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ZION - Zions Bancorp


PlanMaestro

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Like you, I think there is still room to increase their margin.  I continue to like the amount of non-int deposits that they have, but I really would love to see them refi the long-term (high cost debt) as soon as possible.  The loan growth was solid, especially in C&I and Residential and the drop in NPA's/Non-accruals from an already low level was nice to see as well.  I can really see an environment where they get back to generating a 1%+ ROA. 

 

agree. Even today, if they decided to have a MBS portfolio similar to the other banks they would generate around $0.5 per share per year, plus the $1 per share of D&A and they are already above 1% ROA.

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Federal Reserve Does Not Object To Zions Bancorporation 2015 Capital Plan

Wednesday, March 11, 2015

 

SALT LAKE CITY, March 11, 2014 /PRNewswire/ -- The Federal Reserve's Board of Governors has notified Zions Bancorporation (NASDAQ: ZION) that it did not object to the capital actions as outlined in its 2015 capital plan, as submitted to the Federal Reserve on January 5, 2015.

 

Included in the plan were (1) the increase of the common dividend to $0.06 per share per quarter (from the current rate of $0.04 per share per quarter) beginning in the second quarter of 2015; (2) the continued payment of preferred dividends at the current rates; and (3) up to $300 million in total reduction of preferred equity (from $1.0 billion at December 31, 2014 to $0.7 billion at December 31, 2015). The reduction of preferred equity in conjunction with the maturity of high-cost debt in the second half of 2015 is expected to further increase Zions' return on equity and reduce fixed charges. All capital actions are subject to the approval of Zions Bancorporation's Board of Directors

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