Zions Bancorporation (ZION: Quote), a bank and financial holding company, Monday, reported a decline in profit for the fourth quarter. The Salt Lake City, Utah-based company reported a fourth-quarter net earnings applicable to common shareholders of $35.6 million or $0.19 per share, compared to $44.4 million or $0.24 per share in the comparable quarter last year.
Non-GAAP net earnings for the quarter were $38.8 million. On average, 26 analysts polled by Thomson Reuters expected earnings of $0.39 per share for the quarter. Analysts’ estimates typically exclude special items.
Net interest income for the quarter dropped to $498.2 million from $535.0 million in the year-ago period, while total non-interest income was 54.1 million, down from $102.4 million in the prior-year quarter.
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by RTT Staff Writer
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