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Zions: 4Q Earnings Snapshot

SALT LAKE CITY (AP) _ Zions Bancorp (ZION) on Tuesday reported fourth-quarter earnings of $226 million.

The Salt Lake City-based bank said it had earnings of $1.08 per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The financial holding company posted revenue of $796 million in the period. Its revenue net of interest expense was $716 million, also beating Street forecasts. Ten analysts surveyed by Zacks expected $712.5 million.

For the year, the company reported profit of $884 million, or $4.08 per share. Revenue was reported as $2.78 billion.

Zions shares have climbed 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5 percent. In the final minutes of trading on Tuesday, shares hit $46.53, a fall of 13 percent in the last 12 months.


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