Zions Bancorporation Falls 3% After Earnings

Zions Bancorporation

released its fiscal fourth quarter earnings results after the closing bell on Monday. The company reported net earnings applicable to common shareholders of $44.4 million or $0.24 per share, compared to a loss of $110.3 million or $0.62 per share, in last year's fourth quarter. On an adjusted basis, which is comparable to analysts' consensus estimates, ZION reported earnings of $53.5 million or $0.30 per share. This compared to Wall Street analysts' consensus EPS estimates of $0.30. Revenues came in at $560.2 million which was less than Street consensus estimates of $581.1 million. In the after hours trading session, ZION shares have lost 3% to $17.99.