SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Zions Bancorp (ZION) on Monday reported fourth-quarter net income of $126 million.
The Salt Lake City-based bank said it had earnings of 78 cents per share. Earnings, adjusted for non-recurring costs, came to $1.29 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The financial holding company posted revenue of $1.19 billion in the period. Its revenue net of interest expense was $741 million, which missed Street forecasts. Nine analysts surveyed by Zacks expected $754.8 million.
For the year, the company reported profit of $680 million, or $4.35 per share. Revenue was reported as $3.16 billion.
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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