Saturday 17 October 2026 Export ZION’s income statement to Excel — free account

Zions Bancorporation, N.A.

Zions Bancorporation, N.A.’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, down 1.02% from fiscal 2024. In the quarter to June 2026, revenue grew 19.2%, EPS grew 87.1%, free cash flow grew 518.3% and total debt rose 101.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

63.43 0.42 +0.67%

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Market cap: $9.2B
P/E: 8.1×
Fwd P/E: 9.7×
Dividend yield: 2.89%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.27

Total sells 10.08

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	—	—	—	7	—	—	2	—	2	2	—	—

Insider Ownership 1.70%

Capital & Financial Ratios $m

Market Cap 9,200.00

Revenue 5,164.00

Net Income 1,171.00

Free Cash Flow 1,680.00

Net Debt (1,697.00)

Current Ratio 0.84

Debt/Equity 0.25

P/E ratio 8.08

Fwd P/E 9.66

P/S ratio 1.79

P/B ratio 1.22

Past 5Y EPS Growth 14.76%

This Y EPS Growth 33.34%

Next Y EPS Growth (14.32%)

Next Y revenue growth (26.49%)

Next 5Y EPS Growth 7.42%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 9.88%

10-year low 10-year high

P/S against its own 10 years 33.58%

10-year low 10-year high

P/B against its own 10 years 47.62%

10-year low 10-year high

Dividends

Payout Ratio 0.23

Annual Dividend Rate 1.83

Annual Dividend Yield 2.89%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.84	0.45 0.45 0.48
2025	1.76	0.43 0.43 0.45 0.45
2024	1.66	0.41 0.41 0.41 0.43
2023	1.64	0.41 0.41 0.41 0.41
2022	1.58	0.38 0.38 0.41 0.41
2021	1.44	0.34 0.34 0.38 0.38
2020	1.36	0.34 0.34 0.34 0.34
2019	1.28	0.30 0.30 0.34 0.34
2018	1.04	0.20 0.24 0.30 0.30
2017	0.44	0.08 0.08 0.12 0.16
2016	0.28	0.06 0.06 0.08 0.08

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,189	4,989	4,369	3,653
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	60,337	63,777	64,809	65,549

	2023	2024	2025	Q'26
Payables	74,961	76,223	75,644	76,608
ST’ Debt	—	—	—	—
Other	—	—	—	—
	74,961	76,223	75,644	77,827

Compound Annual Growth %

	10y	5y	3y
Sales	8.48%	10.93%	13.99%
Cash Flow	8.74%	8.34%	(9.96%)
Earnings	13.74%	12.13%	0.64%
Book Value	(0.45%)	(1.86%)	13.64%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,183	1,479	—	—	—
’25	1,199	1,241	1,253	1,249	4,942
’24	1,210	1,252	1,276	1,255	4,993
’23	1,080	1,166	1,190	1,188	4,624
’22	697	780	872	988	3,337
’21	731	775	708	756	2,970
’20	756	712	738	736	2,942

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	423	422	—	—	—
’25	179	(62)	438	518	1,073
’24	261	251	119	517	1,148
’23	221	598	311	(245)	885
’22	288	516	172	494	1,470
’21	484	(201)	180	166	629
’20	153	245	150	171	719

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	398	389	—	—	—
’25	152	(93)	413	480	952
’24	231	234	97	489	1,051
’23	190	576	280	(274)	772
’22	235	467	120	458	1,280
’21	431	(232)	111	113	423
’20	125	191	109	123	548

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.56	3.05	—	—	—
’25	1.13	1.63	1.48	1.76	6.01
’24	0.96	1.28	1.37	1.34	4.95
’23	1.33	1.11	1.13	0.78	4.35
’22	1.27	1.29	1.40	1.84	5.79
’21	1.90	2.08	1.45	1.34	6.79
’20	0.04	0.34	1.01	1.66	3.02

