SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Tuesday reported fourth-quarter net income of $216 million.
The bank, based in Salt Lake City, said it had earnings of $1.34 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The financial holding company posted revenue of $1.25 billion in the period. Its revenue net of interest expense was $832 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $792.5 million.
For the year, the company reported profit of $784 million, or $4.95 per share. Revenue was reported as $3.18 billion.
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