$ZION (Zions Bancorporation)

$ZION {{ '2015-10-14T18:56:02+0000' | timeago}} • SEC

$ZION expects the mix of interest-earning assets to change over the next several quarters due to slight-to-moderate loan growth in the commercial and industrial portfolios, accompanied by somewhat less growth in commercial real estate loans.

$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.

$ZION {{ '2016-10-24T22:24:43+0000' | timeago}} • Webcast

$ZION is going to run somewhere around 90% of NYMEX on oil and on natural gas. The company's oil price deck starts in the low-40s and escalates about $5, $6 over a six-year period of time. $ZION is probably a little less than 90% in terms of NYMEX on the natural gas price deck it is using.

$ZION {{ '2016-10-24T22:16:41+0000' | timeago}} • Webcast

$ZION expects its effective tax rate to be 34-35% over the next four quarters, and expects preferred dividends to be between $40-45MM over the next 12 months. The company anticipates redeeming up to $144MM of higher cost preferred equity, although it does not expect that to have a material benefit to the forward four-quarter outlook.

$ZION {{ '2016-10-24T22:13:56+0000' | timeago}} • Webcast

$ZION continues to expect net interest income to increase in the mid to high single-digit growth rate, driven mainly by loan and investment securities growth. The company expects that customer-related fees will be stable from the level reported in 3Q16, which include about $3MM of miscellaneous income that it does not consider likely to recur.

$ZION {{ '2016-10-24T22:05:13+0000' | timeago}} • Webcast

Over the next four quarters, $ZION expects oil and gas net charge-offs to trend downward somewhat from the last 12 months. The company expects that it will experience a gradual release of the oil and gas allowance for credit losses over the coming quarters.

$ZION {{ '2016-10-24T22:02:34+0000' | timeago}} • Webcast

$ZION has increased the quarterly dividend rate by 33% to $0.08 per share per quarter. The company began executing on its common equity buyback plan, which calls for $180MM between July 2016 and June 2017. $ZION expects to maintain a relatively strong capital ratio, but believes the company is overcapitalized relative to its risk profile.

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