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The Q4 loss of $59.4M or $0.32 per share comes as the bank books a loss of $142M or $0.47 per share on the Volcker rule-inspired sale of a portion of its CDO book.

Loans and leases increased $795M during quarter to $38.7B. Increases primarily came from C&I loans mostly in CA and TX, and in 1-4 family mortgages in TX and UT.

Net interest income of $432M up from $416M with NIM of 3.33% up 11 basis points.

Noninterest loss of $31M thanks to the above-mentioned CDO activity.

Noninterest expense of $495M up from $371M in Q3 with mostly one-time items the reason, but professional and legal services of $23.9M up from $16.5M due to consulting expense for the CCAR submission.

Nonperforming lending-related assets off 16% to $453M. Nonperforming loan ratio of 1.15% falls from 1.4%.

CC at 5:30 ET

ZION flat AH

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