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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Jul. 31, 3:35 PM

Slide #12. Zions Bancorporation Secondary Offering

Company: Zions Bancorporation (NASDAQ:ZION)
Date announced: 7/28/2014
Shares Offered: 17,617,449
Date of Pricing: 7/28/2014
Price Per Share: $29.80
Secondary Offering Details: Zions Bancorporation (NASDAQ: ZION) ("Zions") announced today that it has commenced a public offering of $525 million of its common stock pursuant to a prospectus supplement dated July 28, 2014 to its prospectus dated April 21, 2014. Zions intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the amount of common stock offered. - updated 7/28 - Zions Bancorporation ("Zions") announced today that it has priced its public offering of $525 million of its common stock. The public offering price of each share of common stock is equal to $29.80. Net of commissions and fees, the proceeds to the Company are expected to be approximately $514.0 million. Zions intends to use the net proceeds of this offering for general corporate purposes. Zions expects to close the sale of shares of common stock on July 31, 2014. Zions has granted the underwriters a 30-day option to purchase up to an additional 15% of the amount of common stock offered.

Zions is a financial holding company. Through its subsidiaries, Co. provides banking and related services primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, and Oregon. Co. provides a range of commercial and retail banking and mortgage lending products and services. Co. also provides personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposits, trust services, safe deposit facilities, direct deposit, and Internet and mobile banking. As of Dec 31 2013, Co. had total assets of $56.03 billion and total deposits of $46.36 billion.

Preferreds: ZB.PRA, ZB.PRB, ZB.PRC, ZB.PRF, ZB.PRG, ZB.PRH


Open the ZION Page at The Online Investor »

Company Name:  Zions Bancorporation
Website:  www.zionsbancorporation.com
Sector:  Banking & Savings
Number of ETFs Holding ZION:  60
Total Market Value Held by ETFs:  $554.82M
Total Market Capitalization:  $5.42B
% of Market Cap. Held by ETFs:  10.23%
 

Open the ZION Page at The Online Investor (in a new window) »

July 31, 2014    3:35 PM Eastern
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Hold (2.50 out of 4)
16th percentile
(ranked lower than approx. 84% of all stocks covered)
Based on Zacks ABR data;
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