Zions Bancorpora Financials

ZIONP

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Zions Bancorpora (ZIONP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 63/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Zions Bancorpora's revenue declined 79.5% year-over-year, from $3.1B to $639.0M. This contraction results in a growth score of 0/100.

Leverage

100

Zions Bancorpora carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Zions Bancorpora converts 164.5% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 100/100.

Returns

Zions Bancorpora's ROE of 12.8% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 11.9% the prior year.

Piotroski F-Score Neutral

5/9

Zions Bancorpora passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.46x

For every $1 of reported earnings, Zions Bancorpora generates $1.46 in operating cash flow ($1.1B OCF vs $784.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$639.0M

YoY-79.5%

5Y CAGR-25.8%

10Y CAGR-10.1%

Zions Bancorpora generated $639.0M in revenue in fiscal year 2024. This represents a decrease of 79.5% from the prior year.

EBITDA

N/A

Free Cash Flow

$1.1B

YoY+36.1%

5Y CAGR+12.6%

10Y CAGR+17.8%

Zions Bancorpora generated $1.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 36.1% from the prior year.

Net Income

$784.0M

YoY+15.3%

5Y CAGR-0.8%

10Y CAGR+7.0%

Zions Bancorpora reported $784.0M in net income in fiscal year 2024. This represents an increase of 15.3% from the prior year.

EPS (Diluted)

$4.95

YoY+13.8%

5Y CAGR+3.5%

10Y CAGR+11.4%

Zions Bancorpora earned $4.95 per diluted share (EPS) in fiscal year 2024. This represents an increase of 13.8% from the prior year.

Cash & Debt

$651.0M

YoY-9.1%

5Y CAGR-1.6%

Zions Bancorpora held $651.0M in cash against $946.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.66

YoY+1.2%

5Y CAGR+5.3%

Zions Bancorpora paid $1.66 per share in dividends in fiscal year 2024. This represents an increase of 1.2% from the prior year.

Shares Outstanding

148M

YoY-0.2%

5Y CAGR-2.2%

10Y CAGR-3.1%

Zions Bancorpora had 148M shares outstanding in fiscal year 2024. This represents a decrease of 0.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

122.7%

YoY+100.9pp

5Y CAGR+93.9pp

10Y CAGR+101.2pp

Zions Bancorpora's net profit margin was 122.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 100.9 percentage points from the prior year.

Return on Equity

12.8%

YoY+0.9pp

5Y CAGR+1.7pp

10Y CAGR+7.4pp

Zions Bancorpora's ROE was 12.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$36.0M

YoY-29.4%

5Y CAGR-49.6%

10Y CAGR+20.5%

Zions Bancorpora spent $36.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 29.4% from the prior year.

Capital Expenditures

$97.0M

YoY-14.2%

5Y CAGR-3.7%

10Y CAGR-5.8%

Zions Bancorpora invested $97.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 14.2% from the prior year.

ZIONP Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$639.0M-79.5%	$3.1B-1.2%	$3.2B+8.3%	$2.9B+4.3%	$2.8B-1.7%	$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	$1.9B+23.5%	$1.5B+715.7%	$185.0M+213.6%	$59.0M-61.2%	$152.0M-63.0%	$411.0M
Income Tax	$228.0M+10.7%	$206.0M-15.9%	$245.0M-22.7%	$317.0M+138.3%	$133.0M-43.9%	$237.0M
Net Income	$784.0M+15.3%	$680.0M-25.0%	$907.0M-19.7%	$1.1B+109.5%	$539.0M-33.9%	$816.0M
EPS (Diluted)	$4.95+13.8%	$4.35-24.9%	$5.79-14.7%	$6.79+124.8%	$3.02-27.4%	$4.16

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$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-28.7%	$1.0B
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	$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-19.7%	$583.0M
Income Tax	$63.0M-7.4%	$68.0M-1.4%	$69.0M+32.7%	$52.0M-17.5%	$63.0M+3.3%	$61.0M+22.0%	$50.0M+108.3%	$24.0M
Net Income	$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+21.4%	$126.0M
EPS (Diluted)	$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+23.1%	$0.78

ZIONP Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$88.8B+1.8%	$87.2B-2.6%	$89.5B-3.9%	$93.2B+14.4%	$81.5B+17.8%	$69.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$651.0M-9.1%	$716.0M+9.0%	$657.0M+10.4%	$595.0M+9.6%	$543.0M-23.0%	$705.0M
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	$1.0B0.0%	$1.0B0.0%	$1.0B+1.3%	$1.0B0.0%	$1.0B0.0%	$1.0B
Total Liabilities	$82.7B+1.4%	$81.5B-3.7%	$84.7B-1.3%	$85.7B+16.5%	$73.6B+19.0%	$61.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$946.0M+74.5%	$542.0M-16.7%	$651.0M-35.7%	$1.0B-24.3%	$1.3B-22.5%	$1.7B
Total Equity	$6.1B+7.6%	$5.7B+16.3%	$4.9B-34.4%	$7.5B-5.4%	$7.9B+7.2%	$7.4B
Retained Earnings	$6.7B+7.9%	$6.2B+6.9%	$5.8B+12.3%	$5.2B+20.1%	$4.3B+7.5%	$4.0B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$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-0.2%	$87.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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-1.0%	$716.0M
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	$1.0B0.0%	$1.0B0.0%	$1.0B-1.3%	$1.0B+1.3%	$1.0B0.0%	$1.0B0.0%	$1.0B-1.3%	$1.0B
Total Liabilities	$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-0.3%	$81.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$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+0.4%	$542.0M
Total Equity	$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+2.4%	$5.7B
Retained Earnings	$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+1.3%	$6.2B

