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.
Harris Simmons, Chairman and CEO of Zions Bancorporation (NASDAQ: ZION), will speak at the KBW Winter Financial Services Symposium on February 10 at 9:30 a.m. EST. The session will be available via a live webcast on the Zions Bancorporation website. Zions Bancorporation reported $2.8 billion in annual net revenue for 2020, with total assets over $80 billion. The bank operates in 11 western states and is a recognized leader in public finance and small business lending, ranking 9th in providing SBA Paycheck Protection Program loans.
Zions Bancorporation (NASDAQ: ZION) reported a net earnings increase to $275 million ($1.66 per diluted share) for Q4 2020, up from $174 million ($0.97) in Q4 2019. For the full year, net earnings dropped to $505 million ($3.02 per share) compared to $782 million ($4.16) in 2019. Despite low interest rates, revenue was stable, and non-PPP loan volumes stabilized. Average deposits grew 10.6% quarter-over-quarter and 20.3% year-over-year. The CET1 ratio improved to 10.8%, reflecting strong capital position as the bank continues to support small businesses with PPP loans.
Zions Bancorporation (NASDAQ: ZION) announced its earnings release dates for the fiscal year of 2021. The first quarter report will be released on April 19, 2021 at 5:30 p.m. ET, followed by the second quarter on July 19, 2021, the third quarter on October 18, 2021, and the fourth quarter on January 18, 2022. The public and analysts are invited to these conference calls, with access details available on the company's official website three weeks prior to each call.
Nevada State Bank has been recognized as the Best Bank in the Las Vegas Review-Journal’s Best of Las Vegas contest for 2020, marking its fourth consecutive year of accolades. Additionally, the bank received Silver awards for Best Wealth Management and Best Mortgage Lender. In Northern Nevada, it was honored as Best Bank/SBA Lender by the Northern Nevada Business Weekly. Furthermore, the bank won three Readers’ Choice Awards from the Elko Daily Free Press in various categories, showcasing its commitment to high service standards during challenging times.
California Bank & Trust has promoted Eric Ellingsen to the position of CEO, effective immediately. Having served over twenty years at the bank, Ellingsen will continue as president and oversee the bank's commercial division. His predecessor, David E. Blackford, transitions to executive chairman. Ellingsen's extensive experience includes roles in risk management and financial oversight. Under his leadership, the bank aims to maintain its strong financial performance, leveraging its $11 billion in assets and nearly 90 branches across California.
Harris Simmons, Chairman and CEO of Zions Bancorporation (NASDAQ: ZION), will present at the Goldman Sachs 2020 US Financial Services Conference on December 8 at 3:00 p.m. EST. The presentation will be available via live webcast on zionsbancorporation.com, with an archive accessible for 30 days post-event.
Zions Bancorporation reported annual net revenue of $2.8 billion in 2019 and manages over $7 billion in total assets. The bank serves 11 western states and ranks as the 9th largest provider of SBA Paycheck Protection Program loans.
Paul Burdiss, CFO of Zions Bancorporation (NASDAQ: ZION), will present at the Bank of America Securities 2020 Future of Financials Conference on November 10 at 1:40 p.m. EST. The presentation will be available via live webcast on the Zions Bancorporation website, which will also archive the event for 30 days.
Zions, with 2019 net revenue of $2.8 billion and total assets exceeding $78 billion, operates in 11 western states. The bank is a leader in customer satisfaction and a prominent player in small business lending and public finance.
Zions Bancorporation, N.A. (NASDAQ: ZION) has declared a quarterly dividend of $0.34 per common share, payable on November 19, 2020, to shareholders of record on November 12, 2020. Additionally, quarterly cash dividends for perpetual preferred shares have been announced, with Series A, G, H, and I dividends payable on December 15, 2020, and Series J dividends on March 15, 2021. Zions reported $2.8 billion in net revenue for 2019 and manages over $78 billion in total assets, operating across 11 western states.
Zions Bancorporation reported third-quarter net earnings of $167 million, or $1.01 per diluted share, down from $214 million or $1.17 per share in Q3 2019. Compared to Q2 2020, earnings increased from $57 million. The bank experienced weak loan demand due to the pandemic but noted record production in residential mortgages. Loan modifications affected 9% of borrowers, with 88% completing deferrals. Charge-offs were low at 0.38%. The bank aims to manage margin compression through disciplined expense control, maintaining healthy adjusted pre-provision net revenue.
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