Zions Bancorp (ZION) Misses Q3 EPS by 1c

Zions Bancorp (NASDAQ: ZION) reported Q3 EPS of $0.72, $0.01 worse than the analyst estimate of $0.73.

Harris H. Simmons, Chairman and CEO, commented, "Our third quarter earnings reflect moderate loan growth and continued improvement in credit quality. Furthermore, the year-to-date efficiency ratio, at 62.6%, is on track to meet the cost objective we established for 2017. The quarterly results were impacted by Hurricane Harvey, which led us to provide financial relief to affected employees in Texas, and to set aside additional reserves for any credit-related impact from the storm." Mr. Simmons continued, "We are pleased with the quarterly earnings result, and look forward to continued progress in simplifying our business, meeting our customers\' needs and improving our profitability in the year ahead."

For earnings history and earnings-related data on Zions Bancorp (ZION) click here.

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