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Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ShsZIONPCompetitor analysis, valuation and peers

United States · USD·Financials›Major Banks

Preferred stock of Zions Bancorporation, a Utah-based regional bank holding company operating under several Western US bank brands.

Momentum weak 32
Mkt cap
$9.72B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$206,245
20-day average traded
P/B
0.31×
price to book
ROE
16.5%
delivered
Implied ROE
4.0%
what the price asks
Next earnings
81 days
26 Jan 2027
Close · USD$16.13
1D-0.4%
1W-5.5%
1M-7.3%
3M-11.9%
6M-16.2%
YTD-18.7%
1Y-24.8%
ATR %2.4%
Beta0.12
52w lowhigh25.4% off high

What Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd does

Preferred stock of Zions Bancorporation, a Utah-based regional bank holding company operating under several Western US bank brands.

Pays a floating-rate dividend that the bank's board may skip without owing the missed payment later, and has no maturity date. It trades as depositary shares, each representing a fraction of a preferred share, issued by Zions Bancorporation, and ranks ahead of common shares but behind debt and deposits.

Products and services

  • Non-cumulative perpetual preferred stock

Customers

  • Income-focused preferred-stock investors

Where it sits in the supply chain

  • Financial services
  • Banking
  • Western US regional banking - preferred…

What could go right

  • Zions' credit quality and capital levels remaining stable

What could go wrong

  • Rate resets on floating-rate structure
  • Bank-level credit stress

Moat: none. Preferred share class; value depends on parent bank's credit quality, not a standalone moat.

Headquarters: Salt Lake City, Utah, USA · Employees: 9,195

Named competitors

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd at a glance

Size Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd (ZIONP) is a United States Financials company (Major Banks) with a market value of $9.72B, the 791st largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.13 on 6 Nov 2026.

Performance Over six months the shares fell 16.2%, against +4.9% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 4.2% over the last twelve months (peer median +7.0%); the operating margin is 41.3% (peer median 41.0%).

Valuation It trades at 0.31× book value against a peer median of 1.17× (cheapest of 21).

Price implies The share price implies a return on equity of about 4.0%; Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd delivers 16.5%, so the price asks less than the business earns today.

Short interest Short interest is 0.0% of the free float (15 Oct 2026).

Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 105ZIONP 84
Six months, rebased to 100: Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd against the median of its 20 peers (local-currency closes).

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$5.15B$4.94B$4.99B$4.63B$3.32B
Revenue growth—-1%+8%+39%—
Net income$1.20B$888M$776M$674M$899M
Free cash flown/a$981M$1.04B$790M$1.32B
Capital expendituren/a$121M$97.0M$113M$190M
Total debt$3.26B$4.83B$5.02B$5.12B$11.3B

Quarterly statements and history in the cockpit →

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%+10%+20%-20%-10%0%+10%UNIONBSSBUMBF8421ALSYDBIDBIJYSKFEDERALBNK6019163698CANBKBOKF8354VLY7167INDUSINDBKCEBGEOINDIANBZIONP6-month return →1-month return →
Up and to the right = strong over both horizons. Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%0.50×10×1.50×20×UNIONBSSBUMBF8421ALSYDBIDBIFEDERALBNK6019163698CANBK8354VLYINDUSINDBKCEBGEOINDIANBZIONPReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd is the large dot.

Capital: ROE delivered against the ROE the price implies

10%20%10%20%UNIONBSSBUMBF8421ALSYDBIDBIJYSKFEDERALBNK6019163698CANBKINDUSINDBKCEBGEOINDIANBZIONPROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd is the large dot.

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd competitors and peer comparison

Head to head with its named competitors (ZIONP vs KEY vs RF)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP$9.72B-16%+4%16%0.31×4.0%
KeyCorp KEY$22.0B-3%+9%11%1.39×13.1%
Regions Financial RF$24.1B+2%+1%12%1.46×13.2%

How Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd against its 20 peers (data as of 6 Nov 2026)
MeasureZIONPPeer medianRank in peer set
1-month return-7.3%+2.5%3rd lowest of 21
6-month return-16.2%+4.9%lowest of 21
Return on equity16.5%10.5%3rd highest of 21
Price / book0.31×1.17×cheapest of 21
Trailing P/E2.0×11.4×cheapest of 21
ROE the price implies4.0%10.6%3rd least demanding of 21
ROE delivered16.5%10.5%3rd highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONPUnited States$9.72B-16%+4%16%0.31×4.0%16.5%
Unicaja Banco UNI.MCSpain$9.53B+20%-3%10%1.34×12.2%10.1%
Old National Bancorp ONBUnited States$9.43B+3%+18%12%1.17×10.3%11.5%
SouthState Bank SSBUnited States$10.1B+8%+18%10%1.11×9.3%10.3%
UMB Financial UMBFUnited States$10.2B+2%+17%14%1.34×11.2%13.5%
Shinkin Central Bank Pfd Subs Cert 8421.TJapan$10.3B-1%+47%3%1.02×4.4%3.0%
AL Sydbank A/S ALSYDB.CODenmark$9.20B+37%+27%10%1.78×6.3%9.6%
IDBI Bank IDBI.NSIndia$9.04B+5%+3%12%1.18×26.1%11.8%
Jyske Bank A/S JYSK.CODenmark$9.02B+25%+3%10%1.32×5.3%10.3%
Federal Bank Ltd. (India) FEDERALBNK.NSIndia$8.81B+14%+11%13%1.97×27.7%13.1%
China Zheshang Bank 601916.SSChina$11.2B-2%-4%7%0.44×2.0%7.2%
Huishang Bank 3698.HKHong Kong$8.31B-8%+1%11%0.36×3.8%10.7%
Canara Bank CANBK.NSIndia$11.8B-10%-7%17%0.87×17.1%16.8%
BOK Financial BOKFUnited States$7.87B-2%+3%11%1.33×10.6%11.2%
Fukuoka Financial 8354.TJapan$7.75B0%+22%9%1.08×7.0%8.7%
Valley National Bancorp VLYUnited States$7.75B+5%+3%9%1.03×10.6%9.4%
Mebuki Financial 7167.TJapan$7.57B+6%+25%9%1.16×6.2%9.2%
IndusInd Bank INDUSINDBK.NSIndia$7.48B-4%-2%5%1.04×17.8%4.5%
Credito Emiliano CE.MIItaly$7.48B+26%-2%12%1.41×13.1%12.3%
Lion Finance BGEO.LUnited Kingdom$7.39B+20%+19%27%1.89×21.1%27.3%
Indian Bank INDIANB.NSIndia$12.9B+5%+12%16%1.40×18.5%16.1%

Questions

Who are Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd's main competitors?
Named competitors: Zions Bancorporation common (private or unlisted), KeyCorp (KEY), Regions Financial (RF). The cockpit's measured peer set (industry) also includes Unicaja Banco (UNI.MC), Old National Bancorp (ONB), SouthState Bank (SSB), UMB Financial (UMBF), Shinkin Central Bank Pfd Subs Cert (8421.T), AL Sydbank A/S (ALSYDB.CO).
Is Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd expensive compared with its peers?
On price / book it trades at 0.31× against a peer median of 1.17×, cheapest of 21 in its peer set. The share price implies a return on equity of about 4.0%; Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd delivers 16.5%, so the price asks less than the business earns today.
How has Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd stock performed?
Over six months to 6 Nov 2026 the shares returned -16.2% against +4.9% for the median peer; over one year -24.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.