NYSE:ZB.PRA

Stock Analysis Report

Zions Bancorporation National Association

Executive Summary

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Zions Bancorporation National Association's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

NYSE:ZB.PRA

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-3.1%

NYSE:ZB.PRA

-16.1%

US Banks

-3.0%

US Market

ZB.PRA outperformed the Banks industry which returned -13.8% over the past year.

ZB.PRA underperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

ZB.PRAIndustryMarket
7 Day1.5%-1.8%-1.6%
30 Day3.3%-10.6%-5.8%
90 Day-0.2%-5.0%0.2%
1 Year1.2%-3.1%-13.7%-16.1%-0.8%-3.0%
3 Year9.3%-3.7%37.9%28.5%38.0%29.1%
5 Year38.1%12.3%49.4%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Zions Bancorporation National Association's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Zions Bancorporation National Association undervalued based on future cash flows and its price relative to the stock market?

32%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Zions Bancorporation National Association's share price is below the future cash flow value, and at a moderate discount (> 20%).

Zions Bancorporation National Association's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Zions Bancorporation National Association is good value based on earnings compared to the US Banks industry average.

Zions Bancorporation National Association is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Zions Bancorporation National Association earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Zions Bancorporation National Association is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Zions Bancorporation National Association expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Zions Bancorporation National Association's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).

Zions Bancorporation National Association's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Zions Bancorporation National Association's revenue growth is positive but not above the United States of America market average.

Zions Bancorporation National Association's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Zions Bancorporation National Association's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Zions Bancorporation National Association is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Zions Bancorporation National Association performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Zions Bancorporation National Association has delivered over 20% year on year earnings growth in the past 5 years.

Zions Bancorporation National Association's 1-year earnings growth is less than its 5-year average (21% vs 27.8%)

Zions Bancorporation National Association's earnings growth has not exceeded the US Banks industry average in the past year (21% vs 33.1%).


Return on Equity

Zions Bancorporation National Association has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Zions Bancorporation National Association used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Zions Bancorporation National Association improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Zions Bancorporation National Association's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Zions Bancorporation National Association has an acceptable proportion of non-loan assets held.

Zions Bancorporation National Association has a sufficient allowance for bad loans.

Zions Bancorporation National Association's liabilities are made up of primarily low risk sources of funding.

Zions Bancorporation National Association's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Zions Bancorporation National Association are broadly funded by customer deposits.

Zions Bancorporation National Association has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Zions Bancorporation National Association's current dividend yield, its reliability and sustainability?

3.59%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Zions Bancorporation National Association's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Zions Bancorporation National Association's dividend is below the markets top 25% of dividend payers in United States of America (3.82%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).


Next Steps

Management

What is the CEO of Zions Bancorporation National Association's salary, the management and board of directors tenure and is there insider trading?

11.6yrs

Average management tenure


CEO

Harris Simmons (65yo)

29.6yrs

Tenure

US$4,363,039

Compensation

Mr. Harris Henry Simmons has been the Chief Executive Officer of Zions Bancorporation since 1990 and served as its President. Mr. Simmons served as the Principal Executive Officer of Zions Financial Corp.  ...


CEO Compensation Analysis

Harris's remuneration is lower than average for companies of similar size in United States of America.

Harris's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.6yrs

Average Tenure

62yo

Average Age

The average tenure for the Zions Bancorporation National Association management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.4yrs

Average Tenure

64yo

Average Age

The tenure for the Zions Bancorporation National Association board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Harris Simmons (65yo)

    Chairman & CEO

    • Tenure: 29.6yrs
    • Compensation: US$4.36m
  • Scott Anderson (72yo)

    Executive Vice President

    • Tenure: 19.6yrs
    • Compensation: US$1.57m
  • David Blackford (70yo)

    Executive Vice President

    • Tenure: 18.6yrs
    • Compensation: US$1.72m
  • Scott McLean (62yo)

    President

    • Tenure: 0.9yrs
    • Compensation: US$2.40m
  • Ed Schreiber (60yo)

    Executive VP & Chief Risk Officer

    • Tenure: 6.3yrs
    • Compensation: US$1.71m
  • Thomas Laursen (67yo)

    Executive VP

    • Tenure: 15.6yrs
  • Paul Burdiss (53yo)

    Executive VP & CFO

    • Tenure: 4.3yrs
    • Compensation: US$2.02m
  • James Abbott (46yo)

    Senior VP of Investor Relations & External Communications

    • Tenure: 10.6yrs
  • Jennifer Smith (46yo)

    Executive VP & Chief Information Officer

    • Tenure: 3.8yrs
  • Alvin Lee

    Senior VP & Director of Corporate Development

    • Tenure: 12.6yrs

Board Members

  • Gary Crittenden (66yo)

    Director

    • Tenure: 3.0yrs
    • Compensation: US$188.88k
  • Jerry Atkin (70yo)

    Director

    • Tenure: 26.6yrs
    • Compensation: US$185.88k
  • Harris Simmons (65yo)

    Chairman & CEO

    • Tenure: 29.6yrs
    • Compensation: US$4.36m
  • David Heaney (70yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$204.63k
  • Stephen Quinn (63yo)

    Lead Director

    • Tenure: 2.6yrs
    • Compensation: US$206.38k
  • Barbara Yastine (60yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$166.13k
  • Ed Murphy (66yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: US$202.38k
  • Scott McLean (62yo)

    President

    • Tenure: 0.9yrs
    • Compensation: US$2.40m
  • Suren Gupta (58yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$170.76k
  • Vivian Lee (52yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$170.26k

Company Information

Zions Bancorporation, National Association's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zions Bancorporation, National Association
  • Ticker: ZB.PRA
  • Exchange: NYSE
  • Founded: 1873
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$7.084b
  • Shares outstanding: 176.96m
  • Website: https://www.zionsbancorporation.com

Number of Employees


Location

  • Zions Bancorporation, National Association
  • One South Main Street
  • Salt Lake City
  • Utah
  • 84133
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZIONNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1969
ZB1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969
0M3LLSE (London Stock Exchange)YesCommon StockGBUSDJan 1969
ZB.PRANYSE (New York Stock Exchange)PFD 1/40 SER AUSUSDDec 2006
ZB.PRGNYSE (New York Stock Exchange)DEP 1/40TH PFDUSUSDFeb 2013
ZB.PRHNYSE (New York Stock Exchange)PFD 1/40 PRP HUSUSDMay 2013

Biography

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 00:04
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.