What is the Zions Bancorporation Net Worth/ Market Cap in 2024: Finance Performance Overview

What is the Zions Bancorporation Net Worth/ Market Cap in 2024: Finance Performance Overview

Learn about Zions Bancorporation net worth and financial health. We’ll explore major revenue streams, asset management, and key financial metrics. Insights by Ando Money.

Quick Facts

NameZions Bancorporation
Full NameZions Bancorporation, N.A.
FoundersBrigham Young
Country/TerritoryUnited States
HeadquartersSalt Lake City, Utah
Chief Executive OfficerHarris H. Simmons
Number of Employees9,708
Market Cap$8.08 billion
Total Assets$54 billion
Total Equity$5.83 billion
Revenue$3.1 billion (2023)
Net Income$143 million (Q1 2024)

What is the Net Worth/ Market Cap of Zions Bancorporation in 2024?

What is the Net Worth/ Market Cap of Zions Bancorporation in 2024?

As of 2024, Zions Bancorporation boasts a market cap of $8.08 billion.

This places it among the substantial yet smaller financial institutions compared to giants like Wells Fargo with $208.41 billion, Citigroup at $98.45 billion, and Western Alliance Bancorporation with $7.20 billion.

Being a part of the top American banks list, Zions stands out with its strong regional presence and customer service excellence.

Despite being smaller, its strategic focus and robust financial performance make it a significant player in the banking sector.

See also  What is the NatWest Group Net Worth/ Market Cap in 2024: Finance Performance

Zions Bancorporation Financial Performance Overview

Zions Bancorporation Financial Performance Overview

Zions Bancorporation, with its net worth and strong financial status, reflects a resilient and growing institution. The bank’s financial health is evaluated through key metrics such as net earnings, equity, and asset quality.

As of Q1 2024, Zions reported net earnings of $143 million and a diluted EPS of $0.96. This is a decrease compared to the previous year’s first quarter, which saw net earnings of $198 million and a diluted EPS of $1.33.

However, there’s a notable improvement from the fourth quarter of 2023, which had net earnings of $116 million and a diluted EPS of $0.78.

Major Revenue Streams

Zions Bancorporation’s revenue streams are diverse, contributing significantly to its financial stability. The core banking operations remain the backbone, generating consistent income.

Investment income also plays a crucial role, with interest on loans and securities adding to the bank’s overall revenue.

Additionally, fees and commissions from various banking services provide a steady stream of noninterest income, which remained flat at $151 million in Q1 2024.

Asset Management and Investments

Effective asset management is key to Zions Bancorporation’s financial success. The bank’s investment securities are managed to optimize returns and ensure liquidity.

In Q1 2024, the total investment securities stood at $20.2 billion, a slight decrease from previous periods.

The loan portfolio is another critical asset, with loans and leases totaling $58.1 billion, reflecting a 3% increase from the previous year.

The net interest income from these loans was $586 million, although this marked a 14% decrease due to higher funding costs.

Impact of Noninterest Income

Noninterest income is a vital component of Zions’ overall revenue.

See also  What is the Truist Financial Net Worth/ Market Cap in 2024: Finance Performance Overview

In Q1 2024, this income remained stable at $151 million, with commercial account fees, card fees, and capital markets fees being significant contributors.

The stability in noninterest income highlights the bank’s ability to maintain diverse revenue streams despite fluctuations in interest rates and market conditions.

Operating Expenses and Efficiency

Managing operating expenses efficiently is crucial for maintaining profitability. In Q1 2024, Zions reported noninterest expenses of $526 million, a 3% increase from the previous year.

The bank’s efficiency ratio stood at 67.9%, up from 59.9% in Q1 2023, indicating higher costs relative to revenue.

Key areas of expenditure included salaries and employee benefits, technology, and regulatory expenses. Despite these increases, Zions has implemented strategies to control costs and enhance operational efficiency.

Capital and Liquidity Management

Zions maintains a strong capital base, essential for absorbing potential losses and supporting growth.

The Common Equity Tier 1 (CET1) capital ratio was 10.4%, up from 9.9% the previous year. This improvement reflects the bank’s prudent capital management and focus on maintaining a robust capital position.

Additionally, Zions manages its liquidity effectively, ensuring it can meet its short-term obligations and support ongoing operations.

Credit Quality and Risk Management

Maintaining high credit quality is a priority for Zions. The provision for credit losses in Q1 2024 was $13 million, down from $45 million the previous year.

The allowance for credit losses was 1.27% of loans and leases, slightly up from 1.20%.

The bank also saw an increase in nonperforming assets to $254 million, up from $173 million. Effective risk management practices are in place to mitigate potential losses and ensure the stability of the loan portfolio.

See also  What is the Wells Fargo Net Worth/ Market Cap in 2024: Finance Overview

Shareholder Equity and Dividends

Shareholder equity is a critical measure of the bank’s financial strength. As of Q1 2024, Zions Bancorporation’s total equity was $5.83 billion.

The bank has a consistent dividend policy, with a dividend of $0.41 per share. This policy reflects the bank’s commitment to returning value to shareholders while maintaining sufficient capital for growth and stability.

FAQs about Zions Bancorporation

FAQs about Zions Bancorporation

What is Zions Bancorporation?

Zions is a major financial services firm based in Salt Lake City, Utah. Founded in 1873, it operates through various local banks across 11 western states. These banks provide personalized services to their communities.

How is Zions structured?

Zions is a collection of locally managed banks. Each operates under its own brand. Notable banks include Amegy Bank and Zions Bank. This structure supports strong community ties.

What services does Zions provide?

Zions offers commercial and retail banking, mortgage lending, investment advice, and wealth management. It excels in Small Business Administration lending and public finance advisory.

Where does Zions operate?

Zions operates in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

What is Zions’ financial standing?

As of 2023, Zions reported $3.1 billion in net revenue and $87 billion in assets. Its stock trades on NASDAQ under the symbol ZION.

What recent mergers has Zions completed?

In 2018, Zions merged its holding company with its bank to improve efficiency and reduce regulatory costs.

What is Zions’ corporate responsibility approach?

Zions is dedicated to building strong communities. It focuses on community reinvestment, financial education, and supporting local businesses.

How has Zions been recognized?

Zions has won numerous Greenwich Excellence awards for its banking services, particularly in small business and middle-market banking.

How can investors get information?

Investors can visit Zions’ website for financial reports, stock data, press releases, and governance information. They can also sign up for investor alerts via email.

What career opportunities does Zions offer?

Zions offers diverse career opportunities across its network. It promotes equal employment opportunities and values diversity. Job listings are available on the company’s career portal.


Zions Bancorporation continues to show resilience and growth in 2024. Explore more about the biggest banks worldwide on andomoney.com.

Don’t forget to leave your comments, share this post, and read more content on our website!

Leave a Reply

Your email address will not be published. Required fields are marked *