Zions Bancorporation (NASDAQ:ZION) reported mixed results for the first quarter on Monday.
The company posted quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.42 per share. The company reported quarterly sales of $849.000 million which missed the analyst consensus estimate of $854.612 million.
Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, “Our first quarter results were solid, with diluted earnings per share rising 38% to $1.56 from $1.13 in the same quarter last year. Adjusted pre-tax pre-provision net revenue increased 13%, as adjusted taxable-equivalent revenue rose 7.4% and adjusted operating expenses increased 4.7%, resulting in positive operating leverage of 2.7%. We were particularly pleased …