公司概述
Zions Bancorporation, National Association operates as a regional bank providing a comprehensive suite of banking products and related services primarily across Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company functions within the Financial Services sector, specifically the Banks - Regional industry, which positions it to serve local communities while navigating the broader monetary landscape. As of the latest reporting period, the entity maintains a market capitalization of $9.02B and generates annual revenue of $3.31B, supported by an employee base of 9,195. These financial figures indicate that Zions Bancorporation holds a substantial asset base relative to its operational footprint, suggesting a regional institution with significant capital resources to support its lending and deposit-taking activities across the specified states.
财务健康
The company reported a revenue of $3.31B for the trailing twelve months, with a net income of $884.00M, while the EBITDA figure is not disclosed in the available data. The substantial gap between the $3.31B in revenue and the $884.00M in net income reveals a cost structure heavily influenced by high operating expenses inherent to the banking sector, where interest income is often offset by loan loss provisions and administrative costs. The free cash flow is not reported, which limits the direct assessment of operational cash generation but implies that cash management is a critical focus area given the reported cash balance. In terms of profitability margins, the gross margin is 0.0%, a standard characteristic for financial institutions where revenue is classified as net interest income rather than goods sold; the operating margin stands at 38.8%, indicating efficient control over operating expenses relative to revenue, and the profit margin is 27.1%, reflecting the final profitability after all costs and provisions. The company holds $4.73B in cash against $5.09B in debt, resulting in a debt-to-equity ratio that is not provided, yet the proximity of cash to debt suggests a conservative balance sheet approach with sufficient liquidity to service obligations. The current ratio is not available, preventing a direct calculation of short-term liquidity coverage, though the high cash balance relative to total debt provides a buffer for short-term obligations. Return on Equity is 13.5%, demonstrating effective generation of shareholder value, while Return on Assets is 1.0%, indicating the overall efficiency of the institution's asset base in generating income relative to its size.
估值评估
The trailing twelve-month P/E ratio is 10.15, whereas the forward P/E is projected at 9.27, implying that the market expects earnings growth that will compress the valuation multiple over the coming year. The price-to-book ratio is 1.27, indicating that the stock trades at a modest premium of 27% above its book value, which is typical for well-managed regional banks with strong capital ratios. Alternative valuation metrics include a price-to-sales ratio of 2.72 and an EV/EBITDA that is not available, suggesting that investors rely more heavily on earnings-based multiples to value the company given the lack of EBITDA disclosure. The stock has traded between a 52-week low of $39.42 and a 52-week high of $66.18, and without the exact current share price, the precise percentage distance from these bounds cannot be calculated, but the range defines the recent volatility envelope. With a beta of 0.80, the stock exhibits lower price volatility than the broader market, moving 20% less than the market average during periods of equity market fluctuation, which offers a relative defensive characteristic for a financial services holding.
Growth & Income
Revenue growth year-over-year is 13.6%, while earnings growth year-over-year is 31.4%, indicating that profitability is expanding at a rate significantly faster than top-line revenue, likely driven by improved net interest margins or reduced operating costs. For dividend payers, the company offers a dividend yield of 3.0% with a payout ratio of 29.3%, a conservative level that suggests the dividend is highly sustainable given the robust earnings growth and strong return on equity. The low payout ratio allows the company to retain a majority of its earnings for potential share buybacks, loan growth, or capital enhancement rather than distributing all profits to shareholders. Overall, the growth and income profile presents a scenario where earnings acceleration supports a healthy dividend yield while maintaining a balance sheet strong enough to absorb regional economic variances.