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Zions Bancorporation Improves Third Quarter Earnings and Integrates Multi-family Servicing Business

The Motley Fool +1 ·

ZION
ZION Zions Bancorporation N.A
$64.63 +2.36%
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  1. 1Zions Bancorporation's third quarter available net income per common share rose 20% to $262 million compared to $1.48 last year.
  2. 2Zions Bancorporation integrated the acquisition of Basis Investment Group's multi-family servicing business during the third quarter.
  3. 3Zions Bancorporation's third quarter net interest margin was 3.23%.

So what's the key point?

Zions Bancorporation's third quarter earnings increased by 20% compared to last year as it merged its multi-family lending business. This means the company generated more profit through its business integration.

Source The Motley Fool +1 · View original ↗

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