■ Announcement · July 31, 2026
Zions Bancorporation Approves $75M Buyback, Raises Dividend 6.7%
Zions Bancorporation's board authorized $75M in share repurchases for Q3 2026 and declared a quarterly dividend of $0.48 per share, a 6.7% increase.
Share Repurchase Authorization
Zions Bancorporation, N.A. (NASDAQ: ZION) announced that its board of directors has authorized share repurchases of up to $75 million of the company's common stock for the third quarter of 2026. This is part of the company's previously authorized share repurchase target for 2026 of $300 million. The timing and amount of any repurchases will depend on market conditions, regulatory requirements, and other factors, and may be updated at the discretion of the board.
Dividend Declaration
The board also declared a regular quarterly dividend of $0.48 per common share, payable on August 20, 2026, to shareholders of record at the close of business on August 13, 2026. This dividend represents a $0.03, or 6.7%, increase from the prior quarter. Additionally, the board declared the regular quarterly cash dividend on the company's Series A perpetual preferred shares (NASDAQ: ZIONP; CUSIP: 98973A104). The cash dividends on the preferred shares are payable on September 15, 2026, to shareholders of record on September 1, 2026.
Company Overview
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. 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. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices.
What it means for income investors
The dividend increase continues Zions' pattern of returning capital to shareholders, with a current yield based on the new quarterly rate. The company's dividend history shows a commitment to regular payments, and the buyback authorization may support earnings per share over time.
Reporting based on: PR Newswire. Figures verified against market data where available.