Zions Bancorporation
Zions Bancorporation is a Salt Lake City-based regional bank holding company operating eight locally-branded affiliate banks across 11 western U.S. states, serving middle-market businesses, small businesses, and public-sector clients with commercial lending, treasury management, and wealth services.
- Company typePublic
- Founded1873
- HeadquartersSalt Lake City, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Zions Bancorporation does
Zions Bancorporation, National Association is a Salt Lake City-headquartered regional bank holding company founded in 1873, operating eight locally-branded affiliate banks (Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, The Commerce Bank of Washington, The Commerce Bank of Oregon) across 11 western U.S. states. The company primarily serves middle market businesses ($10-$500M annual sales), small businesses ($1-$10M), and public-sector clients with commercial lending, SBA lending, public finance advisory, treasury management, capital markets, and wealth management services. As of December 31, 2025, total assets stood at approximately $89 billion with $3.4 billion in annual net revenue, and the stock traded at $69.36 on NASDAQ: ZION (52-week range $46.19-$69.84).
Revenue is generated predominantly through net interest income, with a Q4 2025 net interest margin of 3.31%, supplemented by fee income from capital markets, advisory, treasury management, and wealth management. Zions completed a major core banking modernization in 2024, becoming the only U.S. bank to replace its core loan and deposit systems with a real-time unified data model on distributed infrastructure. Management describes this platform as the foundation for AI adoption, fintech API integration, and planned experimentation with stablecoins and tokenized deposits. Distribution is relationship-based through locally-managed affiliate brand networks with local decision-making, supported by a 400,000 square foot Zions Technology Center under joint CIO Margaret Mayer and Chief Transformation and Operations Officer Ken Collins.
Recent activity mixes offensive expansion and defensive cleanup. The bank announced the acquisition of Basis Multifamily Finance I's agency lending business for Fannie Mae DUS and Freddie Mac Optigo access (announced March 23, 2026), hired Mike Selfridge from Bessemer Trust and First Republic Bank to lead a wealth management expansion (effective June 1, 2026), and launched a VerityPay partnership for instant mobile B2C payments within treasury management (March 10, 2026). Offsetting these are an October 2025 $50 million charge-off related to loan irregularities at California Bank & Trust that triggered multiple securities class action investigations and a 13.14% stock decline, plus the June 2026 divestiture of Amegy Bank's factoring portfolio to Commercial Funding Inc. Q1 2026 results showed $232 million in net earnings, 2% loan and deposit growth, 19% YoY decline in classified loans, 19% YoY growth in tangible book value, and positive 2.7% operating leverage.
Zions Bancorporation firmographics
Firmographics- Name
- Zions Bancorporation
- Legal name
- Zions Bancorporation, National Association
- Website
- https://zionsbancorporation.com
- Company type
- Public
- Founded year
- 1873
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Zions Bancorporation is a Salt Lake City-based regional bank holding company operating eight locally-branded affiliate banks across 11 western U.S. states, serving middle-market businesses, small businesses, and public-sector clients with commercial lending, treasury management, and wealth services.
- Ownership category
- akta.pro rank
Zions Bancorporation industry classification
Industry- Product category
- Regional Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
Keywords
Where Zions Bancorporation is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Zions Bancorporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from lending activities minus interest paid on deposits and borrowings. Primary revenue driver with net interest margin of 3.31% in Q4 2025.
- Fee Income: Non-interest income from capital markets, advisory services, treasury management, wealth management, and other banking services. Growing component as bank invests in fee businesses.
- Agency Lending Programs: Revenue from Fannie Mae DUS and Freddie Mac Optigo multifamily lending programs through Basis acquisition, including mortgage servicing rights.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Banking services with relationship-based pricing |
Go-to-market motion3 records
Distribution channels1 record
Marketing channels4 records
Zions Bancorporation product offering
Product offeringCore offering
Zions Bancorporation is a regional bank holding company that operates eight locally-branded affiliate banks across 11 western US states, providing commercial lending, retail banking, SBA lending, public finance advisory, treasury management, wealth management, and multifamily agency lending through Fannie Mae DUS and Freddie Mac Optigo programs. It serves middle-market and small businesses, households, and local governments through relationship-based banking with a modernized core banking system.
Product overview
Zions Bancorporation operates as a Collection of Great Banks under distinct local brands (Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, The Commerce Bank of Washington, The Commerce Bank of Oregon) across 11 western US states. The company provides commercial and retail banking services including small business and middle-market banking, public finance advisory, SBA lending, treasury management, wealth management, and agency lending through Fannie Mae DUS and Freddie Mac Optigo programs. A modernized core banking system enables digital banking capabilities and fintech integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Banking
Quantifiable outcome
- Net charge-offs at 0.03% annualized in Q1 2026
- +4 more outcomes
Companies that use Zions Bancorporation
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles5 records
Zions Bancorporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature3 records
Zions Bancorporation partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Commercial Funding Inc. (CFI)minorCFI acquired Amegy Bank's factoring portfolio from Zions Bancorporation. Transaction diversifies CFI's client base across western and southwestern states and includes key servicing team members for continuity of existing clients.