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.65	38.43	38.08	39.11	23.58	42.12	45.21	18.26	37.76	39.32	Analyst estimates 2026–2028 Powerpack
	High	44.15	52.20	59.19	52.08	52.48	68.25	75.44	55.20	63.22	60.77
People
People	Employees	10,057	10,083	10,201	10,188	9,678	9,685	9,989	9,679	9,406	9,195
	Revenue/emp, $m	0.25	0.27	0.30	0.32	0.30	0.31	0.33	0.48	0.53	0.54
Income, $m
Income, $m	Revenue	2,470	2,736	3,033	3,245	2,942	2,970	3,337	4,624	4,993	4,942
	Gross margin, %	96.48	95.36	91.72	87.33	94.83	98.01	94.46	67.37	62.69	68.49
	EBT	705	936	1,143	1,053	672	1,446	1,152	886	1,012	1,175
	EBT margin, %	28.54	34.21	37.69	32.45	22.84	48.69	34.52	19.16	20.27	23.78
	Net income	469	592	884	816	539	1,129	907	680	784	899
	Depreciation	123	179	193	188	86	(14)	110	140	124	116
Per share, $
Per share, $	Revenue	12.12	13.63	15.67	18.44	17.97	18.57	22.24	31.30	33.92	33.59
	Earnings	2.00	2.71	4.36	4.41	3.06	6.80	5.80	4.35	4.95	6.01
	Cash flow	2.92	4.62	6.07	3.96	4.39	3.93	9.80	5.99	7.80	7.29
	Capex	(0.96)	(0.84)	(0.67)	(0.66)	(1.04)	(1.29)	(1.27)	(0.76)	(0.66)	(0.82)
	Free cash flow	1.96	3.78	5.41	3.30	3.35	2.65	8.53	5.23	7.14	6.47
	Book value	37.45	38.25	39.14	41.78	48.16	46.67	32.61	38.52	41.60	48.81
	Shares, m	204	201	194	176	164	160	150	148	147	147
Valuation, ×
Valuation, ×	P/E	21.59	18.71	9.34	11.77	14.24	9.33	8.36	10.15	10.96	9.76
	P/S	3.56	3.72	2.60	2.82	2.42	3.40	2.18	1.41	1.60	1.74
	P/B	1.27	1.43	1.12	1.35	0.97	1.44	1.63	1.24	1.32	1.21
	EV/Sales	2.97	4.95	3.78	3.33	0.81	(0.46)	4.03	1.78	1.56	1.16
	EV/FCF	18.33	17.85	10.95	18.62	4.33	(3.23)	10.51	10.69	7.40	6.00
Cash, $m
Cash, $m	Operating cash flow	596	928	1,176	697	719	629	1,470	885	1,148	1,073
	Capex	(196)	(169)	(129)	(117)	(171)	(206)	(190)	(113)	(97)	(121)
	Free cash flow	400	759	1,047	580	548	423	1,280	772	1,051	952
Balance, $m
Balance, $m	Working capital	(8,151)	(6,323)	(4,989)	(6,628)	(9,225)	(18,985)	(11,678)	(14,624)	(12,446)	(10,835)
	Total debt	1,362	5,359	6,377	3,776	2,908	1,915	11,068	4,921	4,782	4,576
	Net debt	(1,469)	3,367	3,577	1,662	(4,740)	(11,468)	6,180	1,732	(207)	207
	Shareholders’ equity	7,634	7,679	7,578	7,353	7,886	7,463	4,893	5,691	6,124	7,180
Returns, %
Returns, %	ROA	0.67	0.85	1.26	1.13	0.67	1.26	0.96	0.73	0.84	1.01
	ROIC	7.15	5.30	6.40	7.30	13.35	0.00	6.50	7.46	10.69	9.94
	ROE	6.04	7.84	12.04	11.33	7.16	15.34	15.30	13.36	13.03	13.59

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BPOP Popular, Inc.	$10.0B	10.7×	10.1×	+4.48% (above 0%: growing)	+40.78% (above 0%: growing)	+46.43% (above 0%: growing)	75.20%	0.00%	Compare
UMBF UMB Financial Corporation	$10.0B	10.9×	10.0×	+4.12% (above 0%: growing)	+26.06% (above 0%: growing)	+22.27% (above 0%: growing)	69.66%	0.00%	Compare
SSB SouthState Bank Corporation	$9.8B	10.7×	10.1×	+0.83% (above 0%: growing)	+11.32% (above 0%: growing)	+408.25% (above 0%: growing)	71.95%	0.00%	Compare
WTFC Wintrust Financial Corporation	$9.7B	11.4×	11.7×	+5.52% (above 0%: growing)	+18.44% (above 0%: growing)	−23.80% (below 0%: shrinking)	66.99%	0.00%	Compare
CFR Cullen/Frost Bankers, Inc.	$9.6B	14.7×	13.2×	+0.53% (above 0%: growing)	+12.97% (above 0%: growing)	−106.23% (below 0%: shrinking)	79.66%	0.00%	Compare
ONB Old National Bancorp	$9.6B	11.1×	9.3×	+9.45% (above 0%: growing)	+91.18% (above 0%: growing)	+330.77% (above 0%: growing)	69.90%	0.00%	Compare
ZION Zions Bancorporation, N.A.	$9.2B	8.1×	9.7×	+19.18% (above 0%: growing)	+87.12% (above 0%: growing)	+518.28% (above 0%: growing)	76.88%	0.00%
BSMX Grupo Financiero Santander Mexico S.A. B. de C.V.	$8.3B	5.1×	—	+69.52% (above 0%: growing)	+66.67% (above 0%: growing)	−144.08% (below 0%: shrinking)	51.50%	0.00%	Compare
PB Prosperity Bancshares, Inc.	$8.1B	11.7×	12.3×	+19.38% (above 0%: growing)	+17.61% (above 0%: growing)	+70.11% (above 0%: growing)	75.21%	0.00%	Compare
Median of peers	$9.6B	11.0×	10.1×	+5.00%	+22.25%	+34.35%	70.92%	0.00%

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