Zions Bancorporation, National Association

Zions Bancorporation, National Association is a premier financial services company headquartered in Salt Lake City, Utah. Its mission is to be a source of strength and stability for the communities it serves, focusing on clients, colleagues, and communities. The company operates as a national bank rather than a bank holding company, having merged its holding company into its banking subsidiary in 2018.

The company provides a comprehensive suite of banking products and related services across 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Key offerings include commercial and small business banking, capital markets and investment banking, commercial real estate lending, retail banking, and wealth management. Zions Bancorporation is particularly recognized for its focus on small to middle-market businesses and is a national leader in Small Business Administration (SBA) lending.

As of December 31, 2025, Zions Bancorporation reported approximately $89 billion in total assets and $3.4 billion in annual net revenue. The company is publicly traded on NASDAQ under the symbol ZION and is a member of the S&P 400 Mid-Cap and NASDAQ Financial 100 Indices. In recent news, the company announced a $225 million share repurchase plan and declared a quarterly dividend of $0.45 per common share in May 2026. Leadership changes in its technology and operations division were announced in March 2026, and the company ranked third among U.S. banks in the 2023 Greenwich Excellence Awards for small business and middle market banking.

Latest updates

Zions Bancorporation Boosts Share Repurchase Authorization, Maintains Dividends

Event summary

  • Zions Bancorporation's board authorized up to $225 million in share repurchases, bringing the full-year target to $300 million.
  • A regular quarterly common share dividend of $0.45 per share was declared, payable May 21, 2026.
  • A regular quarterly dividend was also declared on the company's Series A perpetual preferred shares (ZIONP).
  • As of December 31, 2025, Zions Bancorporation had $89 billion in total assets and $3.4 billion in annual net revenue.

The big picture

Zions' move to increase its share repurchase program signals confidence in the bank's financial health and a commitment to returning capital to shareholders. The decision comes amidst a broader trend of regional banks deploying excess capital, but the bank's decentralized operating model and exposure to the Western US economy could create unique challenges. The $300 million repurchase target represents approximately 3.3% of Zions' current market capitalization.

What we're watching

Capital Allocation
The increased share repurchase authorization suggests management believes the stock is undervalued, but the timing will be crucial given potential economic headwinds and regulatory scrutiny.
Regulatory Headwinds
Future repurchase activity will likely be influenced by evolving regulatory requirements and capital adequacy guidelines, potentially limiting the scope of buybacks.
Earnings Momentum
The sustainability of the dividend and continued share repurchases hinges on Zions' ability to maintain or improve its net revenue generation in a competitive lending environment.

Zions Bancorp Taps First Republic Vet to Lead Wealth Management

Event summary

  • Mike Selfridge joins Zions Bancorporation as Executive Vice President and Head of Wealth Management, effective June 1, 2026.
  • Selfridge previously served as Head of Client and Family Office Solutions at Bessemer Trust and held a senior role at First Republic Bank, overseeing private banking and wealth management for high-net-worth clients.
  • Zions Bancorporation reported $89 billion in assets and $3.4 billion in revenue as of December 31, 2025.
  • Selfridge’s prior role at First Republic Bank involved managing wealth management solutions for ultra-high-net-worth clients and overseeing approximately 300,000 households.

The big picture

The appointment of Mike Selfridge signals Zions Bancorporation's intent to aggressively grow its wealth management business, a sector increasingly critical for regional banks seeking to diversify revenue streams and attract high-net-worth clients. His experience at Bessemer Trust and, crucially, First Republic, suggests a focus on sophisticated family office services and a willingness to challenge established players. The move comes as wealth management firms face pressure to demonstrate value and adapt to evolving client needs and regulatory landscapes.

What we're watching

Integration Risk
Selfridge’s experience is heavily weighted towards servicing ultra-high-net-worth clients; Zions’ broader regional focus may require him to adapt his approach and integrate new strategies across a diverse client base.
Growth Strategy
The stated goal of expanding Zions’ wealth management platform will hinge on Selfridge’s ability to identify and capitalize on opportunities within the West, potentially through acquisitions or organic growth initiatives.
Competitive Landscape
Given Selfridge’s background at First Republic, Zions will face increased scrutiny regarding its ability to compete effectively in the high-end wealth management space, particularly as First Republic continues to rebuild its presence.
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