Zions Bancorp: 9 Critical Numbers

Given that you clicked on this article, it seems safe to assume you either own stock in Zions Bancorp (NASDAQ: ZION  ) or are considering buying shares in the near future. If so, then you've come to the right place. The table below reveals the nine most critical numbers that investors need to know about Zions stock before deciding whether to buy, sell, or hold it.

But before getting to that, a brief introduction is in order. To paraphrase the bank's website, Zions originated as Keystone Insurance and Investment Company, a Utah Corporation, in April 1955. In April 1960, Keystone, together with several individual investors, acquired a 57.5% interest in Zions First National Bank from the Mormon Church. In 1965, the bank's name was changed to Zions Bancorp -- though, it operated as Zions Utah Bancorporation from 1966 to 1987. Zions subsequently went public in January 1966. At present, the Utah-based bank operates over 480 full-service banking offices in 10 states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington

As you can see in the table above, Zions is one of a handful of banks that are struggling to emerge completely from the financial crisis. While its nonperforming loans ratio is 13 basis points better than the industry average, at 1.71%, it's still far higher than it should be. In addition, its efficiency ratio exceeds many of the bank's peers, meaning that it costs Zions comparatively more to generate each dollar of revenue. And as a result, its return on equity is far below both the average and the ideal double-digit level that bank investors prefer to see.

On the other hand, the best that can be said about Zions at this point is that it pays out a generous 38% of its earnings via dividends and trades for a relatively paltry 1.19 times tangible book value -- though the latter is far from a bargain in the normal course of things.

Many investors are scared about investing in big banking stocks after the crash, but the sector has one notable stanout. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2351205, ~/Articles/ArticleHandler.aspx, 9/29/2016 9:35:50 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 19 minutes ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:00 PM
ZION $30.52 Down -0.33 -1.07%
Zions Bancorporati… CAPS Rating: ***