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. 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) 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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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.
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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.