ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION) financial statements: income statement, balance sheet and cash flow

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ reported net income of $899.0M (+14.7% year on year).

Income statement

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Interest and fees on loans	$3.5B	$3.5B	$3.2B	$2.1B
Interest on money market investments	$186.0M	$230.0M	$188.0M	$81.0M
Interest on securities	$497.0M	$549.0M	$563.0M	$512.0M
Total interest income	$4.2B	$4.3B	$3.9B	$2.7B
Interest on deposits	$1.3B	$1.5B	$1.1B	$70.0M
Interest on short- and long-term borrowings	$307.0M	$323.0M	$446.0M	$115.0M
Total interest expense	$1.6B	$1.9B	$1.5B	$185.0M
Net interest income	$2.6B	$2.4B	$2.4B	$2.5B
Provision for loan and lease losses	$71.0M	$72.0M	$148.0M	—
Provision for unfunded lending commitments	$1.0M	$0	($16.0M)	$21.0M
Total provision for credit losses	$72.0M	$72.0M	$132.0M	$122.0M
Net interest income after provision for credit losses	$2.6B	$2.4B	$2.3B	$2.4B
Commercial account fees	$185.0M	$182.0M	$174.0M	$159.0M
Card fees	$95.0M	$96.0M	$101.0M	$104.0M
Retail and business banking fees	$75.0M	$67.0M	$66.0M	$73.0M
Loan-related fees and income	$75.0M	$70.0M	$79.0M	$80.0M
Capital markets fees and income	$116.0M	—	—	—
Wealth management fees	$57.0M	$58.0M	$58.0M	$55.0M
Other customer-related fees	$59.0M	$56.0M	$61.0M	$60.0M
Customer-related noninterest income	$662.0M	$639.0M	$620.0M	$614.0M
Dividends and other income	$44.0M	$42.0M	$57.0M	$17.0M
Securities gains (losses), net	$52.0M	$19.0M	$4.0M	($15.0M)
Total noninterest income	$758.0M	$700.0M	$677.0M	$632.0M
Salaries and employee benefits	$1.4B	$1.3B	$1.3B	$1.2B
Technology, telecom, and information processing	$276.0M	$260.0M	$240.0M	$209.0M
Occupancy and equipment, net	$166.0M	$161.0M	$160.0M	$152.0M
Professional and legal services	$61.0M	$64.0M	$62.0M	$57.0M
Marketing and business development	$64.0M	$45.0M	$46.0M	$39.0M
Deposit insurance and regulatory expense	$64.0M	$91.0M	$169.0M	$50.0M
Credit-related expense	$25.0M	$25.0M	$26.0M	$30.0M
Other real estate expense, net	($2.0M)	($1.0M)	$0	$1.0M
Other	$134.0M	$114.0M	$119.0M	$105.0M
Total noninterest expense	$2.1B	$2.0B	$2.1B	$1.9B
Income before income taxes	$1.2B	$1.0B	$886.0M	$1.2B
Income taxes	$276.0M	$228.0M	$206.0M	$245.0M
Net income	$899.0M	$784.0M	$680.0M	$907.0M
Preferred stock dividends	($4.0M)	($41.0M)	($32.0M)	($29.0M)
Preferred stock redemption	$0	($6.0M)	—	—
Net earnings applicable to common shareholders	$895.0M	$737.0M	$648.0M	$878.0M
Basic shares (in shares)	147.1M	147.2M	147.7M	150.1M
Diluted shares (in shares)	147.2M	147.2M	147.8M	150.3M
Basic (in dollars per share)	$6.01	$4.95	$4.35	$5.80
Diluted (in dollars per share)	$6.01	$4.95	$4.35	$5.79

