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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.

Posted-In: profitEarnings News

 

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