Zions Bancorporation's quarterly earnings soar
Zions Bancorporation had a good second quarter, almost doubling its net earnings from the same period a year ago.
The Salt Lake City-based company reported net earnings of $104.5 million, or 56 cents a share, for the second quarter. A year ago, net earnings were just $55.4 million, yielding 30 cents per share to stockholders.
Net loans and leases held for investment increased $432 million, about 1.1 percent, for the quarter ending June 30 and now total $39.6 billion.