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Interest and fees on loans	$859.0M	$841.0M	$898.0M	$875.0M
Interest on money market investments	$43.0M	$39.0M	$41.0M	$50.0M
Interest on securities	$117.0M	$116.0M	$125.0M	$126.0M
Total interest income	$1.0B	$996.0M	$1.1B	$1.1B
Interest on deposits	$281.0M	$275.0M	$313.0M	$312.0M
Interest on short- and long-term borrowings	$61.0M	$59.0M	$79.0M	$91.0M
Total interest expense	$342.0M	$334.0M	$392.0M	$403.0M
Net interest income	$677.0M	$662.0M	$672.0M	$648.0M
Provision for loan and lease losses	$4.0M	($7.0M)	$45.0M	$3.0M
Provision for unfunded lending commitments	($1.0M)	$0	$4.0M	($4.0M)
Total provision for credit losses	$3.0M	($7.0M)	$49.0M	($1.0M)
Net interest income after provision for credit losses	$674.0M	$669.0M	$623.0M	$649.0M
Commercial account fees	$49.0M	$48.0M	$47.0M	$46.0M
Card fees	$24.0M	$22.0M	$24.0M	$24.0M
Retail and business banking fees	$20.0M	$20.0M	$19.0M	$19.0M
Loan-related fees and income	$22.0M	$23.0M	$20.0M	$19.0M
Capital markets fees and income	$36.0M	$28.0M	$24.0M	$28.0M
Wealth management fees	$15.0M	$16.0M	$14.0M	$14.0M
Other customer-related fees	$16.0M	$15.0M	$15.0M	$14.0M
Customer-related noninterest income	$182.0M	$172.0M	$163.0M	$164.0M
Dividends and other income	$9.0M	$12.0M	$15.0M	$12.0M
Securities gains (losses), net	$269.0M	$3.0M	$11.0M	$14.0M
Total noninterest income	$460.0M	$187.0M	$189.0M	$190.0M
Salaries and employee benefits	$344.0M	$361.0M	$337.0M	$336.0M
Technology, telecom, and information processing	$72.0M	$74.0M	$70.0M	$65.0M
Occupancy and equipment, net	$44.0M	$41.0M	$42.0M	$40.0M
Professional and legal services	$22.0M	$20.0M	$14.0M	$13.0M
Marketing and business development	$14.0M	$13.0M	$11.0M	$12.0M
Deposit insurance and regulatory expense	$7.0M	$15.0M	$16.0M	$20.0M
Credit-related expense	$10.0M	$5.0M	$6.0M	$6.0M
Other real estate expense, net	$1.0M	$0	$0	$0
Other	$37.0M	$33.0M	$31.0M	$35.0M
Total noninterest expense	$551.0M	$562.0M	$527.0M	$527.0M
Income before income taxes	$583.0M	$294.0M	$285.0M	$312.0M
Income taxes	$130.0M	$61.0M	$63.0M	$68.0M
Net income	$453.0M	$233.0M	$222.0M	$244.0M
Preferred stock dividends	($1.0M)	($1.0M)	($1.0M)	($1.0M)
Net earnings applicable to common shareholders	$452.0M	$232.0M	$221.0M	$243.0M
Basic shares (in shares)	146.1M	146.9M	147.0M	147.0M
Diluted shares (in shares)	146.2M	147.0M	147.1M	147.1M
Basic (in dollars per share)	$3.05	$1.56	$1.48	$1.63
Diluted (in dollars per share)	$3.05	$1.56	$1.48	$1.63

