Company Overview
Zions Bancorporation, National Association functions as a provider of various banking products and related services, with its primary operational footprint located in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The entity operates within the Financial Services sector, specifically categorized under the Banks - Regional industry, which implies a business model focused on serving local and regional commercial and retail clients rather than a nationwide or global footprint. The company demonstrates a significant market presence with a total market capitalization of $8.24B, supported by an annual revenue of $3.31B and a workforce comprising 9,195 employees. These valuation and revenue figures indicate that the organization maintains a substantial asset base and generates sufficient income to support its extensive employee base and regional expansion efforts across multiple western and midwestern jurisdictions.
Financial Health
The financial performance metrics for the trailing twelve months show a revenue of $3.31B and a net income of $884.00M, while the EBITDA figure is not available for this specific reporting period. The substantial gap between the total revenue of $3.31B and the net income of $884.00M reveals a cost structure where operating expenses, including interest on deposits, salaries, and overhead, consume a significant portion of top-line earnings before arriving at the bottom line. Although free cash flow data is not provided in the available facts, the reported cash position of $4.73B suggests the company holds a robust liquidity reserve to meet operational obligations and potential regulatory requirements. When analyzing the three key margin figures, the gross margin stands at 0.0%, which is standard for financial institutions where the cost of funds directly offsets interest income; the operating margin is 38.8%, indicating efficient management of administrative costs relative to revenue, and the profit margin is 27.1%, reflecting the final profitability after all expenses and taxes. The company holds cash of $4.73B against total debt of $5.09B, with a debt-to-equity ratio listed as not available, meaning the balance sheet appears moderately leveraged given that debt slightly exceeds cash on hand, though the high cash buffer provides a safety margin. The current ratio is not available for analysis, so the assessment of short-term liquidity must rely on the absolute cash balance rather than the ratio of current assets to current liabilities. Return on Equity stands at 13.5%, which indicates that management is generating a healthy return on shareholders' invested capital, while Return on Assets is 1.0%, a metric that reflects the efficiency of the bank's total asset base in generating profit, a typical range for regional banking institutions.
Valuation Assessment
The trailing twelve-month P/E ratio is 9.27, while the forward P/E ratio is 8.54, implying that the market expects earnings growth that would lower the multiple over time, as the forward valuation is more attractive than the historical average. The price-to-book ratio is 1.16, indicating that the stock trades at a slight premium over its book value, suggesting investors value the company's intangible assets and franchise worth more than the tangible net assets recorded on the balance sheet. Alternative valuation metrics include a price-to-sales ratio of 2.49 and an EV/EBITDA ratio that is not available, where the P/S ratio suggests the market values the bank's revenue generation capability at a level higher than typical low-growth regional peers. The 52-week price range spans a high of $66.18 and a low of $39.32; without the exact current share price, the precise percentage distance cannot be calculated, but the range defines the volatility envelope within which the stock has traded over the last year. The beta value is 0.82, which means the stock exhibits lower price volatility relative to the broader market, moving less aggressively than the overall index during periods of market fluctuation.
Growth & Income
The company reports a revenue growth rate of 13.6% year over year and an earnings growth rate of 31.4% year over year, indicating that earnings are expanding significantly faster than revenue, which often implies improving operational leverage or margin expansion rather than just top-line volume increases. As a dividend payer, the company offers a dividend yield of 3.2% with a payout ratio of 29.3%, a level that is highly sustainable given the strong earnings growth and the fact that the payout ratio is well below 50%, leaving ample room to increase dividends or absorb economic shocks. The low payout ratio confirms that the company retains a majority of its earnings for reinvestment into the business, technology upgrades, or strategic acquisitions rather than distributing all profits to shareholders. The overall growth and income profile presents a scenario of rapid earnings acceleration supported by a conservative dividend policy that provides income stability without compromising the capital necessary for future regional banking operations.