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Zions Bancorporation reported a strong fourth quarter with net earnings of $200 million and diluted EPS of $1.34. The company saw improvements in net interest income, operating performance, and customer-related noninterest income. Loan losses were higher, but nonperforming loans decreased relative to the third quarter.
Net earnings were $200 million, with diluted EPS of $1.34.
Net interest income increased by 8% to $627 million.
Customer-related noninterest income rose by 15% to $173 million.
Estimated CET1 capital ratio was 10.9%.
Zions Bancorporation is optimistic about sustained growth, continued improvement in net interest margin, and increased profitability in the coming year.