ZIONS BANCORPORATION'S BOARD ANNOUNCES APPROVAL OF SHARE REPURCHASE

Rhea-AI Summary

Zions Bancorporation (NASDAQ: ZION) has announced that its board of directors has authorized a share repurchase program of up to $40 million for fiscal year 2025. The company, which operates in 11 western states, reported total assets of approximately $89 billion as of December 31, 2024, and achieved annual net revenue of $3.1 billion in 2024.

The financial services company operates under local management teams and distinct brands across Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Zions has been recognized for excellence in small- and middle-market banking, public finance advisory services, and Small Business Administration lending. The company is a component of both the S&P MidCap 400 and NASDAQ Financial 100 indices.

Positive

• Authorization of $40 million share repurchase program for 2025
• Strong asset base of $89 billion as of December 2024
• Solid annual net revenue of $3.1 billion in 2024
• Diverse geographical presence across 11 western states

Negative

• Relatively small buyback amount relative to company's market capitalization

News Market Reaction

+0.08%

1 alert

+0.08% News Effect

On the day this news was published, ZION gained 0.08%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SALT LAKE CITY, Feb. 24, 2025 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors ("board") authorized a share repurchase for fiscal year 2025 of up to $40 million.

Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2024, and annual net revenue of $3.1 billion in 2024. 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.

FOR: ZIONS BANCORPORATION                                             
One South Main Street                                                           
Salt Lake City, Utah                                                                 
Harris H. Simmons
Chairman/Chief Executive Officer

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SOURCE Zions Bancorporation

FAQ

How much is ZION's share repurchase program for 2025?

Zions Bancorporation's board has authorized a share repurchase program of up to $40 million for fiscal year 2025.

What was Zions Bancorporation's (ZION) total assets in 2024?

Zions Bancorporation reported total assets of approximately $89 billion as of December 31, 2024.

What was ZION's annual net revenue in 2024?

Zions Bancorporation achieved annual net revenue of $3.1 billion in 2024.

In how many states does ZION operate?

Zions Bancorporation operates in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Which stock market indices include ZION?

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