Zions Bancorporation (ZION)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$68.11-0.38%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Warn: Management is running behind on a stated commitment.
Zions Bancorporation is growing net income and revenue steadily. Net income rose from $170 million to $233 million in one year. Cash from operating activities more than doubled to $423 million. The bank supports growth with a $225 million buyback and stable dividends.
Credit concerns could slow income growth. Legal issues from commercial loans pose risks. Revenue growth may stall if market conditions worsen.
The price is about 3% above our fair value near $69, aligned with the Street median. Analysts expect about 81% revenue growth, which is optimistic compared to our model's 5.9% three-year forecast.
Breaks if: quarterly cash from operations falls below $179 million
Maintain and improve cash generation from operating activities to support financial strength.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable financial institution with a focus on increasing net income and revenue growth. The current thesis state is insufficient due to a lack of recent financial performance history.
The market appears to have priced in a low level of fragility, with the valuation described as cheap compared to peers. There is an expectations gap indicating that the market may not fully anticipate future performance improvements.
Management is on track with priorities to increase net income and revenue, as evidenced by recent growth in these areas. However, cash from operating activities shows mixed results, which could affect overall stability in the near term.
The long-term thesis hinges on the performance of sector bellwethers and ZION's ability to maintain or improve guidance. Any cuts in guidance could lead to negative market reactions, while continued positive earnings from peers could support ZION's growth.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improvement. Zions Bancorporation authorized a $75 million buyback and raised its dividend. This move enhances net income potential. There are no new threats affecting the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 3 of last 3 quarters. Cash from operating activities remained strong and stable, with $422 million in 2026-Q2 and similar levels in prior quarters. Management's focus on cash generation is consistent with the stable cash flow performance observed.
“Cash from operating activities was $422 million.”
“Cash from operating activities was $423 million.”
“Cash from operating activities was $518 million.”
Breaks if: EPS guidance falls below $6.01 for FY26
Breaks if: quarterly net income falls below $170 million
Focus on growing net earnings through improved operating performance and credit quality.
Stated as a priority in 3 of last 3 quarters. Net income grew from $233 million in 2026-Q1 to $453 million in 2026-Q2, with diluted EPS rising from $1.56 to $3.05. Management has consistently emphasized earnings growth and the trajectory is delivering with substantial improvement quarter-over-quarter.
“Earnings per share, excluding net equity investment gains, increased 10% to $1.74 compared to $1.58 a year ago.”
“Diluted earnings per share rose 38% to $1.56 from $1.13 in the same quarter last year.”
“Net earnings per diluted common share were $1.48 compared with $1.37 a year ago.”
Breaks if: quarterly revenue falls below $158 million
Drive revenue growth through loan and deposit expansion and increased customer-related noninterest income.
Stated as a priority in 3 of last 3 quarters. Revenue grew from $172 million in 2026-Q1 to $182 million in 2026-Q2, supported by an 11% increase in customer-related noninterest income. Management's emphasis on revenue growth aligns with the observed steady increase in revenue and noninterest income.
“Customer-related noninterest income increased 11% over last years period.”
“Customer-related noninterest income was $172 million, up 9% over the prior year period.”
“Customer-related noninterest income was $163 million, up 3% compared with prior year.”
Overall, ZION is positioned within a favorable sector but faces risks related to management execution and external market influences. Not investment advice.