ZION
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Next earnings Jul 20, 2026 · consensus $1.78 EPS, $888M rev
Last earnings +0.5% on 2026-04-20
$69.14
▼ -0.27%$69.14▲ +46.91%
over 1Y
L $45.85EODHDH $69.33
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.3%
1W+3.0%
1M+10.9%
3M+25.8%
YTD+18.4%
1Y+46.9%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 28 analysts
Buy
Zions is firing on all cylinders — NIM up to 3.21%, EPS +21%, stable credit — yet trades at just 11x earnings and a small premium to book.
The read
Quality fundamentals and an attractive price line up (~99% below fair value) — the rarer case where both the business and the entry look good.
Zions Bancorporation, an $89.0B-asset regional bank operating through seven affiliate banks, delivered a clean, improving FY2025. Diluted EPS rose 21.4% to $6.01 and net income grew 14.7% to $899M, driven by the two levers that matter most for a bank: net interest income increased 8% ($197M) as net interest margin expanded to 3.21% from 3.00% on lower funding costs and a better earning-asset mix, while the efficiency ratio improved to 62.6% from 64.2% — positive operating leverage as revenue outpaced expense growth. Customer noninterest income also rose, helped by capital-markets swap fees and investment-banking advisory income.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $449M | $495M | $503M | $513M | $529M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $1.13B | $907M | $680M | $784M | $899M |
| Diluted EPS | $6.79 | $5.79 | $4.35 | $4.95 | $6.01 |
| Net margin | 251.4% | 183.2% | 135.2% | 152.8% | 169.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF10.7
PEG (trailing)0.78
Earnings yield8.8%
FCF yield9.3%
Quality & risk
ROIC (est.)—
Free cash flow$952M
Total debt$4.05B
Net cash-$3.37B
Piotroski F-Score6/7
Capital returns
Buyback yield0.4%
Dividend yield (est.)2.6%
Shareholder yield3.0%
Shares Δ YoY-0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2026-06-252026-06-25open ↗4Period ending 2026-06-022026-06-04open ↗3Period ending 2026-06-022026-06-04open ↗4Period ending 2026-06-022026-06-03open ↗8-KPeriod ending 2026-06-022026-06-02open ↗4Period ending 2026-05-082026-05-11open ↗13F-HRPeriod ending 2026-03-312026-05-08open ↗4Period ending 2026-05-062026-05-07open ↗10-QPeriod ending 2026-03-312026-05-07open ↗4Period ending 2026-05-042026-05-06open ↗8-KPeriod ending 2026-05-042026-05-04open ↗8-KPeriod ending 2026-05-012026-05-04open ↗
Frequently asked
- Is ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION) a buy?
- ZION currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Zions is firing on all cylinders — NIM up to 3.21%, EPS +21%, stable credit — yet trades at just 11x earnings and a small premium to book.
- What is ZION's fair value?
- A Modified-Graham model based on ZION's SEC fundamentals estimates a fair value of about $137.82. It is an estimate from reported earnings, not a price target.
- Is ZION overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ZION currently appears undervalued relative to its SEC-grounded earnings power.
- What is ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/'s quality score?
- ZION scores 73.02941176470588/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000109380, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:52:06 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.