Zions Bancorporation, National Association (ZION)

NASDAQ: ZION · USD

$65.4

-0.26 (-0.4%)· Recorded snapshot

영어 원본으로 대체KO

번역하는 동안 영어 원본을 표시 중

이 리포트는 아직 번역되지 않았습니다. 번역 대기열이 따라잡으면 몇 분 후에 새로고침하세요.

StockMarketAgent Research · Analyzed 2026-10-15

Our latest published analysis: ZION rated Buy

Zions Bancorporation, National Association's published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$73.6 / share

Potential value

$119 / share

Upside to FV

+19.1%

from $65.4

Moat

6/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$9.0B
Revenue (ttm)	3.8B
Net income (ttm)	1.2B
EPS (ttm)	$8.15
Shares out	144.9M
P/E (trailing)	8.0x
P/E (forward)	9.2x
Dividend	$1.92 (2.94%)
Volume	1,196,117
Beta	0.83

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.8B
Net income (ttm): 1.2B
EPS (ttm): $8.15
P/E (trailing): 8.0x
P/E (forward): 9.2x
Market cap: $9.0B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$449.0M	$495.0M	$503.0M	$513.0M	$529.0M	+4.2%
Gross profit	$3.19B	$3.03B	$2.98B	$3.06B	$3.32B	+1.0%
Operating income	$1.45B	$1.15B	$886.0M	$1.01B	$1.18B	-5.1%
Net income	$1.13B	$907.0M	$680.0M	$784.0M	$899.0M	-5.5%
EPS (diluted)	$6.79	$5.79	$4.35	$4.95	$6.01	-3.0%
EBITDA	$1.43B	$1.26B	$1.03B	$1.14B	$1.29B	-2.6%
R&D	—	—	—	—	—	—
SG&A	$1.16B	$1.29B	$1.35B	$1.37B	$1.52B	+6.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	적극 매수
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	적극 매수
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	보유
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	매수
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	적극 매수
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	매수

Base and Bull scenarios

Bull20%

Price target

$119.01

+92.6% from spot

The constructive path carries a 20.0% probability and projects a target value of $119.01, representing an implied return of 92.6% above $61.78. In this outcome, sustained monetary tightening accelerates variable-rate loan yields, robust economic activity across Western markets drives strong middle-market credit demand, and technological efficiencies widen operating margins.

Multiple interest rate hikes provide further asset sensitivity yield lift
Operating leverage exceeds guided ranges as digital banking scales
Commercial loan expansion accelerates across Western affiliate footprint

Base55%

Price target

$73.60

+19.1% from spot

Our modal path carries a 55.0% probability and indicates a target value of $73.60, delivering an implied return of 19.1% from the analysis price of $61.78. This path is supported by upper single-digit net interest income growth as commercial loans reprice, positive operating leverage of one hundred to one hundred fifty basis points, and manageable credit provisions across Western regional franchises.

Balance sheet asset sensitivity drives steady net interest income expansion
Positive operating leverage expands operating margins toward target levels
Normalizing credit provisions and stable commercial deposit retention

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($73.60). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.2%	$80.2	$82.3	$84.8	$87.5	$90.5
7.7%	$75.0	$76.7	$78.7	$80.9	$83.2
8.2%	$70.5	$72.0	$73.6	$75.4	$77.3
8.7%	$66.7	$67.9	$69.2	$70.7	$72.3
9.2%	$63.3	$64.3	$65.5	$66.7	$68.0

