Stock Blog Hub » Regional – Pacific Banks

(ZION) Zions Bancorp Earnings Outpace Estimates

vitalstocks — Wed, 26 Oct 2011 13:45:26 +0000

Zions Bancorp. (ZION) reported third quarter 2011 earnings of 40 cents per share, significantly ahead of the Zacks Consensus Estimate of 32 cents. However, this is below the prior quarter’s earnings of 45 cents per share. However, after considering non-cash effects of the discount amortization on convertible subordinated debt and additional accretion on acquired loans, [...]

(ZION) Zions Bancorp Earnings Outpace Estimates

(ZION) Zions Bancorp Beats Third Quarter Earnings Estimates

vitalstocks — Tue, 19 Oct 2010 04:51:22 +0000

Zions Bancorp. (ZION) reported third quarter 2010 loss per share of 47 cents, narrower than the Zacks Consensus Estimate of 51 cents per share loss. Results were a significant improvement over the prior and year-earlier quarters. Zions ended the quarter with record high capital levels, and management attributed asset quality improvement across all major sectors [...]

(ZION) Zions Bancorp Beats Third Quarter Earnings Estimates

(WABC) U.S. Economy Hits 118 Bank Failures in 2010

vitalstocks — Mon, 23 Aug 2010 14:50:13 +0000

The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared with 140 in 2009, 25 in [...]

(WABC) U.S. Economy Hits 118 Bank Failures in 2010

(ZION) Zions Bancorporation Unloads CDO Risks

vitalstocks — Fri, 30 Jul 2010 21:27:37 +0000

On Wednesday, Zions Bancorporation ( ZION ) entered into a total return swap (TRS) deal with Deutsche Bank AG (DB) to lessen credit risks for certain securities in its portfolio. Through this arrangement, the company could unload risks from $1.16 billion portfolio of collateralized debt obligations (CDOs). A TRS deal allows the party to receive [...]

(ZION) Zions Bancorporation Unloads CDO Risks

(ZION) Zions Prices $125 Million in Preferred Stock

vitalstocks — Mon, 14 Jun 2010 23:21:17 +0000

On Friday, Zions Bancorp. (ZION) announced that it has priced 5 million preferred shares worth $125 million at an initial public offering price of $25 per depositary share. The offering is priced at an initial dividend rate of 11%. Post offering, each depositary share represents a 1/40th ownership interest in a share of Series E [...]

(ZION) Zions Prices $125 Million in Preferred Stock

(ZION) Zions Bancorp Trims Loss – Earnings Surpass Estimates

vitalstocks — Tue, 20 Apr 2010 20:08:46 +0000

On Monday, Zions Bancorp (ZION) reported first quarter 2010 net loss of $86.5 million or 57 cents per share, compared to a net loss of $176.5 million or $1.26 in the prior quarter and a net income of $852.3 million or $7.47 in the prior-year quarter. The reported quarter included a loss of 23 cents based [...]

(ZION) Zions Bancorp Trims Loss – Earnings Surpass Estimates

(WABC) Westamerica Bancorp Earnings Report Beats by a Penny

vitalstocks — Wed, 14 Apr 2010 21:23:34 +0000

Westamerica Bancorp. (WABC) reported first-quarter earnings per share of 80 cents, beating the Zacks Consensus Estimate and prior-quarter profit of 79 cents. However, earnings was lower than $1.80 per share reported in the year-ago quarter. In the year-ago quarter, Westamerica recorded an acquisition gain and tax refund that combined to increase earnings by $1 per [...]

(WABC) Westamerica Bancorp Earnings Report Beats by a Penny

(ZION) Zions Bancorporation Sets Exchange Ratio for Notes

vitalstocks — Sat, 27 Mar 2010 20:54:18 +0000

On Thursday, Zions Bancorporation (ZION) announced the exchange ratios for swapping its common stock to its outstanding non-convertible subordinated notes. Deutsche Bank Securities Inc., a wing of Deutsche Bank AG (DB) and Goldman, Sachs & Co., a wing of Goldman Sachs Group Inc. (GS), acted as Zions’ financial advisors in connection with the exchange offer. [...]

(ZION) Zions Bancorporation Sets Exchange Ratio for Notes

(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010

vitalstocks — Mon, 08 Mar 2010 16:00:50 +0000

Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered four more banks in Florida, Illinois, Maryland and Utah. This brings the total number of bank failures to 26 so [...]

(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010

(ZION) Zions Bancorporation’s Note Conversion Update

vitalstocks — Thu, 04 Mar 2010 23:52:06 +0000

Zions Bancorporation (ZION) recently announced the beginning of an exchange offer to replace any or all of its currently outstanding non-convertible subordinated notes into shares of Zions’ common stock. This will be based on the relevant price, the applicable note price and the ratio of applicable note price to the relevant price. Additionally, the company [...]

(ZION) Zions Bancorporation’s Note Conversion Update

(ZION) Zions Bancorp Analysts Upgrade to Neutral

vitalstocks — Wed, 24 Feb 2010 02:47:31 +0000

Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Zions Bancorp. (ZION) to Neutral from Underperform. Although the current economic turmoil has weakened both the revenue growth and the operating leverage of Zions, we believe that once the economy stabilizes, it will have a substantial [...]

