ZIONS BANCORPORATION'S BOARD ANNOUNCES APPROVAL OF SHARE REPURCHASE AND DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK

The fourth-quarter authorization forms part of the previously authorized $300 million share repurchase target for 2026.

Rhea-AI Summary

Zions Bancorporation (NASDAQ: ZION) authorized repurchases of up to $72 million of common stock for the fourth quarter of 2026. The authorization is part of its previously authorized $300 million repurchase target for 2026. Timing and amounts depend on market conditions, regulatory requirements and other factors.

The board also declared a regular quarterly common dividend of $0.48 per share, payable November 19, 2026, to holders of record November 12. A regular quarterly cash dividend on Series A perpetual preferred shares is payable December 15, 2026, to holders of record December 1.

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Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Common-stock repurchases authorized for fourth-quarter 2026 total up to $72 million, supporting capital returns.

Negative

• None.

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SALT LAKE CITY, Oct. 30, 2026 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors has authorized share repurchases of up to $72 million of the company's common stock for the fourth quarter of 2026 as part of the company's previously authorized share repurchase target for 2026 of $300 million. The timing and amounts of any such actions will depend on market conditions, regulatory requirements, and other factors or uncertainties and may be updated at the discretion of the board.

The board also declared a regular quarterly dividend of $0.48 per common share, payable November 19, 2026, to shareholders of record at the close of business on November 12, 2026.

Additionally, the board declared the regular quarterly cash dividend on the company's Series A perpetual preferred shares (NASDAQ: ZIONP; CUSIP: 98973A104). The cash dividends on the preferred shares are payable December 15, 2026, to shareholders of record on December 1, 2026.

Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com. 

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SOURCE Zions Bancorporation

FAQ

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How much stock did Zions authorize repurchasing for the fourth quarter of 2026?

Zions authorized repurchases of up to $72 million of common stock for the fourth quarter of 2026. This is part of the previously authorized $300 million repurchase target for 2026; timing and amounts depend on market conditions, regulatory requirements and other factors.

When will Zions pay its common and preferred stock dividends?

Zions will pay its $0.48 quarterly common dividend on November 19, 2026, to shareholders of record November 12, 2026. The regular quarterly cash dividend on Series A perpetual preferred shares is payable December 15, 2026, to shareholders of record December 1, 2026.