ZIONS BANCORPORATION'S BOARD ANNOUNCES APPROVAL OF SHARE REPURCHASE
Zions Bancorporation (NASDAQ: ZION) has announced that its board of directors has authorized a share repurchase program of up to $40 million for fiscal year 2025. The company, which operates in 11 western states, reported total assets of approximately $89 billion as of December 31, 2024, and achieved annual net revenue of $3.1 billion in 2024.
The financial services company operates under local management teams and distinct brands across Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Zions has been recognized for excellence in small- and middle-market banking, public finance advisory services, and Small Business Administration lending. The company is a component of both the S&P MidCap 400 and NASDAQ Financial 100 indices.
Zions Bancorporation (NASDAQ: ZION) ha annunciato che il suo consiglio di amministrazione ha autorizzato un programma di riacquisto di azioni fino a 40 milioni di dollari per l'anno fiscale 2025. L'azienda, che opera in 11 stati occidentali, ha riportato un totale di attivi di circa 89 miliardi di dollari al 31 dicembre 2024 e ha raggiunto un fatturato netto annuo di 3,1 miliardi di dollari nel 2024.
La società di servizi finanziari opera sotto team di gestione locali e marchi distinti in Arizona, California, Colorado, Idaho, Nevada, Nuovo Messico, Oregon, Texas, Utah, Washington e Wyoming. Zions è stata riconosciuta per l'eccellenza nel settore bancario per piccole e medie imprese, nei servizi di consulenza per la finanza pubblica e nei prestiti della Small Business Administration. L'azienda è un componente sia dell'indice S&P MidCap 400 che del NASDAQ Financial 100.
Zions Bancorporation (NASDAQ: ZION) ha anunciado que su junta directiva ha autorizado un programa de recompra de acciones de hasta 40 millones de dólares para el año fiscal 2025. La empresa, que opera en 11 estados del oeste, reportó activos totales de aproximadamente 89 mil millones de dólares al 31 de diciembre de 2024 y alcanzó ingresos netos anuales de 3.1 mil millones de dólares en 2024.
La compañía de servicios financieros opera bajo equipos de gestión locales y marcas distintas en Arizona, California, Colorado, Idaho, Nevada, Nuevo México, Oregón, Texas, Utah, Washington y Wyoming. Zions ha sido reconocida por su excelencia en la banca para pequeñas y medianas empresas, servicios de asesoría en finanzas públicas y préstamos de la Small Business Administration. La empresa es un componente tanto del índice S&P MidCap 400 como del NASDAQ Financial 100.
자이언스 뱅코포레이션 (NASDAQ: ZION)은 이사회가 2025 회계연도에 최대 4천만 달러의 자사주 매입 프로그램을 승인했다고 발표했습니다. 이 회사는 11개 서부 주에서 운영되며, 2024년 12월 31일 기준으로 약 890억 달러의 총 자산을 보고했으며, 2024년에는 연간 순수익이 31억 달러에 달했습니다.
이 금융 서비스 회사는 애리조나, 캘리포니아, 콜로라도, 아이다호, 네바다, 뉴멕시코, 오리건, 텍사스, 유타, 워싱턴, 와이오밍 전역에서 지역 관리 팀과 독특한 브랜드로 운영됩니다. 자이언스는 중소기업 은행업, 공공 금융 자문 서비스 및 중소기업청 대출 분야에서 우수성을 인정받았습니다. 이 회사는 S&P MidCap 400 및 NASDAQ Financial 100 지수의 구성 요소입니다.
Zions Bancorporation (NASDAQ: ZION) a annoncé que son conseil d'administration a autorisé un programme de rachat d'actions pouvant aller jusqu'à 40 millions de dollars pour l'exercice fiscal 2025. L'entreprise, qui opère dans 11 États de l'ouest, a déclaré des actifs totaux d'environ 89 milliards de dollars au 31 décembre 2024 et a réalisé un revenu net annuel de 3,1 milliards de dollars en 2024.
La société de services financiers fonctionne sous des équipes de gestion locales et des marques distinctes à travers l'Arizona, la Californie, le Colorado, l'Idaho, le Nevada, le Nouveau-Mexique, l'Oregon, le Texas, l'Utah, Washington et le Wyoming. Zions a été reconnue pour son excellence dans le secteur bancaire pour les petites et moyennes entreprises, les services de conseil en finances publiques et les prêts de la Small Business Administration. L'entreprise est un composant des indices S&P MidCap 400 et NASDAQ Financial 100.
Zions Bancorporation (NASDAQ: ZION) hat bekannt gegeben, dass der Vorstand ein Aktienrückkaufprogramm von bis zu 40 Millionen US-Dollar für das Geschäftsjahr 2025 genehmigt hat. Das Unternehmen, das in 11 westlichen Bundesstaaten tätig ist, meldete zum 31. Dezember 2024 Gesam Vermögenswerte von etwa 89 Milliarden US-Dollar und erzielte im Jahr 2024 einen jährlichen Nettoumsatz von 3,1 Milliarden US-Dollar.
Das Finanzdienstleistungsunternehmen arbeitet unter lokalen Managementteams und unterschiedlichen Marken in Arizona, Kalifornien, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington und Wyoming. Zions wurde für ihre Exzellenz im Bereich der Banken für kleine und mittlere Unternehmen, öffentliche Finanzberatungsdienste und Kredite der Small Business Administration anerkannt. Das Unternehmen ist Bestandteil sowohl des S&P MidCap 400 als auch des NASDAQ Financial 100 Indizes.
- Authorization of $40 million share repurchase program for 2025
- Strong asset base of $89 billion as of December 2024
- Solid annual net revenue of $3.1 billion in 2024
- Diverse geographical presence across 11 western states
- Relatively small buyback amount relative to company's market capitalization
Insights
The newly authorized
Several key implications emerge from this announcement:
- The modest size of the buyback suggests a prudent approach to capital management, particularly important given the banking sector's focus on maintaining strong capital buffers in the current economic environment.
- For a bank generating over
$3 billion in annual revenue, the$40 million authorization indicates management is prioritizing balance sheet strength over aggressive shareholder returns, which could be viewed positively from a risk management perspective. - The board's approval timing at the start of fiscal 2025 provides flexibility for strategic execution throughout the year, allowing management to opportunistically repurchase shares while maintaining regulatory capital requirements.
The authorization's conservative scope may reflect management's strategic priorities: maintaining strong capital ratios, supporting organic growth across their 11-state Western U.S. footprint, and preserving flexibility for potential market opportunities. This balanced approach to capital allocation aligns with Zions' position as a mid-cap regional bank focused on sustainable growth rather than aggressive capital returns.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately
FOR: ZIONS BANCORPORATION
One South Main Street
Harris H. Simmons
Chairman/Chief Executive Officer
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SOURCE Zions Bancorporation
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