What is Zions Bancorporation N A's earnings per share (EPS)?

Zions Bancorporation N A (ZION) reported diluted earnings per share of $6.01 for fiscal year 2025. This represents a 21.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Zions Bancorporation N A Financials

ZION

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Zions Bancorporation N A (ZION) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 69/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Zions Bancorporation N A's revenue grew a modest 3.6% year-over-year to $662.0M. This slow but positive growth earns a score of 39/100.

Leverage

Zions Bancorporation N A carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Zions Bancorporation N A converts 143.8% of revenue into free cash flow ($952.0M). This strong cash generation earns a score of 100/100.

Returns

Zions Bancorporation N A's ROE of 12.5% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 12.8% the prior year.

Piotroski F-Score Neutral

6/9

Zions Bancorporation N A passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, Zions Bancorporation N A generates $1.19 in operating cash flow ($1.1B OCF vs $899.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$662.0M

YoY+3.6%

5Y CAGR-25.0%

10Y CAGR-9.7%

Zions Bancorporation N A generated $662.0M in revenue in fiscal year 2025. This represents an increase of 3.6% from the prior year.

EBITDA

N/A

Net Income

$899.0M

YoY+14.7%

5Y CAGR+10.8%

10Y CAGR+11.3%

Zions Bancorporation N A reported $899.0M in net income in fiscal year 2025. This represents an increase of 14.7% from the prior year.

EPS (Diluted)

$6.01

YoY+21.4%

5Y CAGR+14.8%

10Y CAGR+17.5%

Zions Bancorporation N A earned $6.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$952.0M

YoY-9.4%

5Y CAGR+11.7%

10Y CAGR+12.0%

Zions Bancorporation N A generated $952.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.4% from the prior year.

Cash & Debt

$683.0M

YoY+4.9%

5Y CAGR+4.7%

Zions Bancorporation N A held $683.0M in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.76

YoY+6.0%

5Y CAGR+5.3%

Zions Bancorporation N A paid $1.76 per share in dividends in fiscal year 2025. This represents an increase of 6.0% from the prior year.

Shares Outstanding

148M

YoY-0.0%

5Y CAGR-2.1%

10Y CAGR-3.2%

Zions Bancorporation N A had 148M shares outstanding in fiscal year 2025. This represents a decrease of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

135.8%

YoY+13.1pp

5Y CAGR+116.5pp

10Y CAGR+118.9pp

Zions Bancorporation N A's net profit margin was 135.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13.1 percentage points from the prior year.

Return on Equity

12.5%

YoY-0.3pp

5Y CAGR+5.7pp

10Y CAGR+8.4pp

Zions Bancorporation N A's ROE was 12.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$41.0M

YoY+13.9%

5Y CAGR-11.6%

10Y CAGR+19.3%

Zions Bancorporation N A spent $41.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 13.9% from the prior year.

Capital Expenditures

$121.0M

YoY+24.7%

5Y CAGR-6.7%

10Y CAGR-2.6%

Zions Bancorporation N A invested $121.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 24.7% from the prior year.

ZION Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$662.0M+3.6%	$639.0M-79.5%	$3.1B-1.2%	$3.2B+8.3%	$2.9B+4.3%	$2.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.6B-16.4%	$1.9B+23.5%	$1.5B+715.7%	$185.0M+213.6%	$59.0M-61.2%	$152.0M
Income Tax	$276.0M+21.1%	$228.0M+10.7%	$206.0M-15.9%	$245.0M-22.7%	$317.0M+138.3%	$133.0M
Net Income	$899.0M+14.7%	$784.0M+15.3%	$680.0M-25.0%	$907.0M-19.7%	$1.1B+109.5%	$539.0M
EPS (Diluted)	$6.01+21.4%	$4.95+13.8%	$4.35-24.9%	$5.79-14.7%	$6.79+124.8%	$3.02

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.0B+538.7%	$163.0M-0.6%	$164.0M+3.8%	$158.0M-85.1%	$1.1B+559.6%	$161.0M-79.3%	$777.0M+4.7%	$742.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$683.0M+74.2%	$392.0M-2.7%	$403.0M-0.2%	$404.0M-35.6%	$627.0M+29.5%	$484.0M+1.7%	$476.0M+1.7%	$468.0M
Income Tax	N/A	$63.0M-7.4%	$68.0M-1.4%	$69.0M	N/A	$63.0M+3.3%	$61.0M+22.0%	$50.0M
Net Income	$263.0M+18.5%	$222.0M-9.0%	$244.0M+43.5%	$170.0M-21.3%	$216.0M+0.9%	$214.0M+6.5%	$201.0M+31.4%	$153.0M
EPS (Diluted)	$1.76+18.9%	$1.48-9.2%	$1.63+44.2%	$1.13-15.7%	$1.34-2.2%	$1.37+7.0%	$1.28+33.3%	$0.96

