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. (NASDAQ: ZION) is a regional commercial bank headquartered in Salt Lake City, Utah, and described by the company as one of the nation’s premier financial services institutions. Its news flow reflects its role as a mid-cap bank with operations across 11 western states, including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
News about Zions Bancorporation, N.A. frequently covers quarterly earnings results, conference calls, and related investor communications. The bank announces expected earnings release dates for each quarter and provides detailed third-party conference appearances, such as presentations at events hosted by Goldman Sachs, Barclays, and the BancAnalysts Association of Boston. These items help investors follow management’s public commentary and financial performance over time.
Dividend declarations on both common stock (ZION) and Series A preferred shares (ZIONP) are another recurring news category. The board of directors regularly announces quarterly dividends, including changes in dividend levels, along with record and payment dates. Capital markets activity, such as the pricing of fixed-to-floating rate senior notes, also appears in company press releases, outlining terms of the securities and intended uses of proceeds.
Leadership and governance developments feature in the news as well. Recent announcements include leadership transitions at Zions Bank, a division operating in Utah, Idaho, and Wyoming, and at Vectra Bank Colorado, a subsidiary brand within the Zions Bancorporation, N.A. family. These updates highlight changes in regional management and the company’s emphasis on local leadership within its distinct brands.
By following ZION news, readers can monitor earnings releases, dividend actions, debt offerings, executive appointments, and public presentations that shape the bank’s strategic direction and financial profile.
Zions Bancorporation (NASDAQ: ZION) has authorized a $125 million share repurchase for Q3 2021, enhancing shareholder value. The board also declared a regular quarterly dividend of $0.38 per common share, payable August 19, 2021. Shareholders of record will be those on August 12, 2021. Additionally, dividends on various perpetual preferred shares are scheduled, with the next payments on September 15, 2021. Zions has received necessary regulatory approval to proceed with the share buyback strategy, reflecting strong financial health with $2.8 billion in annual revenue and $85 billion in total assets.
Zions Bancorporation (NASDAQ: ZION) reported impressive financial results for Q2 2021, with net earnings of $345 million, or $2.08 per diluted share, significantly up from $57 million ($0.34 per share) in Q2 2020. Compared to Q1 2021's $314 million ($1.90 per share), earnings growth reflects strong credit performance and modest net recoveries on loans. The bank also released over $120 million from its allowance for credit losses, indicating lower expected future losses. Noninterest-bearing deposits rose sharply, and the CET1 ratio improved to 11.3%, showcasing a strong capital position.
Zions Bancorporation has expanded its Practice Pathways program to all 50 states, providing financial support for medical specialists looking to start or acquire practices. The program offers a variety of lending solutions, including practice acquisition loans and working capital loans, with a streamlined application process that ensures responses within 24 business hours. With a strong reputation, evidenced by 18 awards from Greenwich Associates in 2020, Zions aims to assist healthcare professionals in transitioning to business ownership.
Scott McLean, President & COO of Zions Bancorporation (NASDAQ: ZION), will present at the Barclays Americas Select Franchise Conference on May 18 at 9:00 a.m. ET. Interested parties can access a live webcast on the Zions Bancorporation website, with the session archived for 30 days post-event. Zions Bancorporation reported an annual net revenue of $2.8 billion in 2020 and holds over $85 billion in total assets. It ranks as a national leader in small business lending and is included in the S&P 500 and NASDAQ Financial 100 indices.
Zions Bancorporation (Nasdaq: ZION) has elected Maria Contreras-Sweet to its board of directors during its annual shareholder meeting. With a rich background as the 24th Administrator of the U.S. Small Business Administration and as an entrepreneur, Contreras-Sweet adds significant experience in supporting small and mid-sized businesses. Her history includes founding a community bank in Los Angeles, aiming to enhance capital access for diverse business groups. Chairman and CEO Harris H. Simmons emphasized her potential to strengthen Zions’ focus on these market segments.
Zions Bancorporation (NASDAQ: ZION) has announced a $100 million common share repurchase program for Q2 2021, demonstrating confidence in its financial health. The board declared a quarterly dividend of $0.34 per share, payable on May 20, 2021. Additionally, the company plans to redeem Series H perpetual preferred shares worth $126 million, expected during the second quarter of 2021. This move allows Zions to manage its capital effectively while maintaining attractive returns for shareholders.
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.
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