Zions Bancorporation N A - ZION STOCK NEWS

Zions Bancorporation (NASDAQ: ZION) reported Q1 2025 net earnings of $169 million, or $1.13 per diluted share, showing an 18% increase from $143 million ($0.96/share) in Q1 2024, but down from $200 million ($1.34/share) in Q4 2024.

Key highlights include a 16 basis point increase in net interest margin and a 10% rise in adjusted pre-provision net revenue. The quarter included an $0.11 per share tax charge due to Utah tax law changes affecting securities portfolio income. The bank completed acquisition of four California branches from FirstBank, adding $630 million in deposits and $420 million in loans.

Credit quality remained stable with nonperforming assets at 0.51% of loans and leases, and annualized net charge-offs at 0.11%.

Vectra Bank Colorado has appointed Jamie Burt as the new Colorado Springs and Pueblo Market President. Burt joins the Community Banking team with over 40 years of banking industry experience, most recently working in Commercial Real Estate at one of the nation's largest banks.

In his new role, Burt will lead a team of business bankers focused on community and business growth, bringing expertise in deal structuring and middle market knowledge. He holds a BA in Economics from Wheaton College and is a 2008 graduate of the Graduate School of Banking at the University of Wisconsin, Madison.

Burt is actively involved in professional organizations, including the Southern Colorado Commercial Brokers Association and National Association for Industrial and Office Parks, and has previously served on various community, non-profit, and finance organization boards.

California Bank & Trust (CB&T) has expanded its presence in the Coachella Valley through the successful acquisition of FirstBank's California banking operations. The integration includes four newly converted branches in the region, strengthening CB&T's 20-year presence in the area.

The expansion includes branches at 73000 Highway 111 and 42035 Washington Street in Palm Desert, 39580 Washington Street in Palm Desert, and 82900 Avenue 42 C in Indio. To celebrate this expansion, CB&T will host a Grand Opening Celebration on March 24, 2025, from 1 to 3 p.m. at its newly converted Palm Desert branch.

CB&T President and CEO Eric Ellingsen emphasized the bank's commitment to the region, focusing on delivering personalized financial solutions. The bank maintains its community involvement through partnerships with the Coachella Valley Firebirds, Fashion Week El Paseo, and the Palm Desert Food & Wine Festival.

Zions Bancorporation (NASDAQ: ZION) has been awarded 13 Coalition Greenwich Best Bank Awards for 2025, ranking third nationally in the middle market banking segment. The recognition is based on 25,000 market research interviews evaluating over 500 banks, with only 41 receiving awards for distinctive quality.

The bank, with $89 billion in total assets and $3.1 billion in net revenue for 2024, received awards across multiple categories including Overall Satisfaction, Trust, Customer Service, and Cash Management capabilities. Since 2009, Zions has accumulated 246 awards, maintaining its position as one of only four U.S. banks averaging 15+ middle market and small business awards annually.

The awards span both Middle Market ($10-$500 million annual sales) and Small Business ($1-$10 million annual sales) segments, reflecting customer satisfaction across 11 western states where Zions operates under local management teams.

Zions Bancorporation (NASDAQ: ZION) has announced that its board of directors has authorized a share repurchase program of up to $40 million for fiscal year 2025. The company, which operates in 11 western states, reported total assets of approximately $89 billion as of December 31, 2024, and achieved annual net revenue of $3.1 billion in 2024.

The financial services company operates under local management teams and distinct brands across Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Zions has been recognized for excellence in small- and middle-market banking, public finance advisory services, and Small Business Administration lending. The company is a component of both the S&P MidCap 400 and NASDAQ Financial 100 indices.

Zions Bancorporation (NASDAQ: ZION) has announced that President and COO Scott McLean will present at the RBC Capital Markets Global Financial Institutions Conference on March 4th, 2025, at 4:00 pm Eastern. The presentation will be accessible via audio webcast on the company's website, with a replay available after the event.

The company, with $89 billion in total assets as of December 31, 2024, and annual net revenue of $3.1 billion in 2024, operates across 11 western states under local management teams and distinct brands. Zions has earned recognition for excellence in small- and middle-market banking, public finance advisory services, and SBA lending. The company is a component of the S&P MidCap 400 and NASDAQ Financial 100 indices.

California Bank & Trust (CB&T) has announced a multi-year commitment as an elite Chrome Club Partner and Official Bank of San Diego Football Club (SDFC) ahead of its inaugural 2025 Major League Soccer season. As a Chrome Club sponsor, CB&T will receive exclusive benefits including an 'on the pitch' premier suite, title sponsorship of the May 31, 2025 home game against Austin FC, co-branded content features, and prominent signage at Snapdragon Stadium.

The partnership focuses on community development through initiatives in financial literacy, small business support, and youth leadership development. Key programs include exclusive small-business events, youth leadership programs, and financial education for SDFC players, staff, fans, and youth academy. CB&T will also integrate banking products and services into the club's ecosystem, offering customers exclusive soccer experiences and discounts throughout the season.

Zions Bancorporation (NASDAQ: ZION) has announced its board's declaration of quarterly dividends. Common shareholders will receive $0.43 per share, payable February 20, 2025, to shareholders of record as of February 13, 2025. The board also declared a regular quarterly cash dividend on Series A perpetual preferred shares (NASDAQ: ZIONP), payable March 17, 2025, to shareholders of record on March 1, 2025.

The company reported total assets of approximately $89 billion as of December 31, 2024, with annual net revenue of $3.1 billion in 2024. Zions operates in 11 western states and is recognized for its small and middle-market banking services, public finance advisory services, and Small Business Administration lending. The company is included in the S&P MidCap 400 and NASDAQ Financial 100 indices.

Zions Bancorporation (NASDAQ: ZION) reported Q4 2024 net earnings of $200 million, or $1.34 per diluted common share, compared to $116 million ($0.78 per share) in Q4 2023 and $204 million ($1.37 per share) in Q3 2024.

The bank's adjusted taxable-equivalent revenue increased 9% year-over-year, while adjusted noninterest expense rose 4%, resulting in a 19% increase in adjusted pre-provision net revenue. Net loan losses were higher at an annualized rate of 0.24%, with two-thirds attributed to a single commercial & industrial credit. Nonperforming loans decreased 18% from Q3, reaching 0.50% of total loans, though classified loans increased primarily in the commercial real estate portfolio.