ZION Zions Bancorporation N.A

Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah. Zions Bancorporation originated as Keystone Insurance and Investment Co., a Utah Corporation, in April 1955. In April 1960, Keystone, together with several individual investors, acquired a 57.5 percent interest in Zions First National Bank from the LDS Church. In 1965, the name of the company was changed to Zions Bancorporation. The first public offering of shares in Zions Bancorporation was made in January 1966. There continued to be some minority shareholders until April 1972, when the company exchanged the remaining minority shares for common shares. In 2018, Zions Bancorporation merged into its bank subsidiary, ZB, N.A., which was then renamed Zions Bancorporation, N.A. Zions Bancorporation now operates as a national bank doing business under eight local brands, rather than as a holding company. The bank's history dates back to the founding of Zion's Savings Bank and Trust Company, which Brigham Young opened in the fall of 1873 during the Mormon settlement of Utah. It was Utah's first chartered savings bank and trust company.

Company profile

Harris Simmons
Fiscal year end
Industry (SIC)
Former names
IRS number

ZION stock data



24 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Cost of revenue
Operating income
Operating margin
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 543M 543M 543M 543M 543M 543M
Cash burn (monthly) 11M 2.25M 196M 213.5M (positive/no burn) (positive/no burn)
Cash used (since last report) 39.79M 8.14M 708.95M 772.25M n/a n/a
Cash remaining 503.21M 534.86M -165.95M -229.25M n/a n/a
Runway (months of cash) 45.7 237.7 -0.8 -1.1 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Aaron Skonnard Deferred Comp Common Stock Grant Aquire A No No 55.41 337.109 18.68K 8,984.028
1 Apr 21 Claire A Huang Deferred Comp Common Stock Grant Aquire A No No 55.41 391.775 21.71K 3,984.612
1 Apr 21 Quinn Stephen D Deferred Comp Common Stock Grant Aquire A No No 55.41 596.774 33.07K 79,419.52
1 Apr 21 Lee Vivian S Deferred Comp Common Stock Grant Aquire A No No 55.41 382.664 21.2K 382.664

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 423 395 +7.1%
Opened positions 96 55 +74.5%
Closed positions 68 61 +11.5%
Increased positions 92 135 -31.9%
Reduced positions 180 143 +25.9%
13F shares
Current Prev Q Change
Total value 7.45B 3.98B +87.0%
Total shares 135.52M 136.4M -0.6%
Total puts 764.83K 1.33M -42.3%
Total calls 1.05M 1.25M -16.2%
Total put/call ratio 0.7 1.1 -31.1%
Largest owners
Shares Value Change
Vanguard 18.63M $809.12M -1.0%
BLK Blackrock 10.58M $459.6M -15.7%
IVZ Invesco 10.47M $454.81M +2.4%
Wellington Management 8.52M $370.12M +41.2%
STT State Street 8.15M $353.86M -6.9%
Victory Capital Management 6.31M $274.23M +2.8%
Dimensional Fund Advisors 4.88M $211.99M -0.7%
LSV Asset Management 4.61M $200.29M -12.0%
JPM JPMorgan Chase & Co. 3.35M $145.49M -7.1%
Thrivent Financial For Lutherans 3.29M $142.85M -1.2%
Largest transactions
Shares Bought/sold Change
Massachusetts Financial Services 2.99M +2.99M NEW
Wellington Management 8.52M +2.48M +41.2%
BLK Blackrock 10.58M -1.97M -15.7%
Norges Bank 1.95M +1.95M NEW
Holocene Advisors 59.55K -974.91K -94.2%
AMP Ameriprise Financial 1.37M +906.15K +195.1%
Balyasny Asset Management 729.29K +729.29K NEW
WHG Westwood 657.89K +657.89K NEW
CMTDF Sumitomo Mitsui Trust 0 -643.36K EXIT
LSV Asset Management 4.61M -629.8K -12.0%

