonstrating a substantial physical infrastructure for client engagement. The institution offers a diverse array of banking and related services designed to meet the varied needs of its customer base. These services include robust corporate banking solutions tailored for larger enterprises, and a strong focus on commercial banking, particularly serving the vital small- and medium-sized business (SMB) segment, which is crucial for regional economic vitality. Zions Bancorporation also specializes in commercial real estate banking, providing financing for development and investment properties. Furthermore, it engages in municipal and public finance, supporting local government and public sector initiatives. For individual clients, the company provides comprehensive retail banking services, including residential mortgages, alongside specialized trust services, wealth management, and private client banking for high-net-worth individuals. The company also offers capital markets products and services, expanding its financial toolkit for corporate and institutional clients. The company underwent a name change from ZB, National Association to Zions Bancorporation, National Association in September 2018, reflecting its continued commitment to its established brand and regional identity.

What Products and Services Does ZIONP Offer?

• Provide corporate banking services to larger businesses and institutions.
• Offer commercial banking, with a specific focus on small- and medium-sized businesses.
• Engage in commercial real estate banking, financing various property types.
• Deliver municipal and public finance services to government entities.
• Offer comprehensive retail banking, including residential mortgages, to individual customers.
• Provide trust services for estate planning and asset management.
• Offer wealth management and private client banking for high-net-worth individuals.
• Provide capital markets products and services to corporate and institutional clients.

How Does ZIONP Make Money?

• Generate interest income from loans across corporate, commercial, real estate, and retail segments.
• Earn non-interest income through fees from wealth management, trust services, capital markets, and other banking services.
• Attract and retain customer deposits, which serve as a low-cost funding source for lending activities.
• Manage a diversified portfolio of assets and liabilities to optimize net interest margin.
• Leverage an extensive branch network and digital platforms to deliver services and acquire customers.

What Industry Does ZIONP Operate In?

Zions Bancorporation operates within the highly competitive Banks - Regional industry, a segment characterized by its focus on local economies and community-centric banking. This industry is influenced by interest rate fluctuations, regional economic health, and regulatory changes. Regional banks like Zions typically differentiate themselves through personalized service, local market expertise, and tailored product offerings for small and medium-sized businesses, which often find large national banks less responsive. The competitive landscape includes other regional players such as Webster Financial Corporation (WBS), Synovus Financial Corp. (SNV), Fulton Financial Corporation (FULT), and Cathay General Bancorp (CATY). Zions Bancorporation's extensive branch network across 11 Western U.S. states positions it to capitalize on the economic growth and demographic shifts occurring in these regions, offering a comprehensive suite of services that span corporate, commercial, and retail banking, as well as wealth management.

Who Are ZIONP's Key Customers?

• Corporate clients, including large businesses and institutions.
• Small- and medium-sized businesses (SMBs) seeking commercial loans and treasury services.
• Commercial real estate developers and investors.
• Municipalities and public sector entities requiring financing solutions.
• Individual retail customers seeking checking, savings, and mortgage products.
• High-net-worth individuals utilizing wealth management and private banking services.

Wall Street analysts project Zions Bancorporation, National Association revenue of about $3.52B for fiscal 2026, with EPS near $8.01. The estimate reflects 14 contributing analysts.

Zions Bancorporation, National Association has beaten Wall Street's EPS estimate in 7 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 22.8% above estimates on average.

Zions Bancorporation, National Association's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.55 places it in the distress zone, a signal of elevated financial risk.

Return on equity for Zions Bancorporation, National Association stands at 16.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.3%, showing how much profit it generates from its asset base. ZIONP trades at a trailing price-to-earnings ratio of 8.94, below the Financial Services sector average of ~18x. Its free cash flow yield is 19.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.28 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 11.2%, the inverse of the P/E and a quick read on earnings relative to price.

Zions Bancorporation, National Association (ZIONP) Valuation Context

Valued at $10.2B, ZIONP is classified as a large-cap stock. Relative to its peer group, ZIONP's quantitative score of 91/100 is roughly in line with the peer average of 84/100.

ZIONP Revenue & Earnings Trend

In Q2 2026, ZIONP generated $1.48B in top-line revenue, marking a sequential increase of 25.0%. The company recorded net income of $453.0M, with diluted EPS of $3.05. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Financial Services. Across the four most recent quarters, ZIONP averaged $1.96 in diluted EPS.

Company Profile

Zions Bancorporation, National Association operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Salt Lake City, US. The company is led by CEO Harris Henry Simmons. ZIONP has traded publicly since 2007.

ZIONP Financials

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ZIONP MoonshotScore

Common Questions About ZIONP (Financial Services)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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