Financial Analysis

LONG-TERM DEBT The following schedule presents the components of our long-term debt: December 31, (In millions) 2025 2024 Subordinated notes $ 969 $ 946 Senior notes 499 Finance lease obligations 4 4 Total $ 1,472 $ 950 Long-term debt carrying values include the par value of the debt, adjusted for unamortized premiums or discounts, unamortized debt issuance costs, and fair value hedge basis adjustments. The increase in long-term debt from the prior year was primarily due to the issuance of $500 million in 4.70% Fixed-to-Floating Senior Notes with a maturity date of August 18, 2028, during the third quarter of 2025. During the fourth quarter of 2024, we entered into a receive-fixed interest rate swap designated as a hedge of the $500 million subordinated notes maturing in November 2035. In 2023, we terminated a receive-fixed interest rate swap that had been designated as a hedge of the $500 million subordinated notes maturing in October 2029. The remaining unamortized hedge basis adjustment from the terminated hedging relationship continues to be amortized into earnings through the contractual maturity of the hedged notes. The carrying values include any unamortized hedge basis adjustments. For additional information on derivatives designated as qualifying hedges, see Note 7. Subordinated Notes The following schedule presents our subordinated notes outstanding at December 31, 2025: (Dollar amounts in millions) Subordinated notes Coupon rate Carrying value Par amount Maturity d …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following schedule presents revenue from contracts with customers disaggregated by operating segment and reconciles those amounts to total noninterest income. Customer-related noninterest income from other sources represents revenue earned from customers that falls outside the scope of the applicable accounting guidance for revenue from contracts with customers. Zions Bank CB&T Amegy (In millions) 2025 2024 2023 2025 2024 2023 2025 2024 2023 Commercial account fees $ 60 $ 57 $ 55 $ 32 $ 31 $ 32 $ 61 $ 59 $ 56 Card fees 1 49 50 52 18 19 21 29 31 31 Retail and business banking fees 21 19 19 13 11 11 16 14 14 Capital markets fees and income 2 1 1 2 1 9 3 Wealth management fees 16 21 23 6 4 4 18 18 17 Other customer-related fees 8 9 8 10 8 7 5 6 7 Total noninterest income from contracts with customers 155 157 157 81 74 75 138 131 125 Customer-related noninterest income from other sources 33 24 24 38 39 35 39 34 37 Total customer-related noninterest income 188 181 181 119 113 110 177 165 162 Noncustomer-related noninterest income 2 6 11 7 8 6 12 10 22 Total noninterest income $ 190 $ 187 $ 192 $ 126 $ 121 $ 116 $ 189 $ 175 $ 184 NBAZ NSB Vectra (In millions) 2025 2024 2023 2025 2024 2023 2025 2024 2023 Commercial account fees $ 10 $ 11 $ 10 $ 12 $ 13 $ 12 $ 7 $ 7 $ 7 Card fees 1 16 15 15 16 16 16 9 10 9 Retail and business banking fees 9 9 8 11 10 10 4 3 4 Capital markets fees and income 2 Wealth management fees 4 3 3 7 6 5 2 2 1 Other customer-related fees 1 1 1 1 1 6 5 4 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

SHARE-BASED COMPENSATION We maintain a share-based compensation incentive plan that authorizes the granting of stock options, restricted stock, restricted stock units (RSUs), and other equity-based awards to employees and nonemployee directors. At December 31, 2025, a total of 7,100,000 shares were authorized under the plan, with 3,729,002 shares available for future grants. All share-based payments to employees, including stock option grants, are recognized as compensation expense based on their grant date fair values and reflect any associated service or performance vesting requirements. The fair value of an equity award is estimated on the grant date using an appropriate valuation model, which incorporates post-vesting restrictions, but excludes service or performance vesting conditions. All share-based awards are classified as equity instruments. Compensation expense is included in Salaries and employee benefits on the consolidated statement of income, with the corresponding equity effect included in shareholders equity. Forfeitures of share-based awards are recognized as they occur. Substantially all share-based awardsincluding stock options, restricted stock, and RSUsfeature graded vesting, which is recognized on a straight-line basis over the applicable vesting period. The following schedule presents compensation expense and the related tax benefit for all share-based awards: (In millions) 2025 2024 2023 Compensation expense $ 35 $ 31 $ 33 Reduction of income tax expen …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

