<ARTICLE> 9
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 1996 AND THE RELATED CONSOLIDATED
STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1996 WHICH HAVE BEEN
RESTATED.
</LEGEND>
<CIK> 0000109380
<NAME> ZIONS BANCORPORATION /UT/
<MULTIPLIER> 1,000
<CURRENCY> U.S.

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                         422,685
<INT-BEARING-DEPOSITS>                          47,854
<FED-FUNDS-SOLD>                               572,883
<TRADING-ASSETS>                                34,076
<INVESTMENTS-HELD-FOR-SALE>                    507,508
<INVESTMENTS-CARRYING>                       1,345,613
<INVESTMENTS-MARKET>                         1,354,759
<LOANS>                                      3,584,645
<ALLOWANCE>                                     72,040
<TOTAL-ASSETS>                               6,722,481
<DEPOSITS>                                   4,737,757
<SHORT-TERM>                                 1,046,871
<LIABILITIES-OTHER>                             84,820
<LONG-TERM>                                    325,281
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        91,421
<OTHER-SE>                                     436,331
<TOTAL-LIABILITIES-AND-EQUITY>               6,722,481
<INTEREST-LOAN>                                319,804
<INTEREST-INVEST>                              174,703
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                               494,507
<INTEREST-DEPOSIT>                             141,269
<INTEREST-EXPENSE>                             223,928
<INTEREST-INCOME-NET>                          270,579
<LOAN-LOSSES>                                    3,810
<SECURITIES-GAINS>                                 123
<EXPENSE-OTHER>                                220,514
<INCOME-PRETAX>                                158,379
<INCOME-PRE-EXTRAORDINARY>                     104,692
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   104,692
<EPS-BASIC>                                       1.74
<EPS-DILUTED>                                     1.72
<YIELD-ACTUAL>                                    4.47
<LOANS-NON>                                     11,681
<LOANS-PAST>                                     3,553
<LOANS-TROUBLED>                                   857
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                69,369
<CHARGE-OFFS>                                    9,432
<RECOVERIES>                                     5,727
<ALLOWANCE-CLOSE>                               72,040
<ALLOWANCE-DOMESTIC>                            55,394
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                         16,646