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ZIONS BANCORPORATION, NATIONAL ASSOCIATION

(ZION)
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Zions Bancorporation National Association : Board Approves $325 Million Share Repurchase and Declares Dividends on Common and Preferred Stock

10/22/2021 | 01:25pm EST

Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors (“board”) authorized a share repurchase for the fourth quarter of 2021 of up to $325 million, equaling 3.2% of the market value of the company.

The board declared a regular quarterly dividend of $0.38 per common share, payable November 18, 2021 to shareholders of record on November 10, 2021.

Additionally, the board declared regular quarterly cash dividends on the company's various perpetual preferred shares, as detailed below.

The cash dividend on the following series are payable December 15, 2021 to shareholders of record on December 1, 2021:

  • Series A (NASDAQ: ZIONP; CUSIP: 98973A104);
  • Series G (NASDAQ: ZIONO; CUSIP: 989701859); and
  • Series I (CUSIP: 989701BD8)

The cash dividend on the Series J (CUSIP: 989701BF3) shares is payable on March 15, 2022 to shareholders of record on March 1, 2022.

Zions has obtained the requisite regulatory approval to allow Zions to timely execute on this authorization.

Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $2.8 billion in 2020 and more than $85 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, recently ranking as the tenth largest provider in the U.S. of the SBA’s Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorporation.com.


ę Business Wire 2021
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Financials (USD)
Sales 2021 2 887 M - -
Net income 2021 1 097 M - -
Net Debt 2021 - - -
P/E ratio 2021 9,22x
Yield 2021 2,30%
Capitalization 9 518 M 9 518 M -
Capi. / Sales 2021 3,30x
Capi. / Sales 2022 3,27x
Nbr of Employees 9 678
Free-Float 21,3%
Chart ZIONS BANCORPORATION, NATIONAL ASSOCIATION
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Zions Bancorporation, National Association Technical Analysis Chart | ZION | US9897011071 | MarketScreener
Technical analysis trends ZIONS BANCORPORATION, NATIONAL ASSOCIATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 62,77 $
Average target price 71,55 $
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Harris H. Simmons Chairman & Chief Executive Officer
Scott J. McLean President & Chief Operating Officer
Paul E. Burdiss Chief Financial Officer & Executive Vice President
Jennifer Anne Smith Chief Technology & Operations Officer, EVP
Suren K. Gupta Independent Director