Company profile

Ticker
ZION, ZBK, ZIONL, ZIONN, ZIONO, ZIONP
Exchange
CEO
Harris H. Simmons
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ZIONS BANCORPORATION /UT/
SEC CIK
IRS number
870227400

ZION stock data

(
)

Calendar

5 Aug 20
10 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 595M 622M 647M 677M
Net income 66M 14M 183M 222M
Diluted EPS 0.34 0.04 0.97 1.17
Net profit margin 11.09% 2.25% 28.28% 32.79%
Cash on hand 570M 705M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.68B 2.48B 2.19B 1.95B
Net income 816M 884M 592M 469M
Diluted EPS 4.16 4.08 2.6 1.99
Net profit margin 30.41% 35.63% 27.01% 24.00%
Net change in cash 91M
Cash on hand 705M 614M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
3 Aug 20 Randy R Stewart Common Stock Payment of exercise Dispose F No 32.45 604 19.6K 11,155
3 Aug 20 Olga Hoff Common Stock Payment of exercise Dispose F No 32.45 19 616.55 7,841
1 Jul 20 Claire A Huang Deferred Comp Common Stock Grant Aquire A No 0 2,343 0 2,343
30 Jun 20 Quinn Stephen D Deferred Comp Common Stock Grant Aquire A No 0 972.621 0 74,992.86
13F holders
Current Prev Q Change
Total holders 418 476 -12.2%
Opened positions 56 76 -26.3%
Closed positions 114 46 +147.8%
Increased positions 133 122 +9.0%
Reduced positions 161 197 -18.3%
13F shares
Current Prev Q Change
Total value 32.76B 56.84B -42.4%
Total shares 169.74M 163.46M +3.8%
Total puts 2.37M 1.3M +83.4%
Total calls 1.18M 2.31M -48.9%
Total put/call ratio 2.0 0.6 +259.0%
Largest owners
Shares Value Change
Vanguard 20.85M $557.85M +1.2%
FDx Advisors 19.49M $19.49M NEW
BLK BlackRock 13.61M $364.1M +5.7%
IVZ Invesco 10.52M $281.61M -2.0%
STT State Street 8.74M $233.84M -6.4%
Victory Capital Management 6.41M $171.42M +4.0%
Wellington Management 6.16M $164.75M -13.5%
LSV Asset Management 5.16M $138.09M -1.0%
Dimensional Fund Advisors 4.33M $115.79M +12.9%
Thrivent Financial For Lutherans 3.71M $99.3M -1.7%
Largest transactions
Shares Bought/sold Change
FDx Advisors 19.49M +19.49M NEW
Parnassus Investments 0 -1.93M EXIT
Norges Bank 0 -1.73M EXIT
Citadel Advisors 244.88K -1.71M -87.5%
Alliancebernstein 3.2M -1.6M -33.3%
JPM JPMorgan Chase & Co. 3.21M +1.31M +68.7%
Rothschild & Co Asset Management Us 0 -966.88K EXIT
Wellington Management 6.16M -957.59K -13.5%
Millennium Management 515.63K -871.84K -62.8%
Ensign Peak Advisors 906.17K -862.23K -48.8%

Financial report summary

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Risks
  • 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, leveraged and enterprise value lending, and oil and gas-related 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 United States.
  • 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 us.
  • Interest rates on the Bank’s financial instruments might be subject to change based on developments related to LIBOR, which could adversely impact the Bank’s revenue, expenses, and value of those financial instruments.
  • Changes in sources of liquidity and capital and liquidity requirements may limit our operations and potential growth.
  • We and/or the holders of our securities could be adversely affected by unfavorable rating actions from rating agencies.
  • 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 to the Bank that include, among other things, organizational restructurings, efficiency initiatives, and replacement or upgrades of certain core technological systems to improve our control environment, and operating efficiency. The ultimate success and completion of these changes, and their effect on the Bank, may vary significantly from initial planning, which could materially adversely affect the Bank.
  • Catastrophic events including, but not limited to, hurricanes, tornadoes, earthquakes, fires, floods, prolonged drought, and pandemics may adversely affect the general economy, financial and capital markets, specific industries, and the Bank.
  • We could be adversely affected by failure in our internal controls.
  • We could be adversely affected by financial technology advancements and other nontraditional lending and banking sources.
  • We use models in the management of the Bank. There is risk that these models are incorrect or inaccurate in various ways, which can cause us to make nonoptimal decisions.
  • We are subject to a variety of system failure and cyber security risks that could adversely affect our business and financial performance.
  • We outsource various operations to third party vendors which could adversely impact our business and operational 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 the Bank.
  • We could be adversely affected by accounting, financial reporting, and regulatory/compliance risk.
  • The value of our goodwill may decline in the future.
  • The Bank may not be able to utilize the DTA recorded on its balance sheet.
  • Laws and regulations applicable to the Bank and the financial services industry impose significant limitations on our business activities and subjects us to increased regulation and additional costs.
  • We could be adversely affected by legal and governmental proceedings.
  • The corporate and securities laws applicable to the Bank are not as well-developed as those applicable to a state-chartered corporation, which may impact the ability of the Bank to effect corporate transactions in an efficient and optimal manner.
  • Differences between the National Bank Act and state law requirements in respect of mergers could result in the Bank not being able 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 result in the Bank’s capacity to pay dividends and repurchase shares at any given time being different from the capacity 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 the Bank’s 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 the Bank 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.
  • The Bank’s 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 the Bank’s holding company prior to the restructuring.
  • The Bank is subject to restrictions on permissible activities that would limit the types of business it may conduct and that may make acquisitions of other financial companies more challenging.
  • The Bank’s common stock is not an insured deposit.
  • The Bank is presented with various reputational risk issues that could stem from operational, regulatory/compliance and legal risks.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This quarterly report on Form 10-Q includes "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations regarding future events or determinations, all of which are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, market trends, industry results or regulatory outcomes to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements include, among others:
  • •statements with respect to the beliefs, plans, objectives, goals, targets, commitments, designs, guidelines, expectations, anticipations, and future financial condition, results of operations and performance of Zions Bancorporation, National Association and its subsidiaries (collectively “Zions Bancorporation, N.A.,” “the Bank,” “we,” “our,” “us”), and statements concerning the potential effects of the COVID-19 pandemic on the Bank's businesses and financial results and condition; and
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Removed: accreted, arrive, arriving, automation, buyback, compression, constant, conversion, decided, developing, dilutive, disadvantaged, elimination, excluded, falling, frozen, lag, moderate, multiplier, postretirement, September, slightly, widespread