Zions Bancorporation, NA (ZION) AI Stock Analysis

Established in 1873 and headquartered in Salt Lake City, Utah, Zions Bancorporation, National Association provides diversified banking and financial services across states including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The bank delivers corporate and commercial banking with a focus on small- and medium-sized enterprises, commercial real estate financing, municipal and public finance, and retail banking including residential mortgages. It also provides trust services, wealth management, private client banking, and capital markets products. With 9,039 employees, the company supports community prosperity and financial stability across its western operational footprint.

Between FY2021 and FY2024, revenue expanded from $2.97B to $4.99B before slipping 1.0% to $4.94B in FY2025, yielding a 5-year revenue CAGR of 10.9%. Net income stood at $1.13B in FY2021, fell to $680.0M in FY2023, and rebounded to $899.0M in FY2025 with an 18.2% net margin. Operating margin closed FY2025 at 23.8%, down from 48.7% in FY2021. For the trailing twelve months, revenue reached $3.69B with an operating margin of 52.1% and a profit margin of 31.8%. For the latest quarter ended June 30, 2026, revenue increased 35.2% year-over-year while quarterly earnings surged 87.1%.

As of June 30, 2026, Zions held $21.37B in cash and short-term investments against $3.17B in total debt, resulting in net cash of $18.19B. Shareholders' equity was $7.68B alongside total assets of $89.04B, with a debt-to-equity ratio of 0.41 and a current ratio of 0.28. In FY2025, operating cash flow generated $1.10B and free cash flow reached $981.0M. Capital expenditures totaled $121.0M, while the bank returned capital via $267.0M in dividends paid and $41.0M in share buybacks.

Zions Bancorporation carries a market capitalization of $9.25B and an enterprise value of $9.28B. The stock trades at a trailing price-to-earnings ratio of 8.1x and a forward P/E of 9.1x, both below the US-listed Financial Services peer group medians of 12.1x and 10.8x, respectively. Its price-to-sales multiple is 2.5x compared to the peer median of 3.2x, while its PEG ratio sits at 3.98. Over the past year, the stock gained 39.2%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 21.2% trails the index return of 83.0%.

Zions pays a forward annual dividend of $1.92 per share, representing a dividend yield of 3.03% and a payout ratio of 27.8%. The quarterly dividend has been paid for 43 consecutive years and has grown at an annualized rate of 5.3% over the past 5 years. The company's most recent ex-dividend date occurred on August 13, 2026.

Wall Street coverage consists of 8 Strong Buy, 0 Buy, 11 Hold, 2 Sell, and 2 Strong Sell recommendations. The mean price target of $72.73 implies 14.8% potential upside from the last closing price of $63.37. For the fiscal year ending December 31, 2026, analysts estimate EPS of $6.60, representing 13.3% growth, on revenue of $3.63B. For the subsequent year, 15 analysts project EPS of $6.83 on revenue of $3.72B. Zions has beaten EPS estimates in 4 of the last 4 quarters, with next earnings scheduled for October 19, 2026.

This page is an AI-written research summary of Zions Bancorporation, NA (ZION). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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