$ZION (Zions Bancorporation)

$ZION {{ '2016-01-25T22:50:10+0000' | timeago}} • Webcast

$ZION said that the company is committed to maintaining adjusted noninterest expense below $1.6Bil and achieving an efficiency ratio of less than 66% in FY16 and committed to achieve $120MM of gross savings by FY17.

$ZION {{ '2018-01-02T13:52:26+0000' | timeago}} • Announcement

$ZION plans to contribute $12MM to ions Bancorporation Foundation, which is expected to benefit local communities in which Zions does business. $ZION expects to incur rise in non-interest expense in 4Q17 of about $12MM as a result of contribution to the Foundation, while compensation adjustments are expected to be incorporated into 2018 expense.

$ZION {{ '2018-01-02T13:51:04+0000' | timeago}} • Announcement

$ZION said it is lifting ongoing compensation for more than 40% of its employees as of Jan. 1, 2018, and providing nearly 80% of employees with $1,000 bonuses during 2018, as a result of the Tax Cuts and Jobs Act of 2017.

$ZION {{ '2017-11-20T14:01:26+0000' | timeago}} • Announcement

$ZION will streamline its corporate structure by merging the parent company into its banking subsidiary or one of its subsidiaries. The resulting entity will bear the name Zions Bancorporation and will continue to operate with its existing local brand names and management teams.

$ZION {{ '2017-10-24T11:05:34+0000' | timeago}} • Infographic

$ZION Zions Bancorporation Earnings AlphaGraphic: Q3 2017 Highlights

$ZION {{ '2017-10-23T21:58:08+0000' | timeago}} • Announcement

$ZION reported a jump in 3Q17 earnings, driven by higher net interest income and revenue. Net income rose 30% to $152MM or $0.72 per share from $117MM or $0.57 per share a year earlier. Net interest income jumped 11% to $522MM. The company said the year-to-date efficiency ratio at 62.6% is on track to meet the cost objective established for 2017.

$ZION {{ '2017-06-29T13:48:48+0000' | timeago}} • Announcement

$ZION received no objection from the Federal Reserve for its 2017 capital plan. The plan includes lifting of common stock dividend from $0.12 to $0.24 per share from 3Q17 through 2Q18, and up to $465MM of common stock redemption.

$GPI {{ '2017-05-12T13:44:03+0000' | timeago}} • Announcement

$GPI's board elected Stephen Quinn to serve as non-executive Chairman. Quinn has served as a director since May 2002, and currently serves on the BoD, the Audit Committee, and the Risk Oversight Committee of $ZION. He has replaced John Adams, who will continue as a Director and now serve as Chairman of Finance/Risk Management (FRM) Committee.

$ZION {{ '2017-04-27T19:38:26+0000' | timeago}} • Announcement

$ZION's board of directors declared a regular quarterly dividend of $0.08 per common share, payable May 25, 2017 to shareholders of record on May 18, 2017.

$ZION {{ '2017-04-24T22:51:25+0000' | timeago}} • Webcast

$ZION said the liquidity coverage rules are defining the deposit value and this is beginning to impact deposit pricing. The company added that its deposit portfolio is granular, commercially-oriented and client-based. $ZION is currently not seeing any huge pressure on deposit pricing.

$ZION {{ '2017-04-24T22:31:04+0000' | timeago}} • Webcast

$ZION has managed asset sensitivity and believes over time, it will decline although the pace is undefined. $ZION will be opportunistic based on the relative value. $ZION does not expect the securities portfolio to grow and so the incremental management of the interest rate risk positioning will be managed through the swaps portfolio.

$ZION {{ '2017-04-24T22:19:50+0000' | timeago}} • Webcast

$ZION said the increase in the size of the bond portfolio has been based upon the company’s need to change the liquidity rules and some other matters to maintain a permanent store of liquidity on the balance sheet. The second factor is the management of interest rate risk and the conversion of possible income into certain income.

$ZION {{ '2017-04-24T20:33:32+0000' | timeago}} • Announcement

While operating costs were seasonally higher, $ZION said it remains committed to a continued focus on expense control and improvement in its profitability through the remainder of 2017 and beyond.

$ZION {{ '2017-04-24T20:30:26+0000' | timeago}} • Announcement

$ZION's net interest margin for 1Q17 rose slightly to 3.38% from 3.37% in 4Q16. This was driven by increased yields on loans and securities portfolios, but was tempered somewhat due to continued shift to a greater concentration of securities as a percentage of earning assets and lower marginal net yields on balance sheet growth.

$ZION {{ '2017-04-24T20:30:11+0000' | timeago}} • Announcement

$ZION reported a rise in 1Q17 earnings driven by higher net interest income and an increase in non-interest income. Net income rose to $129MM or $0.61 per share from $79MM or $0.38 per share last year. Net interest income grew to $489MM from $453MM and non-interest income increased to $132MM from $117MM.

$ZION {{ '2017-04-12T12:25:48+0000' | timeago}} • Announcement

$ZION has elected Barbara Yastine to its BoD. She also serves on the board of $PRI and $FDC; she has served as a member and chair of the audit committee of each company.

$ZION {{ '2017-01-23T23:14:00+0000' | timeago}} • Webcast

$ZION expects net interest income to increase in the mid to high single digit range, driven mainly by loan and investment securities growth in FY17.

$ZION {{ '2017-01-23T22:53:22+0000' | timeago}} • Webcast

$ZION is committing to improve its efficiency ratio to the low 60s in 2017. The company saw soft loan growth in 4Q16, due to the constraints on growth in $ZION's commercial real estate portfolio as a result of internal concentration limits and attrition in oil and gas loans.

$ZION {{ '2017-01-23T22:12:04+0000' | timeago}} • Announcement

$ZION's loans and leases, net of unearned income and fees, were $42.6Bil at Dec. 31, 2016, compared to $42.5Bil at Sept. 30, 2016. Excluding the reduction in oil and gas related loans, net loans and leases rose $265MM during 4Q16.

$ZION {{ '2017-01-23T22:05:15+0000' | timeago}} • Announcement

Financial services company $ZION posted higher 4Q16 earnings, helped by revenue growth and tight expense control. Net earnings applicable to common shareholders rose 41.72% for the quarter to $125MM or $0.60 per share from $88.2MM or $0.43 per share a year ago. Net interest income rose 7% from the year ago quarter to $480MM in 4Q16.

$ZION {{ '2017-01-05T19:48:15+0000' | timeago}} • Announcement

Nevada State Bank, a division of $ZION, appointed Terrance Shirey as President and CEO. He succeeds Dallas Haun, who has served as CEO over the course of the past decade. Haun will continue to serve as Nevada State Bank's Chairman. Shirey joined Nevada State Bank in 2008 as its CFO, and most recently has served as the bank's president and COO.

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