Annual Income Statements for Zions Bancorporation, N.A.
Annual Income Statements for Zions Bancorporation, N.A.
This table shows Zions Bancorporation, N.A.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Zions Bancorporation, N.A.
This table shows Zions Bancorporation, N.A.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
211 |
277 |
198 |
166 |
168 |
116 |
143 |
190 |
204 |
200 |
169 |
Consolidated Net Income / (Loss) |
|
217 |
284 |
204 |
175 |
175 |
126 |
153 |
201 |
214 |
216 |
170 |
Net Income / (Loss) Continuing Operations |
|
217 |
284 |
204 |
175 |
175 |
110 |
153 |
201 |
214 |
216 |
170 |
Total Pre-Tax Income |
|
278 |
359 |
282 |
226 |
228 |
150 |
203 |
262 |
277 |
270 |
239 |
Total Revenue |
|
828 |
873 |
839 |
780 |
765 |
731 |
742 |
776 |
792 |
820 |
795 |
Net Interest Income / (Expense) |
|
663 |
720 |
679 |
591 |
585 |
583 |
586 |
597 |
620 |
627 |
624 |
Total Interest Income |
|
707 |
835 |
920 |
977 |
1,010 |
1,040 |
1,054 |
1,073 |
1,104 |
1,062 |
1,028 |
Loans and Leases Interest Income |
|
551 |
656 |
726 |
791 |
831 |
848 |
865 |
877 |
899 |
873 |
850 |
Investment Securities Interest Income |
|
132 |
140 |
137 |
138 |
144 |
144 |
142 |
140 |
138 |
129 |
125 |
Deposits and Money Market Investments Interest Income |
|
24 |
39 |
57 |
48 |
35 |
48 |
47 |
56 |
67 |
60 |
53 |
Total Interest Expense |
|
44 |
115 |
241 |
386 |
425 |
457 |
468 |
476 |
484 |
435 |
404 |
Deposits Interest Expense |
|
19 |
38 |
82 |
220 |
366 |
395 |
376 |
390 |
403 |
371 |
326 |
Long-Term Debt Interest Expense |
|
25 |
77 |
159 |
166 |
59 |
62 |
92 |
86 |
81 |
64 |
78 |
Total Non-Interest Income |
|
165 |
153 |
160 |
189 |
180 |
148 |
156 |
179 |
172 |
193 |
171 |
Trust Fees by Commissions |
|
14 |
14 |
15 |
14 |
15 |
14 |
15 |
15 |
14 |
14 |
15 |
Other Service Charges |
|
125 |
123 |
120 |
132 |
125 |
119 |
120 |
123 |
129 |
142 |
126 |
Net Realized & Unrealized Capital Gains on Investments |
|
10 |
8.00 |
9.00 |
27 |
23 |
-2.00 |
5.00 |
25 |
11 |
20 |
13 |
Investment Banking Income |
|
- |
- |
- |
16 |
- |
- |
- |
- |
- |
- |
17 |
Provision for Credit Losses |
|
71 |
22 |
45 |
46 |
41 |
16 |
13 |
5.00 |
13 |
41 |
17 |
Total Non-Interest Expense |
|
479 |
471 |
512 |
508 |
496 |
581 |
526 |
509 |
502 |
509 |
538 |
Salaries and Employee Benefits |
|
312 |
304 |
339 |
324 |
311 |
301 |
331 |
318 |
317 |
321 |
342 |
Net Occupancy & Equipment Expense |
|
91 |
91 |
95 |
98 |
104 |
103 |
101 |
106 |
106 |
108 |
111 |
Marketing Expense |
|
11 |
11 |
12 |
13 |
10 |
11 |
10 |
13 |
12 |
10 |
11 |
Property & Liability Insurance Claims |
|
13 |
14 |
18 |
22 |
20 |
109 |
34 |
21 |
19 |
17 |
22 |
Other Operating Expenses |
|
52 |
72 |
48 |
51 |
51 |
41 |
50 |
51 |
48 |
53 |
52 |
Income Tax Expense |
|
61 |
75 |
78 |
51 |
53 |
24 |
50 |
61 |
63 |
54 |
69 |
Preferred Stock Dividends Declared |
|
6.00 |
7.00 |
6.00 |
9.00 |
7.00 |
10 |
10 |
11 |
10 |
16 |
1.00 |
Basic Earnings per Share |
|
$1.40 |
$1.84 |
$1.33 |
$1.11 |
$1.13 |
$0.78 |
$0.96 |
$1.28 |
$1.37 |
$1.34 |
$1.13 |
Weighted Average Basic Shares Outstanding |
|
149.63M |
150.06M |
148.02M |
147.69M |
147.65M |
147.75M |
147.34M |
147.12M |
147.14M |
147.21M |
147.32M |
Diluted Earnings per Share |
|
$1.40 |
$1.83 |
$1.33 |
$1.11 |
$1.13 |
$0.78 |
$0.96 |
$1.28 |
$1.37 |
$1.34 |
$1.13 |
Weighted Average Diluted Shares Outstanding |
|
149.79M |
150.27M |
148.04M |
147.70M |
147.65M |
147.76M |
147.34M |
147.12M |
147.15M |
147.22M |
147.39M |
Weighted Average Basic & Diluted Shares Outstanding |
|
149.62M |
148.65M |
148.10M |
148.15M |
148.15M |
148.16M |
147.65M |
147.70M |
147.71M |
147.89M |
147.57M |
Cash Dividends to Common per Share |
|
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.41 |
$0.43 |
$0.43 |
Annual Cash Flow Statements for Zions Bancorporation, N.A.
This table details how cash moves in and out of Zions Bancorporation, N.A.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-44 |
-61 |
-189 |
66 |
91 |
-162 |
52 |
62 |
59 |
-65 |
Net Cash From Operating Activities |
|
464 |
596 |
928 |
1,176 |
697 |
719 |
629 |
1,470 |
885 |
1,148 |
Net Cash From Continuing Operating Activities |
|
337 |
596 |
928 |
1,176 |
697 |
719 |
629 |
1,470 |
885 |
1,148 |
Net Income / (Loss) Continuing Operations |
|
309 |
469 |
592 |
884 |
816 |
539 |
1,129 |
907 |
680 |
784 |
Consolidated Net Income / (Loss) |
|
309 |
469 |
592 |
884 |
816 |
539 |
1,129 |
907 |
680 |
784 |
Provision For Loan Losses |
|
34 |
83 |
17 |
-40 |
39 |
414 |
-276 |
122 |
132 |
72 |
Depreciation Expense |
|
86 |
123 |
179 |
193 |
188 |
86 |
-14 |
110 |
140 |
124 |
Non-Cash Adjustments to Reconcile Net Income |
|
-35 |
-4.00 |
136 |
0.00 |
7.00 |
-61 |
-52 |
-59 |
81 |
-9.00 |
Changes in Operating Assets and Liabilities, net |
|
-57 |
-75 |
4.00 |
139 |
-353 |
-259 |
-158 |
390 |
-148 |
177 |
Net Cash From Investing Activities |
|
-2,579 |
-3,436 |
-3,919 |
-2,706 |
375 |
-12,204 |
-11,579 |
1,405 |
2,370 |
-1,640 |
Net Cash From Continuing Investing Activities |
|
-2,579 |
-3,436 |
-3,919 |
-2,706 |
375 |
-12,204 |
-11,579 |
1,405 |
2,370 |
-1,640 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-157 |
-196 |
-169 |
-129 |
-117 |
-171 |
-206 |
-190 |
-113 |
-97 |
Purchase of Investment Securities |
|
-6,106 |
-11,897 |
-7,175 |
-6,019 |
-3,858 |
-11,189 |
-11,032 |
-10,836 |
-2,627 |
-2,729 |
Sale and/or Maturity of Investments |
|
3,684 |
8,657 |
3,425 |
3,436 |
4,350 |
-844 |
-341 |
12,431 |
5,110 |
1,186 |
Net Cash From Financing Activities |
|
2,071 |
2,779 |
2,802 |
1,596 |
-981 |
11,323 |
11,002 |
-2,813 |
-3,196 |
427 |
Net Cash From Continuing Financing Activities |
|
2,071 |
2,779 |
2,802 |
1,596 |
-981 |
11,323 |
11,002 |
-2,813 |
-3,196 |
427 |
Net Change in Deposits |
|
2,526 |
2,883 |
-614 |
1,484 |
2,984 |
12,568 |
13,136 |
-11,567 |
3,309 |
1,262 |
Issuance of Debt |
|
103 |
480 |
7,249 |
3,174 |
992 |
-481 |
-669 |
9,514 |
-6,038 |
-51 |
Issuance of Common Equity |
|
22 |
25 |
25 |
20 |
14 |
8.00 |
21 |
9.00 |
3.00 |
10 |
Repayment of Debt |
|
-288 |
-280 |
-3,253 |
-2,174 |
-3,600 |
-429 |
-286 |
-290 |
-128 |
-88 |
Repurchase of Preferred Equity |
|
-176 |
-126 |
-144 |
- |
0.00 |
0.00 |
-126 |
0.00 |
0.00 |
-374 |
Repurchase of Common Equity |
|
-7.00 |
-97 |
-321 |
-672 |
-1,102 |
-76 |
-800 |
-202 |
-51 |
-36 |
Payment of Dividends |
|
-108 |
-108 |
-129 |
-236 |
-260 |
-259 |
-261 |
-269 |
-282 |
-289 |
Other Financing Activities, Net |
|
-1.00 |
2.00 |
-11 |
- |
-9.00 |
-8.00 |
-13 |
-8.00 |
-9.00 |
-7.00 |
Cash Interest Paid |
|
102 |
83 |
118 |
237 |
401 |
195 |
81 |
160 |
1,368 |
1,905 |
Cash Income Taxes Paid |
|
132 |
214 |
246 |
207 |
233 |
169 |
442 |
21 |
255 |
192 |
Quarterly Cash Flow Statements for Zions Bancorporation, N.A.
