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

Rhea-AI Summary

Zions Bancorporation (NASDAQ: ZION) announced that its board authorized up to $75 million of common share repurchases for the third quarter of 2026, under a previously approved $300 million 2026 repurchase target. Execution will depend on market, regulatory, and other factors and may be adjusted by the board.

The board also declared a regular quarterly common dividend of $0.48 per share, payable August 20, 2026 to shareholders of record on August 13, 2026, a $0.03 (6.7%) increase from the prior quarter. In addition, it declared the regular quarterly cash dividend on Series A perpetual preferred shares (NASDAQ: ZIONP), payable September 15, 2026 to holders of record on September 1, 2026.

Positive

• $75 million Q3 2026 share repurchase authorization within $300 million 2026 target
• Quarterly common dividend raised $0.03 to $0.48 per share, up 6.7% QoQ
• Ongoing Series A preferred stock dividends with stated payment on September 15, 2026
• $89 billion total assets and $3.4 billion 2025 annual net revenue reported

Negative

• None.

Market Context

Recent insider activity was classified as Net Selling, while short positioning was classified as low...

Analysis

Recent insider activity was classified as Net Selling, while short positioning was classified as low. The announcement should be evaluated alongside those signals, with attention to repurchase timing, regulatory requirements, and execution.

Key Figures

Q3 repurchase authorization: $75 million 2026 repurchase target: $300 million Common dividend: $0.48 per share +5 more

8 metrics

Q3 repurchase authorization $75 million Third quarter of 2026

2026 repurchase target $300 million Previously authorized full-year target

Common dividend $0.48 per share Regular quarterly dividend

Dividend increase $0.03 Increase from the prior quarter

Dividend increase percentage 6.7% Increase from the prior quarter

Common dividend payment date August 20, 2026 Payable to shareholders of record August 13, 2026

Total assets Approximately $89 billion At December 31, 2025

Annual net revenue $3.4 billion 2025

Previous Buybacks,dividends Reports

2 past events · Latest: May 01 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
May 01	Buyback and dividends	Positive	-0.3%	Repurchase authorization and dividend declaration preceded a 0.25% 24-hour decline.
Jan 30	Buyback and dividends	Positive	+0.8%	Q1 repurchase authorization and dividend declaration preceded a 0.81% 24-hour gain.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-specific buyback and dividend announcements produced mixed reactions, with one alignment and one divergence.

Key Terms

perpetual preferred shares, cusip

2 terms

perpetual preferred shares financial

"the company's Series A perpetual preferred shares"

Perpetual preferred shares are a type of equity that pays regular, often fixed, dividends indefinitely and does not have a maturity date like a bond. They rank above common stock for dividends and in liquidation, so they can act like a steady-income hybrid between stock and bond; investors care because these shares offer ongoing income and higher priority in payouts but typically have limited upside and interest-rate and issuer-credit risk.

cusip technical

"CUSIP: 98973A104"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

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SALT LAKE CITY, July 30, 2026 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors has authorized share repurchases of up to $75 million of the company's common stock for the third 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 August 20, 2026, to shareholders of record at the close of business on August 13, 2026. The dividend represents a $0.03, or 6.7%, increase from the prior quarter.

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 September 15, 2026, to shareholders of record on September 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

What did Zions Bancorporation (NASDAQ: ZION) announce on July 30, 2026?

Zions Bancorporation announced a Q3 2026 share repurchase authorization and increased its quarterly common dividend. According to Zions Bancorporation, the board approved up to $75 million in buybacks and a $0.48 per-share dividend, plus the regular Series A preferred dividend.

How large is Zions Bancorporation’s 2026 share repurchase program for ZION stock?

Zions Bancorporation’s board authorized up to $75 million of common stock repurchases for Q3 2026. According to Zions Bancorporation, this forms part of a previously approved $300 million share repurchase target for 2026, with timing subject to market and regulatory conditions.

What is the new quarterly dividend for Zions Bancorporation (ZION) common stock in August 2026?

The new quarterly common dividend is $0.48 per share, a $0.03 increase from last quarter. According to Zions Bancorporation, it will be paid on August 20, 2026 to shareholders of record at the close of business on August 13, 2026.

When will Zions Bancorporation (ZION) pay its Q3 2026 common stock dividend?

Zions Bancorporation will pay its common stock dividend on August 20, 2026. According to Zions Bancorporation, shareholders must be on record by August 13, 2026 to receive the $0.48 per-share quarterly dividend declared by the board.

What dividend did Zions Bancorporation declare for its Series A preferred shares (ZIONP)?

Zions Bancorporation declared its regular quarterly cash dividend on Series A perpetual preferred shares. According to Zions Bancorporation, the preferred dividend will be paid on September 15, 2026 to shareholders of record on September 1, 2026.

How does Zions Bancorporation’s 2025 financial size support its ZION buybacks and dividends?

Zions Bancorporation reported approximately $89 billion in total assets and $3.4 billion in 2025 annual net revenue. According to Zions Bancorporation, these figures describe the company’s scale as it pursues a $300 million 2026 repurchase target and ongoing dividend payments.