HIGHBuilt-inGeographic
77%
Utah, Idaho, Texas, and California
“10-K Item 1A: 'our banking operations in Utah, Idaho, Texas, and California represented 77% of our commercial lending portfolio'”
ZION · Concentration risk · 10-K extracted
Zions Bancorporation N.A. (ZION) concentration risks
Updated
The most significant concentration Zions Bancorporation N.A. discloses is Utah, Idaho, Texas, and California at 77%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Zions Bancorporation N.A.’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inRegulatory
OCC
“10-K Item 1: 'we are subject to the regulatory oversight of the Office of the Comptroller of the Currency ("OCC")'”
MEDIUMBuilt-inLoan_portfolio
real estate, oil and gas, and leveraged lending
“10-K Item 1A: 'We have a concentration of risk within our loan portfolio, including, but not limited to, loans secured by real estate, oil and gas-related lending, and leveraged and enterprise value lending'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is anchored by a high-share geographic lending concentration, compounded by a regulatory dependency and a moderate portfolio-level industry tilt. Banking operations in Utah, Idaho, Texas, and California represented 77% of the commercial lending portfolio — a large, high-share structural concentration by disclosed size. The character is structural: the bank has grown through a footprint strategy in these states, and the geographic skew reflects where the franchise was built and where it earns the most. A broad-based credit deterioration in those specific regional economies would flow through the dominant segment of the loan book with limited offset from other geographies. The bank operates under the regulatory oversight of the OCC as its primary regulator — a high-share structural exposure by disclosed size. This is a characteristic of the national bank charter rather than an unusual dependency, but it means supervisory priorities, capital guidance, and examination standards set by the OCC have outsized influence on the institution's operating latitude. Within the loan portfolio, there is a medium-share structural concentration in real estate, oil and gas, and leveraged lending — three sector categories that have historically exhibited elevated credit cycle sensitivity. This industry tilt means that a downturn specifically in commercial real estate, energy, or leveraged credit markets would affect a meaningful portion of the book beyond what the geographic footprint alone implies. Together, the geographic concentration and sector tilts reinforce each other: a regional economic downturn in the Southwest tied to energy or real estate weakness would stress both simultaneously.
For the engine’s reasoning on ZION’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| ZION● | Zions Bancorporation N.A. | 2 | 1 | 0 | 3 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.