Zions Bancorporation, N.A. reports regional banking developments for a bank operating through local management teams and distinct brands across western states. Company news centers on operating results, earnings drivers, credit quality, capital actions, common and preferred dividends, and share repurchase authorizations. Updates also cover commercial lending relationships, including credit facilities arranged through California Bank & Trust, as well as public finance advisory services, Small Business Administration lending, wealth management, and technology and operations leadership.
The company’s recurring announcements also include financial-institution conference presentations, business-banking recognition, and governance or management changes that affect its banking, wealth, and operations functions.
Zions Bancorporation (NASDAQ: ZION) authorized repurchases of up to $72 million of common stock for the fourth quarter of 2026. The authorization is part of its previously authorized $300 million repurchase target for 2026. Timing and amounts depend on market conditions, regulatory requirements and other factors.
The board also declared a regular quarterly common dividend of $0.48 per share, payable November 19, 2026, to holders of record November 12. A regular quarterly cash dividend on Series A perpetual preferred shares is payable December 15, 2026, to holders of record December 1.
California Bank & Trust, a division of Zions Bancorporation (ZION), appointed Michael MacDonald as president to oversee three banking businesses. Reporting to CEO Eric Ellingsen, he will oversee Commercial, Corporate and Specialty Industry banking and work with the leadership team on execution and market expansion across California. MacDonald will continue leading Zions Capital Markets and serving on Zions Bancorporation's Executive Management Committee.
Zions Bancorporation (NASDAQ: ZION) reported third-quarter 2026 net earnings applicable to common shareholders of $262 million, higher year over year. Diluted earnings per share were $1.78, versus $1.48 a year earlier and $3.05 in the second quarter of 2026. Net earnings compared with $221 million and $452 million, respectively.
Net loan charge-offs fell to $3 million from $56 million a year earlier. Customer deposits grew nearly 10% annualized from the second quarter, while loans were flat. Zions attributed flat loan growth to faster loan payoffs and competition. The bank completed its acquisition of Basis Multifamily Finance I, a subsidiary of Basis Investment Group, at the end of July.
Zions expects its moderately asset-sensitive balance sheet to support stronger net interest income in a higher-rate environment, and expects improvement in noninterest income to continue into next year.
Zions Capital Markets (ZION) has appointed Vince Toye as Managing Director, Head of Agency Multifamily Lending, following the close of its acquisition of the agency lending platform of Basis Multifamily Finance I, LLC. He assumed the role on August 31 and is tasked with building the agency business and its service capabilities within the Real Estate Capital Markets division.
The acquisition brings Basis’s agency lending team, capabilities, and all associated mortgage servicing rights to Zions, broadening its Real Estate Capital Markets line of business. It extends Zions’ direct lending activities via participation in the Fannie Mae DUS® program and Freddie Mac’s Optigo® Conventional program. Toye reports to David Auerbach, Head of Real Estate Capital Markets, and previously held senior community development and multifamily lending roles at JPMorgan Chase and Wells Fargo.
Zions Bancorporation (NASDAQ: ZION) announced that Chairman and CEO Harris Simmons will present at the Barclays Global Financial Services Conference on Tuesday, September 15, at 12:00 p.m. Eastern. An audio webcast will be available live and archived on the company’s website. Zions reports approximately $89 billion in total assets and $3.4 billion in annual net revenue for 2025, operating local brands across 11 western U.S. states.
Westlake Securities announced that it acted as exclusive financial advisor to SolvChem in securing an expanded senior credit facility from Amegy Bank, a division of Zions Bancorporation (NASDAQ: ZION), to fund SolvChem’s growth. The structure combines advancing term loans for constructing and equipping new production capacity with expanded revolving credit to support ongoing organic growth. This represents Westlake’s second transaction with SolvChem and is described as a multi-facility credit structure tied to a significant capital project. The release also highlights Amegy Bank’s Texas footprint, $14 billion in assets, and Westlake’s $6.7 billion in completed transactions.
Zions Bancorporation (NASDAQ: ZION) has completed its previously announced acquisition of the agency lending platform of Basis Multifamily Finance I, a subsidiary of Basis Investment Group. The deal covers the platform’s experienced team, capabilities, and all associated mortgage servicing rights.
The acquisition adds participation in the Fannie Mae DUS® and Freddie Mac Optigo® Conventional programs, enhancing Zions’ ability to finance multifamily owners, operators, and developers nationwide, including workforce and affordable housing. Zions, which reported approximately $89 billion in total assets and $3.4 billion in annual net revenue for 2025, used Zions Capital Markets and Allen Overy Shearman Sterling US LLP as its advisors, while Basis was advised by Beekman Advisors and Davis Polk & Wardwell LLP.
Zions Bancorporation (NASDAQ: ZION) announced that its board authorized up to $75 million of common share repurchases for the third quarter of 2026, under a previously approved $300 million 2026 repurchase target. Execution will depend on market, regulatory, and other factors and may be adjusted by the board.
The board also declared a regular quarterly common dividend of $0.48 per share, payable August 20, 2026 to shareholders of record on August 13, 2026, a $0.03 (6.7%) increase from the prior quarter. In addition, it declared the regular quarterly cash dividend on Series A perpetual preferred shares (NASDAQ: ZIONP), payable September 15, 2026 to holders of record on September 1, 2026.
Zions Bancorporation (NASDAQ: ZION) priced $500 million of fixed-to-floating rate senior notes (CUSIP 98971D AF7) due October 1, 2029, in a public offering exempt from registration under Section 3(a)(2). Settlement is expected on July 31, 2026, subject to customary conditions.
The notes carry a fixed annual rate of 5.239% until October 1, 2028, then a floating rate of Compounded SOFR plus 1.08%. Zions may redeem the notes in whole on October 1, 2028 at 100% of principal plus accrued interest. According to the company, net proceeds will be used to reduce short-term borrowings, and a receive-fixed fair value hedge has been executed for the fixed period, converting interest expense to a floating rate.
Zions Bancorporation (NASDAQ: ZION) reported second quarter 2026 net earnings applicable to common shareholders of $452 million, or $3.05 per diluted share, up from $243 million ($1.63) in Q2 2025 and $232 million ($1.56) in Q1 2026.
According to the company, EPS excluding net equity investment gains rose 10% to $1.74 from $1.58 a year earlier. Net equity investment gains totaled $215 million on Visa Class B-1 shares and $37 million on SBIC investments, contributing $1.12 and $0.19 per share, compared with $9 million, or $0.05 per share, in the prior-year quarter.
Customer-related noninterest income grew 11% year over year, driven by capital markets and other categories. Loans increased 3% from Q2 2025, with annualized linked-quarter growth of 8%. Deposits grew 4% year over year and were described as seasonally lower than in Q1 2026.
Tangible book value per share rose 22% to $44.74 from $36.81, and the Common Equity Tier 1 ratio improved to 11.8% from 11.0% a year ago. Annualized net charge-offs were 0.06%, which the company characterized as solid credit results. Zions scheduled a conference call on July 20, 2026, at 5:30 p.m. ET, with phone and webcast access via its website.