WASHINGTON (dpa-AFX) - Zions Bancorporation (ZION), a bank and financial holding company, Monday, reported an increase in profit for the second quarter. The Salt Lake City, Utah-based company reported a second-quarter net earnings applicable to common shareholders of $55.2 million or $0.30 per share, compared to $29.0 million or $0.16 per share last year.
Non-GAAP net earnings for the quarter were $72.9 million or $0.40 per share. On average, 25 analysts polled by Thomson Reuters expected earnings of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter grew to $431.99 million from $416.17 million in the year-ago period, while total non-interest income dropped to $123.02 million from $128.35 million in the prior-year quarter.
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