Zions Bancorporation’s 2025 revenues rise 8.1% to $3.43B
Zions Bancorporation reported 2025 net revenues of $3.43 billion, an 8.1% year-over-year increase driven by $2.63 billion in net interest income and a 26 bps NIM expansion to 3.31%. Management forecasts moderate 2026 NII growth supported by two 25 bps rate cuts, loan balance expansion, and higher fee income.
1. 2025 Financial Results
Zions Bancorporation generated net revenues (tax equivalent) of $3.43 billion in 2025, up 8.1% year over year. Net interest income reached $2.63 billion, reflecting an 8.1% increase, while net interest margin expanded by 26 basis points to 3.31% driven by earning asset remix and stabilizing funding costs.
2. Key Growth Drivers
Steady loan and deposit growth propelled revenue performance, with loans and leases rising at a 2.6% CAGR over five years. Fee income also contributed, posting a 5.7% CAGR from 2020 to 2025 as deposit-related services and lending activities gained traction.
3. 2026 Outlook
Management projects two 25 bps rate cuts in 2026 and anticipates modest NII growth supported by a favorable earning asset mix, loan and deposit expansion, and repricing of fixed-rate assets. Adjusted non-interest income is expected to improve moderately through increased client engagement, new client acquisition, and stronger capital markets activity.
4. Stock Performance & Ranking
Shares have declined 6.1% over the past three months, slightly outperforming the industry downturn of 6.8%. The company holds a Zacks Rank #3 (Hold), reflecting a neutral outlook on valuation and earnings potential.