Zions Bancorporation saw its stock price decline after reporting first-quarter results that missed expectations for net interest income and margins. Despite a beat on GAAP earnings, investors reacted negatively to the core lending metrics.
- Stock price declined 1.81% to $61.91 after hours
- GAAP earnings exceeded analyst expectations
- Net interest income failed to meet estimates
- Net interest margin missed projected targets
- Market reaction focused on core lending metrics over headline earnings
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