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	<title>Stock Blog Hub &#187; Regional &#8211; Pacific Banks</title>
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		<title>(ZION) Zions Bancorp Outpaces on Lower Expenses</title>
		<link>http://www.stockbloghub.com/2012/05/01/zion-zions-bancorp-outpaces-on-lower-expenses/99577</link>
		<comments>http://www.stockbloghub.com/2012/05/01/zion-zions-bancorp-outpaces-on-lower-expenses/99577#comments</comments>
		<pubDate>Tue, 01 May 2012 17:39:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[CVB Financial Corporation]]></category>
		<category><![CDATA[CVBF]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=99577</guid>
		<description><![CDATA[Zions Bancorp.(ZION) reported its first-quarter 2012 earnings per share of 33 cents, surpassing the Zacks Consensus Estimate of 26 cents. Also, this compared favorably with the prior-quarter earnings of 30 cents. After considering non-cash effects of the discount amortization on convertible subordinated debt as well as additional accretion on acquired loans and accelerated amortization of discount on $700 million redemption of Troubled Asset Relief Program (TARP) preferred stock, Zions’ first-quarter net income came in at $25.5 million or 14 cents per share. This was slightly below the prior-quarter earnings of $44.4 million or 24 cents. The sequential improvement was a result of higher non-interest income and lower operating expenses partially offset by fall in net interest income.However, continuous improvement in credit quality, and increases in average deposits were the positives ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/05/01/zion-zions-bancorp-outpaces-on-lower-expenses/99577/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WABC) Westamerica Bancorp &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2012/03/06/wabc-westamerica-bancorp-bear-of-the-day/94402</link>
		<comments>http://www.stockbloghub.com/2012/03/06/wabc-westamerica-bancorp-bear-of-the-day/94402#comments</comments>
		<pubDate>Tue, 06 Mar 2012 21:29:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[WABC]]></category>
		<category><![CDATA[Westamerica BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=94402</guid>
		<description><![CDATA[We are downgrading our long-term recommendation on Westamerica Bancorp (WABC) from Neutral to Underperform based on weak fourth-quarter results and an overall sluggish economic environment. The company&#8217;s fourth quarter 2011 earnings slightly missed the Zacks Consensus Estimate. Results were negatively impacted by reduced revenues, partially offset by lower non-interest expenses. The company&#8217;s credit quality continued to show improvement in the quarter. We believe that a weak interest rate environment, and low investment returns will restrict any significant bottom-line improvement in the near term. Our six-month target price of $43.00 equates to about 14.0x our earnings estimate for 2012. Combined with the $1.48 per share annual dividend, this price target implies an expected negative return of 8.5% over that period, which is consistent with our long-term Underperform recommendation on the shares. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/03/06/wabc-westamerica-bancorp-bear-of-the-day/94402/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorp Earnings Outpace Estimates</title>
		<link>http://www.stockbloghub.com/2011/10/26/zion-zions-bancorp-earnings-outpace-estimates/85863</link>
		<comments>http://www.stockbloghub.com/2011/10/26/zion-zions-bancorp-earnings-outpace-estimates/85863#comments</comments>
		<pubDate>Wed, 26 Oct 2011 13:45:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[City National Corporation]]></category>
		<category><![CDATA[CYN]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85863</guid>
		<description><![CDATA[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, Zions reported third quarter net profit of $65.2 million or 35 cents per share. This compares favorably with the prior quarter’s net income of $29.0 million or 16 cents per share and the prior-year quarter’s net loss of $80.5 million or 47 cents per share. The results in the quarter continued to improve owing to the year-over-year growth in net interest income, continuous improvement in credit quality as well as a fall in non-interest expenses. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/10/26/zion-zions-bancorp-earnings-outpace-estimates/85863/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorp Beats Third Quarter Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2010/10/18/zion-zions-bancorp-beats-third-quarter-earnings-estimates/55621</link>
		<comments>http://www.stockbloghub.com/2010/10/18/zion-zions-bancorp-beats-third-quarter-earnings-estimates/55621#comments</comments>
		<pubDate>Tue, 19 Oct 2010 04:51:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=55621</guid>
		<description><![CDATA[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 a factor for the improved results. They expect the trend to continue into the fourth quarter. Benefiting the results were relativey steady loan balances (excluding FDIC and construction supported loans) and an improved core net interest margin. Quarter in Detail Total net interest income decreased 7.9% year-over-year to $581.9 million, but was down only marginally from the preceding quarter. Net interest margin increased 0.26 percentage points on a sequential basis. Non interest income decreased 59.3% from prior-year ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/18/zion-zions-bancorp-beats-third-quarter-earnings-estimates/55621/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WABC) U.S. Economy Hits 118 Bank Failures in 2010</title>
