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 a board-approved common stock repurchase program of up to $225 million for the remainder of 2026, taking the full-year repurchase target to $300 million. The board also declared a $0.45 quarterly common dividend payable May 21, 2026, and a cash dividend on Series A perpetual preferred shares payable June 15, 2026. The company reported approximately $89 billion in total assets at Dec 31, 2025, and $3.4 billion annual net revenue for 2025. Repurchase timing depends on market conditions and regulatory requirements.

Positive

• $225M remaining share repurchase authorization for 2026
• Full-year buyback target increased to $300M
• Quarterly common dividend of $0.45 per share payable May 21, 2026
• Series A preferred dividend payable June 15, 2026
• Scale: $89B total assets and $3.4B net revenue in 2025

Negative

• Share repurchases are contingent on market conditions and regulatory requirements
• No forward earnings or capital guidance tied to the repurchase in the announcement

News Market Reaction – ZION

-0.25%

-0.25% Session close to close

In the May 1 session, ZION declined 0.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlighted the board’s decision to authorize additional share repurchases for 202...

Analysis

This announcement highlighted the board’s decision to authorize additional share repurchases for 2026 and to maintain regular dividends on both common and Series A perpetual preferred shares. It builds on prior capital return actions, using the company’s $89 billion asset base and $3.4 billion in 2025 net revenue as context. Investors monitoring this type of news typically focus on the pace of actual repurchases, sustainability of the $0.45 common dividend, and how these actions interact with earnings and regulatory requirements.

Key Figures

Repurchase authorization (remainder 2026): $225 million Full-year 2026 repurchase target: $300 million Quarterly common dividend: $0.45 per share +5 more

8 metrics

Repurchase authorization (remainder 2026) $225 million Board-authorized common stock repurchases for remainder of 2026

Full-year 2026 repurchase target $300 million Total 2026 common stock repurchase target including prior actions

Quarterly common dividend $0.45 per share Regular quarterly dividend declared, payable May 21, 2026

Common dividend record date May 14, 2026 Shareholders of record eligible for $0.45 dividend

Preferred dividend pay date June 15, 2026 Series A perpetual preferred quarterly cash dividend

Preferred dividend record date June 1, 2026 Record date for Series A perpetual preferred dividend

Total assets $89 billion Total assets at December 31, 2025

Annual net revenue 2025 $3.4 billion Net revenue for full-year 2025

Previous Buybacks,dividends Reports

1 past event · Latest: Jan 30 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 30	Buyback and dividends	Positive	+0.8%	Board approved $75M Q1 buyback and declared common and preferred dividends.

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

Pattern Detected

Prior buyback/dividend news saw a modest positive reaction, indicating the market has historically viewed these capital return actions constructively.

Recent Company History

This announcement continues Zions Bancorporation’s focus on returning capital through buybacks and regular dividends. A prior Jan 30, 2026 board action authorized up to $75 million of Q1 2026 repurchases and maintained a $0.45 quarterly common dividend, with preferred dividends also declared. The company has consistently highlighted its scale of about $89 billion in assets and $3.4 billion in 2025 net revenue, framing these capital actions against a sizeable regional banking platform. Today’s larger authorization extends that capital return framework for 2026.

Key Terms

share repurchases, perpetual preferred shares, cusip, s&p midcap 400, +1 more

5 terms

share repurchases financial

"board has authorized share repurchases of up to $225 million of the company's common stock"

Share repurchases occur when a company buys back its own shares from the open market. This process reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, share repurchases can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

perpetual preferred shares financial

"the company's Series A perpetual preferred shares (NASDAQ: ZIONP; CUSIP: 98973A104)"

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 financial

"Series A perpetual preferred shares (NASDAQ: ZIONP; 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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s&p midcap 400 technical

"In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices."

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

nasdaq financial 100 technical

"Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices."

A stock index that measures the performance of 100 large financial companies listed on the Nasdaq stock market, including banks, brokerages, asset managers, insurance firms and other finance-related businesses. It matters to investors because it acts like a single thermometer for the health of the financial sector, serves as a benchmark to compare funds and managers, and underlies index funds or ETFs that let investors buy broad financial-sector exposure without picking individual stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SALT LAKE CITY, May 1, 2026 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors ("board") has authorized share repurchases of up to $225 million of the company's common stock for the remainder of 2026, which would bring the full-year share repurchase target to $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 $0.45 per common share, payable May 21, 2026, to shareholders of record at the close of business on May 14, 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 June 15, 2026, to shareholders of record on June 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zions-bancorporations-board-announces-approval-of-share-repurchase-and-declares-dividends-on-common-and-preferred-stock-302760395.html

SOURCE Zions Bancorporation

FAQ

What share repurchase did Zions Bancorporation (ZION) authorize on May 1, 2026?

The board authorized up to $225 million in common stock repurchases for the remainder of 2026. According to Zions Bancorporation, that raises the full-year repurchase target to $300 million when combined with earlier repurchases.

When is ZION's next common dividend payment and what is the amount?

Zions declared a common dividend of $0.45 per share payable on May 21, 2026. According to Zions Bancorporation, shareholders of record at the close of business on May 14, 2026 are eligible for the payment.

What are the details for ZION's Series A preferred dividend in 2026?

Zions declared the Series A perpetual preferred cash dividend payable on June 15, 2026. According to Zions Bancorporation, the record date for the preferred dividend is June 1, 2026.

How large is Zions Bancorporation by assets and revenue as of 2025?

Zions reported approximately $89 billion in total assets and $3.4 billion in annual net revenue for 2025. According to Zions Bancorporation, these figures reflect company scale at Dec 31, 2025.

Will ZION's share repurchase be executed immediately or subject to conditions?

The repurchase timing and amounts will depend on market conditions, regulatory requirements, and other factors. According to Zions Bancorporation, the board may update the program at its discretion.