Zions Bancorporation (ZION)
Banking western businesses and households through seven locally managed franchises.
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Provides commercial, small-business, retail, commercial-real-estate, capital-markets, investment-banking, and wealth-management services across the western United States. Seven locally managed bank brands share the risk, capital, technology, and back-office infrastructure of a single national bank.
Provides commercial and small-business banking, capital-markets and investment-banking services, commercial-real-estate lending, retail banking, and wealth management through seven locally managed affiliates across western states.
Customer-facing franchises—including Zions Bank, California Bank & Trust, and Amegy Bank—retain distinct brands and management teams. Shared governance, risk oversight, capital allocation, technology, and back-office infrastructure support the network under a single national-bank charter.
Business lending, deposits, and cash management anchor the commercial offering, alongside public finance, merchant processing, securities underwriting, advisory, and capital raising. Most lending is concentrated in Utah, Idaho, Texas, and California. Credit performance depends on borrower cash flows, collateral values, and economic conditions in those markets, while the operating model depends on centralized services working across all seven affiliates.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Initiate | Rating: —Target: $66 | Target: $78 |
| Sep 8, 2026 | Morgan Stanley | Downgrade | ||
| Jul 23, 2026 | Evercore ISI | Downgrade | ||
| Jul 23, 2026 | Evercore ISI Group | Downgrade | ||
| Jul 21, 2026 | DA Davidson | Reiterate | Rating: —Target: $75 | Target: $84 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.37B · Total debt $3.18B · Total assets $89.04B · Shareholders' equity $7.68B
- Revenue
- $1.48B
- Operating income
- $583.0M
- Net income
- $453.0M
HistoryDividendAnnual yield
| Institutions | 84.28% | 123.01M shares | |
|---|---|---|---|
| 618 holders · as of Jun 30, 2026 | |||
| Insiders | 1.29% | 1.88M shares | |
| 18 holders · as of Sep 21, 2026 | |||
| Other | 14.43% | 21.07M shares | |
| remainder | |||
145.95M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
The Vanguard GroupInstitution | 12.61% | 18.40M | filed Feb 10, 2022 |
BlackRock, Inc.Institution | 9.73% | 14.20M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.61% | 11.11M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.24% | 7.64M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.54% | 6.63M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Scott A. Law | officer: Executive Vice President | −4,608 | $72.42 |
| Aug 3, 2026 | Scott J. Mclean | officer, other: President | −50,000 | $70.74 |
| Aug 4, 2026 | Scott J. Mclean | officer, other: President | −33,285 | $70.63 |
| Jul 28, 2026 | Derek Steward | officer: Executive Vice President | −894 | $69.65 |
| Jul 28, 2026 | Scott J. Mclean | officer, other: President | −6,650 |
- Wells Fargo
National-scale rival across western consumer and commercial banking
- U.S. Bancorp
Scaled western rival in business banking, payments, and wealth
- Western Alliance
Commercial-banking rival across Arizona, California, and Nevada
- Fifth Third
Commercial and wealth rival in Texas, Arizona, and California
- East West Bancorp
California-led rival in commercial banking and treasury services
- BOK Financial
Commercial, wealth, and capital-markets rival across the Southwest
- UMB Financial
Western commercial and institutional rival with broad product overlap
- Glacier Bancorp
Local-brand community bank rival across seven western footprint states
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zions Bancorporation | $63.95 | −1.59% | $9.48B | 8.3 | 9.7 | 1.8 | +4.8% |
| Wells Fargo | $83.43 | −3.59% | $261.71B | 12.5 | 11.1 | 2.0 | +8.6% |
| U.S. Bancorp | $59.22 | −2.02% | $94.15B | 12.1 | 10.9 | 2.2 | +10.6% |
| Western Alliance | $77.87 | −0.99% | $8.59B | 8.8 | 7.5 | 1.7 | +17.7% |
| Fifth Third | $52.71 | −1.13% | $48.32B | 18.2 | 12.1 | 3.2 | +45.2% |
| East West Bancorp | $126.10 | −1.31% | $17.50B | 12.3 | 11.6 | 3.7 | +12.5% |
| BOK Financial | $132.08 | −0.79% | $8.09B | 12.5 | 12.7 | 2.4 | +4.8% |
| UMB Financial | $133.97 | +0.33% | $10.14B | 11.1 | 10.1 | 2.2 | +22.9% |
| Glacier Bancorp | $44.60 | −0.49% | $5.83B | 18.1 | 13.2 | 3.8 | +36.8% |
| Median | 12.4 | 11.3 | 2.3 | +15.1% |