This table details how cash moves in and out of Zions Bancorporation, N.A.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-10 |
108 |
-50 |
94 |
-1.00 |
16 |
-7.00 |
8.00 |
397 |
-463 |
182 |
Net Cash From Operating Activities |
|
172 |
494 |
221 |
598 |
311 |
-245 |
261 |
251 |
119 |
517 |
179 |
Net Cash From Continuing Operating Activities |
|
172 |
494 |
221 |
598 |
311 |
-245 |
261 |
251 |
119 |
517 |
179 |
Net Income / (Loss) Continuing Operations |
|
217 |
284 |
204 |
175 |
175 |
126 |
153 |
201 |
214 |
216 |
170 |
Consolidated Net Income / (Loss) |
|
217 |
284 |
204 |
175 |
175 |
126 |
153 |
201 |
214 |
216 |
170 |
Provision For Loan Losses |
|
71 |
43 |
45 |
46 |
41 |
- |
13 |
5.00 |
13 |
41 |
18 |
Depreciation Expense |
|
34 |
31 |
36 |
36 |
36 |
32 |
32 |
31 |
32 |
29 |
28 |
Non-Cash Adjustments to Reconcile Net Income |
|
-32 |
-79 |
19 |
49 |
30 |
-17 |
34 |
-7.00 |
-20 |
-16 |
33 |
Changes in Operating Assets and Liabilities, net |
|
-118 |
215 |
-83 |
292 |
29 |
-386 |
29 |
21 |
-120 |
247 |
-70 |
Net Cash From Investing Activities |
|
-1,343 |
-549 |
591 |
1,189 |
-148 |
738 |
53 |
-460 |
1,133 |
-2,366 |
1,661 |
Net Cash From Continuing Investing Activities |
|
-1,343 |
-549 |
591 |
1,189 |
-148 |
738 |
53 |
-460 |
1,133 |
-2,366 |
1,661 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-52 |
-36 |
-31 |
-22 |
-31 |
-29 |
-30 |
-17 |
-22 |
-28 |
-27 |
Purchase of Investment Securities |
|
-1,764 |
-1,602 |
-923 |
-534 |
-101 |
-1,069 |
-478 |
-655 |
-566 |
-1,030 |
-470 |
Sale and/or Maturity of Investments |
|
473 |
1,089 |
1,545 |
1,745 |
-16 |
1,836 |
561 |
212 |
1,721 |
-1,308 |
2,158 |
Net Cash From Financing Activities |
|
1,161 |
163 |
-862 |
-1,693 |
-164 |
-477 |
-321 |
217 |
-855 |
1,386 |
-1,658 |
Net Cash From Continuing Financing Activities |
|
1,161 |
163 |
-862 |
-1,693 |
-164 |
-477 |
-321 |
217 |
-855 |
1,386 |
-1,658 |
Net Change in Deposits |
|
-3,066 |
-4,773 |
-2,445 |
5,116 |
1,076 |
-438 |
-724 |
-467 |
1,948 |
505 |
-1,188 |
Issuance of Debt |
|
4,346 |
5,053 |
1,707 |
-6,611 |
-1,167 |
33 |
516 |
755 |
-2,731 |
1,409 |
-356 |
Issuance of Common Equity |
|
- |
1.00 |
2.00 |
- |
- |
1.00 |
0.00 |
- |
1.00 |
9.00 |
4.00 |
Repurchase of Common Equity |
|
-50 |
-51 |
-50 |
- |
- |
-1.00 |
-35 |
- |
- |
-1.00 |
-41 |
Payment of Dividends |
|
-70 |
-69 |
-69 |
-69 |
-73 |
-71 |
-71 |
-72 |
-72 |
-74 |
-66 |
Other Financing Activities, Net |
|
1.00 |
2.00 |
-7.00 |
-1.00 |
- |
-1.00 |
-7.00 |
1.00 |
-1.00 |
- |
-11 |
Cash Interest Paid |
|
32 |
97 |
224 |
322 |
367 |
455 |
491 |
449 |
483 |
482 |
423 |
Cash Income Taxes Paid |
|
1.00 |
16 |
0.00 |
231 |
2.00 |
22 |
0.00 |
90 |
41 |
61 |
1.00 |
Annual Balance Sheets for Zions Bancorporation, N.A.
