Zions Bancorpora Stock Price, News & Analysis

Zions Bancorporation, N.A. Depositary Shares (Series A Preferred) (NASDAQ: ZIONP) represent interests in a class of preferred equity issued by Zions Bancorporation, N.A., a commercial banking institution in the finance and insurance sector. Each ZIONP depositary share represents a 1/40th interest in a share of the bank’s Series A floating-rate non-cumulative perpetual preferred stock. These preferred securities are distinct from the company’s common stock (NASDAQ: ZION) and are designed as a separate class of capital within the bank’s overall funding structure.

Zions Bancorporation, N.A. is described in its public communications as one of the nation’s premier financial services companies. According to the company’s disclosures, it is a commercial bank with total assets measured in the tens of billions of dollars and net revenue in the billions of dollars on an annual basis. The bank is headquartered in Salt Lake City, Utah, and operates through local management teams and distinct brands across multiple western states in the United States. It is included in major equity indices such as the S&P MidCap 400 or S&P 500 (as referenced in different periods) and the NASDAQ Financial 100 index.

Underlying issuer and regional banking focus

The ZIONP preferred shares are backed by Zions Bancorporation, N.A., which operates in the commercial banking industry. Company disclosures highlight a focus on small and middle-market banking, public finance advisory services, and Small Business Administration lending. 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. This regional footprint positions the bank as a western U.S.–focused financial institution serving businesses, public entities, and other banking customers through its network of affiliate brands.

The bank has stated that it is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking. It also notes a leadership role in public finance advisory services and Small Business Administration lending. These characteristics provide context for the environment in which the ZIONP preferred shares exist, as they are tied to the capital structure of a regional commercial bank with a multi-state presence and a stated emphasis on serving business and public-sector clients.

Nature of the Series A preferred and ZIONP depositary shares

The ZIONP security is described in company and market references as Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock). This means each listed ZIONP share corresponds to a fractional interest in an underlying Series A preferred share issued by Zions Bancorporation, N.A. The preferred stock is characterized as perpetual, non-cumulative, and floating-rate, indicating that it is a form of equity capital without a fixed maturity, with dividend terms that are not cumulative and that adjust based on a reference rate, as reflected in its name.

Regular quarterly cash dividends on the Series A preferred shares have been repeatedly declared by the board of directors of Zions Bancorporation, N.A., with public announcements specifying record dates and payment dates for the Series A preferred (NASDAQ: ZIONP; CUSIP: 98973A104). These announcements confirm that ZIONP functions as a dividend-paying preferred security, separate from the common stock dividend stream. The bank’s board has consistently included the Series A preferred among its perpetual preferred series when announcing quarterly dividend actions.

Exchange listing and index inclusion of the issuer

The underlying issuer, Zions Bancorporation, N.A., is listed on NASDAQ under the symbol ZION. The Series A preferred depositary shares trade separately under the symbol ZIONP, also referenced in public dividend announcements. The company has disclosed that its common equity is included in major equity indices, such as the S&P MidCap 400 or S&P 500 and the NASDAQ Financial 100 indices, depending on the period referenced in the news releases. These index inclusions highlight the bank’s classification as a mid-cap financial institution in the U.S. equity markets.

While the indices relate to the common stock, they provide context for the scale and recognition of the issuer behind the ZIONP preferred shares. Investors analyzing ZIONP typically consider the financial condition and operating profile of Zions Bancorporation, N.A., as disclosed in its public filings and earnings releases, because the preferred securities are claims on the same banking entity.

Role of ZIONP within Zions Bancorporation’s capital structure

Within Zions Bancorporation, N.A.’s capital structure, the Series A floating-rate non-cumulative perpetual preferred stock, represented in fractional form by ZIONP depositary shares, functions as a class of preferred equity. Company dividend announcements group the Series A preferred with other perpetual preferred series (such as Series G, I, and J) when outlining quarterly preferred dividends. This indicates that ZIONP is part of a broader set of preferred capital instruments used by the bank.

