Zions Bancorporation’s Board Approves Additional $200 Million of Share Repurchase for Third Quarter 2021
August 26 2021 - 5:03PM
Business Wire
Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that
its board of directors (“board”) authorized an additional common
share repurchase for the third quarter of 2021 of up to $200
million. The board had previously authorized $125 million for the
third quarter; with today’s authorization, the amount authorized is
now up to $325 million, or approximately 3.5% of the company’s
current market capitalization.
As of August 24, 2021, Zions had repurchased $98 million or 1.8
million of its common shares in the third quarter.
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 (including both
rounds). 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.
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James Abbott Director of Investor Relations Tel: (801)
844‐7637
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