This table presents Zions Bancorporation, N.A.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
59,665 |
63,239 |
66,288 |
68,746 |
69,172 |
81,479 |
93,200 |
89,545 |
87,203 |
88,775 |
Cash and Due from Banks |
|
798 |
737 |
548 |
614 |
705 |
543 |
595 |
657 |
716 |
651 |
Federal Funds Sold |
|
620 |
568 |
514 |
1,461 |
484 |
5,765 |
2,133 |
2,426 |
937 |
1,453 |
Interest Bearing Deposits at Other Banks |
|
6,108 |
1,411 |
782 |
619 |
743 |
1,074 |
10,283 |
1,340 |
1,488 |
2,850 |
Trading Account Securities |
|
8,387 |
14,527 |
16,123 |
15,710 |
14,628 |
16,714 |
24,944 |
23,514 |
20,730 |
18,799 |
Loans and Leases, Net of Allowance |
|
40,043 |
42,082 |
44,262 |
46,219 |
-495 |
52,699 |
50,338 |
55,078 |
57,095 |
58,714 |
Loans and Leases |
|
40,650 |
42,649 |
44,780 |
46,714 |
- |
53,476 |
50,851 |
55,653 |
57,779 |
59,410 |
Allowance for Loan and Lease Losses |
|
606 |
567 |
518 |
495 |
495 |
777 |
513 |
575 |
684 |
696 |
Loans Held for Sale |
|
- |
- |
- |
- |
- |
- |
- |
- |
53 |
74 |
Premises and Equipment, Net |
|
905 |
1,020 |
1,094 |
1,124 |
1,142 |
1,209 |
1,319 |
1,408 |
1,400 |
1,366 |
Intangible Assets |
|
16 |
- |
- |
1,015 |
1,014 |
1,016 |
1,015 |
1,065 |
1,059 |
1,052 |
Other Assets |
|
1,772 |
1,868 |
1,945 |
1,984 |
50,951 |
2,459 |
2,573 |
4,057 |
3,725 |
3,816 |
Total Liabilities & Shareholders' Equity |
|
59,665 |
63,239 |
66,288 |
68,746 |
69,172 |
81,479 |
93,200 |
89,545 |
87,203 |
88,775 |
Total Liabilities |
|
52,157 |
55,605 |
58,609 |
61,168 |
61,819 |
73,593 |
85,737 |
84,652 |
81,512 |
82,651 |
Non-Interest Bearing Deposits |
|
22,277 |
53,236 |
52,621 |
23,645 |
23,576 |
32,494 |
82,789 |
71,652 |
26,244 |
24,704 |
Interest Bearing Deposits |
|
28,097 |
- |
- |
30,456 |
33,509 |
37,159 |
- |
- |
48,717 |
51,519 |
Federal Funds Purchased and Securities Sold |
|
347 |
827 |
4,976 |
5,653 |
2,053 |
1,572 |
903 |
10,417 |
4,379 |
3,832 |
Long-Term Debt |
|
812 |
535 |
383 |
724 |
1,723 |
1,336 |
1,012 |
651 |
542 |
950 |
Other Long-Term Liabilities |
|
624 |
1,007 |
629 |
690 |
958 |
1,032 |
1,033 |
1,932 |
1,630 |
1,646 |
Total Equity & Noncontrolling Interests |
|
7,508 |
7,634 |
7,679 |
7,578 |
7,353 |
7,886 |
7,463 |
4,893 |
5,691 |
6,124 |
Total Preferred & Common Equity |
|
7,508 |
7,634 |
7,679 |
7,578 |
7,353 |
7,886 |
7,463 |
4,893 |
5,691 |
6,124 |
Preferred Stock |
|
828 |
710 |
566 |
566 |
566 |
566 |
440 |
440 |
440 |
66 |
Total Common Equity |
|
6,679 |
6,924 |
7,113 |
7,012 |
6,787 |
7,320 |
7,023 |
4,453 |
5,251 |
6,058 |
Common Stock |
|
4,767 |
4,725 |
4,445 |
3,806 |
2,735 |
2,686 |
1,928 |
1,754 |
1,731 |
1,737 |
Retained Earnings |
|
1,967 |
2,321 |
2,807 |
3,456 |
4,009 |
4,309 |
5,175 |
5,811 |
6,212 |
6,701 |
Accumulated Other Comprehensive Income / (Loss) |
|
-55 |
-122 |
-139 |
-250 |
43 |
325 |
-80 |
-3,112 |
-2,692 |
-2,380 |
Quarterly Balance Sheets for Zions Bancorporation, N.A.
This table presents Zions Bancorporation, N.A.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
88,474 |
88,573 |
87,230 |
87,269 |
87,060 |
87,606 |
87,032 |
87,992 |
Cash and Due from Banks |
|
549 |
607 |
701 |
700 |
709 |
717 |
1,114 |
833 |
Federal Funds Sold |
|
2,797 |
688 |
781 |
1,427 |
894 |
936 |
986 |
936 |
Interest Bearing Deposits at Other Banks |
|
1,291 |
2,727 |
1,531 |
1,704 |
1,688 |
2,276 |
1,253 |
1,980 |
Trading Account Securities |
|
23,784 |
22,572 |
21,653 |
20,779 |
20,211 |
19,684 |
19,420 |
18,768 |
Loans and Leases, Net of Allowance |
|
53,377 |
55,713 |
56,266 |
56,212 |
57,410 |
57,719 |
58,190 |
59,244 |
Loans and Leases |
|
53,918 |
56,331 |
56,917 |
56,893 |
58,109 |
58,415 |
58,884 |
59,941 |
Allowance for Loan and Lease Losses |
|
541 |
618 |
651 |
681 |
699 |
696 |
694 |
697 |
Loans Held for Sale |
|
- |
- |
- |
- |
- |
- |
97 |
112 |
Premises and Equipment, Net |
|
1,388 |
1,411 |
1,414 |
1,410 |
1,396 |
1,383 |
1,372 |
1,362 |
Intangible Assets |
|
1,034 |
1,063 |
1,062 |
1,060 |
1,057 |
1,055 |
1,053 |
1,104 |
Other Assets |
|
3,831 |
3,792 |
3,822 |
3,977 |
3,695 |
3,836 |
3,547 |
3,653 |
Total Liabilities & Shareholders' Equity |
|
88,474 |
88,573 |
87,230 |
87,269 |
87,060 |
87,606 |
87,032 |
87,992 |
Total Liabilities |
|
83,778 |
83,389 |
81,947 |
81,954 |
81,231 |
81,581 |
80,647 |
81,665 |
Non-Interest Bearing Deposits |
|
39,133 |
69,208 |
74,323 |
75,399 |
74,237 |
73,770 |
24,973 |
24,792 |
Interest Bearing Deposits |
|
36,862 |
- |
- |
- |
- |
- |
50,745 |
50,900 |
Federal Funds Purchased and Securities Sold |
|
5,363 |
12,124 |
5,513 |
4,346 |
4,895 |
5,651 |
2,919 |
3,476 |
Long-Term Debt |
|
647 |
663 |
538 |
540 |
544 |
546 |
548 |
964 |
Other Long-Term Liabilities |
|
1,773 |
1,394 |
1,513 |
1,669 |
1,555 |
1,614 |
1,462 |
1,533 |
Total Equity & Noncontrolling Interests |
|
4,696 |
5,184 |
5,283 |
5,315 |
5,829 |
6,025 |
6,385 |
6,327 |
Total Preferred & Common Equity |
|
4,696 |
5,184 |
5,283 |
5,315 |
5,829 |
6,025 |
6,385 |
6,327 |
Preferred Stock |
|
440 |
440 |
440 |
440 |
440 |
440 |
440 |
66 |
Total Common Equity |
|
4,256 |
4,744 |
4,843 |
4,875 |
5,389 |
5,585 |
5,945 |
6,261 |
Common Stock |
|
1,799 |
1,715 |
1,722 |
1,726 |
1,705 |
1,713 |
1,717 |
1,706 |
Retained Earnings |
|
5,597 |
5,949 |
6,051 |
6,157 |
6,293 |
6,421 |
6,564 |
6,805 |
Accumulated Other Comprehensive Income / (Loss) |
|
-3,140 |
-2,920 |
-2,930 |
-3,008 |
-2,609 |
-2,549 |
-2,336 |
-2,250 |
Annual Metrics And Ratios for Zions Bancorporation, N.A.
