Victory Capital Management Inc. Boosts Stake in Zions Bancorporation, N.A.

Institutional investor increases holding in regional bank by over 36% in Q3 2025.

Mar. 10, 2026 at 8:22am

Victory Capital Management Inc., a major investment management firm, increased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 36.5% during the third quarter of 2025, according to a recent SEC filing. The firm now owns 367,122 shares of the regional bank's stock, worth approximately $20.8 million.

Why it matters

Zions Bancorporation is a regional banking powerhouse based in Salt Lake City, Utah, with a focus on serving small and medium-sized businesses. Victory Capital's increased investment signals confidence in the bank's growth prospects and the strength of the regional banking sector.

The details

According to the filing, Victory Capital purchased an additional 98,140 shares of Zions Bancorporation during the third quarter, bringing its total stake to 367,122 shares. This represents approximately 0.25% of the bank's outstanding shares. The investment firm cited Zions' strong financial performance and growth potential as reasons for the increased investment.

  • Victory Capital Management Inc. filed its Q3 2025 13F report on March 10, 2026.

The players

Victory Capital Management Inc.

A major investment management firm that oversees over $150 billion in client assets.

Zions Bancorporation, N.A.

A regional bank headquartered in Salt Lake City, Utah, that provides commercial banking, retail banking, and wealth management services to individuals and businesses.

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The takeaway

Victory Capital's increased stake in Zions Bancorporation reflects the investment firm's confidence in the regional bank's ability to navigate the evolving financial landscape and capitalize on growth opportunities. This move underscores the continued strength and resilience of the regional banking sector.