ZIONP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.1B+29.7%	$885.0M-39.8%	$1.5B+133.7%	$629.0M-12.5%	$719.0M+3.2%	$697.0M
Capital Expenditures	$97.0M-14.2%	$113.0M-40.5%	$190.0M-7.8%	$206.0M+20.5%	$171.0M+46.2%	$117.0M
Free Cash Flow	$1.1B+36.1%	$772.0M-39.7%	$1.3B+202.6%	$423.0M-22.8%	$548.0M-5.5%	$580.0M
Investing Cash Flow	-$1.6B-169.2%	$2.4B+68.7%	$1.4B+112.1%	-$11.6B+5.1%	-$12.2B-3354.4%	$375.0M
Financing Cash Flow	$427.0M+113.4%	-$3.2B-13.6%	-$2.8B-125.6%	$11.0B-2.8%	$11.3B+1254.2%	-$981.0M
Dividends Paid	$289.0M+2.5%	$282.0M+4.8%	$269.0M+3.1%	$261.0M+0.8%	$259.0M-0.4%	$260.0M
Share Buybacks	$36.0M-29.4%	$51.0M-74.8%	$202.0M-74.8%	$800.0M+952.6%	$76.0M-93.1%	$1.1B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$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+206.5%	-$245.0M
Capital Expenditures	$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+3.4%	$29.0M
Free Cash Flow	$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+184.3%	-$274.0M
Investing Cash Flow	$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-92.8%	$738.0M
Financing Cash Flow	-$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+32.7%	-$477.0M
Dividends Paid	$68.0M+4.6%	$65.0M-1.5%	$66.0M-10.8%	$74.0M+4.2%	$71.0M-1.4%	$72.0M+1.4%	$71.0M0.0%	$71.0M
Share Buybacks	$0	$0-100.0%	$41.0M+4000.0%	$1.0M	$0	$0-100.0%	$35.0M+3400.0%	$1.0M

ZIONP Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	122.7%+100.9pp	21.8%-7.0pp	28.8%-10.0pp	38.8%+19.5pp	19.3%-9.4pp	28.7%
Return on Equity	12.8%+0.9pp	11.9%-6.6pp	18.5%+3.4pp	15.1%+8.3pp	6.8%-4.3pp	11.1%
Return on Assets	0.9%+0.1pp	0.8%-0.2pp	1.0%-0.2pp	1.2%+0.5pp	0.7%-0.5pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.15+0.1	0.10-0.0	0.130.0	0.14-0.0	0.17-0.1	0.23
FCF Margin	164.5%+139.7pp	24.8%-15.8pp	40.6%+26.1pp	14.5%-5.1pp	19.6%-0.8pp	20.4%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
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	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%+8.5pp	12.1%
Return on Equity	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%+0.4pp	2.2%
Return on Assets	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%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.21+0.1	0.150.0	0.150.0	0.15+0.1	0.090.0	0.090.0	0.090.0	0.10
FCF Margin	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%+57.5pp	-26.4%

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Frequently Asked Questions

What is Zions Bancorpora's annual revenue?

Zions Bancorpora (ZIONP) reported $639.0M in total revenue for fiscal year 2024. This represents a -79.5% 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 Bancorpora's revenue growing?

Zions Bancorpora (ZIONP) revenue declined by 79.5% year-over-year, from $3.1B to $639.0M in fiscal year 2024.

Is Zions Bancorpora profitable?

Yes, Zions Bancorpora (ZIONP) reported a net income of $784.0M in fiscal year 2024, with a net profit margin of 122.7%.

What is Zions Bancorpora's earnings per share (EPS)?

Zions Bancorpora (ZIONP) reported diluted earnings per share of $4.95 for fiscal year 2024. This represents a 13.8% 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.

How much debt does Zions Bancorpora have?

As of fiscal year 2024, Zions Bancorpora (ZIONP) had $651.0M in cash and equivalents against $946.0M in long-term debt.

What is Zions Bancorpora's net profit margin?

Zions Bancorpora (ZIONP) had a net profit margin of 122.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Zions Bancorpora pay dividends?

Yes, Zions Bancorpora (ZIONP) paid $1.66 per share in dividends during fiscal year 2024.

What is Zions Bancorpora's return on equity (ROE)?

Zions Bancorpora (ZIONP) has a return on equity of 12.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Zions Bancorpora's free cash flow?

Zions Bancorpora (ZIONP) generated $1.1B in free cash flow during fiscal year 2024. This represents a 36.1% 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 Bancorpora's operating cash flow?

Zions Bancorpora (ZIONP) generated $1.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Zions Bancorpora's total assets?

Zions Bancorpora (ZIONP) had $88.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Zions Bancorpora's capital expenditures?

Zions Bancorpora (ZIONP) invested $97.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Zions Bancorpora buy back shares?

Yes, Zions Bancorpora (ZIONP) spent $36.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Zions Bancorpora have outstanding?

Zions Bancorpora (ZIONP) had 148M shares outstanding as of fiscal year 2024.

What is Zions Bancorpora's debt-to-equity ratio?

Zions Bancorpora (ZIONP) had a debt-to-equity ratio of 0.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Zions Bancorpora's return on assets (ROA)?

Zions Bancorpora (ZIONP) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Zions Bancorpora's Piotroski F-Score?

Zions Bancorpora (ZIONP) has a Piotroski F-Score of 5 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 Bancorpora's earnings high quality?

Zions Bancorpora (ZIONP) has an earnings quality ratio of 1.46x, 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 Bancorpora?

Zions Bancorpora (ZIONP) scores 63 out of 100 on our Financial Profile, indicating moderate 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.