Zions Bancorporation To Report First Quarter 2016 Earnings Results And Updates Warrant Information

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Mar 18, 2016, 01:42 ET

SALT LAKE CITY, March 18, 2016 /PRNewswire/ -- Zions Bancorporation (Nasdaq: ZION) announced today that it will report its first quarter 2016 results after the NASDAQ close on Monday, April 25, 2016. A conference call discussing the quarterly results will be held at 5:30 p.m. ET on the same day. Forward looking and other material information may be discussed on this conference call.

Media representatives, analysts and the public are invited to listen to the conference call by dialing (253) 237-1247 (domestic and international) and entering the passcode 72743364. Live audio of the call will be simultaneously broadcast over the internet and may be accessed on the company's website at www.zionsbancorporation.com. The webcast will be archived and available for 30 days.

Additionally, Zions announced today that in accordance with the terms of the outstanding warrants to purchase common stock of Zions issued in May and October of 2010 (NASDAQ: ZIONW), the exercise price of the warrants has been reduced to approximately $36.05 per share from approximately $36.14 per share, and the warrant share multiplier has been increased to 1.0160 from 1.0136, effective as of February 18, 2016.

These adjustments resulted from the payment of a dividend on the common stock of Zions in the amount of $0.06 per share paid on February 25, 2016, which is in excess of the dividend threshold amount of $0.01 per share per quarter in the terms of the warrants, and a trailing 10-day average price of Zions' common stock prior to the ex-dividend date of February 16, 2016. For further information, please see zionsbancorporation.com, under the heading Stock Information – Warrant Information.

Zions Bancorporation is one of the nation's premier financial services companies with total assets of approximately $60 billion. Zions operates under local management teams and unique brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company is a national leader in Small Business Administration lending and public finance advisory services, and is a consistent top recipient of Greenwich Excellence awards in banking. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorp.com.