		<link>http://www.stockbloghub.com/2010/08/23/wabc-u-s-economy-hits-118-bank-failures-in-2010/49002</link>
		<comments>http://www.stockbloghub.com/2010/08/23/wabc-u-s-economy-hits-118-bank-failures-in-2010/49002#comments</comments>
		<pubDate>Mon, 23 Aug 2010 14:50:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[WABC]]></category>
		<category><![CDATA[Westamerica BanCorporation]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49002</guid>
		<description><![CDATA[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 2008 and 3 in 2007. Although the economy is showing signs of a gradual recovery with the stabilization of large financial institutions, small banks continue to be impacted by tumbling home prices, soaring loan defaults and a high unemployment rate. While we expect the overall economic recovery to gain momentum soon, there remain lingering concerns in the banking industry. Failure of both residential and commercial real estate loans as a result of the credit crisis ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/23/wabc-u-s-economy-hits-118-bank-failures-in-2010/49002/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorporation Unloads CDO Risks</title>
		<link>http://www.stockbloghub.com/2010/07/30/zion-zions-bancorporation-unloads-cdo-risks/45373</link>
		<comments>http://www.stockbloghub.com/2010/07/30/zion-zions-bancorporation-unloads-cdo-risks/45373#comments</comments>
		<pubDate>Fri, 30 Jul 2010 21:27:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=45373</guid>
		<description><![CDATA[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 total return-to-gain exposure and benefit from an asset without the risk of actually owning it. CDOs are a type of structured asset-backed security (ABS) whose value and payments are derived from a portfolio of fixed-income underlying assets. As a part of the deal, Deutsche Bank will take over all the credit risks of this particular CDO portfolio and provide timely payment of principal and all the interest when they become due to Zions. Though the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/30/zion-zions-bancorporation-unloads-cdo-risks/45373/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Prices $125 Million in Preferred Stock</title>
		<link>http://www.stockbloghub.com/2010/06/14/zion-zions-prices-125-million-in-preferred-stock/40420</link>
		<comments>http://www.stockbloghub.com/2010/06/14/zion-zions-prices-125-million-in-preferred-stock/40420#comments</comments>
		<pubDate>Mon, 14 Jun 2010 23:21:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JEF]]></category>
		<category><![CDATA[Jefferies Group Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USA]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=40420</guid>
		<description><![CDATA[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 Fixed-Rate Resettable Non-Cumulative Perpetual Preferred Stock. Further, in a situation to cover excess demand, the underwriters have been given a 30-day option to purchase additional shares up to 750,000 for total gross proceeds of around $18.75 million. Moreover, the preferred shares will be redeemable, in whole or in part on June 15, 2012. If not redeemed, the dividend rate on the shares will change around such dates. The new dividend rate will be equal to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/14/zion-zions-prices-125-million-in-preferred-stock/40420/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorp Trims Loss &#8211; Earnings Surpass Estimates</title>
		<link>http://www.stockbloghub.com/2010/04/20/zion-zions-bancorp-trims-loss-earnings-surpass-estimates/34394</link>
		<comments>http://www.stockbloghub.com/2010/04/20/zion-zions-bancorp-trims-loss-earnings-surpass-estimates/34394#comments</comments>
		<pubDate>Tue, 20 Apr 2010 20:08:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34394</guid>
		<description><![CDATA[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 on taxes and penalties from surrendering certain bank-owned life insurance contracts that got partially offset by a gain of 6 cents on the exchange of non-convertible subordinated debt to common stock. Excluding these, operating loss per share came in at 60 cents, substantially short of the Zacks Consensus Estimate for a loss of 94 cents. Results were helped by declining loan loss provision and net loan charge-offs Incorporatedrease in average non-interest bearing demand deposits, decrease in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/20/zion-zions-bancorp-trims-loss-earnings-surpass-estimates/34394/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WABC) Westamerica Bancorp Earnings Report Beats by a Penny</title>
		<link>http://www.stockbloghub.com/2010/04/14/wabc-westamerica-bancorp-earnings-report-beats-by-a-penny/33710</link>
		<comments>http://www.stockbloghub.com/2010/04/14/wabc-westamerica-bancorp-earnings-report-beats-by-a-penny/33710#comments</comments>
		<pubDate>Wed, 14 Apr 2010 21:23:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[WABC]]></category>
		<category><![CDATA[Westamerica BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33710</guid>
