Zions Bancorp Announces Drop In Q4 Bottom Line, but beats estimates

(RTTNews) - Zions Bancorp (ZION) reported a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $207 million, or $1.34 per share. This compares with $275 million, or $1.66 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Zions Bancorp earnings at a glance (GAAP) :

-Earnings (Q4): $207 Mln. vs. $275 Mln. last year. -EPS (Q4): $1.34 vs. $1.66 last year. -Analyst Estimates: $1.31