Zions Bancorporation N A Stock Price, News & Analysis

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.

Zions Bancorporation reported fourth-quarter 2021 net earnings of $207 million or $1.34 per diluted share, down from $275 million ($1.66 per share) a year earlier. Loan growth increased by $1.4 billion, marking an annualized growth rate of 11.7%. The bank maintained strong credit quality with a 0.01% charge-off rate. Average deposits surged 19.3% year-over-year, and the securities portfolio grew 43%. Zions will discuss these results in a conference call on January 24, 2022.

Nevada State Bank has been recognized as the "Best in State" for the fifth consecutive year, receiving top honors in multiple categories. The bank earned Gold for "Best Bank" and "Best Wealth Management," along with Silver for "Best Mortgage Lender" in the 2021 Las Vegas Review-Journal survey. Earlier in the year, it won similar accolades in the Reno Gazette Journal's poll. President Terry Shirey noted that these awards reflect the bank's commitment to service and community support over its 61-year history. Nevada State Bank is a division of Zions Bancorporation (NASDAQ: ZION).

Harris Simmons, Chairman & CEO of Zions Bancorporation (NASDAQ: ZION), will present at the Goldman Sachs US Financial Services Conference on Tuesday, December 7, at 3:40 p.m. EST. Investors can access a live webcast on the Zions Bancorporation website, which will be archived for 30 days. Zions Bancorporation reported an annual net revenue of $2.8 billion in 2020 and boasts over $85 billion in total assets. Operating across 11 western states, Zions is recognized for excellence in banking services and ranks as a top provider of SBA Paycheck Protection Program loans.

Zions Bancorporation has joined the RTP® network, allowing its clients to access real-time payments directly to their checking accounts. This new functionality offers immediate cash availability, enhancing control over cash flow for both businesses and consumers. The RTP network is the first major U.S. payments infrastructure in over 40 years, facilitating 24/7 transactions with rich data capabilities and instant confirmation. Zions, with $2.8 billion in annual revenue and over $85 billion in assets, operates across 11 states and is a leading provider in public finance and SBA lending.

Zions Bancorporation has authorized a share repurchase program for Q4 2021, allowing for up to $325 million, representing 3.2% of its market value. Additionally, a quarterly dividend of $0.38 per common share was declared, payable on November 18, 2021. Cash dividends for perpetual preferred shares will be distributed on various dates through December 2021 and March 2022. Zions boasts annual net revenue of $2.8 billion and total assets exceeding $85 billion, affirming its standing as a key player in the financial services industry.

Zions Bancorporation reported third quarter 2021 net earnings of $234 million ($1.45 per diluted share), up from $167 million ($1.01) in Q3 2020. However, this reflects a decrease from $345 million ($2.08) in Q2 2021. Loan growth, excluding PPP loans, was an encouraging 5.6% annualized, and deposits grew 9.3% annualized. The bank achieved net recoveries at 0.01% of total loans, supported by a reversal of loss reserves into income amounting to $46 million.

Vectra Bank Colorado has appointed Ryan Morrill as the new Municipal Finance Relationship Manager, enhancing the bank's municipal finance capabilities across Colorado and New Mexico. Morrill, who has six years of experience in municipal lending, will collaborate with various governmental entities to facilitate funding for essential community projects like schools and fire stations. With approximately $3 billion in assets, Vectra is part of the Zions Bancorporation family, serving its clients with a focus on building strong relationships.