Zions Bancorporation NA (NASDAQ: ZION) is a commercial banking company that provides lending, deposit, and financial services primarily to small- and medium-sized businesses across the United States. It earns revenue through net interest income on loans and investment securities, and through fee-based services including cash management, capital markets, and mortgage products. Zions operates through a network of affiliate bank divisions, including Amegy Bank, California Bank & Trust, and National Bank of Arizona, each serving distinct regional markets. As of December 31, 2025, Zions held $89.0 billion in total assets and maintained a CET1 capital ratio of 11.5%, exceeding the 7.0% minimum requirement with conservation buffer under the Basel III framework. The company competes with large national banks, regional banks, credit unions, finance companies, and nondepository financial institutions. Its competitive position rests on local market knowledge, branch and office network accessibility, and customer relationships built around commercial and small business banking.

Revenue model

Net interest income generated from commercial and industrial loans, owner-occupied real estate lending, SBA loans, and investment securities, supplemented by fee income from cash management, capital markets advisory, mortgage banking, and card services.

Products and services

Commercial and industrial lending, owner-occupied real estate lending, SBA 7(a) and 504 loan programs, municipal and public finance services, depository and cash management accounts, commercial and small business credit cards, mortgage products, capital markets services, and wealth management. Products are delivered through digital platforms and traditional branch channels.

Customers and end markets

Primarily small- and medium-sized businesses. Also serves municipal and public finance clients, individual consumers for mortgage and retail banking, and commercial real estate borrowers.

Value-chain role

Deposit-taking and credit-intermediation institution. Accepts customer deposits, deploys capital into commercial loans and investment securities, and provides transaction and treasury services to business clients.

Geographic exposure

United States regional banking footprint operated through affiliate bank divisions including Amegy Bank, California Bank & Trust (CB&T), and National Bank of Arizona (NBAZ), among others, each serving distinct geographic markets.

Competitors

Large national banks, Regional banks, Credit unions, Finance companies, Mutual fund providers, Insurance companies, Brokerage firms, Investment banks, Nondepository financial institutions, Fintech and nontraditional financial institutions

Source: SEC 10-K, filed 2026-02-24

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