FAIR VALUE Fair Value Measurement We measure certain assets and liabilities at fair value. Fair value represents the price that would be received to sell an asset or paid to transfer a liability (i.e., an exit price) in the principal market or most advantageous market available to us, in an orderly transaction between market participants as of the measurement date. To promote consistency and comparability, fair value measurements are categorized within a three-level hierarchy based on the observability of the inputs used, as outlined below. Observable market data is prioritized, and reliance on unobservable inputs in minimized. When quoted market prices are not available, fair value is determined using valuation models that incorporate assumptions that align with those that market participants would consider in pricing the asset or liability. Changes in market conditions may reduce the availability of observable inputs. The following fair value hierarchy prioritizes the use of observable inputs over unobservable inputs when measuring the fair value of assets and liabilities: Level 1 Quoted prices in active markets for identical assets or liabilities that we can access at the measurement date; Level 2 Observable inputs other than Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in less active markets, observable inputs other than quoted prices used in the valuation of an asset or …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill is recognized upon the completion of a business combination as the excess of the purchase price over the fair value of the identifiable net assets acquired. We evaluate goodwill for impairment annually as of October 1, or more frequently if events or circumstances suggest that the carrying amount may exceed its fair value. As part of this process, we may elect to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this assessment indicates a potential impairment, we then perform a quantitative analysis to measure the amount of any impairment. When the fair value of a reporting unit is below its carrying amount, an impairment loss is recognized for the difference. During the fourth quarter of 2025, we completed our annual goodwill impairment analysis using a qualitative approach. Based on this evaluation, we concluded that no impairment of goodwill existed for our reporting units. The following schedule presents the carrying amount of goodwill allocated to our operating segments with goodwill, along with the carrying values of our core deposit and other intangible assets, net of related accumulated amortization: December 31, (In millions) 2025 2024 Goodwill: Amegy $ 615 $ 615 CB&T 412 379 Zions Bank 20 20 Nevada State Bank 13 13 Total goodwill 1,060 1,027 Core deposits and other intangibles, net of accumulated amortiz …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXES Income Tax Expense and Effective Tax Rates The following schedule presents the primary components of income tax expense: (In millions) 2025 2024 2023 Federal: Current $ 182 $ 194 $ 168 Deferred 23 (9) Total federal 205 185 168 State: Current 47 41 47 Deferred 24 2 (9) Total state 71 43 38 Total income tax expense $ 276 $ 228 $ 206 The following schedule presents a reconciliation of income tax expense and the effective tax rate: 2025 2024 2023 (In millions) Income tax expense Effective tax rate Income tax expense Effective tax rate Income tax expense Effective tax rate U.S. federal statutory income tax $ 247 21.0 % $ 213 21.0 % $ 186 21.0 % State and local income taxes, net of federal income tax effects 1 57 4.9 39 3.9 29 3.3 Tax credits: Low-income housing tax credit investments 2 (9) (0.8) (9) (0.9) (6) (0.6) Other tax credits (2) (0.2) (1) (0.1) (2) (0.3) Nontaxable or nondeductible items: Disallowed interest expense 10 0.9 14 1.4 11 1.2 Tax-exempt interest (37) (3.2) (35) (3.5) (32) (3.5) Nondeductible FDIC premium expense 14 1.2 15 1.5 15 1.7 Other nontaxable or nondeductible Items (4) (0.3) (3) (0.3) (4) (0.5) Changes in unrecognized tax benefits (2) (0.2) (8) (0.8) 4 0.5 Other adjustments 2 0.2 3 0.3 5 0.5 Total $ 276 23.5 % $ 228 22.5 % $ 206 23.3 % 1 State taxes in California and Utah accounted for the majority of the tax effect within this category. 