ZION Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$89.0B+0.2%	$88.8B+1.8%	$87.2B-2.6%	$89.5B-3.9%	$93.2B+14.4%	$81.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$683.0M+4.9%	$651.0M-9.1%	$716.0M+9.0%	$657.0M+10.4%	$595.0M+9.6%	$543.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B+3.2%	$1.0B0.0%	$1.0B0.0%	$1.0B+1.3%	$1.0B0.0%	$1.0B
Total Liabilities	$81.8B-1.0%	$82.7B+1.4%	$81.5B-3.7%	$84.7B-1.3%	$85.7B+16.5%	$73.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B+55.6%	$946.0M+74.5%	$542.0M-16.7%	$651.0M-35.7%	$1.0B-24.3%	$1.3B
Total Equity	$7.2B+17.2%	$6.1B+7.6%	$5.7B+16.3%	$4.9B-34.4%	$7.5B-5.4%	$7.9B
Retained Earnings	$7.3B+9.4%	$6.7B+7.9%	$6.2B+6.9%	$5.8B+12.3%	$5.2B+20.1%	$4.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$89.0B+0.5%	$88.5B-0.4%	$88.9B+1.0%	$88.0B-0.9%	$88.8B+2.0%	$87.0B-0.7%	$87.6B+0.6%	$87.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$683.0M-11.4%	$771.0M-1.2%	$780.0M-6.4%	$833.0M+28.0%	$651.0M-41.6%	$1.1B+55.4%	$717.0M+1.1%	$709.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B	N/A	N/A	N/A	$1.0B	N/A	N/A	N/A
Total Liabilities	$81.8B+0.2%	$81.7B-0.8%	$82.3B+0.8%	$81.7B-1.2%	$82.7B+2.5%	$80.6B-1.1%	$81.6B+0.4%	$81.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B-0.1%	$1.5B+51.9%	$970.0M+0.6%	$964.0M+1.9%	$946.0M+72.6%	$548.0M+0.4%	$546.0M+0.4%	$544.0M
Total Equity	$7.2B+4.6%	$6.9B+4.1%	$6.6B+4.3%	$6.3B+3.3%	$6.1B-4.1%	$6.4B+6.0%	$6.0B+3.4%	$5.8B
Retained Earnings	$7.3B+2.7%	$7.1B+2.2%	$7.0B+2.6%	$6.8B+1.6%	$6.7B+2.1%	$6.6B+2.2%	$6.4B+2.0%	$6.3B

ZION Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1B-6.5%	$1.1B+29.7%	$885.0M-39.8%	$1.5B+133.7%	$629.0M-12.5%	$719.0M
Capital Expenditures	$121.0M+24.7%	$97.0M-14.2%	$113.0M-40.5%	$190.0M-7.8%	$206.0M+20.5%	$171.0M
Free Cash Flow	$952.0M-9.4%	$1.1B+36.1%	$772.0M-39.7%	$1.3B+202.6%	$423.0M-22.8%	$548.0M
Investing Cash Flow	$738.0M+145.0%	-$1.6B-169.2%	$2.4B+68.7%	$1.4B+112.1%	-$11.6B+5.1%	-$12.2B
Financing Cash Flow	-$1.8B-516.6%	$427.0M+113.4%	-$3.2B-13.6%	-$2.8B-125.6%	$11.0B-2.8%	$11.3B
Dividends Paid	$267.0M-7.6%	$289.0M+2.5%	$282.0M+4.8%	$269.0M+3.1%	$261.0M+0.8%	$259.0M
Share Buybacks	$41.0M+13.9%	$36.0M-29.4%	$51.0M-74.8%	$202.0M-74.8%	$800.0M+952.6%	$76.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$518.0M+18.3%	$438.0M+806.5%	-$62.0M-134.6%	$179.0M-65.4%	$517.0M+334.5%	$119.0M-52.6%	$251.0M-3.8%	$261.0M
Capital Expenditures	$38.0M+52.0%	$25.0M-19.4%	$31.0M+14.8%	$27.0M-3.6%	$28.0M+27.3%	$22.0M+29.4%	$17.0M-43.3%	$30.0M
Free Cash Flow	$480.0M+16.2%	$413.0M+544.1%	-$93.0M-161.2%	$152.0M-68.9%	$489.0M+404.1%	$97.0M-58.5%	$234.0M+1.3%	$231.0M
Investing Cash Flow	-$651.0M-281.3%	$359.0M+156.9%	-$631.0M-138.0%	$1.7B+170.2%	-$2.4B-308.8%	$1.1B+346.3%	-$460.0M-967.9%	$53.0M
Financing Cash Flow	$45.0M+105.6%	-$806.0M-225.9%	$640.0M+138.6%	-$1.7B-219.6%	$1.4B+262.1%	-$855.0M-494.0%	$217.0M+167.6%	-$321.0M
Dividends Paid	$68.0M0.0%	$68.0M+4.6%	$65.0M-1.5%	$66.0M-10.8%	$74.0M+4.2%	$71.0M-1.4%	$72.0M+1.4%	$71.0M
Share Buybacks	$0	$0	$0-100.0%	$41.0M+4000.0%	$1.0M	$0	$0-100.0%	$35.0M

