SAN FRANCISCO (Thomson Financial) - Zions Bancorp. late Thursday reported
second-quarter net earnings of $72.2 million, or 65 cents a share, below the
mean 74-cent estimate of analysts polled by Thomson Reuters.
Net income in the year-earlier quarter was $159.2 million, or $1.43 a share.
The results include impairment losses of 22 cents a share.
Net interest income for the quarter ended June 30 was $484.7 million versus
$469.3 million a year earlier.
The provision for loan losses rose more than sixfold to $114.2 million from
$17.8 million a year earlier.
Nonperforming assets rose to $697.4 million, or 1.66% of net loans and
leases and other real estate owned, up from $434.3 million a year earlier.
The stock closed the regular session up $3.97, or 17%, at $27.51.
Brigid Gaffikin
bg/kh
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