Zions Likely to Increase Its Capital Return While the Bank Searches for Loan Growth
During Zions' second quarter, the bank continued to find loan growth to be elusive. Although the bank’s loans increased by 3.4% from the previous year, sequential loan growth was only 0.3%. We appreciate the bank's cautious philosophy, but we think the bank's loan growth highlights some of the challenges of being a midsize bank without a moat. The competition for new opportunities is substantial, leading Zions and similar banks to compete mostly on price. Despite Zions' struggles to increase loa...Zions is a commercial bank. The company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company provides community banking services through its main business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; capital markets activities, including municipal finance advisory and underwriting; and investment activities.
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