ZION Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	135.8%+13.1pp	122.7%+100.9pp	21.8%-7.0pp	28.8%-10.0pp	38.8%+19.5pp	19.3%
Return on Equity	12.5%-0.3pp	12.8%+0.9pp	11.9%-6.6pp	18.5%+3.4pp	15.1%+8.3pp	6.8%
Return on Assets	1.0%+0.1pp	0.9%+0.1pp	0.8%-0.2pp	1.0%-0.2pp	1.2%+0.5pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.20+0.1	0.15+0.1	0.10-0.0	0.130.0	0.14-0.0	0.17
FCF Margin	143.8%-20.7pp	164.5%+139.7pp	24.8%-15.8pp	40.6%+26.1pp	14.5%-5.1pp	19.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.3%-110.9pp	136.2%-12.6pp	148.8%+41.2pp	107.6%+87.3pp	20.3%-112.6pp	132.9%+107.0pp	25.9%+5.2pp	20.6%
Return on Equity	3.7%+0.4pp	3.2%-0.5pp	3.7%+1.0pp	2.7%-0.8pp	3.5%+0.2pp	3.4%+0.0pp	3.3%+0.7pp	2.6%
Return on Assets	0.3%+0.1pp	0.3%-0.0pp	0.3%+0.1pp	0.2%-0.0pp	0.2%-0.0pp	0.3%+0.0pp	0.2%+0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.200.0	0.21+0.1	0.150.0	0.150.0	0.15+0.1	0.090.0	0.090.0	0.09
FCF Margin	46.1%-207.3pp	253.4%+310.1pp	-56.7%-152.9pp	96.2%+50.1pp	46.1%-14.2pp	60.3%+30.1pp	30.1%-1.0pp	31.1%

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Frequently Asked Questions

What is Zions Bancorporation N A's annual revenue?

Zions Bancorporation N A (ZION) reported $662.0M in total revenue for fiscal year 2025. This represents a 3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Zions Bancorporation N A's revenue growing?

Zions Bancorporation N A (ZION) revenue grew by 3.6% year-over-year, from $639.0M to $662.0M in fiscal year 2025.

Is Zions Bancorporation N A profitable?

Yes, Zions Bancorporation N A (ZION) reported a net income of $899.0M in fiscal year 2025, with a net profit margin of 135.8%.

How much debt does Zions Bancorporation N A have?

As of fiscal year 2025, Zions Bancorporation N A (ZION) had $683.0M in cash and equivalents against $1.5B in long-term debt.

What is Zions Bancorporation N A's net profit margin?

Zions Bancorporation N A (ZION) had a net profit margin of 135.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Zions Bancorporation N A pay dividends?

Yes, Zions Bancorporation N A (ZION) paid $1.76 per share in dividends during fiscal year 2025.

What is Zions Bancorporation N A's return on equity (ROE)?

Zions Bancorporation N A (ZION) has a return on equity of 12.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Zions Bancorporation N A's free cash flow?

Zions Bancorporation N A (ZION) generated $952.0M in free cash flow during fiscal year 2025. This represents a -9.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Zions Bancorporation N A's operating cash flow?

Zions Bancorporation N A (ZION) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Zions Bancorporation N A's total assets?

Zions Bancorporation N A (ZION) had $89.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Zions Bancorporation N A's capital expenditures?

Zions Bancorporation N A (ZION) invested $121.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Zions Bancorporation N A buy back shares?

Yes, Zions Bancorporation N A (ZION) spent $41.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Zions Bancorporation N A have outstanding?

Zions Bancorporation N A (ZION) had 148M shares outstanding as of fiscal year 2025.

What is Zions Bancorporation N A's debt-to-equity ratio?

Zions Bancorporation N A (ZION) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Zions Bancorporation N A's return on assets (ROA)?

Zions Bancorporation N A (ZION) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Zions Bancorporation N A's Piotroski F-Score?

Zions Bancorporation N A (ZION) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Zions Bancorporation N A's earnings high quality?

Zions Bancorporation N A (ZION) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Zions Bancorporation N A?

Zions Bancorporation N A (ZION) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.