Because the preferred stock is described as non-cumulative and perpetual, it is distinct from debt obligations and from common equity. The floating-rate feature, referenced in the security’s name, distinguishes it from fixed-rate preferred stock, although the specific reference rate or spread is not detailed in the provided materials. The bank’s recurring public announcements of regular quarterly cash dividends on ZIONP demonstrate how this class of securities is managed in practice by the board of directors.

Operational footprint of the underlying bank

Zions Bancorporation, N.A. reports that it operates under local management teams and distinct brands across 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. This regional model is emphasized in multiple public dividend announcements, which also note that the bank is a frequent recipient of customer survey awards in small- and middle-market banking. The bank also describes itself as a leader in public finance advisory services and Small Business Administration lending.

These disclosures highlight the issuer’s emphasis on serving small and middle-market business clients and public entities within its geographic footprint. For holders and prospective analysts of ZIONP, these operational details provide context on the types of banking activities and customer segments that support the issuer’s earnings and capital position, which are relevant when considering a preferred equity instrument issued by the bank.

Regulatory reporting and public communications

Zions Bancorporation, N.A. files reports with the U.S. Securities and Exchange Commission (SEC), including current reports on Form 8-K. For example, the bank filed a Form 8-K to announce financial results for a quarter and to provide related presentation materials. Such filings, along with press releases, are part of the information set that market participants can review when evaluating the financial condition of the bank that stands behind the ZIONP preferred shares.

In addition to SEC filings, the bank regularly issues press releases announcing dividends on common and preferred shares, share repurchase authorizations, and other corporate actions. These communications explicitly reference the Series A preferred shares and the ZIONP ticker, confirming the ongoing status of the security and the board’s dividend decisions.

FAQs about ZIONP and Zions Bancorporation, N.A.

• What does ZIONP represent?
  ZIONP represents depositary shares, each corresponding to a 1/40th interest in a share of Zions Bancorporation, N.A.’s Series A floating-rate non-cumulative perpetual preferred stock, as described in the security’s full name and in company dividend announcements.
• Who is the issuer of ZIONP?
  The issuer of ZIONP is Zions Bancorporation, N.A., a commercial banking institution that describes itself as one of the nation’s premier financial services companies and operates under local management teams and distinct brands in 11 western U.S. states.
• How are dividends on ZIONP handled?
  According to repeated public announcements, the board of directors of Zions Bancorporation, N.A. declares regular quarterly cash dividends on the Series A perpetual preferred shares (NASDAQ: ZIONP), specifying record dates and payment dates for holders of the preferred stock.
• How is ZIONP different from ZION common stock?
  ZIONP is tied to the bank’s Series A floating-rate non-cumulative perpetual preferred stock and is referenced as a preferred security, while ZION is the ticker for the bank’s common stock. Dividend announcements distinguish between the regular quarterly dividend on common shares and the separate quarterly cash dividend on the Series A preferred shares.
• In which markets does the issuer of ZIONP operate?
  Zions Bancorporation, N.A. reports that it 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.
• What industry and sector is ZIONP associated with?
  ZIONP is associated with the commercial banking industry within the broader finance and insurance sector, as it is a preferred equity instrument issued by Zions Bancorporation, N.A., a commercial bank.
• Is Zions Bancorporation, N.A. included in major stock indices?
  Company disclosures state that Zions Bancorporation, N.A. is included in equity indices such as the S&P MidCap 400 or S&P 500 and the NASDAQ Financial 100 indices, depending on the period referenced in the news releases.
• Where can investors learn more about the financial condition behind ZIONP?
  Investors can review Zions Bancorporation, N.A.’s SEC filings, such as Forms 10-K, 10-Q, and 8-K, along with the bank’s press releases announcing financial results and dividend declarations, which collectively provide information about the issuer that stands behind the ZIONP preferred shares.