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 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.