ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/

10-K & 10-Q Filings

Zions Bancorporation, National Association is a bank headquartered in Salt Lake City, Utah, with annual net revenue of $3.1 billion and total assets of approximately $87 billion at the end of 2023. The company provides a range of banking products and services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Zions Bancorporation, N.A. operates through seven affiliate banks, each with its own local branding and management team. The company's business strategy focuses on building and sustaining long-lasting relationships with customers by providing competitive products and award-winning service. Zions Bancorporation, N.A. offers commercial and small business banking, capital markets and investment banking, commercial real estate lending, retail banking, and wealth management services. The company's website is zionsbancorporation.com, and its ticker symbol is ZION.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1698.12
1717.71
1783.46
1778.08
1675.22
1774.57
2041.00
2269.00
8600.00
1388.00
2760.00
2398.00
2306.00
2.58%-3.84%Net Interest Income (+)
$1772.53
1731.94
1696.33
3359.99
3430.52
3734.70
4130.00
2380.00
-411.00
4432.00
4416.00
5040.00
1686.00
-0.42%-66.55%Interest Expense (-)
$432.40
306.78
245.08
173.00
118.21
86.97
127.00
251.00
411.00
181.00
59.00
185.00
1509.00
10.98%715.68%Non Interest Income (+)
$-74.41
-14.23
87.14
929.22
721.56
1006.81
1532.00
-111.00
1615.00
1123.00
1278.00
1246.00
620.00
-50.24%Selling, General & Administrative (-)
$27.16
25.72
23.36
25.10
25.31
22.14
22.00
26.00
19.00
19.00
19.00
Marketing Expenses (-)
$27.16
25.72
23.36
25.10
25.31
22.14
22.00
26.00
19.00
19.00
19.00
Depreciation & Amortization (-)
$20.07
17.01
14.38
10.92
9.25
7.85
6.00
Non-recurring Operating Expenses (-)
$
Operating Expenses (-)
$1658.69
1596.02
1714.44
1665.29
1600.49
1585.27
1649.00
1678.00
1742.00
1704.00
1741.00
1878.00
2097.00
1.97%11.66%Operating Income/Loss (+)
$39.43
121.70
189.22
157.21
75.97
186.46
570.00
750.00
657.00
-316.00
1019.00
520.00
209.00
14.91%-59.81%Provision for Loan Loss (-)
$74.41
14.23
-87.14
-98.08
40.03
92.78
24.00
-39.00
37.00
385.00
-258.00
101.00
Non-operating Income/Expense (+)
$42.43
55.83
-74.13
101.18
151.71
227.62
366.00
393.00
396.00
322.00
368.00
33.00
53.00
1.87%60.61%Earnings before Tax (+)
$521.27
541.57
406.43
621.42
451.86
704.91
936.00
1143.00
1053.00
6.00
1387.00
553.00
262.00
-5.57%-52.62%Tax Expense (-)
$198.58
193.42
142.98
222.96
142.39
235.86
344.00
259.00
237.00
133.00
317.00
245.00
206.00
0.31%-15.92%Income/Loss (Continuing Operations) (+)
$322.69
348.15
263.46
398.46
309.47
469.05
592.00
884.00
816.00
-127.00
1070.00
308.00
56.00
-13.58%-81.82%Profit/Loss (+)
$322.69
348.15
263.45
398.46
309.47
469.05
592.00
884.00
816.00
Net Income/Loss (NCI) (-)
$-1.11
-1.37
-0.34
Net Income/Loss (+)
$323.80
178.63
293.98
326.57
246.61
411.31
550.00
850.00
782.00
539.00
1129.00
907.00
680.00
6.38%-25.03%Preferred & Other Distributions (-)
$170.41
170.88
95.51