(ZION) Zions Bancorp Analysts Upgrade to Neutral

(WABC) Westamerica Bancorp Misses Earnings Estimates

vitalstocks — Mon, 08 Feb 2010 18:14:54 +0000

Westamerica Bancorp.’s (WABC) reported fourth quarter earnings per share of 79 cents and missed the Zacks Consensus Estimate of 82 cents. Earnings were higher from 71 cents reported in the year-ago quarter but a couple of pennies below 81 cents reported in the prior quarter. During the reported quarter 2009, Westamerica redeemed $42 million in [...]

(WABC) Westamerica Bancorp Misses Earnings Estimates

(ZION) Zions Bancorporation’s Loss Slims as They Beat Earnings Estimates

vitalstocks — Tue, 26 Jan 2010 18:14:18 +0000

On Monday, Zions Bancorporation (ZION) reported a fourth quarter 2009 net loss of $176.5 million or $1.26 per share, compared to a net loss of $179.5 million or $1.41 in the prior quarter and a net income of $498.1 million or $4.37 in the prior-year quarter. Results were substantially lower than the Zacks Consensus Estimated [...]

(ZION) Zions Bancorporation’s Loss Slims as They Beat Earnings Estimates

(ZION) Zions Bancorporation Replaces Cash with Stock for Top Executives

vitalstocks — Thu, 31 Dec 2009 15:50:24 +0000

Focusing on damage control after the financial crisis, on Dec. 28, Zions Bancorporation (ZION) announced its decision of awarding bonus to its 25 top executives in the form of stock in lieu of cash payments. The decision has been made in order to conform to the regulations under the government’s Troubled Asset Relief Program (TARP). Zions [...]

(ZION) Zions Bancorporation Replaces Cash with Stock for Top Executives

(ZION) Zions Bancorporation Finishes Exchange Offer

vitalstocks — Mon, 28 Dec 2009 17:54:17 +0000

In an attempt to enhance its financing position in the capital market, Zions Bancorporation (ZION) on Dec 22, 2009 announced its preliminary results of the stock exchange offer from its Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Series A Preferred Stock) to its common stock. The company had offered approximately 5.6 million outstanding Depositary Shares [...]

(ZION) Zions Bancorporation Finishes Exchange Offer

(ZION) Zions Bancorporation Shows Continued Losses

vitalstocks — Tue, 20 Oct 2009 22:29:05 +0000

Zions Bancorporation (ZION) reported a third quarter 2009 net loss applicable to common shareholders of $179.5 million or $1.41 per share, compared to net loss of $40.7 million or 35 cents per share in the prior quarter and a net income of $33.4 million or $0.31 per share in the prior-year quarter. Results were substantially [...]

(ZION) Zions Bancorporation Shows Continued Losses

(CVBF) FDIC Makes it 99 U.S. Bank Failures Reach in 2009

vitalstocks — Mon, 19 Oct 2009 16:26:40 +0000

U.S. bank failures continue unabated as U.S. regulators on Friday closed down San Joaquin Bank of Bakersfield, CA. This takes the total number of failed federally insured banks to 99 in 2009, compared to 25 in 2008 and 3 in 2007. As of September 29, San Joaquin Bank, a subsidiary of San Joaquin Bancorp, had [...]

(CVBF) FDIC Makes it 99 U.S. Bank Failures Reach in 2009

(ZION) Zions Bancorporation – Bear of the Day

vitalstocks — Wed, 16 Sep 2009 16:49:17 +0000

Given the high competitive pressures in the banking industry, we expect continuous deposit pricing pressures as well as growth in higher cost funding accounts to weigh on Zions Bancorporation’s (ZION) net interest margins (NIM), creating headwinds on the revenue front. Loan growth has remained solid, but slowing growth in core deposits could cause a negative [...]

(ZION) Zions Bancorporation – Bear of the Day

(JOYG) Joy Global – Bull of the Day

vitalstocks — Wed, 16 Sep 2009 16:45:14 +0000

We are confident about the long-term fundamentals of the mining industry, which is further supported by a sustainable secular shift in commodity demand in the emerging economies. This will provide Joy Global (JOYG) substantial growth potential once the global economy emerges from the ongoing turmoil. Joy Global aims at maximizing operating efficiency and useful life [...]

(JOYG) Joy Global – Bull of the Day

(ZION) Zions Bancorp- Bear of the Day

vitalstocks — Fri, 04 Sep 2009 23:37:26 +0000

While Zions Bancorp (ZION) net interest margin and deposit growth remain satisfactory, credit quality continues to deteriorate, necessitating high levels of loss provisions. The company has been successful in enhancing capital ratios and making efforts on the cost control front, but the credit ratings agencies appear to be unimpressed. Ongoing weakness in the southwestern residential [...]

(ZION) Zions Bancorp- Bear of the Day

(ZION) Zions Completes New Common Stock Offering

vitalstocks — Tue, 01 Sep 2009 21:37:48 +0000

On August 27, Zions Bancorp (ZION) successfully completed a $250 million offering of new common stock. During the third quarter, the bank holding company issued 7.6 million common shares at an average price of $16.13 each, for gross proceeds of $123.5 million. During the second quarter, Zions issued common shares for gross proceeds of $126.5 [...]

(ZION) Zions Completes New Common Stock Offering