2 Low-income housing credits are presented net of related amortization. The effective tax rates for the pe …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASES We have operating and finance leases for branches, data centers, and corporate offices, including our headquarters in Salt Lake City, Utah. At December 31, 2025, we had 407 branches, with 278 owned and 129 leased. The remaining maturities of our lease commitments range from the year 2026 to 2062 , with some lease arrangements including options to extend or terminate the leases. Leases with terms longer than twelve months are reported as a lease liability with a corresponding right-of-use (ROU) asset. ROU assets for operating leases and finance leases are included in Other assets and Premises, equipment and software, net on the consolidated balance sheet, respectively. The corresponding liabilities for those leases are included in Other liabilities and Long-term debt, respectively. ROU assets and related lease liabilities represent the present value of the future minimum lease payments over the lease term as of the lease commencement date. Since most of our leases do not specify an implicit rate, we use our secured incremental borrowing rate, which is commensurate with the lease term, to calculate the present value of future payments. The ROU asset also includes lease prepayments, initial direct costs, amortization, and certain nonlease components such as maintenance, utilities, and tax payments. Our lease terms incorporate options to extend or terminate the lease when it is reasonably certain that such options will be exercised. The following schedule presents ROU asse …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Standard Description Effective date Effect on the financial statements or other significant matters Standards not yet adopted by the Bank as of December 31, 2025 ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40) This accounting standards update (ASU) requires additional disclosures of certain costs and expenses in both interim and annual reporting periods, including: Amounts of employee compensation, depreciation, selling costs, and intangible asset amortization included in certain expense lines presented on the face of the income statement within continuing operations. A qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. Annual periods beginning January 1, 2027; Interim periods beginning January 1, 2028. The overall effect of this standard is not expected to have a material impact on our consolidated financial statements. ASU 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40) This ASU modernizes the accounting treatment for internal-use software to better reflect current development practices, including agile and iterative approaches. Key provisions include: Elimination of Prescriptive Project Stages: The guidance no longer requires classification of costs by development phase, thereby removing rigid stage-based criteria. Capitalization Criteria: Capitalization of eligible software development costs commence …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

RETIREMENT PLANS Defined Contribution Plan We offer a 401(k) and employee stock ownership plan that allows employees to select from a variety of investment options. Employees may contribute up to 80% of their earnings, subject to the annual Internal Revenue Service (IRS) contribution limits. We match 100% of the first 3% of employee contributions and 50% of the next 3%. Matching contributions totaled $35 million in each of 2025, 2024, and 2023. The 401(k) plan also includes a discretionary, noncontributory profit-sharing component that may range from 0% to 3.5% of eligible compensation, based on our performance in accordance with a formula approved annually by the Board. Profit-sharing expense totaled $17 million, $14 million, and $16 million for 2025, 2024, and 2023, respectively. Profit-sharing contributions to participants were made in the form of shares of our common stock purchased in the open market. Defined Benefit Plans Supplemental Retirement Plans These unfunded, nonqualified plans cover certain current and former employees. Each year, we make contributions to the plans in amounts sufficient to satisfy benefit payments due to participants. Our liability for these plans was approximately $8 million and $9 million at December 31, 2025 and 2024, respectively. Post-retirement Plan This unfunded health care and life insurance plan provides post-retirement benefits to certain former full-time employees who meet specified age and service requirements. Our contribution towa …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue from contracts with customers, including noninterest income within the scope of the applicable accounting guidance, is recognized when control of the promised goods or services is transferred to the customer. Revenue is measured at an amount that reflects the consideration we expect to be entitled in exchange for those goods or services. Incremental costs of obtaining a contract are expensed as incurred when the related amortization period is one year or less. For performance obligations satisfied over time, when we have a right to