This table displays calculated financial ratios and metrics derived from Zions Bancorporation, N.A.'s official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-4.64% |
15.01% |
9.48% |
6.63% |
1.87% |
-1.55% |
4.34% |
8.28% |
-1.17% |
0.48% |
EBITDA Growth |
|
-20.93% |
54.19% |
34.66% |
19.73% |
-6.89% |
-39.02% |
86.54% |
-9.26% |
-21.28% |
12.48% |
EBIT Growth |
|
-27.42% |
56.32% |
32.77% |
22.01% |
-7.62% |
-36.30% |
112.50% |
-17.86% |
-25.83% |
16.32% |
NOPAT Growth |
|
-22.45% |
51.78% |
26.23% |
49.32% |
-7.69% |
-33.95% |
109.46% |
-19.66% |
-25.03% |
15.29% |
Net Income Growth |
|
-22.45% |
51.78% |
26.23% |
49.32% |
-7.69% |
-33.95% |
109.46% |
-19.66% |
-25.03% |
15.29% |
EPS Growth |
|
-28.57% |
65.83% |
30.65% |
56.92% |
1.96% |
-27.40% |
124.83% |
-14.73% |
-24.87% |
13.79% |
Operating Cash Flow Growth |
|
22.00% |
28.45% |
55.70% |
26.72% |
-40.73% |
3.16% |
-12.52% |
133.70% |
-39.80% |
29.72% |
Free Cash Flow Firm Growth |
|
-33.18% |
37.47% |
12.76% |
-7.87% |
-93.48% |
835.71% |
377.35% |
104.58% |
-100.23% |
-533.33% |
Invested Capital Growth |
|
-1.68% |
-1.81% |
-1.31% |
2.98% |
9.32% |
1.61% |
-8.10% |
-34.58% |
12.43% |
13.49% |
Revenue Q/Q Growth |
|
1.13% |
1.75% |
2.31% |
1.76% |
-0.11% |
0.50% |
0.59% |
4.30% |
-4.36% |
2.93% |
EBITDA Q/Q Growth |
|
7.43% |
16.78% |
6.39% |
2.46% |
-4.53% |
14.85% |
-7.88% |
13.44% |
-19.52% |
13.26% |
EBIT Q/Q Growth |
|
4.88% |
9.38% |
6.12% |
2.51% |
-4.70% |
24.44% |
-7.63% |
12.36% |
-22.04% |
15.53% |
NOPAT Q/Q Growth |
|
7.00% |
8.06% |
-1.99% |
12.90% |
-5.01% |
23.06% |
-5.92% |
8.49% |
-18.85% |
12.97% |
Net Income Q/Q Growth |
|
7.00% |
8.06% |
-1.99% |
12.90% |
-5.01% |
23.06% |
-5.92% |
8.49% |
-18.85% |
12.97% |
EPS Q/Q Growth |
|
11.11% |
9.34% |
-2.26% |
14.61% |
-2.35% |
28.51% |
-3.82% |
8.83% |
-19.44% |
12.76% |
Operating Cash Flow Q/Q Growth |
|
11.87% |
20.98% |
-5.69% |
23.79% |
0.00% |
-20.02% |
-0.79% |
28.72% |
-45.50% |
197.41% |
Free Cash Flow Firm Q/Q Growth |
|
218.03% |
-19.20% |
-1.51% |
30.10% |
-92.22% |
125.86% |
32.02% |
-10.47% |
-102.76% |
85.16% |
Invested Capital Q/Q Growth |
|
-3.06% |
-0.98% |
-1.01% |
-1.54% |
3.71% |
2.30% |
-3.63% |
3.76% |
6.46% |
2.03% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
25.92% |
34.75% |
42.74% |
47.99% |
43.86% |
27.17% |
48.57% |
40.70% |
32.42% |
36.29% |
EBIT Margin |
|
21.77% |
29.58% |
35.88% |
41.05% |
37.23% |
24.09% |
49.06% |
37.21% |
27.93% |
32.33% |
Profit (Net Income) Margin |
|
14.91% |
19.68% |
22.69% |
31.78% |
28.79% |
19.32% |
38.78% |
28.78% |
21.83% |
25.05% |
Tax Burden Percent |
|
68.51% |
66.52% |
63.25% |
77.34% |
77.49% |
80.21% |
78.08% |
78.73% |
76.75% |
77.47% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.09% |
99.81% |
100.00% |
101.26% |
98.21% |
101.84% |
100.00% |
Effective Tax Rate |
|
31.49% |
33.48% |
36.75% |
22.66% |
22.51% |
19.79% |
21.92% |
21.27% |
23.25% |
22.53% |
Return on Invested Capital (ROIC) |
|
3.68% |
5.69% |
7.29% |
10.80% |
9.39% |
5.89% |
12.76% |
12.94% |
11.55% |
11.78% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.68% |
5.69% |
7.29% |
10.80% |
9.39% |
5.89% |
12.76% |
12.94% |
11.55% |
11.78% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.47% |
0.51% |
0.44% |
0.78% |
1.54% |
1.18% |
1.95% |
1.74% |
1.30% |
1.49% |
Return on Equity (ROE) |
|
4.15% |
6.19% |
7.73% |
11.59% |
10.93% |
7.07% |
14.71% |
14.68% |
12.85% |
13.27% |
Cash Return on Invested Capital (CROIC) |
|
5.37% |
7.52% |
8.61% |
7.87% |
0.48% |
4.30% |
21.20% |
54.75% |
-0.15% |
-0.86% |
Operating Return on Assets (OROA) |
|
0.77% |
1.15% |
1.45% |
1.69% |
1.53% |
0.89% |
1.64% |
1.28% |
0.98% |
1.15% |
Return on Assets (ROA) |
|
0.53% |
0.76% |
0.91% |
1.31% |
1.18% |
0.72% |
1.29% |
0.99% |
0.77% |
0.89% |
Return on Common Equity (ROCE) |
|
3.64% |
5.57% |
7.09% |
10.73% |
10.10% |
6.55% |
13.75% |
13.64% |
11.78% |
12.70% |
Return on Equity Simple (ROE_SIMPLE) |
|
4.12% |
6.14% |
7.71% |
11.67% |
11.10% |
6.83% |
15.13% |
18.54% |
11.95% |
12.80% |
Net Operating Profit after Tax (NOPAT) |
|
309 |
469 |
592 |
884 |
816 |
539 |
1,129 |
907 |
680 |
784 |
NOPAT Margin |
|
14.91% |
19.68% |
22.69% |
31.78% |
28.79% |
19.32% |
38.78% |
28.78% |
21.83% |
25.05% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
59.89% |
52.45% |
49.33% |
48.67% |
50.39% |
53.44% |
52.28% |
51.87% |
55.25% |
56.01% |
Operating Expenses to Revenue |
|
76.30% |
66.51% |
63.47% |
60.35% |
61.47% |
61.08% |
59.81% |
59.58% |
67.32% |
65.37% |
Earnings before Interest and Taxes (EBIT) |
|
451 |
705 |
936 |
1,142 |
1,055 |
672 |
1,428 |
1,173 |
870 |
1,012 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
537 |
828 |
1,115 |
1,335 |
1,243 |
758 |
1,414 |
1,283 |
1,010 |
1,136 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.65 |
1.00 |
1.13 |
0.91 |
1.09 |
0.84 |
1.25 |
1.51 |
1.18 |
1.31 |
Price to Tangible Book Value (P/TBV) |
|
0.77 |
1.17 |
1.13 |
1.06 |
1.28 |
0.98 |
1.46 |
1.98 |
1.48 |
1.59 |
Price to Revenue (P/Rev) |
|
2.10 |
2.90 |
3.09 |
2.28 |
2.60 |
2.21 |
3.01 |
2.13 |
2.00 |
2.54 |
Price to Earnings (P/E) |
|
17.60 |
16.79 |
14.68 |
7.47 |
9.43 |
12.20 |
7.97 |
7.64 |
9.60 |
10.79 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.91% |
2.96% |
3.62% |
2.57% |
3.53% |
3.91% |
3.08% |
Earnings Yield |
|
5.68% |
5.95% |
6.81% |
13.39% |
10.60% |
8.19% |
12.55% |
13.10% |
10.42% |
9.27% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.66 |
0.89 |
0.60 |
0.85 |
0.07 |
0.00 |
0.61 |
0.65 |
0.57 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
2.28 |
2.75 |
1.78 |
2.73 |
0.24 |
0.00 |
1.07 |
1.30 |
1.28 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
6.56 |
6.44 |
3.70 |
6.22 |
0.90 |
0.00 |
2.63 |
4.02 |
3.53 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
7.70 |
7.67 |
4.33 |
7.33 |
1.02 |
0.00 |
2.88 |
4.67 |
3.97 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
11.58 |
12.12 |
5.59 |
9.48 |
1.27 |
0.00 |
3.72 |
5.97 |
5.12 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
