Zions Bancorporation announced that its board of directors authorized a share repurchase program for fiscal year 2025. The authorization allows for the repurchase of up to $40 million of the company's common stock. This decision reflects the board's confidence in the company's financial health.
Share repurchases are a common method for companies to return capital to shareholders. This program indicates Zions Bancorporation's commitment to enhancing shareholder value. The authorization provides flexibility for capital management throughout the fiscal year.
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