Zions Bancorporation, National Association Financial Ratios — ZIONO

Profitability (USD)

	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Return on Common Equity (%)	-27.31	-8.59	2.99	3.38	3.05	5.38	3.73	6.11	7.72	11.71	11.17	7.35	15.61	11.97	8.36
Return on Assets (%)	-2.29	-0.57	0.62	0.64	0.47	0.7	0.53	0.76	0.91	1.31	1.18	0.72	1.29	0.99	0.77
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	8.41	17.19	10.67	8.61	6.42	2.66	4.15	5.16	6.86	6.94	6.63	3.08	-0.48	3.49	4.49
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-64.09	-18.6	23.12	25.17	19.98	28.6	21.77	29.58	35.88	41.09	37.16	24.09	49.67	36.55	28.44
Profit Margin (%)	-48.02	-13.5	14.36	16.24	12.97	18.34	14.91	19.68	22.69	31.78	28.79	19.32	38.78	28.78	21.83
Net Income to Common Margin (%)	-52.09	-19.17	6.8	8.3	8.27	15.03	11.92	17.67	21.16	30.55	27.59	18.1	37.79	27.86	20.8
Effective Tax Rate (%)	- -	- -	38.1	35.71	35.18	35.88	31.49	33.48	36.75	22.66	22.51	19.79	21.92	21.27	23.25
Dvd Payout Ratio (%)	0.5	3.21	-9.45	-21.21	14.41	7.42	18.62	14.25	16.12	23.76	28.9	44.55	21.09	27.33	38.58
Sustainable Growth Rate (%)	-27.17	-8.31	3.27	4.1	2.61	4.98	3.04	5.24	6.48	8.93	7.94	4.08	12.31	8.7	5.13

Credit (USD)

API ChatGPT

	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Debt	2,154	2,109	2,025	2,343	2,274	1,093	812	1,035	3,983	5,224	2,723	1,336	1,012	7,751	2,067
ST Debt	121	166	70	5	- -	1	- -	500	3,600	4,500	1,000	- -	- -	7,100	1,525
LT Debt	2,033	1,943	1,954	2,337	2,274	1,092	812	535	383	724	1,723	1,336	1,012	651	542
Total Debt/EBITDA	10.11	5.66	8.42	12.65	17.41	18.95	9.45	8.41	22.25	27.07	14.48	15.53	-72.29	70.46	14.76
Net Debt/EBITDA	0.61	-9.1	-25.87	-29.59	-54.18	-120.08	-70.87	-9.06	14.82	20.68	6.76	-3.31	705	52.27	-1.01
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.05	9.9	9.78	9.67	10.09	11.35	11.29	11.14	10.94	10.56	9.75	8.59	7.62	8.45	9.11
Long-Term Debt/Equity (%)	35.6	29.22	27.99	38.64	35.17	14.82	10.82	7.01	4.99	9.55	23.43	16.94	13.56	13.3	9.52
Long-Term Debt/Capital (%)	24.49	21.08	20.36	26.45	25.46	12.71	9.7	6.09	3.25	5.55	17.17	15.02	11.83	4.13	5.19
Long-Term Debt/Total Assets (%)	3.98	3.81	3.68	4.21	4.06	1.91	1.36	0.85	0.58	1.05	2.49	1.64	1.09	0.73	0.62
Total Debt/Equity (%)	37.73	31.73	28.99	38.73	35.17	14.84	10.82	13.56	51.87	68.94	37.03	16.94	13.56	158.41	36.32
Total Debt/Capital (%)	25.95	22.88	21.09	26.51	25.46	12.73	9.7	11.77	33.75	40.02	27.14	15.02	11.83	49.19	19.78
Total Debt/Total Assets (%)	4.21	4.13	3.81	4.22	4.06	1.91	1.36	1.64	6.01	7.6	3.94	1.64	1.09	8.66	2.37
Net Debt to Equity	2.29	-51.03	-89.09	-90.58	-109.48	-94	-81.19	-14.59	34.54	52.67	17.29	-3.61	-132.25	117.51	-2.48
Net Debt/Capital (%)	2.08	-91.24	-459.2	-539.05	1,685.48	-1,213.21	-415.17	-16.77	25.33	33.77	14.8	-3.91	424.88	41.79	-1.71
EBITDA	213	373	240	185	131	58	86	123	179	193	188	86	-14	110	140
EBITDA-CapEx	116	294	163	116	42	-118	-71	-73	10	64	71	-85	-220	-80	27
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.05	9.9	9.78	9.67	10.09	11.35	11.29	11.14	10.94	10.56	9.75	8.59	7.62	8.45	9.11
Long-Term Debt/Equity (%)	35.6	29.22	27.99	38.64	35.17	14.82	10.82	7.01	4.99	9.55	23.43	16.94	13.56	13.3	9.52
Long-Term Debt/Capital (%)	24.49	21.08	20.36	26.45	25.46	12.71	9.7	6.09	3.25	5.55	17.17	15.02	11.83	4.13	5.19
Long-Term Debt/Total Assets (%)	3.98	3.81	3.68	4.21	4.06	1.91	1.36	0.85	0.58	1.05	2.49	1.64	1.09	0.73	0.62
Total Debt/Equity (%)	37.73	31.73	28.99	38.73	35.17	14.84	10.82	13.56	51.87	68.94	37.03	16.94	13.56	158.41	36.32
Total Debt/Capital (%)	25.95	22.88	21.09	26.51	25.46	12.73	9.7	11.77	33.75	40.02	27.14	15.02	11.83	49.19	19.78
Total Debt/Total Assets (%)	4.21	4.13	3.81	4.22	4.06	1.91	1.36	1.64	6.01	7.6	3.94	1.64	1.09	8.66	2.37
CFO/Total Liabilities	2.33	3.32	2.32	1.49	1.68	0.76	0.89	1.07	1.58	1.92	1.13	0.98	0.73	1.74	1.09
CFO/CapEx	10.9	18.61	13.76	10.69	9.43	2.16	2.96	3.04	5.49	9.12	5.96	4.2	3.05	7.74	7.83
Altman's Z-Score	0.09	0.07	0.07	0.07	0.07	0.08	0.08	0.09	0.1	0.11	0.12	0.11	0.11	0.13	0.14

