Zions Bancorporation National Association (ZION) Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for ZION from our risk checks.
ZION Community Fair Values
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Analyst Price Targets
Top Community Narratives
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Community Contributor
Earnings Beat
Zion Bank will be releasing their Quarterly Earnings Report on 10-21-24. 4 out of 4 of their last reports were all beats.
View narrativeUS$76.48
FV
17.3% undervalued intrinsic discount15.00%
Revenue growth p.a.
27
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Zions Bancorporation, National Association Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$63.25 |
| 52 Week High | US$66.18 |
| 52 Week Low | US$46.19 |
| Beta | 0.81 |
| 1 Month Change | 1.20% |
| 3 Month Change | 14.13% |
| 1 Year Change | 28.30% |
| 3 Year Change | 109.16% |
| 5 Year Change | 17.09% |
| Change since IPO | 1,559.02% |
Recent News & Updates
Narrative Update • Jun 05
ZION: Stable Credit And Buybacks Will Support Future Earnings And Multiple Repricing
Analysts have nudged their fair value estimate for Zions Bancorporation National Association higher from $67.90 to $68.75, reflecting a series of recent price target increases across the Street that cite updated views on the bank's earnings profile and risk assumptions. Analyst Commentary Recent Street research on Zions Bancorporation National Association includes a cluster of target changes and one rating upgrade, giving you a mix of both optimistic and cautious views to weigh against the updated fair value estimate.Narrative Update • Apr 27
ZION: Stable Credit And Buybacks Will Support Future Margin And Multiple Repricing
The analyst price target for Zions Bancorporation National Association has increased to $67.90 from $65.43. Analysts cite a modestly lower discount rate, slight adjustments to revenue growth expectations, a small uplift in profit margin assumptions, and a higher future P/E multiple to support the change.Recent updates
Narrative Update • Jun 05
ZION: Stable Credit And Buybacks Will Support Future Earnings And Multiple Repricing
Analysts have nudged their fair value estimate for Zions Bancorporation National Association higher from $67.90 to $68.75, reflecting a series of recent price target increases across the Street that cite updated views on the bank's earnings profile and risk assumptions. Analyst Commentary Recent Street research on Zions Bancorporation National Association includes a cluster of target changes and one rating upgrade, giving you a mix of both optimistic and cautious views to weigh against the updated fair value estimate.Narrative Update • Apr 27
ZION: Stable Credit And Buybacks Will Support Future Margin And Multiple Repricing
The analyst price target for Zions Bancorporation National Association has increased to $67.90 from $65.43. Analysts cite a modestly lower discount rate, slight adjustments to revenue growth expectations, a small uplift in profit margin assumptions, and a higher future P/E multiple to support the change.Seeking Alpha • Apr 21
Zions Bancorporation: Q1 Results Affirm The Strength Of Its Underwriting
Summary Zions Bancorporation delivered solid Q1 results, reinforcing its decentralized community banking model and effective balance sheet management. The deposit mix improved as non-interest-bearing balances rose $2 billion, enabling ZION to reduce high-cost funding and support net interest margin stability. Credit quality remains robust, with low NDFI exposure, strong reserves, and manageable risks; October’s credit loss appears isolated, not systemic. I expect ZION to deliver mid-teens total returns over the next year, driven by multiple expansion toward 11x earnings and a secure 2.9% dividend yield. Read the full article on Seeking AlphaNarrative Update • Apr 11
ZION: Stable Credit And Buybacks Will Support Future Operating Leverage
The analyst price target for Zions Bancorporation National Association has been adjusted slightly lower to reflect a fair value move from about $66.27 to $65.43, as analysts balance recent target cuts from several firms with prior upgrades that highlight stable capital, solid credit trends, and potential operating leverage. Analyst Commentary Recent research on Zions Bancorporation National Association reflects a mix of optimism about capital strength and operating leverage, alongside caution around earnings power and valuation risk.Narrative Update • Mar 28
ZION: Positive Operating Leverage And Buybacks Will Support Future Upside