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E9.2

P25 n/aP50 n/aP75 n/a

Trailing P/E7.9

P25 n/aP50 n/aP75 n/a

ROE16.7

P25 n/aP50 n/aP75 n/a

ROICn/a

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ZION indicators

Market & fundamental data

Available fields

242

Groups with data

Currency

USD

Showing 242 of 242 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000109380
Company name	Zions Bancorporation, National Association
Country	United States
Country code	US
CUSIP number	989701107
Earnings date	2026-10-19
Earnings time	amc
Employees	9,195
Employees change	-211
Employees growth	-2.24%
Enterprise value	$7B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1873
Industry	Banks - Regional
Is primary listing	Yes
Is SPAC	No
ISIN number	US9897011071
Last 10-K release date	2026-02-24
Last earnings date	2026-10-19
Last refreshed	2026-10-28
Last stock split date	1997-05-15
Last stock split type	Forward
Market cap	$9.5B
Market cap category	Mid-Cap
Next earnings date	2027-01-19
Options	Yes
Price	$65.42
Price currency	USD
Sector	Financials
SIC code	6021
Stock price date	2026-10-28
Symbol	ZION
U.S. state	Utah
Website	https://www.zionsbancorporation.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	9.92x
Average P/E ratio (10Y)	11.09x
Average P/E ratio (3Y)	9.82x
Average P/E ratio (5Y)	9.04x
Earnings yield	12.46%
EV/Earnings	5.83x
EV/FCF	4.15x
EV/Sales	1.85x
FCF / EV yield	24.07%
FCF yield	17.72%
Forward EV/Sales	1.9x
Forward P/E	9.66x
Forward P/S	2.58x
Graham number	98.16232
Graham upside	50.05%
Industry forward P/E	9.97x
Industry P/E	11.81x
Lynch fair value	$40.74
Lynch upside	-37.72%
P/B ratio	1.25x
P/E ratio	8.03x
P/FCF ratio	5.64x
P/OCF ratio	5.26x
P/S ratio	2.52x
PEG ratio	1.34x
Price / tangible book value	1.5x
Sector forward P/E	13.61x
Sector P/E	15.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Effective tax rate	21.91%
FCF margin	45.57%
Operating margin	42.3%
Pretax margin	41.23%
Profit margin	32.2%
Profit per employee	$130,179
Profitable quarters	44
Profitable years	15
Revenue per employee	$409,353
ROA	1.35%
ROA (5Y)	0.99%
ROE	16.66%
ROE (5Y)	13.81%
Tax / revenue	9.03%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	45.77%
EPS growth (Q)	20.27%
EPS growth (QoQ)	-41.64%
EPS growth 10Y	16.17%
EPS growth 3Y	14.64%
EPS growth 5Y	2.86%
EPS growth quarters	9
EPS growth years	2
FCF growth	160.47%
FCF growth 3Y	7.72%
FCF growth 5Y	31.27%
Net income growth	42.25%
Net income growth (Q)	18.47%
Net income growth (QoQ)	-41.26%
Net income growth 3Y	14.33%
Net income growth 5Y	0.73%
Net income growth quarters	9
Net income growth years	2
OCF growth	139.18%
OCF growth 10Y	13.84%
OCF growth 3Y	6.64%
OCF growth 5Y	24.42%
Revenue growth	17.37%
Revenue growth (Q)	9.48%
Revenue growth (QoQ)	-21.6%
Revenue growth 10Y	5.4%
Revenue growth 3Y	6.89%
Revenue growth 5Y	2.96%
Revenue growth quarters	9
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-121M
EPS	$8.15
FCF per share	$11.59
Financing cash flow	$-1.2B
Free cash flow	$1.7B
Gross profit	$3.8B
Income taxes	$340M
Investing cash flow	$-552M
Net borrowing	$-3.6B
Net cash flow	$13M
Net income	$1.2B
Operating income	$1.6B
Revenue	$3.8B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$52.56
Debt / equity	0.42
Debt / FCF	1.94
Net cash (debt)	$2.5B
Net cash / market cap	26.39%
Net debt / equity	-0.33
Net debt / FCF	-1.49
Piotroski F-Score	4
Property, plant and equipment	$1.4B
Shareholders' equity	$7.7B
Tangible book value	$6.3B
Tangible book value per share	$43.50
Total assets	$90.9B
Total cash	$5.8B
Total debt	$3.3B
Total liabilities	$83.2B
WACC	6.56%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Working capital	$-73B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.58%