consideration from a customer that directly corresponds with the value of services provided to date, revenue is generally recognized based on the amount we are entitled to invoice. We typically do not disclose information regarding remaining performance obligations when such obligations have an original expected duration of one year or less, or when revenue is recognized based on the invoiced amount. The following describes our revenue from contracts with customers: Commercial Account Fees Commercial account fee income primarily includes account analysis fees, merchant services fees, and payroll services income. Revenue is recognized as services are performed or upon their completion. Card Fees Card fee income primarily includes interchange fees from credit and debit card transactions, net fees from merchant card processing, and automated teller machine (ATM) service fees. Revenue from card fees is reco …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

OPERATING SEGMENT INFORMATION We provide a wide range of banking products and related services, primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Our operations are organized principally through seven separately managed affiliate banks, each operating under its own local brand and management team: Zions Bank, CB&T, Amegy, NBAZ, NSB, Vectra, and TCBW. These affiliate banks constitute our primary operating segments. Our affiliate model emphasizes local authority and accountability, including locally informed pricing and product customization, to maximize customer satisfaction, strengthen community relationships, and improve profitability and shareholder returns. At December 31, 2025, Zions Bank operated 92 branches in Utah, 25 branches in Idaho, and one branch in Wyoming. CB&T operated 77 branches in California. Amegy operated 76 branches in Texas. NBAZ operated 56 branches in Arizona. NSB operated 43 branches in Nevada. Vectra operated 33 branches in Colorado and one branch in New Mexico. TCBW operated two branches in Washington and one branch in Oregon. In 2025, all of the Banks assets and revenues were located in or derived from operations within the United States. In late March 2025, we purchased four FirstBank Coachella Valley, California branches and their associated deposit and loan accounts. In addition to the four branches, the purchase included approximately $630 million in d …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SHAREHOLDERS EQUITY Preferred Stock Our preferred stock is listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) Global Select Market under the ticker symbol ZIONP. We have 4.4 million authorized shares of preferred stock, without par value, each carrying a liquidation preference of $1,000 per share, or $25 per depositary share. All preferred shares have been issued in the form of depositary shares, with each depositary share representing a 1/40 th interest in a share of preferred stock. All outstanding preferred shares are registered with the Securities and Exchange Commission (SEC). Preferred shareholders generally have priority over common shareholders with respect to asset distributions; however, their voting rights are limited. Preferred dividends, which reduce earnings applicable to common shareholders, are payable on the 15th day of the months indicated in the accompanying schedule, subject to approval by our Board of Directors. The preferred shares are redeemable at our option after the expiration of any applicable redemption restrictions. The redemption price equals the per-share liquidation preference plus any declared but unpaid dividends. Any redemption is subject to applicable regulatory requirements, including the requirement to remain well capitalized. The following schedule presents the components of our preferred stock: (Dollar amounts in millions) Carrying value at December 31, Shares at December 31, 2025 Dividends payable Ea …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

The following schedule presents revenue from contracts with customers and provides a reconciliation to total noninterest income by operating business segment for the three months ended September 30, 2025 and 2024. Customer-related noninterest income from other sources represents revenue earned from customers that is not within the scope of the applicable accounting guidance for revenue from contracts with customers. Zions Bank CB&T Amegy (In millions) 2025 2024 2025 2024 2025 2024 Commercial account fees $ 15 $ 15 $ 8 $ 8 $ 15 $ 15 Card fees 1 12 12 4 5 8 8 Retail and business banking fees 6 5 4 3 4 4 Capital markets fees and income 2 1 Wealth management fees 4 5 2 1 5 4 Other customer-related fees 2 2 2 2 1 1 Total noninterest income from