Zions Bancorporation, National Association (ZION)
Operating cash flow minus capital spending left $952M of free cash flow in fiscal 2025. At September 30, 2026 it held $727M in cash against $2.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Zions Bancorporation, National Association
- Net worth
- Zions Bancorporation, National Association has a market value (market cap) of $9.7B at the latest share price, and shareholders' equity of $7.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $1.1B of cash; after $121M of capital spending, free cash flow was $952M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Zions Bancorporation, National Association's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Zions Bancorporation, National Association paid dividends of $1.76 per share in fiscal 2025, a yield of 2.66% at the current price.
What Zions Bancorporation, National Association does
Zions Bancorporation, National Association is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NASDAQ under the ticker ZION.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $662M | $899M | $6.01 | $952M |
| 2024 | $639M | $784M | $4.95 | $1.1B |
| 2023 | $3.1B | $680M | $4.35 | $772M |
| 2022 | $3.2B | $907M | $5.79 | $1.3B |
| 2021 | $2.9B | $1.1B | $6.79 | $423M |
| 2020 | $2.8B | $539M | $3.02 | $548M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where ZION ranks in Finance
Dividends
Zions Bancorporation, National Association paid $1.76 per share in fiscal 2025. At the current price that is a yield of 2.66%. It paid out $267M in cash dividends, 30% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.76 | $267M | 30% |
| 2024 | $1.66 | $289M | 37% |
| 2023 | $1.64 | $282M | 41% |
| 2022 | $1.58 | $269M | 30% |
| 2021 | $1.44 | $261M | 23% |
| 2020 | $1.36 | $259M | 48% |
Latest SEC filings
What Zions Bancorporation, National Association has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Form 13F-HR filing 13F-HR
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 18% to $192M versus the same quarter last year; diluted EPS $1.78 versus $1.48.
- October 19, 2026
- September 9, 2026
- September 3, 2026Passive stake (5% or more) SCHEDULE 13G
- September 3, 2026Passive stake (5% or more) SCHEDULE 13G
- September 3, 2026Passive stake changed SCHEDULE 13G/A
- August 17, 2026Form N-PX filing N-PX
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $182M versus the same quarter last year; diluted EPS $3.05 versus $1.63.
- July 31, 2026Form 13F-HR filing 13F-HR
What is ZION worth? A DCF from its reported cash flow
Insider trades
What the people running Zions Bancorporation, National Association did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 11, 2026 | Simmons Harris HChairman & CEO, Director | Gave as a gift | 30,242 | - |
| August 11, 2026 | Simmons Harris HChairman & CEO, Director | Gave as a giftindirect | 30,242 | - |
| August 4, 2026 | Law Scott A.Executive Vice President | Exercised options | 3,705 | $169.1K |
| August 4, 2026 | Law Scott A.Executive Vice President | Sold | 3,705 | $268.4K |
| August 4, 2026 | Law Scott A.Executive Vice President | Exercised options | 903 | $41.2K |
| August 4, 2026 | Law Scott A.Executive Vice President | Sold | 903 | $65.3K |
| August 4, 2026 | Mclean Scott JPresident | Exercised options | 2,055 | $100K |
| August 4, 2026 | Mclean Scott JPresident | Exercised options | 18,820 | $915.6K |
Who owns ZION
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 7.4% | September 3, 2026 |
| Vanguard Capital Management13G, passive | 5.25% | September 3, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 599 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 14,196,331 | +175,799 |
| Vanguard Portfolio Management LLC | 11,107,629 | +252,051 |
| Dimensional Fund Advisors LP | 7,644,441 | +167,315 |
| Vanguard Capital Management LLC | 6,632,521 | +34,234 |
| State Street Corp | 5,929,244 | +46,220 |
| Geode Capital Management, LLC | 3,060,253 | +26,356 |
| Morgan Stanley | 3,040,366 | -19,300 |
| Two Sigma Investments, LP | 2,794,444 | +609,101 |
| Fuller & Thaler Asset Management, Inc. | 2,649,694 | +55,557 |
| Fiduciary Management Inc | 2,591,257 | -196,700 |
| Aqr Capital Management LLC | 2,579,678 | +334,980 |
| First Trust Advisors LP | 2,042,546 | +124,720 |
| Goldman Sachs Group Inc | 1,741,870 | -196,184 |
| Mackenzie Financial Corp | 1,739,633 | +501,539 |
| Norges Bank | 1,724,832 | new |
| Arrowstreet Capital, Limited Partnership | 1,700,223 | +226,723 |
| Quantinno Capital Management LP | 1,596,462 | +353,884 |
| Invesco Ltd. | 1,531,259 | +38,556 |
| Northern Trust Corp | 1,387,881 | +5,037 |
| Fmr LLC | 1,341,623 | +400,041 |
Insiders
16 insiders reported holding 1,860,120 shares in total, about $123.2M at the last price.
| Holder | Shares |
|---|---|
| Simmons Harris HChairman & CEO, Director | 1,326,493353,353 held indirectly |
| Mclean Scott JPresident | 97,42522,491 held indirectly |
| Burdiss Paul E.Executive Vice President | 89,528 |
| Stephens Steven DanExecutive Vice President | 48,105 |
| Ellingsen EricExecutive VP & | 44,467 |
| Murphy Edward FDirector | 43,251 |
| Kyriakakis ChristopherEVP - Chief Risk Officer | 39,119 |
| Richards Robert RyanController | 36,899 |
| Law Scott A.Executive Vice President | 32,890 |
| Yastine Barbara A.Director | 25,061 |
Questions about ZION
What does Zions Bancorporation, National Association do?
Zions Bancorporation, National Association is a company in the Finance sector, listed on NASDAQ as ZION. Its shares trade on NASDAQ under the ticker ZION.
What is Zions Bancorporation, National Association's net worth?
Zions Bancorporation, National Association has a market value (market cap) of $9.7B at the latest share price, and shareholders' equity of $7.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Zions Bancorporation, National Association profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.2B.
When did Zions Bancorporation, National Association last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Zions Bancorporation, National Association's next earnings report?
Zions Bancorporation, National Association's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Zions Bancorporation, National Association pay a dividend?
Yes. Zions Bancorporation, National Association paid dividends of $1.76 per share in fiscal 2025, a yield of 2.66% at the current price.
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Where the numbers come from
Financial figures are the values Zions Bancorporation, National Association tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.