Zions Bancorporation Reports Q4 EPS of $(0.62)

Zions Bancorporation ZION today reported a fourth quarter net loss applicable to common shareholders of $110.3 million or $0.62 per diluted share, compared to a net loss of $80.5 million or $0.47 per diluted share for the third quarter of 2010. Excluding the noncash effects of the discount amortization on convertible subordinated debt and additional accretion on acquired loans, the net loss was $44.1 million or $0.25 per diluted share for the fourth quarter and $51.2 million or $0.30 per diluted share for the third quarter.