Balance sheet

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and due from banks	$683.0M	$651.0M	$716.0M	$657.0M
Interest-bearing deposits	$2.2B	$2.9B	$1.5B	$1.3B
Federal funds sold and securities purchased under agreements to resell	$1.4B	$1.5B	$937.0M	$2.4B
Trading securities, at fair value	$64.0M	$35.0M	$48.0M	$465.0M
Available-for-sale, at fair value	$9.2B	$9.1B	$10.3B	$11.9B
Held-to-maturity, at amortized cost (fair value $8,940 and $9,382)	$8.9B	$9.7B	$10.4B	$11.1B
Total investment securities	$18.1B	$18.8B	$20.7B	$23.5B
Loans held for sale (includes $71 and $25 of loans carried at fair value)	$201.0M	$74.0M	$53.0M	$8.0M
Loans and leases, net of unearned income and fees	$60.9B	$59.4B	$57.8B	$55.7B
Allowance for loan and lease losses	$678.0M	$696.0M	$684.0M	$575.0M
Loans held for investment, net of allowance	$60.2B	$58.7B	$57.1B	$55.1B
Other noninterest-bearing investments	$1.1B	$1.0B	$950.0M	$1.1B
Premises, equipment, and software, net	$1.4B	$1.4B	$1.4B	$1.4B
Goodwill and intangibles	$1.1B	$1.1B	$1.1B	$1.1B
Other real estate owned	$5.0M	$1.0M	$6.0M	$3.0M
Other assets	$2.6B	$2.8B	$2.8B	$2.9B
Total assets	$89.0B	$88.8B	$87.2B	$89.5B
Noninterest-bearing demand	$25.8B	$24.7B	$26.2B	$35.8B
Savings and money market	$39.9B	$40.0B	$38.7B	$33.6B
Time	$9.9B	$11.5B	$10.0B	$2.3B
Total deposits	$75.6B	$76.2B	$75.0B	$71.7B
Federal funds and other short-term borrowings	$3.1B	$3.8B	$4.4B	$10.4B
Long-term debt	$1.5B	$950.0M	$542.0M	$651.0M
Reserve for unfunded lending commitments	$46.0M	$45.0M	$45.0M	$61.0M
Other liabilities	$1.5B	$1.6B	$1.6B	$1.9B
Total liabilities	$81.8B	$82.7B	$81.5B	$84.7B
Preferred stock, without par value; authorized 4,400 shares	66.0M	66.0M	440.0M	440.0M
Common stock ($0.001 par value; authorized 350,000 shares; issued and outstanding 147,653 and 147,871 shares) and additional paid-in capital	1.7B	1.7B	—	—
Retained earnings	$7.3B	$6.7B	$6.2B	$5.8B
Accumulated other comprehensive income (loss)	($1.9B)	($2.4B)	($2.7B)	($3.1B)
Total shareholders’ equity	$7.2B	$6.1B	$5.7B	$4.9B
Total liabilities and shareholders’ equity	$89.0B	$88.8B	$87.2B	$89.5B

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and due from banks	$793.0M	$661.0M	$771.0M	$780.0M
Interest-bearing deposits	$1.4B	$1.7B	$2.4B	$1.8B
Federal funds sold and securities purchased under agreements to resell	$1.1B	$1.0B	$1.0B	$1.1B
Trading securities, at fair value	$319.0M	$104.0M	$134.0M	$180.0M
Available-for-sale, at fair value	$9.2B	$9.2B	$9.2B	$9.1B
Held-to-maturity, at amortized cost (fair value: $8,440 and $8,940)	$8.5B	$8.7B	$9.1B	$9.3B
Total investment securities	$17.7B	$17.9B	$18.2B	$18.4B
Loans held for sale (includes $51 and $71 of loans carried at fair value)	$77.0M	$140.0M	$215.0M	$172.0M
Loans and leases, net of unearned income and fees 1	$62.5B	$61.3B	$60.3B	$60.8B
Allowance for loan and lease losses	$662.0M	$667.0M	$679.0M	$690.0M
Loans held for investment, net of allowance	$61.8B	$60.6B	$59.6B	$60.1B
Other noninterest-bearing investments	$1.1B	$994.0M	$1.1B	$1.2B
Premises, equipment and software, net	$1.4B	$1.4B	$1.4B	$1.4B
Goodwill and intangibles	$1.1B	$1.1B	$1.1B	$1.1B
Other real estate owned	$6.0M	$14.0M	$5.0M	$5.0M
Other assets 1	$2.3B	$2.3B	$2.6B	$2.7B
Total assets	$89.0B	$88.0B	$88.5B	$88.9B
Noninterest-bearing demand	$26.2B	$27.1B	$26.1B	$25.4B
Savings and money market	$40.7B	$40.2B	$38.7B	$38.3B
Time	$9.7B	$9.7B	$10.1B	$10.1B
Total deposits	$76.6B	$76.9B	$74.9B	$73.8B
Federal funds and other short-term borrowings 1	$1.2B	$382.0M	$3.8B	$6.1B
Long-term debt	$2.0B	$2.0B	$1.5B	$970.0M
Reserve for unfunded lending commitments	$45.0M	$46.0M	$46.0M	$42.0M
Other liabilities 1	$1.5B	$1.4B	$1.5B	$1.4B
Total liabilities	$81.4B	$80.7B	$81.7B	$82.3B
Preferred stock, without par value; authorized 4,400 shares	66.0M	66.0M	66.0M	66.0M
Common stock ($0.001 par value; authorized 350,000 shares; issued and outstanding 145,939 and 147,653 shares) and additional paid-in capital	1.6B	1.7B	1.7B	1.7B
Retained earnings	$7.9B	$7.5B	$7.1B	$7.0B
Accumulated other comprehensive income (loss)	($1.9B)	($1.9B)	($2.1B)	($2.2B)
Total shareholders’ equity	$7.7B	$7.3B	$6.9B	$6.6B
Total liabilities and shareholders’ equity	$89.0B	$88.0B	$88.5B	$88.9B