Working Capital (USD)

API ChatGPT

	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

API ChatGPT

	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	2,023	5,500	8,245	7,821	9,350	8,020	6,906	2,148	1,330	1,233	1,448	1,617	10,878	1,997	2,204
+ Preferred Equity and Hybrid Capital	1,503	2,057	2,378	1,128	1,004	1,004	828	710	566	566	566	566	440	440	440
+ Minority/Non Controlling Interest	18	-1	-2	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	2,154	2,109	2,025	2,343	2,274	1,093	812	1,035	3,983	5,224	2,723	1,336	1,012	7,751	2,067
Enterprise Value	-2,004	-5,541	-7,076	-7,445	-9,774	-9,767	-12,909	-13,775	-11,942	-10,180	-11,884	-15,446	-33,474	-5,721	-10,023
Total Capital	8,301	9,218	9,600	8,837	8,930	8,591	8,374	8,791	11,801	13,052	10,033	8,897	8,555	15,756	10,450
Total Debt/Capital (%)	25.95	22.88	21.09	26.51	25.46	12.73	9.7	11.77	33.75	40.02	27.14	15.02	11.83	49.19	19.78
Total Debt / EV	-1.07	-0.38	-0.29	-0.31	-0.23	-0.11	-0.06	-0.08	-0.33	-0.51	-0.23	-0.09	-0.03	-1.35	-0.21
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	1,651	-1,336	-3,845	-4,353	-6,073	-5,923	-5,266	-403	3,219	4,557	1,841	285	-9,426	6,194	303
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	2,532	2,168	2,254	2,152	2,034	2,173	2,072	2,383	2,609	2,782	2,834	2,790	2,911	3,152	3,115
TTM EBITDA	213	373	240	185	131	58	86	123	179	193	188	86	-14	110	140
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	1,058	1,472	1,069	736	835	380	464	596	928	1,176	697	719	629	1,470	885
TTM Free Cash Flow to Firm	1,156	1,551	1,146	805	924	556	621	792	1,097	1,305	814	890	835	1,660	998

Multiples (USD)

API ChatGPT

	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-2,004	-5,541	-7,076	-7,445	-9,774	-9,767	-12,909	-13,775	-11,942	-10,180	-11,884	-15,446	-33,474	-5,721	-10,023
Low Price	- -	- -	- -	- -	22.88	23.15	25.1	24.44	26.48	24.2	25.1	16.68	25.78	24.84	16
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.65	- -	- -	- -	- -	- -	- -	- -	1.23	1.64	0.65	0.1	- -	1.97	0.1
EV/Sales High	0.65	- -	- -	- -	- -	- -	- -	- -	1.23	1.64	0.65	0.1	- -	1.97	0.1
EV/Sales Low	0.65	- -	- -	- -	- -	- -	- -	- -	1.23	1.64	0.65	0.1	- -	1.97	0.1
EV/EBITDA Average	7.75	-3.58	-15.99	-23.51	-46.49	-102.66	-61.23	-3.28	17.98	23.61	9.79	3.31	673.29	56.31	2.16
EV/EBITDA High	7.75	-3.58	-15.99	-23.51	-46.49	-102.66	-61.23	-3.28	17.98	23.61	9.79	3.31	673.29	56.31	2.16
EV/EBITDA Low	7.75	-3.58	-15.99	-23.51	-46.49	-102.66	-61.23	-3.28	17.98	23.61	9.79	3.31	673.29	56.31	2.16
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	11.38	13.47	14.44	15.62	16.83	16.54	19.5	19.88	20.74	21.07	22.95
High Price	- -	- -	- -	- -	27.8	26.51	28.47	33	30	27.37	29.23	29.42	29.66	26.68	25.85
Enterprise Value Average	1,651	-1,336	-3,845	-4,353	-6,073	-5,923	-5,266	-403	3,219	4,557	1,841	285	-9,426	6,194	303
Enterprise Value High	1,651	-1,336	-3,845	-4,353	-6,073	-5,923	-5,266	-403	3,219	4,557	1,841	285	-9,426	6,194	303
Enterprise Value Low	1,651	-1,336	-3,845	-4,353	-6,073	-5,923	-5,266	-403	3,219	4,557	1,841	285	-9,426	6,194	303

Shares Outstanding	150	183	184	184	185	203	204	203	198	188	165	164	152	149	148
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Zions Bancorporation, National Association

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)