		<description><![CDATA[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 share. Excluding this, earnings was in line with the year-ago quarter. Overall results reflected increase in provision for loan losses, decrease in interest and non-interest income and increase in non-covered non-performing assets. These were partially offset by decrease in operating expenses, low cost of funding on loan and investment portfolios along with risk reduction in loan portfolio. During the reported quarter, net income applicable to common equity was $23.6 million, down from $52.2 million in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/14/wabc-westamerica-bancorp-earnings-report-beats-by-a-penny/33710/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorporation Sets Exchange Ratio for Notes</title>
		<link>http://www.stockbloghub.com/2010/03/27/zion-zions-bancorporation-sets-exchange-ratio-for-notes/31986</link>
		<comments>http://www.stockbloghub.com/2010/03/27/zion-zions-bancorporation-sets-exchange-ratio-for-notes/31986#comments</comments>
		<pubDate>Sat, 27 Mar 2010 20:54:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31986</guid>
		<description><![CDATA[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 &#38; Co., a wing of Goldman Sachs Group Inc. (GS), acted as Zions’ financial advisors in connection with the exchange offer. The offer will expire at the end of March 26. Accordingly, Zions has offered three series of its subordinated notes for the swap ? are the 2009?5.65% subordinated notes due 2014, the 2009?6.00% subordinated notes due 2015 and the 2009?5.50% subordinated notes due 2015. On the other hand, the swap ratios have been calculated based on the volume weighted average price of the stock for five consecutive trading days ended March 24, which came to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/27/zion-zions-bancorporation-sets-exchange-ratio-for-notes/31986/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010</title>
		<link>http://www.stockbloghub.com/2010/03/08/usb-fdic-figures-show-u-s-bank-failures-reach-26-in-2010/30010</link>
		<comments>http://www.stockbloghub.com/2010/03/08/usb-fdic-figures-show-u-s-bank-failures-reach-26-in-2010/30010#comments</comments>
		<pubDate>Mon, 08 Mar 2010 16:00:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30010</guid>
		<description><![CDATA[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 far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. While we expect economic recovery to gain momentum soon, there remain lingering concerns in the banking industry. Failure of both residential and commercial real estate loans as a result of the credit crisis has primarily hurt banks. As the industry tolerates bad loans made during the credit explosion, the trouble in the banking system goes even deeper Incorporatedreasing the possibility ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/08/usb-fdic-figures-show-u-s-bank-failures-reach-26-in-2010/30010/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorporation&#8217;s Note Conversion Update</title>
		<link>http://www.stockbloghub.com/2010/03/04/zion-zions-bancorporations-note-conversion-update/29785</link>
		<comments>http://www.stockbloghub.com/2010/03/04/zion-zions-bancorporations-note-conversion-update/29785#comments</comments>
		<pubDate>Thu, 04 Mar 2010 23:52:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29785</guid>
		<description><![CDATA[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&#8217; 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 will also pay cash for any accrued and unpaid interest up to but excluding the settlement date on any notes accepted in the exchange offer. For this, Zions’ management has put three series of non-convertible subordinated notes for the exchange offer. These are the 2009 5.65% subordinated notes due 2014, the 2009 6.00% subordinated notes due 2015 and the 2009 5.50% subordinated notes due 2015. The company has appointed Deutsche Bank Securities Inc. (DB) and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/04/zion-zions-bancorporations-note-conversion-update/29785/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorp Analysts Upgrade to Neutral</title>
		<link>http://www.stockbloghub.com/2010/02/23/zion-zions-bancorp-analysts-upgrade-to-neutral/28553</link>
		<comments>http://www.stockbloghub.com/2010/02/23/zion-zions-bancorp-analysts-upgrade-to-neutral/28553#comments</comments>
		<pubDate>Wed, 24 Feb 2010 02:47:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28553</guid>
		<description><![CDATA[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 positive effect on the earning power of the company. Zions’ fourth-quarter loss of $1.26 per share came in substantially lower than the Zacks Consensus Estimate of a loss of $1.66 per share primarily due to improvement in demand deposits, lower loan loss provisions and strong pricing on new loans. However, these were partially offset by a marginal increase in non-performing assets, credit-related impairment losses on Collateral Debt Obligation (CDO) securities and continued weakness in loan ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/23/zion-zions-bancorp-analysts-upgrade-to-neutral/28553/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WABC) Westamerica Bancorp Misses Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2010/02/08/wabc-westamerica-bancorp-misses-earnings-estimates/27322</link>
		<comments>http://www.stockbloghub.com/2010/02/08/wabc-westamerica-bancorp-misses-earnings-estimates/27322#comments</comments>
		<pubDate>Mon, 08 Feb 2010 18:14:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[WABC]]></category>
