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. (ZION) delivers essential financial services through regional brands across the Western U.S., specializing in commercial lending and community-focused banking. This page provides investors and stakeholders with direct access to official announcements and market-moving developments.
Track critical updates including quarterly earnings reports, regulatory filings, leadership changes, and strategic initiatives. Our curated collection ensures timely access to press releases on SBA loan programs, real estate financing innovations, and public finance advisory services.
Discover categorized updates on agricultural lending advancements, credit quality metrics, and technology implementations that enhance regional banking operations. Bookmark this resource for efficient monitoring of ZION's financial health and industry positioning.
California Bank & Trust (CB&T), a division of Zions Bancorporation, has announced an agreement to acquire four FirstBank branches in Palm Desert and Indio, California. The acquisition includes approximately $730 million in deposits and $420 million in loans. This move will expand CB&T's presence in Coachella Valley to six locations and add about 15,000 new customers, resulting in a 7% market share in the area.
The transaction is expected to be completed in the first quarter of 2025, subject to regulatory approval. CB&T will welcome FirstBank's California-based employees to its team. Both banks are committed to ensuring a smooth transition for customers and employees. A resource page has been launched at www.calbanktrust.com/firstbankwelcome to assist FirstBank customers during the transition.
Zions Bancorporation (NASDAQ: ZION) has announced that its Chairman and CEO, Harris Simmons, will present at the Barclays Global Financial Services Conference on September 10, 2024, at 12:00 pm Eastern. An audio webcast of the presentation will be available on the company's website and archived for 30 days.
Zions Bancorporation 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, it operates under local management teams and distinct brands across 11 western states. The bank is recognized for its customer service, public finance advisory services, and Small Business Administration lending. Zions is also included in the S&P 400 and NASDAQ Financial 100 indices.
Zions Bancorporation (NASDAQ: ZION) has announced its board's decision to declare a regular quarterly dividend of $0.41 per common share, payable on August 22, 2024, to shareholders of record as of August 15, 2024. The board also declared regular quarterly cash dividends on various perpetual preferred shares, payable September 15, 2024, to shareholders of record on September 1, 2024. This includes Series A, G, I, and J preferred shares.
Zions Bancorporation 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, it operates under local management teams across 11 western states and is recognized for its customer service, public finance advisory services, and Small Business Administration lending.
Zions Bancorporation (NASDAQ: ZION) reported net earnings of $190 million, or $1.28 per diluted common share, for Q2 2024. This marks an increase from $166 million ($1.11 per share) in Q2 2023 and $143 million ($0.96 per share) in Q1 2024. The bank highlighted improvements in net interest margin, expense management, and credit quality. Notably, tangible book value per share increased by 20% year-over-year.
Post-quarter, Zions completed a significant core processing system upgrade, implementing TCS's BaNCS™ platform across several of its banks. This marks the completion of their FutureCore project, positioning Zions at the forefront of real-time transaction processing and customer experience in the banking industry.
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