Overview
- Net income rose to $221 million, or $1.48 per share, from $204 million, or $1.37, a year earlier.
- Net interest income increased to $672 million from $620 million, supporting stronger quarterly results.
- The bank recorded a third‑quarter loss tied to two commercial and industrial loans in its California division that totaled about $50 million.
- Zions had previously flagged a provision of approximately $60 million related to those borrowers, while executives said other net charge‑offs were a benign $6 million.
- Shares gained roughly 2% after the report, following last week’s brief sector selloff and subsequent rebound as investors reassessed regional bank credit risk.