Zions Bancorp (NASDAQ: ZION) reported Q2 EPS of $0.89, $0.03 worse than the analyst estimate of $0.92.

Net earnings applicable to common shareholders for the second quarter of 2018 of $187 million, or $0.89 per diluted common share, compared with net earnings applicable to common shareholders of $154 million, or $0.73 per diluted common share, for the second quarter of 2017 and net earnings applicable to common shareholders of $231 million, or $1.09 per diluted common share, for the first quarter of 2018.

Harris H. Simmons, Chairman and CEO, commented, "Second quarter results reflect continued strong credit quality, tempered by modest linked-quarter loan growth. We experienced net recoveries this quarter and only three basis points of net loan losses as a percentage of total loans over the past twelve months. At the same time, competitive pressures in the market for commercial real estate loans led to additional runoff in that portfolio as we've exercised discipline with respect to pricing and terms, muting overall loan growth." Mr. Simmons continued, "We're encouraged by recent legislative and regulatory developments that should provide us with greater flexibility with respect to capital management, and we expect that we will be able to increase the pace of capital distribution in coming quarters. We're also optimistic that, pending shareholder approval, we\'ll be able to complete the planned merger of Zions Bancorporation into its subsidiary, ZB, N.A., by the end of the third quarter, leading to a more efficient regulatory structure for the company."

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