• Zions Bancorporation, National Association reported past fourth-quarter 2025 earnings with net interest income of US$683 million and net income of US$263 million, lifting diluted EPS from continuing operations to US$1.76 versus US$1.34 a year earlier.
• For 2025 as a whole, the bank’s net income rose to US$899 million and diluted EPS to US$6.01, alongside expanding net interest margin, strong deposit growth, and stable credit quality that collectively strengthened its capital position.
• We’ll now examine how this earnings beat, underpinned by an expanding net interest margin, shapes Zions Bancorporation’s broader investment narrative.

These 9 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.

What Is Zions Bancorporation National Association's Investment Narrative?

To own Zions Bancorporation, National Association, you really need to believe in a steady, spread‑driven regional bank story where disciplined balance sheet management matters more than headline growth. The latest earnings beat, with higher net interest income, expanding net interest margin and firm deposit growth, reinforces that thesis by showing the bank can improve profitability while keeping credit costs low and capital solid. In the near term, that strengthens key catalysts such as potential capital returns and confidence in the dividend, while slightly reducing concern about earnings pressure from funding costs. At the same time, the core risks do not disappear: Zions still faces sensitivity to interest rate shifts, competition for deposits and any turn in credit quality, even if this quarter’s figures make those risks feel less immediate than they did before the update.

However, investors should also weigh how quickly those strong credit metrics could change. Zions Bancorporation National Association's shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

Three fair value views from the Simply Wall St Community span from about US$65 to a very large upper figure, underlining how differently people are valuing Zions. Set that against the recent earnings beat, solid margin and capital position and you can see why opinions on the bank’s future performance are so varied, and why it is worth examining several perspectives before forming your own.

Explore 3 other fair value estimates on Zions Bancorporation National Association - why the stock might be a potential multi-bagger!

Build Your Own Zions Bancorporation National Association Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Zions Bancorporation National Association research is our analysis highlighting 5 key rewards that could impact your investment decision.
• Our free Zions Bancorporation National Association research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Zions Bancorporation National Association's overall financial health at a glance.

Contemplating Other Strategies?

Every day counts. These free picks are already gaining attention. See them before the crowd does:

• Explore 23 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.
• Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.