- Basis Investment Group (Basis Multifamily Finance I, LLC)coreZions acquired Basis Multifamily Finance I's agency lending business including Fannie Mae DUS and Freddie Mac Optigo programs. The acquisition includes experienced team, agency lending programs, and mortgage servicing rights. A strategic partnership expands both companies' real estate financing and capital formation efforts, with Tammy K. Jones, CEO of Basis, continuing involvement.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Zions Bancorporation competitors and assessment
Company assessmentDirect peers
- Western Alliance Bancorporation: Direct competitor headquartered in Phoenix serving western U.S. middle-market and commercial clients; also entangled in the same Continuum Analytics/FBI matter as Zions, making it the closest regional comparable.
- Comerica Incorporated: Commercial-focused regional bank (HQ Dallas) with middle-market lending, treasury management, and CRE exposure across U.S. Sunbelt/mountain-west markets; similar business mix and credit profile.
Broad incumbents
- U.S. Bancorp: Large super-regional commercial bank with overlapping western U.S. presence and similar middle-market, treasury management, and CRE product sets; broader geographic footprint and larger balance sheet make it a scale benchmark.
- KeyCorp: Mid-cap super-regional with a commercial bank model emphasizing middle-market, SBA, and CRE lending; comparable scale, segment focus, and capital markets ambitions.
- Fifth Third Bancorp: Midwest-anchored super-regional with similar commercial/commercial-real-estate emphasis, treasury management, and payments franchise; a useful operating-leverage benchmark for Zions' modernization story.
- Regions Financial Corporation: Sunbelt-focused super-regional with comparable commercial, small-business, and treasury management offerings; provides a peer for net interest margin and credit cost trajectory.
- M&T Bank Corporation: Super-regional with strong commercial banking, CRE, and multifamily lending franchises; shares the agency-lending/middle-market profile that Zions is building toward.
Emerging players
- Huntington Bancshares: Mid-cap regional with an emphasis on middle-market and SBA lending, payments innovation, and digital banking investments; relevant comparable for Zions' technology modernization and treasury strategy.
Regional players
- Pacific Premier Bancorp: West Coast community bank focused on commercial, CRE, and SBA lending; smaller-scale competitor in overlapping geographies with similar niche specialization.
- BancorpSouth / Cadence Bank: Sunbelt regional bank delivering commercial, treasury, and capital markets services; comparable in asset size and segment focus to Zions' commercial banking franchise.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Zions Bancorporation social profiles
Digital presenceZions Bancorporation compliance and trust
Trust signalCompliance6 records
Zions Bancorporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zions Bancorporation leadership team
Management profileNumber of profiles
Profiles10 records
Zions Bancorporation subsidiaries and ownership
Company hierarchySubsidiaries8 records
Zions Bancorporation funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zions Bancorporation M&A and investment
M&A and investmentM&A5 records
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zions Bancorporation
What does Zions Bancorporation do?
Zions Bancorporation is a regional bank holding company that operates eight locally-branded affiliate banks across 11 western US states, providing commercial lending, retail banking, SBA lending, public finance advisory, treasury management, wealth management, and multifamily agency lending through Fannie Mae DUS and Freddie Mac Optigo programs. It serves middle-market and small businesses, households, and local governments through relationship-based banking with a modernized core banking system.
Is Zions Bancorporation a public or private company?
Zions Bancorporation is a public company. It is classified as public and is currently operating.
When was Zions Bancorporation founded?
Zions Bancorporation was founded in 1873. It employs 1,001 to 5,000 people.
Where is Zions Bancorporation based?
Zions Bancorporation is headquartered in Salt Lake City, United States, in the North America region.
How does Zions Bancorporation make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are fee Income and agency Lending Programs.
Who are Zions Bancorporation's main competitors?
Direct peers on record are Western Alliance Bancorporation and Comerica Incorporated. Broad incumbents are U.S. Bancorp, KeyCorp, Fifth Third Bancorp, Regions Financial Corporation and M&T Bank Corporation. Huntington Bancshares is listed as an emerging player. Regional players are Pacific Premier Bancorp and BancorpSouth / Cadence Bank.
Does Zions Bancorporation have an API?
No public API is recorded for Zions Bancorporation.
What industry is Zions Bancorporation in?
Zions Bancorporation's product category is Regional Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 52211 and its SIC code is 6021.