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1Q profit jumps at Utah’s Zions on fewer bad loans

Published April 22, 2013

1Q profit jumps at Utah’s Zions on fewer bad loans by Paul Beebe The Salt Lake Tribune Published Apr 22, 2013 02:47PM MDT Zions Bancorp on Monday reported sharply higher first-quarter net income as it wrote off fewer bad loans and saw demand for new loans pick up moderately. The Salt Lake City-based banking company earned $88.3 million, or 48 cents per share, in the quarter ending March 31, easily beating the consensus prediction of analysts who were looking for 39 cents per share. The earnings were almost three times more than what Zions posted in the same quarter last year. Net income then was $25.5 million, or 1... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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