SCHEDULE 13G: State Street Corporation Discloses Passive Stake in Zions Bancorp NA

State Street Corporation has filed a Schedule 13G, disclosing its beneficial ownership of 4.7% of Zions Bancorp NA's common stock as of March 31, 2025.

Summary

• State Street Corporation, a parent holding company, has filed a Schedule 13G with the SEC regarding its beneficial ownership in ZIONS BANCORP NA.
• As of March 31, 2025, State Street Corporation beneficially owned 6,956,126 shares of ZIONS BANCORP NA common stock.
• This ownership represents 4.7% of the class of securities.
• State Street Corporation holds shared voting power over 1,026,514 shares and shared dispositive power over 6,956,126 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of ZIONS BANCORP NA.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory disclosure of passive ownership and does not contain information that would significantly alter sentiment positively or negatively.

Positives

• The disclosure indicates continued institutional interest in Zions Bancorp NA by a major financial institution, State Street Corporation.
• The filing confirms that State Street's stake is passive, held in the ordinary course of business, and not intended to influence or change control of the issuer, which can provide stability.

Risks

• The document does not detail specific risks related to Zions Bancorp NA's operations or financial health, as it is an ownership disclosure filing.

Future Outlook

The document, a Schedule 13G, is a disclosure of current ownership and does not provide any forward-looking statements or guidance regarding Zions Bancorp NA's future performance or State Street Corporation's investment strategy beyond the passive nature of the holding.

Management Comments

• Elizabeth Schaefer, Senior Vice President and Chief Accounting Officer of State Street Corporation, certified that 'to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.'

Industry Context

This filing is a routine disclosure by a large institutional investor, State Street Corporation, regarding its passive stake in Zions Bancorp NA, a regional banking institution. Such filings are common and reflect the ongoing portfolio management activities of major asset managers within the financial services industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, indicating continued institutional interest.
• Management: Informs management of the composition of their shareholder base, specifically the presence of a large, passive institutional investor.

Next Steps

• State Street Corporation will continue to monitor its investment in Zions Bancorp NA and file amendments to this Schedule 13G as required by SEC regulations if its beneficial ownership percentage changes significantly or if its investment intent shifts.

Key Dates

Keywords

Zions Bancorp NA, State Street Corporation, SEC filing, Schedule 13G, institutional ownership, common stock, banking, financial services, passive investment