SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Monday reported first-quarter profit of $153 million.
The Salt Lake City-based bank said it had earnings of 96 cents per share. Earnings, adjusted for non-recurring costs, were $1.03 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The financial holding company posted revenue of $1.21 billion in the period. Its revenue net of interest expense was $752 million, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $747.2 million.
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