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Zions Bancorporation, National Association

ZION
62
Banks - Regional · Financial Services
Also trades as: 0M3L.L GBP 0.67 (+0.54%)
Price
$66.20
-0.19 (-0.29%)
Market Cap
$9.66B
Exchange
NASDAQ
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 24, 2026 · filings through Sep 30, 2026

§How the score breaks down

Bank Quality
Good
15/30
Growth
Exceptional
17/20
Capital Strength
Strong
7/10
Asset Quality
Exceptional
10/10
Valuation
Good
6/10
Ownership
Mixed
4/15
Dividends
Good
3/5

62 of 100 counted points = Winston Score 62.

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Share count falling — buybacks

−8.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 160.2M (2021) → 147.2M (2025)

§Winston Score History

The full picture

Zions Bancorporation is a regional bank headquartered in Salt Lake City, Utah. It offers everyday banking services like checking accounts, loans, mortgages, and business banking to individuals, small businesses, and larger companies. Zions operates across 11 western and southwestern U.S. states through several local bank brands, including Zions Bank, California Bank & Trust, and Amegy Bank.

The company makes money primarily from the difference between the interest it charges on loans and the interest it pays on deposits — called net interest income — plus fees from banking services. With roughly $90 billion in total assets, Zions is one of the larger regional banks in the western United States, giving it a solid local presence and established customer relationships in growing Sun Belt markets. The main risk the company faces is sensitivity to interest rate changes, since falling rates can squeeze the profit margin between what it earns on loans and what it pays depositors.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-0.8% YoY

YoY Growth Rate

Revenue declining

Reported EPS Growth

+20.3% YoY

Quarterly reporting periods ended:

30 Sept 2025: $1.48

30 Sept 2026: $1.78

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

1.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$85.7B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Zions Bancorporation, National Association's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Bank Quality

Return on owners' money
Return on Equity
12.9%
no trend
Strong — 12.9% return on equity

Standard mid-range return on equity. Acceptable.

Profit on lending
Net Interest Margin
3.25%
no trend
Healthy — 3.25% net interest margin
Cost of running the bank
Efficiency Ratio
66.0%
no trend
Bloated cost base — 66.0% efficiency ratio

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Growth

Sales growth
Sales YoY
+4.2%
Slow sales growth (+4.2% YoY)
Profit growth
EPS YoY
+46.4%
Earnings growing fast (+46.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Capital Strength

Safety cushion
Capital Ratio
11.6%
no trend
Well capitalised — 11.6% CET1

A solid capital cushion. The bank can take some loan losses and keep going.

Asset Quality

Loans not being repaid
Non-Performing Loans
0.46%
no trend
Clean loan book — 0.46% non-performing

Under half a percent of loans are going bad. A very clean loan book.

Loans written off
Net Charge-Offs
0.03%
no trend
Minimal losses — 0.03% net charge-offs

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Valuation

Price vs profit
P/E Ratio (TTM)
8.1x
Attractive valuation — P/E 8.1

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-0.2
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
2.92%
Moderate income — 2.92% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+5.2%
Dividend growing modestly (5.2% YoY)
Payout Ratio
28%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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