Zions Bancorporation, National Association Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 22, 2019 at 09:10 pm
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Zions Bancorporation, National Association announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 576 million compared to USD 526 million a year ago. Net income was USD 226 million compared to USD 123 million a year ago. Basic earnings per share was USD 1.14 compared to USD 0.57 a year ago. Diluted earnings per share was USD 1.08 compared to USD 0.54 a year ago. For the full year, net interest income was USD 2,230 million compared to USD 2,065 million a year ago. Net income was USD 884 million compared to USD 592 million a year ago. Basic earnings per share was USD 4.36 compared to USD 2.71 a year ago. Diluted earnings per share was USD 4.08 compared to USD 2.6 a year ago.
Zions Bancorporation, N.A. is a premier financial services company. It provides a range of banking products and related services, primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It conducts its operations primarily through seven managed and geographically defined bank divisions, each with its own local branding and management. Its products and services include commercial and small business banking, capital markets and investment banking, commercial real estate lending, retail banking, and wealth management. Its commercial business banking products and services include commercial and industrial and owner-occupied lending and leasing, municipal and public finance services, and corporate trust services. Its capital markets and investment banking products and services include loan syndications, fixed income securities underwriting, and advisory and capital raising, and Power and project financing.