SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Monday reported second-quarter net income of $453 million.
The bank, based in Salt Lake City, said it had earnings of $3.05 per share. Earnings, adjusted for non-recurring gains, were $1.74 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The financial holding company posted revenue of $1.21 billion in the period. Its revenue net of interest expense was $879 million, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $879.2 million.
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