Analysts made a modest trim to the updated fair value estimate for Zions Bancorporation National Association to about $66 per share, as a cluster of recent price target changes and rating shifts point to a more balanced view of risk and reward in regional banks. Analyst Commentary Recent research around Zions Bancorporation National Association has shifted toward a more balanced mix of optimistic and cautious views, with several firms adjusting ratings and targets while largely keeping fair value assessments in a relatively tight range.Narrative Update • Mar 10
ZION: Positive Operating Leverage And Credit Wildcard Will Drive Future Upside
The analyst price target for Zions Bancorporation National Association edges slightly higher to $66.71 from $66.57, as analysts factor in modestly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E. Recent research also points to improving operating leverage potential and what many see as an attractive entry point among regional banks at current levels.Narrative Update • Feb 24
ZION: Regional Bank Tailwinds And Credit Wildcard Will Drive Upside Potential
Analysts have made only a slight adjustment to their price target for Zions Bancorporation National Association, keeping fair value essentially unchanged at about $67 while refining assumptions such as the discount rate and forward P/E after a mix of target hikes and a downgrade across recent research reports. Analyst Commentary Recent research on Zions Bancorporation National Association presents a mixed picture, with several firms refining price targets and at least one downgrade balancing out a series of target increases.Narrative Update • Feb 08
ZION: Regional Bank Tailwinds And Credit Wildcard Will Guide Steady Fair Value Path
Analysts have nudged their average price target for Zions Bancorporation National Association higher by about $0.50, with small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions reflecting a series of recent target increases across the Street. Analyst Commentary Street research on Zions Bancorporation National Association over the past several months shows a cluster of price target moves, rating changes, and updated views on regional banks as a group.Narrative Update • Jan 23
ZION: Regional Tailwinds And Credit Wildcard Will Shape Steady Fair Value Path
The updated analyst price target for Zions Bancorporation National Association has edged higher to about $66. This reflects slightly adjusted assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E, in line with a recent wave of modest target increases from multiple firms.Narrative Update • Jan 08
ZION: Credit Clarity And Regional Tailwinds Will Balance Fraud Risk
Narrative Update Overview The analyst price target for Zions Bancorporation National Association has been revised higher by about US$3 to reflect updated assumptions around fair value, profit margins, revenue growth, and a lower future P/E multiple. Analysts point to broadly improving regional bank fundamentals and generally supportive recent research commentary as key drivers for the change.Narrative Update • Dec 16
ZION Will Navigate Fraud Headlines As Credit Clarity And Fundamentals Improve
Analysts have nudged their price target on Zions Bancorporation National Association slightly lower, trimming fair value by about $0.21 per share to approximately $62.09. They are balancing improving credit clarity and core loan and deposit momentum against modestly softer long term growth and profitability assumptions.Narrative Update • Oct 09
Digital Platforms And Mountain West Trends Will Shape Future Banking
Zions Bancorporation National Association’s analyst price target has increased from $61.62 to $62.30. This reflects analysts’ more constructive outlook amid improving banking fundamentals, a steeper yield curve, and expectations for stronger revenue and profitability metrics.Seeking Alpha • Mar 17
Zions Bancorporation: Hit By Growing Economic Uncertainty
Summary Like many domestic banks, growing economic uncertainty has hit the shares of Zions Bancorporation pretty hard recently. Pre-provision income trends have looked fairly robust since my opening piece, though credit quality metrics have deteriorated. This will be something to monitor in 2025. While Zions won't appeal to everyone at this point in the cycle, the stock nonetheless looks good for modest re-rerating potential. Read the full article on Seeking AlphaSeeking Alpha • Jan 22
Zions Bancorporation: A Mixed Set Of Results Gives Us Pause
Summary Zions Bancorporation, National Association's Q4 headline results were strong, with revenue and earnings beating estimates. Loans and deposits grew, with total loans at $59.3 billion and deposits at $76.4 billion, reversing earlier declines in 2024 on the deposit front. Margins widened to 3.05%, and the dividend was raised to $0.43, but asset quality was mixed with higher loan loss provisions and charge-offs. Despite mixed asset quality, improving return metrics and a decent dividend yield make ZION stock a hold, likely to sector perform. Read the full article on Seeking AlphaSeeking Alpha • Sep 21