contracts with customers 39 39 21 19 33 32 Customer-related noninterest income from other sources 10 7 9 10 13 10 Total customer-related noninterest income 49 46 30 29 46 42 Noncustomer-related noninterest income 1 2 3 2 Total noninterest income $ 49 $ 46 $ 31 $ 31 $ 49 $ 44 NBAZ NSB Vectra (In millions) 2025 2024 2025 2024 2025 2024 Commercial account fees $ 3 $ 3 $ 3 $ 3 $ 2 $ 2 Card fees 1 4 4 4 4 2 2 Retail and business banking fees 2 2 3 3 1 1 Capital markets fees and income 2 1 Wealth management fees 1 1 2 2 1 1 Other customer-related fees 1 1 Total noninterest income from contracts with customers 10 10 12 12 8 7 Customer-related noninterest income from other sources 2 1 1 1 Total customer-related noninterest income 12 11 13 12 9 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

FAIR VALUE Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. For more information about our valuation methodologies for assets and liabilities measured at fair value, as well as the fair value hierarchy, see Note 3 of our 2024 Form 10-K. Fair Value Hierarchy The following schedule presents assets and liabilities measured at fair value on a recurring basis: (In millions) September 30, 2025 Level 1 Level 2 Level 3 Total ASSETS Trading securities $ $ 134 $ $ 134 Available-for-sale securities: U.S. Treasury, agencies, and corporations 1,311 6,861 8,172 Municipal securities 973 973 Other debt securities 25 25 Total available-for-sale 1,311 7,859 9,170 Loans held for sale 126 126 Other noninterest-bearing investments: Bank-owned life insurance 571 571 Private equity investments 1 11 135 146 Other assets: Agriculture loan servicing 19 19 Deferred compensation plan assets 152 152 Derivatives 353 353 Total assets $ 1,474 $ 9,043 $ 154 $ 10,671 LIABILITIES Fed funds and other short-term borrowings: Securities sold, not yet purchased $ 252 $ $ $ 252 Other liabilities: Derivatives 257 257 Total liabilities $ 252 $ 257 $ $ 509 (In millions) December 31, 2024 Level 1 Level 2 Level 3 Total ASSETS Trading securities $ $ 35 $ $ 35 Available-for-sale securities: U.S. …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

INCOME TAXES The effective income tax rate was 22.1% for the third quarter of 2025, compared with 22.7% for the third quarter of 2024. For the nine months ended September 30, the effective tax rates were 23.9% in 2025 and 23.5% in 2024. The tax rates during these periods were increased by the nondeductibility of certain Federal Deposit Insurance Corporation (FDIC) premiums, specific executive compensation, and other fringe benefits. While the FDIC insurance premiums are not deductible for tax purposes, FDIC special assessments are tax deductible. Conversely, the tax rates were reduced by nontaxable municipal interest income and nontaxable income from certain bank-owned life insurance policies. The tax rates for the nine months ended September 30, 2025 were further impacted by the enactment of new state tax legislation across multiple jurisdictions during the first and second quarters of 2025. These legislative changes required a revaluation of our net deferred tax asset (DTA), which primarily arises from unrealized losses in AOCI on certain securities. At September 30, 2025 and December 31, 2024, our net DTA totaled $756 million and $904 million, respectively. The net DTA or deferred tax liability (DTL) is included in either Other assets or Other liabilities, respectively, on the consolidated balance sheet. We regularly evaluate DTAs to determine whether a valuation allowance is required, applying a more-likely-than-not threshold for realization. Based on this evaluation, man …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASES We have operating and finance leases for branches, data centers, and corporate offices, including our headquarters in Salt Lake City, Utah. At September 30, 2025, we had 408 branches, with 278 owned and 130 leased. The remaining maturities of our lease commitments range from the year 2025 to 2062 , with some lease arrangements including options to extend or terminate the leases. Leases with terms longer than twelve months are reported as a lease liability with a corresponding right-of-use (ROU) asset. ROU assets for operating leases and finance leases are included in Other assets and Premises, equipment and software, net on the consolidated balance sheet, respectively. The corresponding liabilities for those leases are included in Other liabilities and Long-term debt, respectively. For more information about our lease policies, see Note 8 of our 2024 Form 10-K. The following schedule presents ROU assets and lease liabilities with the associated weighted average remaining life and discount rate: (In