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Side-by-side financial comparison of VALLEY NATIONAL BANCORP (VLY) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $540.4M, roughly 1.6× VALLEY NATIONAL BANCORP). VALLEY NATIONAL BANCORP runs the higher net margin — 30.3% vs 29.5%, a 0.8% gap on every dollar of revenue. On growth, VALLEY NATIONAL BANCORP posted the faster year-over-year revenue change (13.0% vs 8.7%). Over the past eight quarters, VALLEY NATIONAL BANCORP's revenue compounded faster (16.0% CAGR vs 9.6%).
VALLEY NATIONAL BANCORPVLYEarnings & Financial Report
North Valley Bancorp was a bank holding company headquartered in Redding, California. The company operated 22 branches. The company was acquired by TriCo Bancshares in October 2014, in a merger valued at more than $178 million.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
VLY vs ZION — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $540.4M | $891.0M |
| Net Profit | $163.9M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 30.3% | 29.5% |
| Revenue YoY | 13.0% | 8.7% |
| Net Profit YoY | 54.6% | 21.8% |
| EPS (diluted) | $0.29 | $1.77 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $540.4M | — | ||
| Q4 25 | $464.9M | $891.0M | ||
| Q3 25 | $446.2M | $861.0M | ||
| Q2 25 | $432.4M | $838.0M | ||
| Q1 25 | $420.1M | $795.0M | ||
| Q4 24 | $423.0M | $820.0M | ||
| Q3 24 | $410.5M | $792.0M | ||
| Q2 24 | $401.7M | $777.0M |
| Q1 26 | $163.9M | — | ||
| Q4 25 | $195.4M | $263.0M | ||
| Q3 25 | $163.4M | $222.0M | ||
| Q2 25 | $133.2M | $244.0M | ||
| Q1 25 | $106.1M | $170.0M | ||
| Q4 24 | $115.7M | $216.0M | ||
| Q3 24 | $97.9M | $214.0M | ||
| Q2 24 | $70.4M | $201.0M |
| Q1 26 | — | — | ||
| Q4 25 | 47.7% | — | ||
| Q3 25 | 47.1% | — | ||
| Q2 25 | 40.0% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 30.9% | — | ||
| Q2 24 | 23.2% | — |
| Q1 26 | 30.3% | — | ||
| Q4 25 | 42.0% | 29.5% | ||
| Q3 25 | 36.6% | 25.8% | ||
| Q2 25 | 30.8% | 29.1% | ||
| Q1 25 | 25.2% | 21.4% | ||
| Q4 24 | 27.4% | 26.3% | ||
| Q3 24 | 23.8% | 27.0% | ||
| Q2 24 | 17.5% | 25.9% |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.33 | $1.77 | ||
| Q3 25 | $0.28 | $1.48 | ||
| Q2 25 | $0.22 | $1.63 | ||
| Q1 25 | $0.18 | $1.13 | ||
| Q4 24 | $0.20 | $1.34 | ||
| Q3 24 | $0.18 | $1.37 | ||
| Q2 24 | $0.13 | $1.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $2.6B | $1.5B |
| Stockholders' EquityBook value | $7.9B | $7.2B |
| Total Assets | $64.5B | $89.0B |
| Debt / EquityLower = less leverage | 0.33× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M |
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.8B | $7.2B | ||
| Q3 25 | $7.7B | $6.9B | ||
| Q2 25 | $7.6B | $6.6B | ||
| Q1 25 | $7.5B | $6.3B | ||
| Q4 24 | $7.4B | $6.1B | ||
| Q3 24 | $7.0B | $6.4B | ||
| Q2 24 | $6.7B | $6.0B |
| Q1 26 | $64.5B | — | ||
| Q4 25 | $64.1B | $89.0B | ||
| Q3 25 | $63.0B | $88.5B | ||
| Q2 25 | $62.7B | $88.9B | ||
| Q1 25 | $61.9B | $88.0B | ||
| Q4 24 | $62.5B | $88.8B | ||
| Q3 24 | $62.1B | $87.0B | ||
| Q2 24 | $62.1B | $87.6B |
| Q1 26 | 0.33× | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $196.6M | $1.1B | ||
| Q3 25 | $5.2M | $438.0M | ||
| Q2 25 | $159.2M | $-62.0M | ||
| Q1 25 | $-17.1M | $179.0M | ||
| Q4 24 | $392.2M | $1.1B | ||
| Q3 24 | $-157.2M | $119.0M | ||
| Q2 24 | $214.0M | $251.0M |
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $952.0M | ||
| Q3 25 | $2.3M | $413.0M | ||
| Q2 25 | $156.0M | $-93.0M | ||
| Q1 25 | $-20.2M | $152.0M | ||
| Q4 24 | $385.8M | $1.1B | ||
| Q3 24 | $-160.5M | $97.0M | ||
| Q2 24 | $211.3M | $234.0M |
| Q1 26 | — | — | ||
| Q4 25 | 40.3% | 106.8% | ||
| Q3 25 | 0.5% | 48.0% | ||
| Q2 25 | 36.1% | -11.1% | ||
| Q1 25 | -4.8% | 19.1% | ||
| Q4 24 | 91.2% | 128.2% | ||
| Q3 24 | -39.1% | 12.2% | ||
| Q2 24 | 52.6% | 30.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 13.6% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | 0.7% | 3.7% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 1.5% | 11.8% | ||
| Q3 24 | 0.8% | 2.8% | ||
| Q2 24 | 0.7% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 4.08× | ||
| Q3 25 | 0.03× | 1.97× | ||
| Q2 25 | 1.20× | -0.25× | ||
| Q1 25 | -0.16× | 1.05× | ||
| Q4 24 | 3.39× | 5.31× | ||
| Q3 24 | -1.61× | 0.56× | ||
| Q2 24 | 3.04× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
