Zions Bancorporation N A Stock Price, News & Analysis

Zions Bancorporation (NASDAQ: ZION) will conduct its Annual Meeting of Shareholders on Friday, May 5, 2023, at 1:00 p.m. Mountain Time. This virtual meeting allows shareholders of record to participate by voting and asking questions using a 16-digit control number from their proxy materials. Zions Bancorporation reported a net revenue of $3.2 billion for 2022, with total assets approximating $90 billion. The company operates across 11 western states and is recognized for its customer service in small and middle-market banking, public finance advisory, and SBA lending. Zions is also listed in the S&P 500 and NASDAQ Financial 100 indices. For more information, visit zionsbancorporation.com.

Zions Bancorporation (NASDAQ: ZION) reported net earnings of $198 million for Q1 2023, equating to $1.33 per diluted share, a rise from $195 million or $1.27 per share in Q1 2022. However, earnings decreased from $277 million or $1.84 per share in Q4 2022. Despite industry-wide concerns following recent bank failures, Zions reported deposits 18% above pre-pandemic levels. The bank maintained robust credit quality with no charge-offs, and its commercial real estate portfolio has grown steadily. However, a shift in funding mix is projected to reduce quarterly revenue run rates by about 4%, although cost management strategies may mitigate some impacts.

Collectors Holdings, Inc. has successfully secured a $125M revolving line of credit with a syndicate led by J.P. Morgan and KeyBanc Capital Markets, alongside California Bank & Trust. This financial move is expected to enhance the company's market position, providing the flexibility to pursue growth strategies and new investments, including a grading facility opening in Tokyo later this year. Collectors' CFO, Jason Harinstein, expressed optimism about leveraging this credit line for opportunistic investments. The partnership with J.P. Morgan and KeyBanc is viewed as a vote of confidence in Collectors' business model and its leadership's vision for the future.

Zions Bancorporation (NASDAQ: ZION) Chairman and CEO Harris Simmons will present at the RBC Capital Markets Global Financial Institutions Conference on March 8 at 8:40 am ET. A live webcast will be available on the company's website and archived for 30 days. In 2022, Zions reported $3.2 billion in net revenue and manages approximately $90 billion in total assets across 11 western states, including California, Texas, and Utah. Notably, the bank excels in small and middle-market banking and public finance advisory services, earning accolades in customer satisfaction.

Zions Bancorporation, N.A. (NASDAQ: ZION) announced a $50 million share repurchase program for Q1 2023, alongside a quarterly dividend of $0.41 per common share, payable on February 23, 2023. Additionally, dividends for various perpetual preferred shares were declared, with payments scheduled for March 15, 2023 and June 15, 2023. The bank secured necessary regulatory approval for these actions. With a net revenue of $3.2 billion in 2022 and total assets of approximately $90 billion, Zions operates in 11 western states and is included in the S&P 500 and NASDAQ Financial 100 indices.