71.89
62.86
47.98
40.00
34.00
34.00
34.00
29.00
29.00
32.00
-13.01%10.34%Net Income/Loss (Common) (+)
$153.39
178.63
293.98
326.57
246.61
411.31
550.00
850.00
782.00
505.00
1100.00
878.00
648.00
12.76%-26.20%EPS (Basic)
$0.83
0.97
1.58
1.68
1.20
2.00
2.71
4.36
4.41
3.06
6.80
5.80
4.35
14.80%-25.00%EPS (Diluted)
$0.83
0.97
1.58
1.68
1.20
1.99
2.60
4.08
4.16
3.02
6.79
5.79
4.35
14.80%-24.87%Weighted Avg Shares (Basic)
182.39
183.08
183.84
192.21
203.26
203.85
200.78
193.59
175.98
163.74
159.91
150.06
147.75
-1.74%-1.54%Weighted Avg Shares (Diluted)
182.60
183.24
184.30
192.79
203.70
204.27
209.65
206.50
186.50
165.61
160.23
150.27
147.76
-1.75%-1.67%Cash
$8347.40
10596.24
9632.38
9406.33
7526.20
2716.51
1844.00
2694.00
1932.00
7382.00
13011.00
4423.00
3141.00
-7.82%-28.98%Receivables
$
350.27
Securities & Long-term Investments
$40173.57
36769.16
38297.07
44021.45
48280.43
56436.64
44262.00
46219.00
48214.00
69332.00
75199.00
78584.00
77825.00
5.67%-0.97%Property, Plant & Equipment (Net)
$719.28
708.88
726.37
829.81
905.46
1019.51
1094.00
1124.00
1142.00
1209.00
1319.00
1408.00
1400.00
5.71%-0.57%Goodwill & Intangibles
$1082.96
1064.95
1050.57
1039.65
1030.40
1022.55
1016.00
Other Assets
$2825.90
6372.69
5974.46
1911.63
1927.04
2043.95
1112.00
1953.00
2358.00
3556.00
3671.00
5130.00
4837.00
4.58%-5.71%Assets (Total)
$53149.11
55511.92
56031.13
57208.87
59669.53
63239.17
66288.00
68746.00
69172.00
81479.00
93200.00
89545.00
87203.00
4.21%-2.62%Deposits
$42875.61
46133.07
46361.88
47847.24
50374.09
53235.83
52621.00
54101.00
57085.00
69653.00
82789.00
71652.00
74961.00
4.77%4.62%Debt (Current)
$70.27
5.41
Securities (Liabilities)
$652.58
347.21
340.35
244.22
346.99
827.27
4976.00
5653.00
2053.00
1572.00
903.00
10417.00
4379.00
17.19%-57.96%Debt (Non-current)
$2024.73
2342.52
2273.57
1092.28
817.35
534.85
383.00
724.00
1723.00
1336.00
1012.00
651.00
542.00
-10.40%-16.74%Other Liabilities
$542.68
635.06
590.76
655.60
623.58
1006.91
629.00
690.00
958.00
1032.00
1033.00
1932.00
1630.00
9.60%-15.63%Liabilities (Total)
$46165.88
49463.28
49566.56
49839.34
52162.01
55604.86
58609.00
61168.00
61819.00
73593.00
85737.00
84652.00
81512.00
4.85%-3.71%Retained Earnings
$1036.59
1203.82
1473.67
1769.70
1966.91
2321.57
2807.00
3456.00
4009.00
4309.00
5175.00
5811.00
6212.00
16.09%6.90%AOCI
$-592.08
-446.16
-192.10
-128.04
-54.61
-121.58
-139.00
-250.00
43.00
325.00
-80.00
-3112.00
-2692.00
13.50%Shareholder's Equity
$6983.23
6048.64
6464.56
7369.53
7507.52
7634.31
7679.00
7578.00
7353.00
7886.00
7463.00
4893.00
5691.00
-1.69%16.31%Liabilities & Equity
$53149.11
55511.92
56031.13
57208.87
59669.53
63239.17
66288.00
68746.00
69172.00
81479.00
93200.00
89545.00
87203.00
4.21%-2.62%Net Income/Loss
$322.69
348.15
263.45
398.46
309.47
469.05
592.00
884.00
816.00
539.00
1129.00
907.00
680.00
6.41%-25.03%Depreciation & Amortization
$299.95
214.62
130.62
128.65
151.09
123.09
179.00
193.00
188.00
86.00
-14.00
110.00
140.00
-6.15%27.27%Increase/Decrease in Working Capital
$-201.03
-79.75
-363.85
5.97
56.54
74.08