Cash flow statement

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$899.0M	$784.0M	$680.0M	$907.0M
Provision for credit losses	$72.0M	$72.0M	$132.0M	$122.0M
Depreciation and amortization	$116.0M	$124.0M	$140.0M	$110.0M
Share-based compensation	$35.0M	$33.0M	$33.0M	$30.0M
Deferred income tax expense (benefit)	$47.0M	($7.0M)	($9.0M)	($43.0M)
Net decrease (increase) in trading securities	($29.0M)	$13.0M	$22.0M	($93.0M)
Net decrease (increase) in loans held for sale	$27.0M	$67.0M	($40.0M)	$48.0M
Change in other liabilities	($90.0M)	$3.0M	($299.0M)	$892.0M
Change in other assets	$66.0M	$94.0M	$169.0M	($457.0M)
Other, net	($70.0M)	($35.0M)	$57.0M	($46.0M)
Net cash provided by operating activities	$1.1B	$1.1B	$885.0M	$1.5B
Net decrease (increase) in money market investments	$681.0M	($1.9B)	$1.7B	$8.7B
Proceeds from maturities and paydowns of investment securities held-to-maturity	$1.0B	$1.0B	$1.1B	$445.0M
Purchases of investment securities held-to-maturity	$0	($62.0M)	($41.0M)	($399.0M)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale	$1.6B	$2.0B	$2.3B	$3.3B
Purchases of investment securities available-for-sale	($1.4B)	($907.0M)	($666.0M)	($5.8B)
Net change in loans and leases	($1.3B)	($1.7B)	($2.1B)	($4.6B)
Purchases and sales of other noninterest-bearing investments	$13.0M	($46.0M)	$183.0M	($298.0M)
Purchases of premises and equipment	($121.0M)	($97.0M)	($113.0M)	($190.0M)
Acquisition of California branches, net of cash acquired	$191.0M	$0	$0	$318.0M
Other, net	($19.0M)	$12.0M	($15.0M)	$27.0M
Net cash provided by (used in) investing activities	$738.0M	($1.6B)	$2.4B	$1.4B
Net increase (decrease) in deposits	($1.2B)	$1.3B	$3.3B	($11.6B)
Net change in short-term funds borrowed	($728.0M)	($547.0M)	($6.0B)	$9.5B
Cash paid for preferred stock redemption	$0	($374.0M)	$0	$0
Proceeds from the issuance of long-term debt	$498.0M	$496.0M	—	—
Redemption of long-term debt	$0	($88.0M)	($128.0M)	($290.0M)
Proceeds from the issuance of common stock	$6.0M	$10.0M	$3.0M	$9.0M
Dividends paid on common and preferred stock	($267.0M)	($289.0M)	($282.0M)	($269.0M)
Bank common stock repurchased	($41.0M)	($36.0M)	($51.0M)	($202.0M)
Other, net	($11.0M)	($7.0M)	($9.0M)	($8.0M)
Net cash provided by (used in) financing activities	($1.8B)	$427.0M	($3.2B)	($2.8B)
Net increase (decrease) in cash and due from banks	$32.0M	($65.0M)	$59.0M	$62.0M
Cash and due from banks at beginning of year	$651.0M	$716.0M	$657.0M	$595.0M
Cash and due from banks at end of year	$683.0M	$651.0M	$716.0M	$657.0M
Cash paid for interest	$1.6B	$1.9B	$1.4B	$160.0M
Net cash paid for income taxes	$196.0M	$192.0M	$255.0M	$21.0M
Loans held for investment reclassified to loans held for sale, net	$222.0M	$223.0M	$68.0M	$114.0M
Trading securities reclassified to money market investments	$0	$0	$395.0M	—
Deposits acquired in purchase of California branches (at time of purchase)	$657.0M	$0	$0	$430.0M
Loans acquired in purchase of California branches, net (at time of purchase)	$423.0M	$0	$0	$95.0M