Dividend growth	5.17%
Dividend growth (10Y)	21.55%
Dividend growth (3Y)	3.72%
Dividend growth (5Y)	5.5%
Dividend growth years	13
Dividend payment date	2026-08-20
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$1.92
Dividend yield	2.95%
Ex-dividend date	2026-08-13
FCF payout ratio	16.56%
Last dividend	$0.48
Payout ratio	23.56%
Shareholder yield	3.52%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	101.27%
10Y return CAGR	10.39%
10Y total return	168.61%
150-day SMA	$65.37
15Y price change	256.32%
15Y return CAGR	11.16%
15Y total return	389.22%
1D price change	-0.4%
1M price change	2.1%
1M total return	2.1%
1W price change	0.9%
1W total return	0.9%
1Y price change	23.31%
1Y return CAGR	27.1%
1Y total return	27.08%
20-day SMA	$63.75
200-day SMA	$63.77
20Y price change	-18.62%
20Y return CAGR	0.95%
20Y total return	20.7%
3M price change	-4.89%
3M total return	-4.25%
3Y price change	121.29%
3Y return CAGR	34.86%
3Y total return	145.3%
50-day SMA	$65.44
50-day SMA vs 200-day SMA	50over200
52-week high	$73.34
52-week high date	2026-07-16
52-week low	$48.50
52-week low date	2025-11-18
5Y price change	3.64%
5Y return CAGR	4.26%
5Y total return	23.19%
6M price change	4.09%
6M total return	5.59%
All-time high	$88.56
All-time high date	2007-02-21
All-time low	$2.34
All-time low date	1987-10-28
Average true range (ATR)	$1.35
Average volume	1.6M
Beta (1Y)	0.53
Beta (2Y)	1.11
Beta (5Y)	0.83
Change from 52-week high	-10.8%
Change from 52-week low	34.89%
Change from all-time high	-26.41%
Change from all-time low	2,680.29%
Change from open	-0.62%
Day's gap	0.23%
Dollar volume	$78.2M
High price	$65.93
Low price	$64.84
Monthly RSI	58.86
Open price	$65.83
Position in 52-week range	53.21%
Previous close	$65.68
Price vs 150-day SMA	-0.31%
Price vs 20-day SMA	2.23%
Price vs 200-day SMA	2.2%
Price vs 50-day SMA	-0.41%
Relative volume	0.76
RSI	53.57
Sharpe ratio	0.93
Sharpe ratio (3Y)	0.9
Sharpe ratio (5Y)	0.2
Sortino ratio	1.54
Sortino ratio (3Y)	1.52
Sortino ratio (5Y)	0.41
Volume	1.2M
Weekly RSI	50.64
YTD price change	11.33%
YTD total return	13.74%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	142.5M
Float percentage	98.31%
Shares change (QoQ)	-0.77%
Shares change (YoY)	-0.58%
Shares held by insiders	1.61%
Shares held by institutions	84.87%
Shares outstanding	144.9M
Short % of float	5.15%
Short % of shares	5.06%
Short ratio	4.2 days

Deeper analysis on ZION

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this ZION report

What is the latest published ZION stock rating?

Zions Bancorporation, National Association is shown with Buy in the latest published report, analyzed 2026-10-15. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ZION analysis?

The full latest published report, analyzed 2026-10-15, lives at /stocks/ZION/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for ZION?

The latest published report analyzed 2026-10-15 gives ZION a fair value of USD 74 and a potential value of USD 119. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the ZION page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-15). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyZION · Fair value $73.6+19.1%

Read full analysis →

Zions Bancorporation, National Association (ZION)

Our latest published analysis: ZION rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · ZION

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All ZION indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ZION

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	7.5
Management	6.5
Balance Sheet	5.0
Profitability	7.5
Revenue Growth	9.0
Risk Assessment	6.0
Competitive Moat	6.0
Earnings Quality	7.5
Capital Efficiency	4.0