-4.00
-139.00
353.00
259.00
158.00
-390.00
148.00
137.95%Share-based Compensation
$
25.00
26.00
27.00
26.00
28.00
30.00
33.00
10.00%Adjustments to Reconcile Net Income
$777.76
422.50
613.11
55.64
225.70
127.02
336.00
292.00
-122.00
180.00
-500.00
563.00
205.00
-10.52%-63.59%Net Cash (Operating)
$1097.07
765.63
876.57
454.11
535.17
596.07
928.00
1176.00
697.00
719.00
629.00
1470.00
885.00
-1.77%-39.80%Capital Expenditure
$2494.41
1720.07
-212.24
278.93
-1679.14
-4553.03
-514.00
913.00
-735.00
5782.00
5783.00
-8778.00
-1623.00
81.51%Net Cash (Investing)
$-2492.44
-1908.97
-1393.16
-1340.56
-2650.72
-3436.25
-3919.00
-2706.00
375.00
-12204.00
-11579.00
1405.00
2370.00
68.68%Increase/Decrease in Debt
$1829.56
3301.28
30.82
165.96
2341.03
3083.48
1382.00
4496.00
7576.00
11658.00
12181.00
-2343.00
-2857.00
-21.94%Increase/Decrease in Equity
$25.69
143.24
794.14
526.44
22.39
-72.17
-307.00
-664.00
-1088.00
-68.00
-779.00
-193.00
-48.00
75.13%Interest Expenses
$263.34
214.67
191.90
152.78
101.62
83.34
118.00
237.00
401.00
195.00
81.00
160.00
1368.00
14.72%755.00%Dividends Paid
$156.13
133.58
119.66
96.13
108.06
107.85
129.00
236.00
260.00
259.00
261.00
269.00
282.00
5.05%4.83%Net Cash (Financing)
$1695.60
1760.90
-150.23
557.27
2071.93
2779.20
2802.00
1596.00
981.00
11323.00
11002.00
-2813.00
-3196.00
-13.62%Cash Taxes Paid
$3.74
183.35
181.32
182.95
131.66
214.30
246.00
207.00
233.00
169.00
442.00
21.00
255.00
42.16%1114.29%Increase/Decrease in Cash
$300.22
617.56
-666.82
-329.18
-43.62
-60.99
-189.00
66.00
91.00
-162.00
52.00
62.00
59.00
-12.68%-4.84%Cash (Beginning)
$924.13
1224.35
1841.91
1175.08
841.94
798.32
737.00
548.00
614.00
705.00
543.00
595.00
657.00
-2.80%10.42%Cash (Ending)
$1224.35
1841.91
1175.08
845.90
798.32
737.33
548.00
614.00
705.00
543.00
595.00
657.00
716.00
-4.37%8.98%NOPAT
$39.15
80.50
104.80
110.92
53.84
129.77
420.19
614.17
511.62
-9216.67
694.27
539.75
412.42
21.68%-23.59%Operating Margin %
2.32%
7.08%
10.61%
8.84%
4.54%
10.51%
27.93%
33.05%
7.64%
-22.77%
36.92%
21.68%
9.06%
NOPAT Margin %
2.31%
4.69%
5.88%
6.24%
3.21%
7.31%
20.59%
27.07%
5.95%
-664.02%
25.15%
22.51%
17.88%
Net Margin %
19.07%
10.40%
16.48%
18.37%
14.72%
23.18%
26.95%
37.46%
9.09%
38.83%
40.91%
37.82%
29.49%
Tax Rate %
0.72%
33.86%
44.61%
29.44%
29.14%
30.40%
26.28%
18.11%
22.13%
-2816.67%
31.87%
-3.80%
-97.33%
ROA
0.07%
0.15%
0.19%
0.19%
0.09%
0.21%
0.63%
0.89%
0.74%
-11.31%
0.74%
0.60%
0.47%
ROE
0.56%
1.33%
1.62%
1.51%
0.72%
1.70%
5.47%
8.10%
6.96%
-116.87%
9.30%
11.03%
7.25%
Equity Multiplier
7.61
9.18
8.67
7.76
7.95
8.28
8.63
9.07
9.41
10.33
12.49
18.30
15.32
Debt/Equity Ratio
6.44
8.02
7.52
6.64
6.82
7.04
6.90
7.23
8.00
9.00
11.23
14.78
13.27
Dividend Payout Ratio %
398.79%
165.95%
114.18%
86.66%
200.71%
83.11%
30.70%
38.43%
50.82%
2.81%
37.59%
49.84%
68.38%
Total Payout
$130.45
-9.66
-674.48
-430.31
85.66
180.02
436.00
900.00
1348.00
327.00
1040.00
462.00
330.00
8.04%-28.57%Payout Ratio %
333.19%
-12.00%
-643.57%
-387.93%
159.12%
138.72%
103.76%
146.54%
263.47%
3.55%
149.80%
85.60%
80.02%