millions) September 30, 2025 December 31, 2024 Operating leases ROU assets, net of amortization $ 205 $ 188 Lease liabilities 256 240 Finance leases ROU assets, net of amortization 3 3 Lease liabilities 3 4 Weighted average remaining lease term (years) Operating leases 9.6 9.9 Finance leases 14.9 15.6 Weighted average discount rate Operating leases 4.0 % 3.8 % Finance leases 3.1 % 3.1 % The following schedule presents additional information related to lease expense: Three Mo …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Standard Description Effective date Effect on the financial statements or other significant matters Standards not yet adopted by the Bank as of September 30, 2025 ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40) This accounting standards update (ASU) requires additional disclosures of certain costs and expenses in both interim and annual reporting periods, including: Amounts of employee compensation, depreciation, and intangible asset amortization included in certain expense lines presented on the face of the income statement within continuing operations. A qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. The Bank's definition and amount of selling costs. Annual periods beginning January 1, 2027; Interim periods beginning January 1, 2028 The overall effect of this standard is not expected to have a material impact on our consolidated financial statements. ASU 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40) This ASU modernizes the accounting treatment for internal-use software to better reflect current development practices, including agile and iterative approaches. Key provisions include: Elimination of Prescriptive Project Stages: The guidance no longer requires classification of costs by development phase, thereby removing rigid stage-based criteria. Capitalization Criteria: Capitalization of eligible …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

REVENUE FROM CONTRACTS WITH CUSTOMERS Noninterest income and revenue from contracts with customers are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. We recognize noninterest income from certain contracts with customers upon satisfaction of the related contractual performance obligations. For more information regarding revenue from contracts with customers, see Note 17 of our 2024 Form 10-K. Disaggregation of Revenue The following schedule presents revenue from contracts with customers and provides a reconciliation to total noninterest income by operating business segment for the three months ended September 30, 2025 and 2024. Customer-related noninterest income from other sources represents revenue earned from customers that is not within the scope of the applicable accounting guidance for revenue from contracts with customers. Zions Bank CB&T Amegy (In millions) 2025 2024 2025 2024 2025 2024 Commercial account fees $ 15 $ 15 $ 8 $ 8 $ 15 $ 15 Card fees 1 12 12 4 5 8 8 Retail and business banking fees 6 5 4 3 4 4 Capital markets fees and income 2 1 Wealth management fees 4 5 2 1 5 4 Other customer-related fees 2 2 2 2 1 1 Total noninterest income from contracts with customers 39 39 21 19 33 32 Customer-related noninterest income from other sources 10 7 9 10 13 10 Total customer-related noninterest income 49 46 30 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

OPERATING SEGMENT INFORMATION We manage our operations with a focus on geographic area, primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. We conduct our operations primarily through seven separately managed affiliate banks, each with its own local branding and management team: Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington. These affiliate banks comprise our primary operating segments. We emphasize local authority, responsibility, pricing, and customization of certain products to maximize customer satisfaction, strengthen community relations, and improve profitability and shareholder returns. At September 30, 2025, Zions Bank operated 93 branches in Utah, 25 branches in Idaho, and one branch in Wyoming. CB&T operated 77 branches in California, including the four FirstBank Coachella Valley, California branches we acquired in late March 2025. Amegy operated 76 branches in Texas. NBAZ operated 56 branches in Arizona. NSB operated 43 branches in Nevada. Vectra operated 33 branches in Colorado and one branch in New Mexico. TCBW operated two branches in Washington and one branch in Oregon. During the first nine months of 2025, all of the Bank's assets and revenues were located in or derived from operations within the United States. We focus on serving customers in the communities where we op …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing