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) 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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Zions Bancorporation (NASDAQ: ZION) announced its earnings release dates for the fiscal year of 2021. The first quarter report will be released on April 19, 2021 at 5:30 p.m. ET, followed by the second quarter on July 19, 2021, the third quarter on October 18, 2021, and the fourth quarter on January 18, 2022. The public and analysts are invited to these conference calls, with access details available on the company's official website three weeks prior to each call.
Nevada State Bank has been recognized as the Best Bank in the Las Vegas Review-Journal’s Best of Las Vegas contest for 2020, marking its fourth consecutive year of accolades. Additionally, the bank received Silver awards for Best Wealth Management and Best Mortgage Lender. In Northern Nevada, it was honored as Best Bank/SBA Lender by the Northern Nevada Business Weekly. Furthermore, the bank won three Readers’ Choice Awards from the Elko Daily Free Press in various categories, showcasing its commitment to high service standards during challenging times.
California Bank & Trust has promoted Eric Ellingsen to the position of CEO, effective immediately. Having served over twenty years at the bank, Ellingsen will continue as president and oversee the bank's commercial division. His predecessor, David E. Blackford, transitions to executive chairman. Ellingsen's extensive experience includes roles in risk management and financial oversight. Under his leadership, the bank aims to maintain its strong financial performance, leveraging its $11 billion in assets and nearly 90 branches across California.
Harris Simmons, Chairman and CEO of Zions Bancorporation (NASDAQ: ZION), will present at the Goldman Sachs 2020 US Financial Services Conference on December 8 at 3:00 p.m. EST. The presentation will be available via live webcast on zionsbancorporation.com, with an archive accessible for 30 days post-event.
Zions Bancorporation reported annual net revenue of $2.8 billion in 2019 and manages over $7 billion in total assets. The bank serves 11 western states and ranks as the 9th largest provider of SBA Paycheck Protection Program loans.
Paul Burdiss, CFO of Zions Bancorporation (NASDAQ: ZION), will present at the Bank of America Securities 2020 Future of Financials Conference on November 10 at 1:40 p.m. EST. The presentation will be available via live webcast on the Zions Bancorporation website, which will also archive the event for 30 days.
Zions, with 2019 net revenue of $2.8 billion and total assets exceeding $78 billion, operates in 11 western states. The bank is a leader in customer satisfaction and a prominent player in small business lending and public finance.
Zions Bancorporation, N.A. (NASDAQ: ZION) has declared a quarterly dividend of $0.34 per common share, payable on November 19, 2020, to shareholders of record on November 12, 2020. Additionally, quarterly cash dividends for perpetual preferred shares have been announced, with Series A, G, H, and I dividends payable on December 15, 2020, and Series J dividends on March 15, 2021. Zions reported $2.8 billion in net revenue for 2019 and manages over $78 billion in total assets, operating across 11 western states.
Zions Bancorporation reported third-quarter net earnings of $167 million, or $1.01 per diluted share, down from $214 million or $1.17 per share in Q3 2019. Compared to Q2 2020, earnings increased from $57 million. The bank experienced weak loan demand due to the pandemic but noted record production in residential mortgages. Loan modifications affected 9% of borrowers, with 88% completing deferrals. Charge-offs were low at 0.38%. The bank aims to manage margin compression through disciplined expense control, maintaining healthy adjusted pre-provision net revenue.