9.11 |
7.73 |
4.21 |
11.10 |
0.95 |
0.00 |
2.29 |
4.59 |
3.50 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
8.76 |
10.27 |
7.68 |
184.15 |
1.74 |
0.00 |
0.88 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.11 |
0.07 |
0.05 |
0.10 |
0.23 |
0.17 |
0.14 |
0.13 |
0.10 |
0.16 |
Long-Term Debt to Equity |
|
0.11 |
0.07 |
0.05 |
0.10 |
0.23 |
0.17 |
0.14 |
0.13 |
0.10 |
0.16 |
Financial Leverage |
|
0.13 |
0.09 |
0.06 |
0.07 |
0.16 |
0.20 |
0.15 |
0.13 |
0.11 |
0.13 |
Leverage Ratio |
|
7.86 |
8.12 |
8.46 |
8.85 |
9.24 |
9.89 |
11.38 |
14.79 |
16.70 |
14.89 |
Compound Leverage Factor |
|
7.86 |
8.12 |
8.46 |
8.86 |
9.22 |
9.89 |
11.52 |
14.53 |
17.01 |
14.89 |
Debt to Total Capital |
|
9.76% |
6.55% |
4.75% |
8.72% |
18.98% |
14.49% |
11.94% |
11.74% |
8.70% |
13.43% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
9.76% |
6.55% |
4.75% |
8.72% |
18.98% |
14.49% |
11.94% |
11.74% |
8.70% |
13.43% |
Preferred Equity to Total Capital |
|
9.96% |
8.69% |
7.02% |
6.82% |
6.24% |
6.14% |
5.19% |
7.94% |
7.06% |
0.93% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
80.28% |
84.76% |
88.23% |
84.46% |
74.78% |
79.38% |
82.87% |
80.32% |
84.25% |
85.64% |
Debt to EBITDA |
|
1.51 |
0.65 |
0.34 |
0.54 |
1.39 |
1.76 |
0.72 |
0.51 |
0.54 |
0.84 |
Net Debt to EBITDA |
|
-12.50 |
-2.63 |
-1.31 |
-1.48 |
-0.17 |
-7.98 |
-8.49 |
-2.94 |
-2.57 |
-3.52 |
Long-Term Debt to EBITDA |
|
1.51 |
0.65 |
0.34 |
0.54 |
1.39 |
1.76 |
0.72 |
0.51 |
0.54 |
0.84 |
Debt to NOPAT |
|
2.63 |
1.14 |
0.65 |
0.82 |
2.11 |
2.48 |
0.90 |
0.72 |
0.80 |
1.21 |
Net Debt to NOPAT |
|
-21.73 |
-4.65 |
-2.47 |
-2.23 |
-0.26 |
-11.22 |
-10.63 |
-4.16 |
-3.82 |
-5.11 |
Long-Term Debt to NOPAT |
|
2.63 |
1.14 |
0.65 |
0.82 |
2.11 |
2.48 |
0.90 |
0.72 |
0.80 |
1.21 |
Noncontrolling Interest Sharing Ratio |
|
12.32% |
10.16% |
8.33% |
7.42% |
7.58% |
7.43% |
6.55% |
7.12% |
8.31% |
4.28% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
451 |
620 |
699 |
644 |
42 |
393 |
1,876 |
3,838 |
-9.00 |
-57 |
Operating Cash Flow to CapEx |
|
295.54% |
304.08% |
549.11% |
911.63% |
595.73% |
420.47% |
305.34% |
773.68% |
783.19% |
1,183.51% |
Free Cash Flow to Firm to Interest Expense |
|
3.82 |
7.13 |
5.50 |
2.57 |
0.10 |
2.59 |
31.80 |
20.75 |
-0.01 |
-0.03 |
Operating Cash Flow to Interest Expense |
|
3.93 |
6.85 |
7.31 |
4.69 |
1.70 |
4.73 |
10.66 |
7.95 |
0.59 |
0.62 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.60 |
4.60 |
5.98 |
4.17 |
1.41 |
3.61 |
7.17 |
6.92 |
0.51 |
0.56 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.39 |
2.48 |
2.47 |
2.51 |
2.50 |
2.37 |
2.30 |
2.31 |
2.22 |
2.26 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
8,320 |
8,169 |
8,062 |
8,302 |
9,076 |
9,222 |
8,475 |
5,544 |
6,233 |
7,074 |
Invested Capital Turnover |
|
0.25 |
0.29 |
0.32 |
0.34 |
0.33 |
0.31 |
0.33 |
0.45 |
0.53 |
0.47 |
Increase / (Decrease) in Invested Capital |
|
-142 |
-151 |
-107 |
240 |
774 |
146 |
-747 |
-2,931 |
689 |
841 |
Enterprise Value (EV) |
|
-1,539 |
5,431 |
7,178 |
4,945 |
7,734 |
683 |
-2,792 |
3,373 |
4,062 |
4,013 |
Market Capitalization |
|
4,346 |
6,902 |
8,073 |
6,349 |
7,377 |
6,163 |
8,767 |
6,705 |
6,221 |
7,951 |
Book Value per Share |
|
$32.69 |
$33.99 |
$35.61 |
$36.49 |
$39.81 |
$44.63 |
$44.89 |
$29.76 |
$35.44 |
$41.01 |
Tangible Book Value per Share |
|
$27.65 |
$29.01 |
$35.61 |
$31.20 |
$33.87 |
$38.44 |
$38.40 |
$22.64 |
$28.30 |
$33.89 |
Total Capital |
|
8,320 |
8,169 |
8,062 |
8,302 |
9,076 |
9,222 |
8,475 |
5,544 |
6,233 |
7,074 |
Total Debt |
|
812 |
535 |
383 |
724 |
1,723 |
1,336 |
1,012 |
651 |
542 |
950 |
Total Long-Term Debt |
|
812 |
535 |
383 |
724 |
1,723 |
1,336 |
1,012 |
651 |
542 |
950 |
Net Debt |
|
-6,714 |
-2,181 |
-1,461 |
-1,970 |
-209 |
-6,046 |
-11,999 |
-3,772 |
-2,599 |
-4,004 |
Capital Expenditures (CapEx) |
|
157 |
196 |
169 |
129 |
117 |
171 |
206 |
190 |
113 |
97 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
812 |
535 |
383 |
724 |
1,723 |
1,336 |
1,012 |
651 |
542 |
950 |
Total Depreciation and Amortization (D&A) |
|
86 |
123 |
179 |
193 |
188 |
86 |
-14 |
110 |
140 |
124 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.20 |
$2.00 |
$2.71 |
$4.36 |
$4.41 |
$3.06 |
$6.80 |
$5.80 |
$4.35 |
$4.95 |
Adjusted Weighted Average Basic Shares Outstanding |
|
203.27M |
203.86M |
200.78M |
193.59M |
175.98M |
163.74M |
159.91M |
150.06M |
147.75M |
147.21M |
Adjusted Diluted Earnings per Share |
|
$1.20 |
$1.99 |
$2.60 |
$4.08 |
$4.16 |
$3.02 |
$6.79 |
$5.79 |
$4.35 |
$4.95 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
203.70M |
204.27M |
209.65M |
206.50M |
186.50M |
165.61M |
160.23M |
150.27M |
147.76M |
147.22M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$4.41 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
204.51M |
202.42M |
196.51M |
186.16M |
164.92M |
164.21M |
151.57M |
148.65M |
148.16M |
147.89M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
310 |
469 |
592 |
884 |
816 |
539 |
1,129 |
907 |
680 |
784 |
Normalized NOPAT Margin |
|
14.95% |
19.68% |
22.69% |
31.78% |
28.79% |
19.32% |
38.78% |
28.78% |
21.83% |
25.05% |
Pre Tax Income Margin |
|
21.77% |
29.58% |
35.88% |
41.09% |
37.16% |
24.09% |
49.67% |
36.55% |
28.44% |
32.33% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.82 |
8.10 |
7.37 |
4.55 |
2.57 |
4.42 |
24.20 |
6.34 |
0.58 |
0.54 |
NOPAT to Interest Expense |
|
2.62 |
5.39 |
4.66 |
3.52 |
1.99 |
3.55 |
19.14 |
4.90 |
0.45 |
0.42 |
EBIT Less CapEx to Interest Expense |
|
2.49 |
5.85 |
6.04 |
4.04 |
2.28 |
3.30 |
20.71 |
5.31 |
0.50 |
0.49 |
NOPAT Less CapEx to Interest Expense |
|
1.29 |
3.14 |
3.33 |
3.01 |
1.70 |
2.42 |
15.64 |
3.88 |
0.38 |
0.37 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
34.95% |
23.03% |
21.79% |
26.70% |
31.86% |
48.05% |
23.12% |
29.66% |
41.47% |
36.86% |
Augmented Payout Ratio |
|
37.22% |
43.71% |
76.01% |
102.71% |
166.91% |
62.15% |
93.98% |
51.93% |
48.97% |
41.45% |
Quarterly Metrics And Ratios for Zions Bancorporation, N.A.
