Shares of Zions Bancorp. jumped 7.9% after hours on Wednesday after the regional bank reported a profit that topped expectations, with executives citing a.
Paying higher rates to customers should help stem deposit outflows at the Salt Lake City bank. But it's expected to contribute to a projected 7% drop in net interest income during the second quarter.
Zions Bancorporation missed estimates for quarterly profit on Wednesday as higher provisions to cover loan losses offset the impact of rising rates on its interest income.. | April 19, 2023