Federal Reserve does not object to Zions Bancorp FY14 capital plan The Federal Reserve's Board of Governors has notified Zions Bancorporation that it did not object to the capital actions as outlined in its 2014 capital plan, as resubmitted to the Federal Reserve on April 30. Capital actions contemplated by the plan included the continued payment of preferred and common dividends at the current rates. The resubmitted plan included a proposed issuance of $400M of common equity in Q3, however, Zions has determined to increase that amount.
Zions Bancorp reports Q3 EPS 40c, consensus 44c The estimated Tier 1 common equity ratio increased to 11.88% at September 30. Net loans and leases held for investment increased $110M to $39.7B. The allowance for credit losses was $690M. Tangible book value per share for Q3 was $26.00.