This table displays calculated financial ratios and metrics derived from Zions Bancorporation, N.A.'s official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
19.31% |
17.50% |
22.30% |
1.96% |
-7.61% |
-16.27% |
-11.56% |
-0.51% |
3.53% |
12.18% |
7.14% |
EBITDA Growth |
|
4.00% |
58.69% |
16.06% |
-8.39% |
-15.38% |
-59.61% |
-26.10% |
11.83% |
17.05% |
80.12% |
18.06% |
EBIT Growth |
|
-10.61% |
51.39% |
10.59% |
-13.08% |
-17.99% |
-64.74% |
-28.01% |
15.93% |
21.49% |
101.49% |
23.08% |
NOPAT Growth |
|
-9.58% |
33.33% |
0.49% |
-13.79% |
-19.35% |
-55.63% |
-25.00% |
14.86% |
22.29% |
71.43% |
11.11% |
Net Income Growth |
|
-9.58% |
33.33% |
0.49% |
-13.79% |
-19.35% |
-55.63% |
-25.00% |
14.86% |
22.29% |
71.43% |
11.11% |
EPS Growth |
|
-3.45% |
34.56% |
4.72% |
-13.95% |
-19.29% |
-57.38% |
-27.82% |
15.32% |
21.24% |
71.79% |
17.71% |
Operating Cash Flow Growth |
|
-4.44% |
197.59% |
-23.26% |
15.89% |
80.81% |
-149.60% |
18.10% |
-58.03% |
-61.74% |
311.02% |
-31.42% |
Free Cash Flow Firm Growth |
|
695.66% |
234.90% |
-45.35% |
-79.73% |
-109.19% |
-117.51% |
-127.84% |
-183.56% |
-156.38% |
-11.01% |
-100.54% |
Invested Capital Growth |
|
-39.24% |
-34.58% |
-16.27% |
-7.65% |
9.58% |
12.43% |
9.00% |
12.88% |
18.41% |
13.49% |
14.40% |
Revenue Q/Q Growth |
|
8.24% |
5.43% |
-3.89% |
-7.03% |
-1.92% |
-4.44% |
1.50% |
4.58% |
2.06% |
3.54% |
-3.05% |
EBITDA Q/Q Growth |
|
9.09% |
31.73% |
-22.63% |
-17.61% |
0.76% |
-37.12% |
41.57% |
24.68% |
5.46% |
-3.24% |
-10.37% |
EBIT Q/Q Growth |
|
6.92% |
36.69% |
-25.79% |
-19.86% |
0.89% |
-41.23% |
51.49% |
29.06% |
5.73% |
-2.53% |
-11.11% |
NOPAT Q/Q Growth |
|
6.90% |
30.88% |
-28.17% |
-14.22% |
0.00% |
-28.00% |
21.43% |
31.37% |
6.47% |
0.93% |
-21.30% |
Net Income Q/Q Growth |
|
6.90% |
30.88% |
-28.17% |
-14.22% |
0.00% |
-28.00% |
21.43% |
31.37% |
6.47% |
0.93% |
-21.30% |
EPS Q/Q Growth |
|
8.53% |
30.71% |
-27.32% |
-16.54% |
1.80% |
-30.97% |
23.08% |
33.33% |
7.03% |
-2.19% |
-15.67% |
Operating Cash Flow Q/Q Growth |
|
-66.67% |
187.21% |
-55.26% |
170.59% |
-47.99% |
-178.78% |
206.53% |
-3.83% |
-52.59% |
334.45% |
-65.38% |
Free Cash Flow Firm Q/Q Growth |
|
13.17% |
-12.35% |
-58.32% |
-50.97% |
-151.29% |
-67.06% |
33.75% |
-47.19% |
-57.38% |
27.66% |
-19.68% |
Invested Capital Q/Q Growth |
|
-15.23% |
3.76% |
5.47% |
-0.44% |
0.58% |
6.46% |
2.25% |
3.11% |
5.51% |
2.03% |
3.07% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
37.68% |
47.08% |
37.90% |
33.59% |
34.51% |
22.71% |
31.67% |
37.76% |
39.02% |
36.46% |
33.71% |
EBIT Margin |
|
33.57% |
43.53% |
33.61% |
28.97% |
29.80% |
18.33% |
27.36% |
33.76% |
34.97% |
32.93% |
30.19% |
Profit (Net Income) Margin |
|
26.21% |
32.53% |
24.31% |
22.44% |
22.88% |
17.24% |
20.62% |
25.90% |
27.02% |
26.34% |
21.38% |
Tax Burden Percent |
|
78.06% |
79.11% |
72.34% |
77.43% |
76.75% |
84.00% |
75.37% |
76.72% |
77.26% |
80.00% |
71.13% |
Interest Burden Percent |
|
100.00% |
94.47% |
100.00% |
100.00% |
100.00% |
111.94% |
100.00% |
100.00% |
100.00% |
100.00% |
99.58% |
Effective Tax Rate |
|
21.94% |
20.89% |
27.66% |
22.57% |
23.25% |
16.00% |
24.63% |
23.28% |
22.74% |
20.00% |
28.87% |
Return on Invested Capital (ROIC) |
|
11.20% |
14.63% |
12.53% |
12.29% |
13.31% |
9.12% |
10.19% |
12.60% |
12.85% |
12.39% |
9.96% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
11.20% |
14.63% |
12.53% |
12.29% |
13.31% |
9.12% |
10.19% |
12.60% |
12.85% |
12.39% |
9.96% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.29% |
1.97% |
1.48% |
1.36% |
1.58% |
1.03% |
1.12% |
1.21% |
1.20% |
1.56% |
1.24% |
Return on Equity (ROE) |
|
15.49% |
16.60% |
14.00% |
13.65% |
14.88% |
10.15% |
11.30% |
13.81% |
14.05% |
13.96% |
11.20% |
Cash Return on Invested Capital (CROIC) |
|
60.65% |
54.75% |
31.86% |
22.47% |
5.82% |
-0.15% |
1.69% |
-1.53% |
-6.01% |
-0.86% |
-1.71% |
Operating Return on Assets (OROA) |
|
1.15% |
1.50% |
1.24% |
1.10% |
1.10% |
0.65% |
0.94% |
1.16% |
1.22% |
1.17% |
1.10% |
Return on Assets (ROA) |
|
0.90% |
1.12% |
0.89% |
0.85% |
0.85% |
0.61% |
0.71% |
0.89% |
0.94% |
0.94% |
0.78% |
Return on Common Equity (ROCE) |
|
14.16% |
15.42% |
12.93% |
12.55% |
13.58% |
9.30% |
10.40% |
12.73% |
12.99% |
13.36% |
10.73% |
Return on Equity Simple (ROE_SIMPLE) |
|
17.80% |
0.00% |
17.52% |
16.66% |
15.77% |
0.00% |
10.79% |
10.87% |
10.87% |
0.00% |
12.66% |
Net Operating Profit after Tax (NOPAT) |
|
217 |
284 |
204 |
175 |
175 |
126 |
153 |
201 |
214 |
216 |
170 |
NOPAT Margin |
|
26.21% |
32.53% |
24.31% |
22.44% |
22.88% |
17.24% |
20.62% |
25.90% |
27.02% |
26.34% |
21.38% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
50.00% |
46.51% |
53.16% |
55.77% |
55.56% |
56.77% |
59.57% |
56.31% |
54.92% |
53.54% |
58.36% |
Operating Expenses to Revenue |
|
57.85% |
53.95% |
61.03% |
65.13% |
64.84% |
79.48% |
70.89% |
65.59% |
63.38% |
62.07% |
67.67% |
Earnings before Interest and Taxes (EBIT) |
|
278 |
380 |
282 |
226 |
228 |
134 |
203 |
262 |
277 |
270 |
240 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
312 |
411 |
318 |
262 |
264 |
166 |
235 |
293 |
309 |
299 |
268 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.63 |
1.51 |
0.86 |
0.77 |
1.00 |