		<category><![CDATA[Westamerica BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27322</guid>
		<description><![CDATA[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 preferred stock requiring accelerated discount accretion of $0.52 million, which reduced earnings per share by 2 cents. Overall results reflected low cost of funding on loan and investment portfolios, risk reduction in loan portfolio and decrease in non-covered non-performing assets. These were partially offset by increase in the provision for loan losses and decrease in non-interest income. During the reported quarter, net income applicable to common equity was $23.3 million, up from $20.8 million in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/08/wabc-westamerica-bancorp-misses-earnings-estimates/27322/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorporation&#8217;s Loss Slims as They Beat Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2010/01/26/zion-zions-bancorporations-loss-slims-as-they-beat-earnings-estimates/26010</link>
		<comments>http://www.stockbloghub.com/2010/01/26/zion-zions-bancorporations-loss-slims-as-they-beat-earnings-estimates/26010#comments</comments>
		<pubDate>Tue, 26 Jan 2010 18:14:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26010</guid>
		<description><![CDATA[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 loss of $1.66. Results were helped by declining loan loss provision and net loan charge-offs Incorporatedrease in average non-interest bearing demand deposits and strong pricing on new loans. However, these were partially offset by a marginal increase in non-performing assets, credit-related impairment losses on CDO securities and continued weakness in loan demand. Tax-equivalent net interest income for the quarter decreased 3.2% sequentially and 7.4% year-over-year to $462.6 million. Net Interest Margin (NIM) declined 10 bps ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/26/zion-zions-bancorporations-loss-slims-as-they-beat-earnings-estimates/26010/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(ZION) Zions Bancorporation Replaces Cash with Stock for Top Executives</title>
		<link>http://www.stockbloghub.com/2009/12/31/zion-zions-bancorporation-replaces-cash-with-stock-for-top-executives/23985</link>
		<comments>http://www.stockbloghub.com/2009/12/31/zion-zions-bancorporation-replaces-cash-with-stock-for-top-executives/23985#comments</comments>
		<pubDate>Thu, 31 Dec 2009 15:50:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23985</guid>
		<description><![CDATA[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 was bailed out by a TARP fund of $1.4 billion in Nov. 2008. According to the rules set by the federal government, the executives of a beneficiary company have to forgo their hefty bonuses until the company exits the TARP. Therefore, Zions has considered the alternative of awarding shares under the name of “salary stock&#8221; to its executives, giving them the right on the company’s common stock. The units of the shares thus granted will ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/31/zion-zions-bancorporation-replaces-cash-with-stock-for-top-executives/23985/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(ZION) Zions Bancorporation Finishes Exchange Offer</title>
		<link>http://www.stockbloghub.com/2009/12/28/zion-zions-bancorporation-finishes-exchange-offer/23703</link>
		<comments>http://www.stockbloghub.com/2009/12/28/zion-zions-bancorporation-finishes-exchange-offer/23703#comments</comments>
		<pubDate>Mon, 28 Dec 2009 17:54:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23703</guid>
		<description><![CDATA[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 representing its Series A Preferred Stock to common stock, with an aggregate liquidation preference of approximately $140 million. The exchange offer expired on Dec 21, 2009. Post exchange offer, each of Zions’ Depositary Share represents a 1/40th ownership interest in a share of Series A Preferred Stock with a liquidation preference of $25.00 per Depositary Share. This is equivalent to $1,000 per share of Series A Preferred Stock. According to the preliminary information provided by ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/28/zion-zions-bancorporation-finishes-exchange-offer/23703/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorporation Shows Continued Losses</title>
		<link>http://www.stockbloghub.com/2009/10/20/zion-zions-bancorporation-shows-continued-losses/18268</link>
		<comments>http://www.stockbloghub.com/2009/10/20/zion-zions-bancorporation-shows-continued-losses/18268#comments</comments>
		<pubDate>Tue, 20 Oct 2009 22:29:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18268</guid>
		<description><![CDATA[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 short of the Zacks Consensus Estimated loss of $1.29. Results included the acquisition of the failed Vineyard Bank with FDIC assistance in July, which resulted in a pretax acquisition related gain of $146.2 million for the third quarter of 2009. It also included credit-related impairment losses on investment securities of $56.5 million compared to $42.0 million in second quarter of 2009. Tax-equivalent net interest income for the quarter decreased 3.5% sequentially and 3.2% year-over-year to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/20/zion-zions-bancorporation-shows-continued-losses/18268/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CVBF) FDIC Makes it 99 U.S. Bank Failures Reach in 2009</title>
