Zions Bancorp

Zions Bancorporation self-identifies as one of the top energy banks nationally, with 30 years of specialization in oil and gas lending primarily through its Amegy Bank subsidiary in Texas. At the RBC Capital Markets Global Financial Institutions Conference (March 2025), President and COO Scott McLean disclosed $4 billion in commitments and $2 billion in outstandings to the oil and gas sector across approximately 70 reserve-based lending customers, with a stated goal to grow this portfolio 10% annually over the next 3-4 years. Zions also maintains $2 billion in commitments and $1.5 billion in outstandings to the power and alternative energy sector, and recently reintroduced an oil and gas hedging business targeting $5-10 million in annual revenue. Against total loans of $59.4 billion and total assets of approximately $89 billion, oil and gas outstandings alone represent roughly 3.4% of the loan book — a material concentration that management actively seeks to expand. The 10-K identifies oil and gas lending as a specific credit concentration risk alongside commercial real estate.