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Zions Bancorporation turns to loss in Q3

Posted on: Tue, 20 Oct 2009 09:39:00 EDT

Symbols: ZION

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Oct 20, 2009 (Datamonitor via COMTEX) --
ZION | Quote | Chart | News | PowerRating -- Zions Bancorporation has reported a net loss applicable to common shareholders of $179.5 million, or $1.41 per diluted share, for the third quarter ended September 30, 2009, compared to net earnings applicable to common shareholders of $33.35 million, or $0.31 per diluted share, for the third quarter ended September 30, 2008.

Net interest income for the third quarter of 2009 declined 3.24% to $476.05 million from $492 million for the third quarter of 2008.

The company has reported a net loss applicable to common shareholders of $1.07 billion, or $8.99 per diluted share, for the first nine-month period ended September 30, 2009, compared to net earnings applicable to common shareholders of $207.39 million, or $1.93 per diluted share, for the first nine-month period ended September 30, 2008.

For the first nine months of 2009, net interest income was $1.44 billion, compared to $1.46 billion for the prior-year period.

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