Zions Bancorporation N A Stock Price, News & Analysis

Zions Bancorporation has authorized a share repurchase of up to $50 million for Q2 2022, aiming to enhance shareholder value. Additionally, the board declared a $0.38 quarterly dividend per common share, payable on May 26, 2022, to shareholders on record by May 19, 2022. The company also announced cash dividends for its preferred shares, with Series A, G, and I dividends payable on June 15, 2022, and Series J on September 15, 2022. Zions reported annual net revenue of $2.9 billion in 2021, with total assets exceeding $90 billion.

Zions Bancorporation (NASDAQ: ZION) reported Q1 2022 net earnings of $195 million, or $1.27 per diluted share, down from $314 million ($1.90) in Q1 2021. The bank saw $1.2 billion in growth in average non-PPP loans, rising at an annualized rate of over 10%. Net interest income excluding PPP increased by over 17%. Credit quality remained strong with net charge-offs at 0.05% and a 7% drop in nonaccrual loans. However, operating costs rose due to compensation increases and inflationary pressures. The company expects stronger earnings as interest rates rise.

Zions Bancorporation (NASDAQ: ZION) will hold its Annual Meeting of Shareholders virtually on Friday, April 29, 2022, at 1:00 p.m. Mountain Time. Shareholders can participate by visiting this website. Record shareholders will have voting rights and can ask questions using their 16-digit control number found on their proxy materials. Zions reported $2.9 billion in net revenue in 2021 and manages over $90 billion in assets across 11 western states, being a key player in public finance and SBA lending.

Zions Bancorporation (NASDAQ: ZION) has announced its earnings release schedule for the fiscal year 2022. Key dates are set for the first quarter on April 25, second quarter on July 26, third quarter on October 24, and fourth quarter on January 23, 2023, with all calls at 5:30 p.m. ET. Zions reported $2.9 billion in net revenue for 2021 and total assets exceeding $90 billion. The company operates under various brands across 11 states and is recognized for its small and middle-market banking services.

Zions Bancorporation (NASDAQ: ZION) will have its President & COO, Scott McLean, present at the Raymond James Annual Investors Conference on March 7 at 9:15 a.m. EST. Investors can access a live webcast on zionsbancorporation.com, which will remain archived for 30 days. In 2021, Zions reported annual net revenue of $2.9 billion and boasts over $90 billion in total assets, operating across 11 western states. The bank is noted for its customer service excellence and significant SBA loan provision, ranking tenth nationwide in Paycheck Protection Program loans.

Nevada State Bank, a division of Zions Bancorporation (NASDAQ: ZION), has announced an agreement to acquire three branches from City National Bank located in Northern Nevada. The transaction includes $480 million in deposits and $110 million in loans, with the purchase expected to finalize in Q3 2022, pending regulatory approval. City National clients will maintain access to their accounts throughout the transition. This acquisition aims to enhance Nevada State Bank's market presence and service offerings in the region.

Zions Bancorporation has authorized a $50 million share repurchase for Q1 2022, reflecting confidence in shareholder value. Additionally, a quarterly dividend of $0.38 per common share was declared, payable on February 24, 2022, to shareholders of record on February 17, 2022. Cash dividends on preferred shares were also announced, with payments scheduled in March and June 2022. The company reported $2.9 billion in annual net revenue for 2021, highlighting its strong financial position with over $90 billion in total assets.