Zions Bancorporation (ZION) reported fourth-quarter net income to shareholders of $73.21 million or $0.36 per share, compared to a loss of $59.44 million or $0.32 per share, prior year. The company's prior year fourth-quarter earnings per share were adversely impacted by impairment losses on collateralized debt obligation securities as a result of the Volcker Rule and the risk reduction strategies.
On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.
Net interest income totalled $430.43 million, compared to $432.04 million, last year. Total noninterest income was $129.40 million, for the quarter. Analysts expected revenue of $555.29 million for the quarter.
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