UPDATE: Zions Bancorp Q4 Profit Drops 35%
Zions Bancorp (NASDAQ: ZION) reported a 35% drop in its fourth-quarter earnings.
Zions' quarterly profit fell to $58.3 million, from $89 million, in the year-ago period. Its per-share earnings declined to $0.19 from $0.24. However, analysts expected earnings of $0.41 per share.
Its total interest income declined 6.9% to $498.3 million. However, noninterest income dropped 47% to $54.2 million.
Zions shares closed at $22.89 yesterday.
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