Financial report summary

  • Credit quality has adversely affected us in the past and may adversely affect us in the future.
  • We have concentrations of risk in our loan portfolio, including loans secured by real estate, oil and gas-related lending, and leveraged and enterprise value lending, which may have unique risk characteristics that may adversely affect our results.
  • Our business is highly correlated to local economic conditions in a specific geographic region of the U.S.
  • We could be negatively affected by adverse economic conditions.
  • Failure to effectively manage our interest rate risk and prolonged periods of low interest rates could adversely affect our results.
  • Interest rates on our financial instruments might be subject to change based on developments related to LIBOR, which could adversely impact our revenue, expenses, and value of those financial instruments.
  • We and the holders of our securities could be adversely affected by unfavorable rating actions from rating agencies.
  • Changes in sources of liquidity and capital and liquidity requirements may limit our operations and potential growth.
  • Problems encountered by other financial institutions could adversely affect financial markets generally and have indirect adverse effects on us.
  • The regulation of incentive compensation under the Dodd-Frank Act may adversely affect our ability to retain our highest performing employees.
  • We have made, and are continuing to make, significant changes that include, among other things, organizational restructurings, efficiency initiatives, and replacement or upgrades of certain core technology systems to improve our control environment and operating efficiency. The ultimate success and completion of these changes, and their effect on us, may vary significantly from initial planning, which could materially adversely affect us.
  • Catastrophic events including, but not limited to, hurricanes, tornadoes, earthquakes, fires, floods, prolonged drought, and pandemics may adversely affect us and the general economy, financial and capital markets, and specific industries.
  • We could be adversely affected by failure in our internal controls.
  • We could be adversely affected by internal, as well as external, fraud schemes.
  • We use models in the management of the Bank. There is risk that these models are inaccurate in various ways, which can cause us to make suboptimal decisions.
  • We outsource various operations to third party vendors which could adversely impact our business and operational performance.
  • We could be adversely affected by our ability to develop, adopt, and implement technology advancements.
  • We could be adversely impacted by system vulnerabilities, failures or outages impacting operations and customer services such as online and mobile banking.
  • We are subject to a variety of system failure and cyber security risks that could adversely affect our business and financial performance.
  • Internal stress testing and capital management, as well as provisions of the National Bank Act and OCC regulations, may limit our ability to increase dividends, repurchase shares of our stock, and access the capital markets.
  • Economic and other circumstances may require us to raise capital at times or in amounts that are unfavorable to us.
  • We could be adversely affected by accounting, financial reporting, and regulatory compliance risk.
  • The value of our goodwill may decline in the future.
  • Laws and regulations applicable to us and the financial services industry impose significant limitations on our business activities and subject us to increased regulation and additional costs.
  • We could be adversely affected by legal and governmental proceedings.
  • The corporate and securities laws applicable to us are not as well-developed as those applicable to a state-chartered corporation, which may impact our ability to effect corporate transactions in an efficient and optimal manner.
  • Differences between the National Bank Act and state law requirements regarding mergers could hinder our ability to execute acquisitions as efficiently and advantageously as bank holding companies or other financial institutions.
  • Differences between the National Bank Act and state law could reduce our ability to pay dividends or repurchase shares when compared with those capacities that existed for Zions Bancorporation prior to the restructuring.
  • Shares of common stock of a national bank are assessable, which may cause investors to view our common stock less favorably than that of Zions Bancorporation prior to the restructuring.
  • The ability of investors to access financial and other reports filed by us readily could be adversely affected if such reports were not able to be made available publicly through the SEC or a system operated by the OCC comparable to that of the SEC.
  • Our ability to issue securities in an optimal manner may be adversely affected by the fact that the OCC’s securities offering regulations and organizational structure are less well-developed than those of the SEC, which applied to our holding company prior to the restructuring.
  • We are subject to restrictions on permissible activities that would limit the types of business we may conduct and that may make acquisitions of other financial companies more challenging.
  • Our common stock is not an insured deposit.
  • We are presented with various reputational risk issues that could stem from operational, regulatory, compliance, and legal risks.
  • Our business, financial condition, liquidity and results of operations have been, and will likely continue to be, adversely affected by the COVID-19 pandemic.
Management Discussion
  • The year 2020 presented a great number of challenges, and the COVID-19 pandemic resulted in hardships for many. Key examples of our response to the challenging environment are set forth below.
  • •Although the sharp reduction of shorter-term benchmark interest rates to nearly zero and a significant flattening of the interest rate curve resulted in a reduction of revenue, the fiscal stimulus provided by the CARES Act and specifically the PPP, allowed us to provide relief to more than 47,000 customers — 14,700 customers of which were new to us — by facilitating a lending lifeline to these businesses. These new customers helped increase the total number of our business customers by nearly 8% in 2020.
  • •We ranked as the ninth largest originator of PPP loans by dollar volume of all the participating financial institutions, as disclosed by the SBA. Our market share of this program was approximately 3.5 times our overall national deposit market share, as measured by deposits. We attribute this success to two key factors:
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