1.18 |
1.15 |
1.12 |
1.16 |
1.31 |
1.18 |
Price to Tangible Book Value (P/TBV) |
|
2.15 |
1.98 |
1.11 |
0.98 |
1.28 |
1.48 |
1.44 |
1.38 |
1.40 |
1.59 |
1.43 |
Price to Revenue (P/Rev) |
|
2.29 |
2.13 |
1.24 |
1.12 |
1.50 |
2.00 |
2.06 |
2.07 |
2.26 |
2.54 |
2.32 |
Price to Earnings (P/E) |
|
8.56 |
7.64 |
4.64 |
4.36 |
6.04 |
9.60 |
10.49 |
10.13 |
10.52 |
10.79 |
9.66 |
Dividend Yield |
|
3.37% |
3.53% |
5.86% |
6.53% |
4.97% |
3.91% |
3.91% |
3.87% |
3.53% |
3.08% |
3.37% |
Earnings Yield |
|
11.68% |
13.10% |
21.55% |
22.91% |
16.55% |
10.42% |
9.54% |
9.87% |
9.50% |
9.27% |
10.35% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.63 |
0.61 |
0.20 |
0.29 |
0.35 |
0.65 |
0.61 |
0.50 |
0.65 |
0.57 |
0.64 |
Enterprise Value to Revenue (EV/Rev) |
|
1.12 |
1.07 |
0.35 |
0.51 |
0.63 |
1.30 |
1.30 |
1.10 |
1.48 |
1.28 |
1.46 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
2.98 |
2.63 |
0.88 |
1.29 |
1.62 |
4.02 |
4.22 |
3.45 |
4.49 |
3.53 |
3.95 |
Enterprise Value to EBIT (EV/EBIT) |
|
3.23 |
2.88 |
0.97 |
1.44 |
1.83 |
4.67 |
4.95 |
4.00 |
5.14 |
3.97 |
4.40 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
4.03 |
3.72 |
1.29 |
1.91 |
2.43 |
5.97 |
6.22 |
5.05 |
6.49 |
5.12 |
5.81 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
2.95 |
2.29 |
0.83 |
1.13 |
1.25 |
4.59 |
4.23 |
5.72 |
11.67 |
3.50 |
4.37 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.79 |
0.88 |
0.57 |
1.24 |
6.25 |
0.00 |
37.98 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.14 |
0.13 |
0.13 |
0.10 |
0.10 |
0.10 |
0.09 |
0.09 |
0.09 |
0.16 |
0.15 |
Long-Term Debt to Equity |
|
0.14 |
0.13 |
0.13 |
0.10 |
0.10 |
0.10 |
0.09 |
0.09 |
0.09 |
0.16 |
0.15 |
Financial Leverage |
|
0.38 |
0.13 |
0.12 |
0.11 |
0.12 |
0.11 |
0.11 |
0.10 |
0.09 |
0.13 |
0.12 |
Leverage Ratio |
|
17.29 |
14.79 |
15.66 |
16.03 |
17.56 |
16.70 |
15.95 |
15.46 |
14.90 |
14.89 |
14.40 |
Compound Leverage Factor |
|
17.29 |
13.97 |
15.66 |
16.03 |
17.56 |
18.69 |
15.95 |
15.46 |
14.90 |
14.89 |
14.34 |
Debt to Total Capital |
|
12.11% |
11.74% |
11.34% |
9.24% |
9.22% |
8.70% |
8.54% |
8.31% |
7.90% |
13.43% |
13.22% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
12.11% |
11.74% |
11.34% |
9.24% |
9.22% |
8.70% |
8.54% |
8.31% |
7.90% |
13.43% |
13.22% |
Preferred Equity to Total Capital |
|
8.24% |
7.94% |
7.53% |
7.56% |
7.51% |
7.06% |
6.90% |
6.70% |
6.35% |
0.93% |
0.91% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
79.66% |
80.32% |
81.14% |
83.20% |
83.26% |
84.25% |
84.56% |
84.99% |
85.75% |
85.64% |
85.87% |
Debt to EBITDA |
|
0.57 |
0.51 |
0.50 |
0.41 |
0.43 |
0.54 |
0.59 |
0.57 |
0.55 |
0.84 |
0.82 |
Net Debt to EBITDA |
|
-3.53 |
-2.94 |
-2.53 |
-1.90 |
-2.62 |
-2.57 |
-2.96 |
-3.53 |
-2.80 |
-3.52 |
-2.37 |
Long-Term Debt to EBITDA |
|
0.57 |
0.51 |
0.50 |
0.41 |
0.43 |
0.54 |
0.59 |
0.57 |
0.55 |
0.84 |
0.82 |
Debt to NOPAT |
|
0.77 |
0.72 |
0.73 |
0.61 |
0.64 |
0.80 |
0.86 |
0.83 |
0.79 |
1.21 |
1.20 |
Net Debt to NOPAT |
|
-4.77 |
-4.16 |
-3.70 |
-2.81 |
-3.93 |
-3.82 |
-4.37 |
-5.16 |
-4.04 |
-5.11 |
-3.48 |
Long-Term Debt to NOPAT |
|
0.77 |
0.72 |
0.73 |
0.61 |
0.64 |
0.80 |
0.86 |
0.83 |
0.79 |
1.21 |
1.20 |
Noncontrolling Interest Sharing Ratio |
|
8.61% |
7.12% |
7.67% |
8.06% |
8.79% |
8.31% |
7.99% |
7.78% |
7.52% |
4.28% |
4.16% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
3,668 |
3,215 |
1,340 |
657 |
-337 |
-563 |
-373 |
-549 |
-864 |
-625 |
-748 |
Operating Cash Flow to CapEx |
|
330.77% |
1,372.22% |
712.90% |
2,718.18% |
1,003.23% |
-844.83% |
870.00% |
1,476.47% |
540.91% |
1,846.43% |
662.96% |
Free Cash Flow to Firm to Interest Expense |
|
83.36 |
27.96 |
5.56 |
1.70 |
-0.79 |
-1.23 |
-0.80 |
-1.15 |
-1.79 |
-1.44 |
-1.85 |
Operating Cash Flow to Interest Expense |
|
3.91 |
4.30 |
0.92 |
1.55 |
0.73 |
-0.54 |
0.56 |
0.53 |
0.25 |
1.19 |
0.44 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.73 |
3.98 |
0.79 |
1.49 |
0.66 |
-0.60 |
0.49 |
0.49 |
0.20 |
1.12 |
0.38 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.26 |
2.31 |
2.40 |
2.38 |
2.33 |
2.22 |
2.15 |
2.16 |
2.19 |
2.26 |
2.31 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
5,343 |
5,544 |
5,847 |
5,821 |
5,855 |
6,233 |
6,373 |
6,571 |
6,933 |
7,074 |
7,291 |
Invested Capital Turnover |
|
0.43 |
0.45 |
0.52 |
0.55 |
0.58 |
0.53 |
0.49 |
0.49 |
0.48 |
0.47 |
0.47 |
Increase / (Decrease) in Invested Capital |
|
-3,451 |
-2,931 |
-1,136 |
-482 |
512 |
689 |
526 |
750 |
1,078 |
841 |
918 |
Enterprise Value (EV) |
|
3,370 |
3,373 |
1,168 |
1,684 |
2,037 |
4,062 |
3,912 |
3,309 |
4,506 |
4,013 |
4,655 |
Market Capitalization |
|
6,920 |
6,705 |
4,087 |
3,719 |
4,888 |
6,221 |
6,219 |
6,252 |
6,871 |
7,951 |
7,374 |
Book Value per Share |
|
$28.28 |
$29.76 |
$31.91 |
$32.70 |
$32.91 |
$35.44 |
$36.58 |
$37.82 |
$40.25 |
$41.01 |
$42.34 |
Tangible Book Value per Share |
|
$21.41 |
$22.64 |
$24.76 |
$25.53 |
$25.75 |
$28.30 |
$29.40 |
$30.68 |
$33.12 |
$33.89 |
$34.87 |
Total Capital |
|
5,343 |
5,544 |
5,847 |
5,821 |
5,855 |
6,233 |
6,373 |
6,571 |
6,933 |
7,074 |
7,291 |
Total Debt |
|
647 |
651 |
663 |
538 |
540 |
542 |
544 |
546 |
548 |
950 |
964 |
Total Long-Term Debt |
|
647 |
651 |
663 |
538 |
540 |
542 |
544 |
