ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ New Standards Disclosure
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 Statement—Reporting Comprehensive Income—Expense 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, Intangibles—Goodwill and Other—Internal-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 commences once management has both authorized and committed to funding the project, and it is probable that the project will be completed, and requires consideration of development uncertainties. •Updated disclosure requirements. | Annual and interim periods beginning after December 15, 2027. | The overall effect of this standard is not expected to have a material impact on our consolidated financial statements. | |||||||||||||||||
ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans | This ASU broadens the population of financial assets subject to the gross-up method under Topic 326 to include all purchased seasoned loans (excluding credit cards), which are defined as: •Non-purchase credit deteriorated (“PCD”) loans acquired in a business combination. •Non-PCD loans acquired in an asset acquisition more than 90 days after their origination date. | Annual and interim periods beginning after December 15, 2026. | The overall effect of this standard is not expected to have a material impact on our consolidated financial statements. | |||||||||||||||||
ASU 2025-09, Derivatives and Hedging (Topic 815)—Hedge Accounting Improvements | This ASU introduces targeted improvements to accounting standards codification (“ASC”) Topic 815 to better align hedge accounting with common risk management strategies. The updates address multiple items, including the following: •Similar risk assessment for cash flow hedges. •Hedging interest payments on choose-your-rate debt. •Net written options as hedging instruments. | Annual and interim periods beginning after December 15, 2026. | The overall effect of this standard is not expected to have a material impact on our consolidated financial statements. | |||||||||||||||||
| Standards adopted by the Bank during 2025 | ||||||||||||||||||||
ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures | This ASU requires additional detailed information to improve the usefulness of income tax disclosures. This includes providing detailed annual disclosures on rate reconciliation and income taxes paid for specific categories and when certain quantitative thresholds are met. | Annual periods beginning January 1, 2025. | The overall effect of this standard did not have a material impact on our consolidated financial statements. | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 29, 2016 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.