Zions Bancorp Reports Strong Q4 Earnings, Exceeding Expectations
SALT LAKE CITY, Utah -- Zions Bancorp (ZION) announced its fourth-quarter financial results on Tuesday, posting a net income of $216 million. This translates to earnings per share of $1.34, surpassing Wall Street's estimates of $1.26.
The bank's revenue for the period stood at $1.25 billion, with net interest income reaching $832 million. Both figures exceeded analysts' expectations, with six analysts polled by Zacks Investment Research projecting revenue of $792.5 million.
For the full year, Zions Bancorp reported a profit of $784 million, equivalent to $4.95 per share. Its annual revenue amounted to $3.18 billion.
These positive results demonstrate the company's continued financial strength and its ability to navigate the current economic environment.