Zions Bancorporation, NA (ZION) Balance Sheet
ZION balance sheet, 2025
December 31, 2025 · U.S. dollars$88.99B assets = $81.81B liabilities + $7.18B equity
Both columns are drawn to the same scale: what ZION owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ZION financial health
Descriptive bands, not a rating. Fiscal 2025.
ZION balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $63.24B2016 | $88.99B2025 | +3.9%/yr | |
| Total liabilities | $55.60B2016 | $81.81B2025 | +4.4%/yr | |
| Shareholders’ equity | $7.63B2016 | $7.18B2025 | −0.7%/yr | |
| Cash & short-term investments | $15.70B2016 | $12.18B2025 | −2.8%/yr | |
| Total debt | $1.03B2016 | $4.34B2025 | +17.3%/yr | |
| Net cash (debt) | $14.67B2016 | $7.84B2025 | −$6.8B | |
| Working capital | $45.46B2016 | −$66.34B2025 | −$111.8B | |
| Book value per share | $37.372016 | $48.792025 | +3.0%/yr | |
| Debt / equity | 0.142016 | 0.612025 | +0.47 | |
| Shares outstanding | 204.3M2016 | 147.2M2025 | −3.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZION assets
ZION liabilities and equity
ZION debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ZION balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $12.18B | $12.63B | $12.50B | $13.91B | $34.93B | $17.35B | $15.17B | $16.21B | $16.67B | $15.70B |
| Cash & equivalents | $2.88B | $3.50B | $2.20B | $2.00B | $10.88B | $1.62B | $1.45B | $1.23B | $1.33B | $2.15B |
| Short-term investments | $9.29B | $9.13B | $10.30B | $11.91B | $24.05B | $15.73B | $13.72B | $14.74B | $15.16B | $13.37B |
| Receivables | $340.0M | $377.0M | $383.0M | $386.0M | $327.0M | $320.0M | $334.0M | $327.0M | $364.0M | $423.0M |
| Inventory | $0 | $0 | −$1.04B | $3.0M | −$13.62B | −$7.91B | −$2.12B | $4.0M | $4.0M | −$31,000 |
| Other current assets | $0 | $0 | $1.04B | $0 | $13.62B | $7.91B | $2.12B | $34.11B | $30.69B | $29.83B |
| Total current assets | $12.18B | $13.01B | $12.89B | $14.30B | $35.25B | $17.67B | $15.51B | $50.65B | $47.73B | $45.96B |
| Property, plant & equipment (net) | $1.36B | $1.37B | $1.40B | $1.41B | $1.32B | $1.21B | $1.14B | $1.12B | $1.09B | $1.02B |
| Goodwill & intangible assets | $1.09B | $1.05B | $1.06B | $1.06B | $1.01B | $1.02B | $1.01B | $1.01B | $1.02B | $1.02B |
| Long-term investments | $18.54B | $19.13B | $21.05B | $24.64B | $25.71B | $17.53B | $50.02B | $48.13B | $45.48B | $43.14B |
| Other non-current assets | $55.81B | $54.22B | $50.81B | $48.14B | $29.90B | $44.05B | $1.49B | $0 | $0 | $0 |
| Total assets | $88.99B | $88.78B | $87.20B | $89.55B | $93.20B | $81.48B | $69.17B | $68.75B | $66.29B | $63.24B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $71.65B | $82.79B | $69.65B | $57.09B | $54.10B | $52.62B | $53.24B |
| Short-term debt | $2.87B | $3.42B | $4.00B | $10.42B | $802.0M | $1.89B | $1.00B | $4.50B | $3.60B | $500.0M |
| Total current liabilities | $78.52B | $79.64B | $78.96B | $82.07B | $802.0M | $1.89B | $1.00B | $4.50B | $3.60B | $500.0M |
| Long-term debt | $1.47B | $946.0M | $538.0M | $651.0M | $1.01B | $1.34B | $1.72B | $724.0M | $383.0M | $534.9M |
| Lease obligations | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | — | $1.0M | $740,000 |
| Other long-term liabilities | $1.83B | $2.06B | $2.01B | $1.93B | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $81.81B | $82.65B | $81.51B | $84.65B | $1.01B | $1.34B | $61.82B | $61.17B | $58.61B | $55.60B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.73B | $1.74B | $1.73B | $1.75B | $1.93B | $2.69B | $2.73B | $3.81B | $4.45B | $4.72B |
