Columbia Banking System, Inc. (COLB) vs Zions Bancorporation, N.A. (ZION)

Columbia Banking System, Inc. and Zions Bancorporation, N.A. are both Banks Regional companies. Zions Bancorporation, N.A. is the larger, with a market value of $9.2B against $8.3B — 1.1× the size. Zions Bancorporation, N.A. trades at the lower P/E: 8.1× against 11.8×. Columbia Banking System, Inc. grew revenue faster over the last twelve months: 21.2% against 3.88%. Zions Bancorporation, N.A. has the higher net margin (22.6% vs 20.0%) and the higher return on invested capital (15.7% vs 11.8%). Both pay a dividend; Columbia Banking System, Inc. yields more (7.69% vs 4.18%). Across the 20 metrics below, Zions Bancorporation, N.A. leads on 11 and Columbia Banking System, Inc. on 9.

Valuation

Metric COLB ZION Banks Regional median
P/E 11.81 8.13 12.15
P/S 2.38 1.81 2.37
P/B 1.12 1.23 1.21
Price to free cash flow 6.70 5.55 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.16 1.48 2.27
Earnings yield 8.47% 12.30% 8.11%
Free cash flow yield 14.93% 18.01% 8.98%

Profitability

Metric COLB ZION Banks Regional median
Gross margin 74.48% 72.39% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.96% 22.60% 18.66%
Free cash flow margin 35.49% 32.53% 21.18%
Return on equity 11.03% 16.50% 10.64%
Return on assets 1.21% 1.31% 1.13%
Return on invested capital 11.78% 15.66% 8.33%

Growth

Metric COLB ZION Banks Regional median
Revenue growth (TTM) 21.15% 3.88% 6.61%
EPS growth (last fiscal year) (9.80%) 21.41% —
Revenue growth, 5-year CAGR 38.87% 10.93% 12.30%
Net income growth, 5-year CAGR 28.95% 12.13% 9.71%

Health

Metric COLB ZION Banks Regional median
Debt to equity 0.00 0.25 0.22
Current ratio 0.85 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric COLB ZION Banks Regional median
Dividend yield 7.69% 4.18% 3.75%
Payout ratio 0.00 0.29 0.27

Size

Metric COLB ZION Banks Regional median
Market cap 8.26b 9.17b 921.07m

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