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$686.0M	$233.0M	$636.0M	$414.0M
Provision for credit losses	($4.0M)	($7.0M)	$66.0M	$17.0M
Depreciation and amortization	$57.0M	$30.0M	$87.0M	$57.0M
Share-based compensation	$24.0M	$18.0M	$29.0M	$23.0M
Deferred income tax expense	$18.0M	$28.0M	$40.0M	$31.0M
Net increase in trading securities	($255.0M)	($40.0M)	($99.0M)	—
Net decrease (increase) in loans held for sale	$569.0M	$366.0M	($79.0M)	($55.0M)
Change in other liabilities	$29.0M	($115.0M)	($114.0M)	($183.0M)
Change in other assets	$18.0M	($73.0M)	$46.0M	($9.0M)
Net gains on equity securities	($264.0M)	—	—	—
Other, net	($33.0M)	($17.0M)	($57.0M)	($33.0M)
Net cash provided by operating activities	$845.0M	$423.0M	$555.0M	$117.0M
Net decrease in money market investments	$1.1B	$874.0M	$900.0M	$1.4B
Proceeds from maturities and paydowns of investment securities held-to-maturity	$498.0M	$231.0M	$814.0M	$540.0M
Purchases of investment securities held-to-maturity	$0	$0	($27.0M)	($27.0M)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale	$509.0M	$262.0M	$1.3B	$956.0M
Purchases of investment securities available-for-sale	($597.0M)	($300.0M)	($1.1B)	($777.0M)
Net change in loans and leases	($2.0B)	($694.0M)	($555.0M)	($1.0B)
Purchases and sales of other noninterest-bearing investments	$68.0M	$87.0M	($36.0M)	($132.0M)
Purchases of premises and equipment	($58.0M)	($25.0M)	($83.0M)	($58.0M)
Acquisition of California branches, net of cash acquired	$0	$0	$191.0M	$191.0M
Other, net	$221.0M	($7.0M)	($12.0M)	($12.0M)
Net cash provided by (used in) investing activities	($260.0M)	$428.0M	$1.4B	$1.0B
Net increase (decrease) in deposits	$964.0M	$1.3B	($2.0B)	($3.1B)
Net change in short-term borrowed funds	($1.7B)	($2.5B)	($75.0M)	$2.2B
Proceeds from the issuance of long-term debt	$498.0M	$497.0M	$498.0M	—
Proceeds from the issuance of common stock	$17.0M	$14.0M	$6.0M	$4.0M
Dividends paid on common and preferred stock	($136.0M)	($68.0M)	($199.0M)	($131.0M)
Bank common stock repurchased	($152.0M)	($77.0M)	($41.0M)	($41.0M)
Other, net	($13.0M)	($12.0M)	($10.0M)	($10.0M)
Net cash used in financing activities	($475.0M)	($873.0M)	($1.8B)	($1.0B)
Net increase in cash and due from banks	$110.0M	($22.0M)	$120.0M	$129.0M
Cash and due from banks at beginning of period	$683.0M	$683.0M	$651.0M	$651.0M
Cash and due from banks at end of period	$793.0M	$661.0M	$771.0M	$780.0M
Cash paid for interest	$668.0M	$333.0M	$1.2B	$829.0M
Net cash paid for income taxes	$123.0M	$2.0M	$173.0M	$114.0M
Loans held for investment reclassified to loans held for sale, net	$508.0M	$311.0M	$106.0M	$63.0M
Deposits acquired in purchase of California branches (at time of purchase)	$0	$0	$657.0M	$657.0M
Loans acquired in purchase of California branches, net (at time of purchase)	$0	$0	$423.0M	$423.0M

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.