| Retained earnings (deficit) | $7.33B | $6.70B | $6.21B | $5.81B | $5.17B | $4.31B | $4.01B | $3.46B | $2.78B | $2.32B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$1.94B | −$2.38B | −$2.69B | −$3.11B | −$80.0M | $325.0M | $43.0M | −$250.0M | −$114.0M | −$121.6M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $7.18B | $6.12B | $5.69B | $4.89B | $92.19B | $80.14B | $7.35B | $7.58B | $7.68B | $7.63B |
| Key figures | ||||||||||
| Total debt | $4.34B | $4.37B | $4.54B | $11.07B | $1.81B | $3.22B | $2.72B | $5.22B | $3.98B | $1.03B |
| Net cash (debt) | $7.84B | $8.26B | $7.96B | $2.84B | $33.11B | $14.12B | $12.45B | $10.99B | $12.69B | $14.67B |
| Working capital | −$66.34B | −$66.63B | −$66.08B | −$67.77B | $34.45B | $15.78B | $14.51B | $46.15B | $44.13B | $45.46B |
| Tangible book value | $6.09B | $5.07B | $4.63B | $3.83B | $91.17B | $79.12B | $6.34B | $6.56B | $6.66B | $6.61B |
| Book value per share | $48.79 | $41.60 | $38.52 | $32.56 | $575.33 | $483.90 | $39.43 | $36.70 | $36.63 | $37.37 |
| Shares outstanding | 147.2M | 147.2M | 147.8M | 150.3M | 160.2M | 165.6M | 186.5M | 206.5M | 209.7M | 204.3M |
| Current ratio | 0.16 | 0.16 | 0.16 | 0.17 | 43.96 | 9.36 | 15.51 | 11.26 | 13.26 | 91.92 |
| Quick ratio | 0.16 | 0.16 | 0.16 | 0.17 | 43.96 | 9.36 | 15.51 | 3.68 | 4.73 | 32.25 |
| Debt / equity | 0.61 | 0.71 | 0.80 | 2.26 | 0.02 | 0.04 | 0.37 | 0.69 | 0.52 | 0.14 |
| Equity / assets | 8.1% | 6.9% | 6.5% | 5.5% | 98.9% | 98.4% | 10.6% | 11.0% | 11.6% | 12.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $21.37B | $21.39B | $12.18B | $12.36B | $11.71B | $12.07B | $12.63B | $11.89B | $12.51B | $12.36B | $12.50B | $12.58B |
| Cash & equivalents | $2.21B | $2.40B | $2.88B | $3.17B | $2.56B | $2.81B | $3.50B | $2.37B | $2.99B | $2.40B | $2.20B | $2.40B |
| Short-term investments | $19.16B | $18.98B | $9.29B | $9.20B | $9.15B | $9.25B | $9.13B | $9.53B | $9.52B | $9.96B | $10.30B | $10.17B |
| Receivables | $0 | $0 | $340.0M | $349.0M | $367.0M | $377.0M | $377.0M | $377.0M | $390.0M | $388.0M | $383.0M | $373.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$2.04B | −$1.99B | $333.0M | −$4.22B |
| Other current assets | $77.0M | $140.0M | $0 | $0 | $0 | $0 | $0 | $0 | $2.04B | $1.99B | $0 | $4.22B |
| Total current assets | $21.45B | $21.52B | $12.18B | $12.71B | $12.08B | $12.44B | $13.01B | $12.27B | $12.90B | $12.75B | $12.89B | $12.95B |
| Property, plant & equipment (net) | $1.36B | $1.36B | $1.36B | $1.36B | $1.36B | $1.36B | $1.37B | $1.37B | $1.38B | $1.40B | $1.40B | $1.41B |
| Goodwill & intangible assets | $1.09B | $1.09B | $1.09B | $1.09B | $1.10B | $2.21B | $1.05B | $1.05B | $1.03B | $1.06B | $1.06B | $1.06B |
| Long-term investments | $18.51B | $18.38B | $18.54B | $18.75B | $18.93B | $19.10B | $19.13B | $19.75B | $19.90B | $20.52B | $21.05B | $21.67B |
| Other non-current assets | $46.65B | $45.60B | $55.81B | $54.62B | $55.44B | $52.88B | $54.22B | $52.59B | $52.39B | $51.34B | $50.81B | $50.18B |
| Total assets | $89.04B | $87.96B | $88.99B | $88.53B | $88.89B | $87.99B | $88.78B | $87.03B | $87.61B | $87.06B | $87.20B | $87.27B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $75.40B |
| Short-term debt | $1.22B | $382.0M | $2.87B | $3.76B | $6.07B | $3.48B | $3.42B | $2.92B | $5.65B | $4.89B | $4.00B | $4.35B |
| Total current liabilities | $77.83B | $77.29B | $78.52B | $78.64B | $79.87B | $79.17B | $79.64B | $78.64B | $79.42B | $79.13B | $78.96B | $79.75B |
| Long-term debt | $1.95B | $1.96B | $1.47B | $1.47B | $966.0M | $960.0M | $946.0M | $544.0M | $542.0M | $540.0M | $538.0M | $540.0M |
| Lease obligations | $3.0M | $3.0M | $4.0M | $3.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M |
| Other long-term liabilities | $1.58B | $1.41B | $1.83B | $1.56B | $1.46B | $1.54B | $2.06B | $1.47B | $1.62B | $1.56B | $2.01B | $1.67B |