Zions Bancorporation: Cheap Valuation Makes Up For A So-So Business
Summary Shares of Utah-based Zions Bancorporation have done okay over the past 12 months, roughly matching the wider regional bank space with a circa 40% total return. Zions isn't the best bank out there. Its funding profile is good, though not spectacular, while it struggles in terms of efficiency. Zions' lack of quality is made up for by its cheap valuation. At around 10.5x consensus EPS, the stock doesn't need to move mountains to generate decent returns for investors. Read the full article on Seeking Alpha
New Narrative • Aug 28
New Core System And Digital Advances Set To Boost Bank's Efficiency And Customer Growth
Modernization of technology and expansion in digital offerings are set to improve customer experience and attract more business, boosting revenue growth.Seeking Alpha • Jul 23
Zions Bancorporation: Solid Q2 With Minimal Credit Deterioration (Rating Upgrade)
Summary Zions Bancorporation shares have risen 33% in the past year, with a 3.5% increase after solid Q2 results. ZION has seen growth in net interest income, aided by stable deposits, and modest loan growth, with improved liquidity given security maturities. The bank is well-capitalized, with a strong CET1 ratio, and may be a candidate for bank consolidation in the future. Its community-oriented model continues to lead to differentiated credit outcomes. Read the full article on Seeking AlphaSeeking Alpha • Apr 23
Zions Bancorporation: Q1 2024 Results Show Resilience Amidst High Rates
Summary 1Q24 earnings report showed a higher NII/NIM. Deposits fell 1% Q/Q due to seasonal reasons, but steady loan growth was recorded. Credit quality remains high while management offered an improved outlook on NIM and rates trend. The stock trades inexpensively at a P/B of 1.2x. Read the full article on Seeking AlphaSeeking Alpha • Jan 27
Zions Bancorporation: No Longer A Bargain (Rating Downgrade)
Summary Zions Bancorporation reported robust earnings for Q4 on Monday, which also beat adjusted EPS estimates. The deposit base is fully restored. The credit provision trend looks healthy. However, the bank's net interest income continued to decline, posing a risk to future earnings. Shares are now trading at a significant premium to book value again, leading to a downgrade in my rating to hold. Read the full article on Seeking AlphaSeeking Alpha • Jan 11
Zions Is Unlikely To Benefit From Fed Rate Cuts (Rating Downgrade)
Summary Zions Bancorporation's stock has recovered sharply in the past three months, but it is still lower than a year ago. The decline in interest rates has helped alleviate concerns about unrealized losses on bank balance sheets, but lower rates will also reduce bank profits. Zions Bancorporation may struggle to generate sequential earnings growth and its shares have reached fair value, so investors should consider rotating exposure elsewhere. Read the full article on Seeking AlphaShareholder Returns
| ZION | US Banks | US Market | |
|---|---|---|---|
| 7D | 3.6% | 3.7% | -2.5% |
| 1Y | 28.3% | 21.0% | 22.7% |
Return vs Industry: ZION exceeded the US Banks industry which returned 21% over the past year.
Return vs Market: ZION exceeded the US Market which returned 22.7% over the past year.
Price Volatility
| ZION volatility | |
|---|---|
| ZION Average Weekly Movement | 3.3% |
| Banks Industry Average Movement | 3.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ZION has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ZION's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1873 | 9,195 | Harris Simmons | www.zionsbancorporation.com |
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.
Zions Bancorporation, National Association Fundamentals Summary
| ZION fundamental statistics | |
|---|---|
| Market cap | US$9.30b |
| Earnings (TTM) | US$946.00m |
| Revenue (TTM) | US$3.39b |
9.8x
P/E Ratio1.3x
P/B RatioIs ZION overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ZION income statement (TTM) | |
|---|---|
| Revenue | US$3.39b |
| Cost of Revenue | US$0 |
| Gross Profit | US$3.39b |
| Other Expenses | US$2.45b |
| Earnings | US$946.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 20, 2026
| Earnings per share (EPS) | 6.43 |
| Gross Margin | 100.00% |
| Net Profit Margin | 27.89% |
| Debt/Equity Ratio | 37.5% |
How did ZION perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield28%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 00:59 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Zions Bancorporation, National Association is covered by 42 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Heal | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |