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) is a regional commercial bank headquartered in Salt Lake City, Utah, and described by the company as one of the nation’s premier financial services institutions. Its news flow reflects its role as a mid-cap bank with operations across 11 western states, including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
News about Zions Bancorporation, N.A. frequently covers quarterly earnings results, conference calls, and related investor communications. The bank announces expected earnings release dates for each quarter and provides detailed third-party conference appearances, such as presentations at events hosted by Goldman Sachs, Barclays, and the BancAnalysts Association of Boston. These items help investors follow management’s public commentary and financial performance over time.
Dividend declarations on both common stock (ZION) and Series A preferred shares (ZIONP) are another recurring news category. The board of directors regularly announces quarterly dividends, including changes in dividend levels, along with record and payment dates. Capital markets activity, such as the pricing of fixed-to-floating rate senior notes, also appears in company press releases, outlining terms of the securities and intended uses of proceeds.
Leadership and governance developments feature in the news as well. Recent announcements include leadership transitions at Zions Bank, a division operating in Utah, Idaho, and Wyoming, and at Vectra Bank Colorado, a subsidiary brand within the Zions Bancorporation, N.A. family. These updates highlight changes in regional management and the company’s emphasis on local leadership within its distinct brands.
By following ZION news, readers can monitor earnings releases, dividend actions, debt offerings, executive appointments, and public presentations that shape the bank’s strategic direction and financial profile.
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.
Nevada State Bank, a division of Zions Bancorporation, has successfully acquired three branches of Northern Nevada City National Bank. This strategic move adds over $450 million in deposits and $100 million in commercial and consumer loans. The newly acquired branches are located in Reno, Carson City, and Minden, expanding Nevada State Bank's presence to 20 branches in Northern Nevada. Terry Shirey, the bank's CEO, emphasized the commitment to community and customer transition during this acquisition.
Zions Bancorporation, N.A. (NASDAQ: ZION) announced a share repurchase authorization of up to $50 million for Q3 2022. Additionally, a regular quarterly dividend of $0.41 per common share was declared, payable on August 25, 2022, to shareholders of record on August 18, 2022. The company also detailed cash dividends for its perpetual preferred shares, with payments scheduled for September 15 and December 15, 2022. Regulatory approval has been obtained for the share buyback, which reinforces confidence in capital management and shareholder returns.
Zions Bancorporation (NASDAQ: ZION) reported second quarter 2022 net earnings of $195 million, or $1.29 per diluted share, down from $345 million and $2.08 per share in Q2 2021. Compared to Q1 2022, earnings remained stable at $195 million. The bank experienced a $1.5 billion increase in average non-PPP loans, with a 12% annualized growth. Noninterest income rose by 11% year-over-year, while adjusted revenue increased nearly 8%. Zions reported a low net charge-off ratio of 0.07% and a nonperforming asset ratio of 0.4%.
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Zions Bancorporation has authorized a share repurchase of up to $50 million for Q2 2022, aiming to enhance shareholder value. Additionally, the board declared a $0.38 quarterly dividend per common share, payable on May 26, 2022, to shareholders on record by May 19, 2022. The company also announced cash dividends for its preferred shares, with Series A, G, and I dividends payable on June 15, 2022, and Series J on September 15, 2022. Zions reported annual net revenue of $2.9 billion in 2021, with total assets exceeding $90 billion.
Zions Bancorporation (NASDAQ: ZION) reported Q1 2022 net earnings of $195 million, or $1.27 per diluted share, down from $314 million ($1.90) in Q1 2021. The bank saw $1.2 billion in growth in average non-PPP loans, rising at an annualized rate of over 10%. Net interest income excluding PPP increased by over 17%. Credit quality remained strong with net charge-offs at 0.05% and a 7% drop in nonaccrual loans. However, operating costs rose due to compensation increases and inflationary pressures. The company expects stronger earnings as interest rates rise.
Zions Bancorporation (NASDAQ: ZION) will hold its Annual Meeting of Shareholders virtually on Friday, April 29, 2022, at 1:00 p.m. Mountain Time. Shareholders can participate by visiting this website. Record shareholders will have voting rights and can ask questions using their 16-digit control number found on their proxy materials. Zions reported $2.9 billion in net revenue in 2021 and manages over $90 billion in assets across 11 western states, being a key player in public finance and SBA lending.
Zions Bancorporation (NASDAQ: ZION) has announced its earnings release schedule for the fiscal year 2022. Key dates are set for the first quarter on April 25, second quarter on July 26, third quarter on October 24, and fourth quarter on January 23, 2023, with all calls at 5:30 p.m. ET. Zions reported $2.9 billion in net revenue for 2021 and total assets exceeding $90 billion. The company operates under various brands across 11 states and is recognized for its small and middle-market banking services.