Zions Bancorporation, National Association

Finance
Major Banks
www.zionsbancorporation.com

Earnings Score
Safety Score

Market Cap $8.70B
PE 13
Debt $548.00M
Cash $1.11B
EV $8.14B
FCF $288.00M

Earnings

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Sales & Net Margins

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Earnings	$653.00M
ROE	10%
FCF	$288.00M
Equity	$6.39B
Growth Stability	69%
PE	13.33
PEG	4.69
PB	1.36
P/FCF	30.22
P/S	14.13
Price/Cash	0.13
Debt/Equity	0.09
Debt/FCF	1.9
Net Margins	115%
Earnings CAGR	9%
Sales Growth YoY	3%
Sales Growth QoQ	5%
Sales CAGR	1%
FCF CAGR	4%
Equity CAGR	-4%
Earnings Stability	0.37
Earnings Growth YoY	21%
Earnings Growth QoQ	7%

Earnings CAGR 5Y	3%
Sales CAGR 5Y	4%
FCF CAGR 5Y	4%
Equity CAGR 5Y	-8%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	1%
Equity CAGR 3Y	-1%
Market Cap	$8.70B
Revenue	$616.00M
Dividend Yield	3%
Payout Ratio	44%
Assets	$87.03B
Total Debt	$548.00M
Cash	$1.11B
Shares Outstanding	147.14M
EV	8.14B
Earnings Score	23%
Safety Score	91%
Shares Growth 3y	-1%
Equity Growth QoQ	6%
Equity Growth YoY	20%

Assets & ROA

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Stockholders Equity & ROE

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Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018.

SEC Filings

Direct access to Zions Bancorporation, National Association (ZION) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Zions Bancorporation, National Association compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Zions Bancorporation, National Association compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 9%

Stability 37%

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Zions Bancorporation, National Association Discounted Cash Flow

Fully customizable DCF calculator online for Zions Bancorporation, National Association .

Years

Calculation mode

= $3.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$288M	$300M	$312M	$325M	$339M	$353M	$368M	$383M	$399M	$415M	$432M	$4.3B
DCF		$273M	$258M	$244M	$231M	$219M	$207M	$196M	$186M	$176M	$167M	$1.7B
Value	$3.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	167%	149%	92%	191%	143%	105%	115%
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	3%	5%	7%	11%	11%	6%	15%	18%	11%	10%

Good Net Margins (115.24%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.16	1.34	0.5	6.09	6.51	5.31	4.53	8.65	6.37	1.9
Debt over Equity	0.15	0.11	0.07	0.05	0.84	0.51	0.37	0.26	2.26	0.86	0.09
Growth Stability	-	-	-	100%	100%	100%	69%	100%	100%	78%	69%

Good Debt/FCF ratio (1.9)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.09)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (69%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	3%	5%	5%	7%	1%	4%
Earnings YoY growth	-	-24%	67%	34%	55%	-8%	-35%	118%	-20%	-26%	3%
Equity YoY growth	-	2%	2%	1%	-1%	-3%	7%	-5%	-34%	16%	-8%
FCF YoY growth	-	36%	6%	90%	38%	-45%	-6%	-23%	203%	-40%	4%