SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Tuesday reported fourth-quarter earnings of $263 million.
The Salt Lake City-based bank said it had earnings of $1.76 per share. Earnings, adjusted for non-recurring gains, came to $1.75 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The financial holding company posted revenue of $1.25 billion in the period. Its revenue net of interest expense was $902 million, also beating Street forecasts. Five analysts surveyed by Zacks expected $864.4 million.
For the year, the company reported profit of $899 million, or $6.01 per share. Revenue was reported as $3.43 billion.
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