| Total liabilities | $81.36B | $80.66B | $81.81B | $81.67B | $82.30B | $81.67B | $82.65B | $80.65B | $81.58B | $81.23B | $81.51B | $81.95B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.60B | $1.67B | $1.73B | $1.72B | $1.71B | $1.71B | $1.74B | $1.72B | $1.71B | $1.71B | $1.73B | $1.73B |
| Retained earnings (deficit) | $7.88B | $7.50B | $7.33B | $7.13B | $6.98B | $6.80B | $6.70B | $6.56B | $6.42B | $6.29B | $6.21B | $6.16B |
| Accumulated other comprehensive income | −$1.87B | −$1.94B | −$1.94B | −$2.06B | −$2.16B | −$2.25B | −$2.38B | −$2.34B | −$2.55B | −$2.61B | −$2.69B | −$3.01B |
| Total shareholders' equity | $7.68B | $7.30B | $7.18B | $6.87B | $6.60B | $6.33B | $6.12B | $6.38B | $6.03B | $5.83B | $5.69B | $5.32B |
| Key figures | ||||||||||||
| Total debt | $3.17B | $2.35B | $4.34B | $5.23B | $7.04B | $4.44B | $4.37B | $3.47B | $6.20B | $5.44B | $4.54B | $4.89B |
| Net cash (debt) | $18.19B | $19.04B | $7.84B | $7.13B | $4.67B | $7.63B | $8.26B | $8.43B | $6.31B | $6.92B | $7.96B | $7.69B |
| Working capital | −$56.38B | −$55.76B | −$66.34B | −$65.92B | −$67.80B | −$66.72B | −$66.63B | −$66.36B | −$66.52B | −$66.39B | −$66.08B | −$66.79B |
| Tangible book value | $6.59B | $6.21B | $6.09B | $5.77B | $5.50B | $4.12B | $5.07B | $5.33B | $4.99B | $4.77B | $4.63B | $4.25B |
| Book value per share | $52.53 | $49.62 | $48.80 | $46.66 | $44.85 | $42.93 | $41.57 | $43.39 | $40.95 | $39.56 | $38.55 | $36.00 |
| Shares outstanding | 146.2M | 147.0M | 147.1M | 147.1M | 147.1M | 147.4M | 147.3M | 147.2M | 147.1M | 147.3M | 147.6M | 147.7M |
| Current ratio | 0.28 | 0.28 | 0.16 | 0.16 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Quick ratio | 0.27 | 0.28 | 0.16 | 0.16 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Debt / equity | 0.41 | 0.32 | 0.61 | 0.76 | 1.07 | 0.70 | 0.71 | 0.54 | 1.03 | 0.93 | 0.80 | 0.92 |
| Equity / assets | 8.6% | 8.3% | 8.1% | 7.8% | 7.4% | 7.2% | 6.9% | 7.3% | 6.9% | 6.7% | 6.5% | 6.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
ZION financial position
At the end of fiscal 2025 (December 31, 2025), Zions Bancorporation, NA had total assets of $89.0 billion (up 0.2% from a year earlier), total liabilities of $81.8 billion and shareholders' equity of $7.2 billion. It held $12.2 billion in cash and short-term investments against $4.3 billion of debt, a net cash position of $7.8 billion. Its current ratio was 0.16. In the latest quarter (ended June 30, 2026) total assets were $89.0 billion and equity $7.7 billion.
Related: ZION income statement, ZION cash flow statement, ZION key metrics. See the ZION stock overview for the latest quote and news.
ZION balance sheet FAQ
What are Zions Bancorporation, NA's total assets?
Zions Bancorporation, NA reported total assets of $89.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $88.8 billion a year earlier.
How much debt does Zions Bancorporation, NA have?
Zions Bancorporation, NA had $4.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.61.
How much cash does Zions Bancorporation, NA have?
Zions Bancorporation, NA held $12.2 billion in cash and short-term investments at the end of fiscal 2025; with $4.3 billion of debt that is net cash of $7.8 billion.
What is Zions Bancorporation, NA's book value?
Zions Bancorporation, NA's shareholders' equity (book value) was $7.2 billion at the end of fiscal 2025, or $48.79 per share.
What is Zions Bancorporation, NA's current ratio?
Zions Bancorporation, NA had current assets of $12.2 billion and current liabilities of $78.5 billion, a current ratio of 0.16 (current liabilities exceed current assets).
How much goodwill does Zions Bancorporation, NA have?
Zions Bancorporation, NA carried $1.1 billion of goodwill and intangible assets, 1.2% of total assets, at the end of fiscal 2025.