SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Monday reported second-quarter earnings of $244 million.
The bank, based in Salt Lake City, said it had earnings of $1.63 per share. Earnings, adjusted for non-recurring gains, were $1.58 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The financial holding company posted revenue of $1.24 billion in the period. Its revenue net of interest expense was $851 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $815.5 million.
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