SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Monday reported second-quarter net income of $201 million.
The Salt Lake City-based bank said it had earnings of $1.28 per share. Earnings, adjusted for non-recurring gains, were $1.21 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The financial holding company posted revenue of $1.25 billion in the period. Its revenue net of interest expense was $787 million, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $761.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZION at https://www.zacks.com/ap/ZION