Share Buyback Authorization#
Zions Bancorporation, based in Salt Lake City, has announced that its board of directors has approved a plan to repurchase up to $225 million of its common stock. This buyback is part of a larger target of $300 million for the entire year of 2026. The actual timing and amount of these repurchases will depend on various factors, including market conditions and regulatory requirements.
Quarterly Dividend Declared#
In addition to the share buyback, the board has declared a quarterly dividend of $0.45 per common share. This dividend will be paid on May 21, 2026, to shareholders who are on record by the close of business on May 14, 2026. The dividend yield is approximately 6%, which indicates a strong return for shareholders. Zions has a long history of maintaining dividend payments, having done so for 56 consecutive years, reflecting its commitment to returning value to investors.
Preferred Share Dividends#
Zions Bancorporation also announced a quarterly cash dividend for its Series A perpetual preferred shares. These dividends will be payable on June 15, 2026, to shareholders who are on record by June 1, 2026.
Company Overview#
As of December 31, 2025, Zions Bancorporation reported total assets of about $89 billion and an annual net revenue of $3.4 billion for the year. The company operates across 11 western states, including Arizona, California, and Texas. With a price-to-earnings (P/E) ratio of 9.82, some analysts suggest that the stock may be undervalued, according to Fair Value analysis.