Welcome to our dedicated page for Zions Bancorporation N A news (Ticker: ZION), a resource for investors and traders seeking the latest updates and insights on Zions Bancorporation N A stock.
Zions Bancorporation, N.A. (NASDAQ: ZION) stands as one of the nation's premier financial services companies, with a distinct presence in the Western and Southwestern United States. Headquartered in Salt Lake City, Utah, Zions operates through local management teams and distinct community identities across 11 states, including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It boasts over 500 full-service banking offices, providing comprehensive financial services to a diverse clientele.
Primarily focusing on small and midsize businesses, Zions excels in commercial and commercial real estate lending. The company is a national leader in Small Business Administration (SBA) lending, public finance advisory services, and agricultural finance. Recognized as a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, Zions ensures a high standard of customer service and community engagement.
In terms of financial performance, Zions reported net earnings applicable to common shareholders for the fourth quarter of 2023 at $116 million, or $0.78 per diluted common share. This marks a decrease from $277 million, or $1.84 per diluted common share, in the fourth quarter of 2022. Despite this, the bank showcased resiliency with a $1.7 billion growth in customer deposits and a $0.9 billion increase in loans over the quarter. The net interest margin remained stable, and the bank continued to strengthen its capital position.
Harris H. Simmons, Chairman and CEO, emphasized the strong credit quality of the loan portfolio, with a low annualized net charge-off ratio of 0.06%. The bank is well-positioned for growth, anticipating client acquisition and improved financial results driven by business investments, stable or lower short-term interest rates, and moderate economic expansion in the Western United States.
For the full year 2023, Zions reported approximately $87 billion in total assets and $3.1 billion in net revenue. The bank is included in the S&P 500 and NASDAQ Financial 100 indices, underlining its significant market presence and financial stability. Investors and stakeholders can access comprehensive financial reports and updates on the company's official website.
Zions Bancorporation, N.A. (NASDAQ: ZION) announced a $50 million share repurchase program for Q1 2023, alongside a quarterly dividend of $0.41 per common share, payable on February 23, 2023. Additionally, dividends for various perpetual preferred shares were declared, with payments scheduled for March 15, 2023 and June 15, 2023. The bank secured necessary regulatory approval for these actions. With a net revenue of $3.2 billion in 2022 and total assets of approximately $90 billion, Zions operates in 11 western states and is included in the S&P 500 and NASDAQ Financial 100 indices.
Zions Bancorporation reported a net profit of $277 million or $1.84 per diluted share for Q4 2022, up from $207 million or $1.34 in Q4 2021. The earnings also exceeded Q3 2022 results of $211 million or $1.40 per share. Key factors included 46% increase in adjusted pre-provision net revenue to $420 million and solid loan growth, despite a decline in total deposits. The Bank continues to build loss reserves anticipating a potential recession. Zions operates with approximately $90 billion in assets and reported annual net revenue of $3.2 billion for 2022.
Zions Bancorporation (NASDAQ: ZION) will be represented by Harris Simmons, Chairman and CEO, at the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 3:00 pm ET. Investors can access a live webcast on the company’s website, which will be archived for 30 days. As of September 30, 2022, Zions reported annualized net revenue of $3.0 billion and total assets exceeding $85 billion. The company operates across 11 western states and is a part of the S&P 500 and NASDAQ Financial 100 indices.
Zions Bancorporation (NASDAQ: ZION) announced the earnings release dates for its fiscal fourth quarter of 2022 and for the first three quarters of 2023. The anticipated conference calls will take place on:
- Q4 2022: January 23, 2023, at 5:30 PM ET
- Q1 2023: April 19, 2023, at 5:30 PM ET
- Q2 2023: July 19, 2023, at 5:30 PM ET
- Q3 2023: October 18, 2023, at 5:30 PM ET
Investors and analysts are invited to participate, with access info available three weeks prior on the company's website.
On November 16, Paul Burdiss, CFO of Zions Bancorporation (NASDAQ: ZION), will present at the Stephens Annual Investment Conference at 3:00 PM CT. Investors can access a live webcast on the Zions Bancorporation website, which will remain archived for 30 days. As of September 30, 2022, Zions reported net revenue of $3.0 billion and holds over $85 billion in assets, operating in 11 western states. Zions is recognized for its customer service and included in the S&P 500 and NASDAQ Financial 100 indices.
Zions Bancorporation has been recognized as the No. 2 lender in the U.S. for SBA 504 third-party approvals in fiscal year 2022, providing
Zions Bancorporation has authorized a $50 million share repurchase for Q4 2022, signaling confidence in its financial stability. The board declared a quarterly dividend of $0.41 per common share, payable on November 17, 2022, to shareholders on record by November 10, 2022. Additionally, cash dividends for perpetual preferred shares will be paid on various dates in December 2022 and March 2023. As of September 30, 2022, Zions reported an annualized net revenue of $3.0 billion and total assets exceeding $85 billion.
Zions Bancorporation reported third-quarter 2022 net earnings of
Zions Bancorporation (NASDAQ: ZION) will be represented by President & COO Scott McLean at the Barclays Global Financial Services Conference on September 12 at 2:45 pm EDT. Attendees can access a live webcast of the session through the Zions Bancorporation website, which will also archive the session for 30 days. In 2021, Zions reported a net revenue of $2.9 billion and holds approximately $90 billion in assets, serving customers across 11 western states.
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