Zions Bancorporation N.A. - ZION STOCK NEWS

Zions Bancorporation (NASDAQ: ZION) will have its President & COO, Scott McLean, present at the Raymond James Annual Investors Conference on March 7 at 9:15 a.m. EST. Investors can access a live webcast on zionsbancorporation.com, which will remain archived for 30 days. In 2021, Zions reported annual net revenue of $2.9 billion and boasts over $90 billion in total assets, operating across 11 western states. The bank is noted for its customer service excellence and significant SBA loan provision, ranking tenth nationwide in Paycheck Protection Program loans.

Nevada State Bank, a division of Zions Bancorporation (NASDAQ: ZION), has announced an agreement to acquire three branches from City National Bank located in Northern Nevada. The transaction includes $480 million in deposits and $110 million in loans, with the purchase expected to finalize in Q3 2022, pending regulatory approval. City National clients will maintain access to their accounts throughout the transition. This acquisition aims to enhance Nevada State Bank's market presence and service offerings in the region.

Zions Bancorporation has authorized a $50 million share repurchase for Q1 2022, reflecting confidence in shareholder value. Additionally, a quarterly dividend of $0.38 per common share was declared, payable on February 24, 2022, to shareholders of record on February 17, 2022. Cash dividends on preferred shares were also announced, with payments scheduled in March and June 2022. The company reported $2.9 billion in annual net revenue for 2021, highlighting its strong financial position with over $90 billion in total assets.

Zions Bancorporation reported fourth-quarter 2021 net earnings of $207 million or $1.34 per diluted share, down from $275 million ($1.66 per share) a year earlier. Loan growth increased by $1.4 billion, marking an annualized growth rate of 11.7%. The bank maintained strong credit quality with a 0.01% charge-off rate. Average deposits surged 19.3% year-over-year, and the securities portfolio grew 43%. Zions will discuss these results in a conference call on January 24, 2022.

Nevada State Bank has been recognized as the "Best in State" for the fifth consecutive year, receiving top honors in multiple categories. The bank earned Gold for "Best Bank" and "Best Wealth Management," along with Silver for "Best Mortgage Lender" in the 2021 Las Vegas Review-Journal survey. Earlier in the year, it won similar accolades in the Reno Gazette Journal's poll. President Terry Shirey noted that these awards reflect the bank's commitment to service and community support over its 61-year history. Nevada State Bank is a division of Zions Bancorporation (NASDAQ: ZION).

Harris Simmons, Chairman & CEO of Zions Bancorporation (NASDAQ: ZION), will present at the Goldman Sachs US Financial Services Conference on Tuesday, December 7, at 3:40 p.m. EST. Investors can access a live webcast on the Zions Bancorporation website, which will be archived for 30 days. Zions Bancorporation reported an annual net revenue of $2.8 billion in 2020 and boasts over $85 billion in total assets. Operating across 11 western states, Zions is recognized for excellence in banking services and ranks as a top provider of SBA Paycheck Protection Program loans.

Zions Bancorporation has joined the RTP® network, allowing its clients to access real-time payments directly to their checking accounts. This new functionality offers immediate cash availability, enhancing control over cash flow for both businesses and consumers. The RTP network is the first major U.S. payments infrastructure in over 40 years, facilitating 24/7 transactions with rich data capabilities and instant confirmation. Zions, with $2.8 billion in annual revenue and over $85 billion in assets, operates across 11 states and is a leading provider in public finance and SBA lending.