Zions Bancorporation N A Stock Price, News & Analysis

Zions Bancorporation (NASDAQ: ZION) has announced its board's declaration of quarterly dividends. Common shareholders will receive $0.43 per share, payable February 20, 2025, to shareholders of record as of February 13, 2025. The board also declared a regular quarterly cash dividend on Series A perpetual preferred shares (NASDAQ: ZIONP), payable March 17, 2025, to shareholders of record on March 1, 2025.

The company reported total assets of approximately $89 billion as of December 31, 2024, with annual net revenue of $3.1 billion in 2024. Zions operates in 11 western states and is recognized for its small and middle-market banking services, public finance advisory services, and Small Business Administration lending. The company is included in the S&P MidCap 400 and NASDAQ Financial 100 indices.

Zions Bancorporation (NASDAQ: ZION) reported Q4 2024 net earnings of $200 million, or $1.34 per diluted common share, compared to $116 million ($0.78 per share) in Q4 2023 and $204 million ($1.37 per share) in Q3 2024.

The bank's adjusted taxable-equivalent revenue increased 9% year-over-year, while adjusted noninterest expense rose 4%, resulting in a 19% increase in adjusted pre-provision net revenue. Net loan losses were higher at an annualized rate of 0.24%, with two-thirds attributed to a single commercial & industrial credit. Nonperforming loans decreased 18% from Q3, reaching 0.50% of total loans, though classified loans increased primarily in the commercial real estate portfolio.

Zions Bancorporation (NASDAQ: ZION) has announced its earnings release schedule for upcoming quarters through 2025. The financial results will be reported on: January 21, 2025 (Q4 2024), April 21, 2025 (Q1 2025), July 21, 2025 (Q2 2025), and October 20, 2025 (Q3 2025). All conference calls are scheduled for 5:30 p.m. ET (3:30 p.m. MT).

Zions Bancorporation (NASDAQ: ZION) has announced that Chairman and CEO Harris Simmons will present at the Goldman Sachs U.S. Financial Services Conference on December 10th at 3:00 pm Eastern. The presentation will be accessible via audio webcast on the company's website and remain available for 90 days.

Zions Bancorporation is a leading financial services company with $3.1 billion in 2023 net revenue and approximately $87 billion in total assets. Founded in 1873, the bank operates across 11 western states under local management teams. The company is recognized for excellence in small and middle-market banking, public finance advisory services, and SBA lending. Zions is included in the S&P 400 and NASDAQ Financial 100 indices.

Zions Bancorporation (NASDAQ: ZION) has priced a $500 million Fixed-to-Floating Rate Subordinated Notes offering due November 19, 2035. The notes carry a 6.816% interest rate for the fixed rate period until November 19, 2034, followed by Compounded SOFR plus 2.830% for the floating rate period. The company plans to use proceeds to reduce short-term borrowings and redeem preferred stock and other securities. Additionally, the board has authorized the full redemption of Series G, I, and J Preferred Stock totaling $373 million, and $88 million of 6.95% Fixed-to-Floating Rate Subordinated Notes due 2028.

Zions Bancorporation (NASDAQ: ZION) has announced its board's declaration of a regular quarterly dividend of $0.43 per common share, payable November 21, 2024, to shareholders of record as of November 14, 2024. The board also declared regular quarterly cash dividends on various perpetual preferred shares (Series A, G, I, and J), payable December 16, 2024, to shareholders of record on December 1, 2024. The company reported $3.1 billion in net revenue for 2023 and manages approximately $87 billion in total assets, operating across 11 western states.

Zions Bancorporation (NASDAQ: ZION) reported net earnings of $204 million, or $1.37 per diluted common share, for Q3 2024. This represents a 21% increase in earnings per share compared to Q3 2023. The bank's net interest margin improved to 3.03% from 2.93% a year ago, while operating costs increased by only 1%. Average noninterest-bearing demand deposits decreased 1.7% from the previous quarter but remained stable compared to the previous quarter's ending balance.

Despite a 66% increase in classified loans, primarily in multi-family residential loans, the bank expects credit losses to remain well-controlled. Zions also announced an agreement to purchase four FirstBank branches in California's Coachella Valley, which will add approximately $730 million in deposits and $420 million in loans to their portfolio.

Zions Bancorporation (NASDAQ: ZION) has announced that its Chief Financial Officer, Ryan Richards, will present at the BancAnalysts Association of Boston's Annual Bank Conference. The presentation is scheduled for Thursday, November 7 at 3:05 pm ET at the Langham Hotel in Boston. A live webcast of the session will be available on the company's website, zionsbancorporation.com, and will be archived for 30 days.

Zions Bancorporation, N.A. is a leading financial services company with $3.1 billion in net revenue for 2023 and approximately $87 billion in total assets. Founded in 1873, the bank operates under local management teams and distinct brands across 11 western states. Zions is recognized for its customer service in small and middle-market banking, as well as its leadership in public finance advisory services and Small Business Administration lending. The company is included in the S&P 400 and NASDAQ Financial 100 indices.

Snapdocs, a leading digital closing provider, has announced a collaboration with Zions Bancorporation (NASDAQ: ZION) to digitize mortgage closings. After just one month, Zions achieved over 75% adoption of hybrid closings across its network of banks in 11 western states. The partnership aims to enhance customer service and improve operational efficiency.

Key outcomes include a 100% eSign success rate, 100% scanback rate with settlement partners, and an 80% reduction in closing document errors. Zions has also implemented Snapdocs' new Funding Quality Control product, which uses AI to automate funding and post-closing quality control reviews, reducing manual review pages by 98%.

Zions plans to further increase adoption and implement eNote and Remote Online Notarization (RON) digital closings in the future.