Welcome to our dedicated page for Zions Bancorporation N A news (Ticker: ZION), a resource for investors and traders seeking the latest updates and insights on Zions Bancorporation N A stock.
Zions Bancorporation N.A. (ZION) delivers essential financial services through regional brands across the Western U.S., specializing in commercial lending and community-focused banking. This page provides investors and stakeholders with direct access to official announcements and market-moving developments.
Track critical updates including quarterly earnings reports, regulatory filings, leadership changes, and strategic initiatives. Our curated collection ensures timely access to press releases on SBA loan programs, real estate financing innovations, and public finance advisory services.
Discover categorized updates on agricultural lending advancements, credit quality metrics, and technology implementations that enhance regional banking operations. Bookmark this resource for efficient monitoring of ZION's financial health and industry positioning.
Zions Bancorporation (ZION) reported Q1 2021 net earnings of $314 million ($1.90 per diluted share), up from $275 million ($1.66) in Q4 2020 and $6 million ($0.04) in Q1 2020. The improved results reflect a more favorable credit environment and minimal net charge-offs. The bank facilitated $2.6 billion in PPP loans for over 24,000 customers, totaling nearly $10 billion in the past year. Deposits grew significantly as liquidity in the economy remained strong.
Zions Bancorporation (NASDAQ: ZION) plans to adopt AMERIBOR® as a replacement for LIBOR in its non-syndicated commercial loans. This change comes as LIBOR is being phased out globally, with U.S. regulators mandating banks to transition to alternative reference rates by December 31, 2021. AMERIBOR® reflects the actual borrowing costs of banks in the U.S. and has shown less volatility than LIBOR. Zions aims to initiate this transition in many credit contracts starting this summer, enhancing its lending operations.
Zions Bancorporation (Nasdaq: ZION) will conduct its Annual Meeting of Shareholders on April 30, 2021, at 1:00 p.m. MT. Shareholders can participate online via this link, using their 16-digit control number from proxy materials. Zions reported $2.8 billion in net revenue for 2020, with total assets exceeding $80 billion. The company is a leader in small and middle-market banking across 11 western states and ranked 9th in providing SBA Paycheck Protection loans in 2020.
Paul Burdiss, CFO of Zions Bancorporation (NASDAQ: ZION), will speak at the RBC Capital Markets Global Financials Conference on March 9 at 9:20 a.m. EST. A live webcast is available on the Zions website and will be archived for 30 days. In 2020, Zions reported annual net revenue of $2.8 billion and managed over $80 billion in assets, ranking as the 9th largest provider of SBA’s Paycheck Protection Program loans.
Zions Bancorporation (NASDAQ: ZION) has authorized a common stock repurchase of up to $50 million for Q1 2021. Additionally, the board declared a quarterly dividend of $0.34 per common share, payable on February 25, 2021, to shareholders of record by February 18, 2021. Cash dividends are also set for perpetual preferred shares, with payments scheduled on March 15, 2021, and June 15, 2021. Zions reported $2.8 billion in revenue for 2020 and operates across 11 western states, emphasizing its strong market position.
Harris Simmons, Chairman and CEO of Zions Bancorporation (NASDAQ: ZION), will speak at the KBW Winter Financial Services Symposium on February 10 at 9:30 a.m. EST. The session will be available via a live webcast on the Zions Bancorporation website. Zions Bancorporation reported $2.8 billion in annual net revenue for 2020, with total assets over $80 billion. The bank operates in 11 western states and is a recognized leader in public finance and small business lending, ranking 9th in providing SBA Paycheck Protection Program loans.
Zions Bancorporation (NASDAQ: ZION) reported a net earnings increase to $275 million ($1.66 per diluted share) for Q4 2020, up from $174 million ($0.97) in Q4 2019. For the full year, net earnings dropped to $505 million ($3.02 per share) compared to $782 million ($4.16) in 2019. Despite low interest rates, revenue was stable, and non-PPP loan volumes stabilized. Average deposits grew 10.6% quarter-over-quarter and 20.3% year-over-year. The CET1 ratio improved to 10.8%, reflecting strong capital position as the bank continues to support small businesses with PPP loans.
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