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NASDAQ · NATIONAL COMMERCIAL BANKS · LARGE CAP

Zions Bancorporation, National Association ZION

18 fiscal years on record · USD · FY2025 reported · SEC filings only
7 YEARS OF DIVIDEND GROWTH
$662.0M
▲ 3.6% YoY
$899.0M
▲ 14.7% YoY
$952.0M
▼ 9.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It provides a wide range of banking products and related services, primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. At December 31, 2025, it had more than one million customers, served through 407 branches and various online, mobile and digital channels, and 9,195 full-time equivalent employees. Its operations are organized principally through seven separately managed, geographically defined bank divisions, each operating under its own local brand and management team: Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington, which also operates as The Commerce Bank of Oregon in Oregon. It supports a broad range of commercial customers, primarily small- and medium-sized businesses. It offers customized financing solutions to help customers raise capital efficiently, execute strategic transactions and manage exposure to financial markets. Its wealth management solutions provide planning-driven strategies, personalized advisory services and asset management capabilities.

Written from the business description in ZIONS BANCORPORATION, NATIONAL ASSOCIATION's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 662.0M
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.7 · Net income 0.9
2B3B
2008201120142017202020232025
Compound annual growth
+2.5%
−25.0%
−0.3%
+10.8%
+1.3%
+14.8%
+17.5%
+3.7%
+5.3%
−13.2%
−1.6%
+10.8%
+7.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −25.0% a year over the five years to FY2025 — but profit grew faster: net income at +10.8%, earnings per share at +14.8%.

The share count fell from 0.16B to 0.15B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

136 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Net 135.8%
50%100%
200820162025
ROE
FY2025 · ROE 13.5%
5%10%-5%-10%-15%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 302.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.0
1B2B
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.3 · Net buybacks 0.0
0.5B1.0BDividendsNet buybacks
2008201120142017202020232025

USD 267.0M in dividends and USD 35.0M in buybacks — 34% of the year's profit went back to shareholders.

Total assetsUSD 89.0B
EquityUSD 7.2B
CashUSD 683.0M
Gross debtUSD 4.6B
Net debtUSD 3.9B
DepositsUSD 75.6B

Net debt stands at 54% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ZION, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.70.60.60.62.92.82.82.8◌◌◌◌◌◌◌◌◌◌
Operating income $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.30.20.20.20.30.10.20.30.30.20.10.20.10.20.2−0.1−0.4−0.0
Net income $B0.90.80.70.91.10.50.80.90.60.50.30.40.30.30.3−0.3−1.2−0.3
Free cash flow $B1.01.10.81.30.40.50.61.00.80.40.30.20.70.71.01.61.01.1
EPS, diluted $6.014.954.355.796.793.024.164.082.601.991.201.681.580.970.83−2.48−9.92−2.68
Dividend / sh $1.761.661.641.581.441.361.281.04◌0.000.000.000.000.040.040.040.101.61
Payout %303741302348322722233524453848−37−8−73
ROE %13.513.312.814.714.77.110.911.67.76.24.25.84.25.44.8−4.7−19.9−4.1
Shares out B0.150.150.150.150.150.160.170.190.200.200.200.200.180.180.180.180.15◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNational Commercial Banks
Listed onNASDAQ
Incorporated inUtah
Fiscal year endsDecember 31
Data on record since2008

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