546 |
548 |
950 |
964 |
Net Debt |
|
-3,990 |
-3,772 |
-3,359 |
-2,475 |
-3,291 |
-2,599 |
-2,747 |
-3,383 |
-2,805 |
-4,004 |
-2,785 |
Capital Expenditures (CapEx) |
|
52 |
36 |
31 |
22 |
31 |
29 |
30 |
17 |
22 |
28 |
27 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
647 |
651 |
663 |
538 |
540 |
542 |
544 |
546 |
548 |
950 |
964 |
Total Depreciation and Amortization (D&A) |
|
34 |
31 |
36 |
36 |
36 |
32 |
32 |
31 |
32 |
29 |
28 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.40 |
$1.84 |
$1.33 |
$1.11 |
$1.13 |
$0.78 |
$0.96 |
$1.28 |
$1.37 |
$1.34 |
$1.13 |
Adjusted Weighted Average Basic Shares Outstanding |
|
149.63M |
150.06M |
148.02M |
147.69M |
147.65M |
147.75M |
147.34M |
147.12M |
147.14M |
147.21M |
147.32M |
Adjusted Diluted Earnings per Share |
|
$1.40 |
$1.83 |
$1.33 |
$1.11 |
$1.13 |
$0.78 |
$0.96 |
$1.28 |
$1.37 |
$1.34 |
$1.13 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
149.79M |
150.27M |
148.04M |
147.70M |
147.65M |
147.76M |
147.34M |
147.12M |
147.15M |
147.22M |
147.39M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
149.62M |
148.65M |
148.10M |
148.15M |
148.15M |
148.16M |
147.65M |
147.70M |
147.71M |
147.89M |
147.57M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
217 |
284 |
204 |
175 |
175 |
126 |
153 |
201 |
214 |
216 |
170 |
Normalized NOPAT Margin |
|
26.21% |
32.53% |
24.31% |
22.44% |
22.88% |
17.24% |
20.62% |
25.90% |
27.02% |
26.34% |
21.38% |
Pre Tax Income Margin |
|
33.57% |
41.12% |
33.61% |
28.97% |
29.80% |
20.52% |
27.36% |
33.76% |
34.97% |
32.93% |
30.06% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
6.32 |
3.30 |
1.17 |
0.59 |
0.54 |
0.29 |
0.43 |
0.55 |
0.57 |
0.62 |
0.59 |
NOPAT to Interest Expense |
|
4.93 |
2.47 |
0.85 |
0.45 |
0.41 |
0.28 |
0.33 |
0.42 |
0.44 |
0.50 |
0.42 |
EBIT Less CapEx to Interest Expense |
|
5.14 |
2.99 |
1.04 |
0.53 |
0.46 |
0.23 |
0.37 |
0.51 |
0.53 |
0.56 |
0.53 |
NOPAT Less CapEx to Interest Expense |
|
3.75 |
2.16 |
0.72 |
0.40 |
0.34 |
0.21 |
0.26 |
0.39 |
0.40 |
0.43 |
0.35 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
31.34% |
29.66% |
29.96% |
31.48% |
33.41% |
41.47% |
45.15% |
43.82% |
41.21% |
36.86% |
35.46% |
Augmented Payout Ratio |
|
88.28% |
51.93% |
52.09% |
48.64% |
45.47% |
48.97% |
50.87% |
49.31% |
46.40% |
41.45% |
40.70% |
Key Financial Trends
Over the past four years, Zions Bancorporation, N.A. (NASDAQ: ZION) has exhibited steady performance with some fluctuations influenced by market conditions and operational factors. Here’s a summary of key financial trends based on the quarterly income statements, cash flow statements, and balance sheets from Q3 2022 through Q1 2025:
- Net Interest Income has generally increased from $663 million in Q3 2022 to $624 million in Q1 2025, reflecting growth in interest-earning assets despite some quarter-over-quarter variability.
- Total Revenue showed resilience, maintaining around $742 million to $795 million in recent quarters, indicating stable core banking operations.
- Net Income attributable to common shareholders rose significantly from $166 million in Q2 2023 to $169 million in Q1 2025, with a peak of $217 million in Q3 2023 showcasing profitability potential.
- Diluted Earnings Per Share (EPS) improved from $1.11 in Q2 2023 to $1.13 in Q1 2025, supported by consistent net income levels and share count management.
- Consistent quarterly cash dividends of approximately $0.41 to $0.43 per share support shareholder returns and suggest confidence in cash flow sustainability.
- Provision for Credit Losses has generally trended downward from a high of $71 million in Q3 2022 to $17 million in Q1 2025, indicating potentially lower credit risk and improving asset quality.
- Total Assets have remained relatively stable at around $87-88 billion, indicating steady asset base management without significant expansion or contraction.
- Loans and Leases net of allowances have shown moderate growth from $53.4 billion in Q3 2022 to about $59.2 billion in Q1 2025, supporting interest income growth yet manageable credit risk.
- Total Non-Interest Expense increased modestly from $479 million in Q3 2022 to $538 million in Q1 2025, driven by higher salaries, occupancy, and insurance claims, which could pressure margins if revenue growth slows.
- The cash flow from financing activities swung from a positive $1.38 billion in Q4 2024 to a negative $1.66 billion in Q1 2025, driven primarily by deposit outflows and debt repayments, reflecting tighter liquidity management or strategic capital actions.
Summary: Zions Bancorporation has maintained stable net interest income and revenue growth over the last several quarters, supported by expanding loans and improving credit loss provisions. Earnings per share have strengthened, and the company continues to provide solid dividend payouts to shareholders. However, rising non-interest expenses and recent contractive cash flows from financing activities suggest some pressure on efficiency and liquidity that investors should monitor. Overall, the bank’s financial health remains sound with positive signals for ongoing profitability and risk management.
08/03/25 09:05 PMAI Generated. May Contain Errors.