		<link>http://www.stockbloghub.com/2009/10/19/cvbf-fdic-makes-it-99-u-s-bank-failures-reach-in-2009/18102</link>
		<comments>http://www.stockbloghub.com/2009/10/19/cvbf-fdic-makes-it-99-u-s-bank-failures-reach-in-2009/18102#comments</comments>
		<pubDate>Mon, 19 Oct 2009 16:26:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[CVB Financial Corporation]]></category>
		<category><![CDATA[CVBF]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18102</guid>
		<description><![CDATA[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 about $775 million in assets, $631 million in deposits and 5 branches. The bank had not been included in a previous list of 89 institutions that were undercapitalized as of March 31. But its first quarter amended filing showed that there were additional loan charge-offs and a higher net loss. As of June 30, San Joaquin Bank’s Tier 1 leverage ratio was 4.12% and the total risk-based capital ratio was 6.70%. Though the Tier 1 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/19/cvbf-fdic-makes-it-99-u-s-bank-failures-reach-in-2009/18102/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorporation &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2009/09/16/zion-zions-bancorporation-bear-of-the-day/15291</link>
		<comments>http://www.stockbloghub.com/2009/09/16/zion-zions-bancorporation-bear-of-the-day/15291#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:49:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15291</guid>
		<description><![CDATA[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&#8217;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 mix shift, another setback for the NIM. Management expects deposit growth to continue to lag loan growth and that a portion of future loan growth may be funded from alternative higher cost funding sources. The growth through acquisition model exposes the company to the risk of overpaying for targets. We are concerned about Zions commercial real estate [CRE] exposure. CRE represents over one-third of Zions overall loan portfolio. Continued weakness in the residential development and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/zion-zions-bancorporation-bear-of-the-day/15291/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JOYG) Joy Global &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2009/09/16/zion-joy-global-bull-of-the-day/15293</link>
		<comments>http://www.stockbloghub.com/2009/09/16/zion-joy-global-bull-of-the-day/15293#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:45:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[Joy Global Inc.]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15293</guid>
		<description><![CDATA[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 of mining equipment through value-added aftermarket services, which gives the company significant edge over its competitors. Additionally, the stable revenue stream from the high-margin aftermarket operations help Joy Global offset its cyclical original equipment business. Of late, Joy Global management has implemented several strategies to optimize cost-structure and realign production capacity to cope with the slowing customer orders and stay competitive amid the ongoing global slowdown. The company is pushing its overall inventory and working ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Bancorp- Bear of the Day</title>
		<link>http://www.stockbloghub.com/2009/09/04/zion-zions-bancorp-bear-of-the-day/14427</link>
		<comments>http://www.stockbloghub.com/2009/09/04/zion-zions-bancorp-bear-of-the-day/14427#comments</comments>
		<pubDate>Fri, 04 Sep 2009 23:37:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14427</guid>
		<description><![CDATA[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 real estate markets, where the company has a significant exposure, continues to hurt the results. Based on our concerns for further credit deterioration, particularly in the construction portfolio, we are maintaining our Underperform recommendation on the stock. Zacks Investment Research View original at: Zacks.com News Feed]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ZION) Zions Completes New Common Stock Offering</title>
		<link>http://www.stockbloghub.com/2009/09/01/zion-zions-completes-new-common-stock-offering/14094</link>
		<comments>http://www.stockbloghub.com/2009/09/01/zion-zions-completes-new-common-stock-offering/14094#comments</comments>
		<pubDate>Tue, 01 Sep 2009 21:37:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Pacific Banks]]></category>
		<category><![CDATA[Care Investment Trust Inc.]]></category>
		<category><![CDATA[CRE]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14094</guid>
		<description><![CDATA[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 million. Therefore, the cumulative offering totaled 16.8 common shares at an average price of $14.85 apiece. Net of commissions and fees, total proceeds were $245.7 million. The registered sales took place through a previously announced common equity distribution program via Goldman Sachs Group Inc. (GS). Given the recent interest in current market prices, the common stock offering was completed earlier than expected. Zions continues to suffer due to its significant exposure to the residential real ]]></description>
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		<slash:comments>0</slash:comments>
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