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Zions Bancorp. Management Discusses Q2 2012 Results - Earnings Call Transcript

So with that brief overview, I'm going to turn the time over to our Vice Chairman and Chief Financial Officer, Doyle Arnold, to review in a little more detail the quarterly performance. Doyle?

Doyle L. Arnold

Thank you, Harris. Good afternoon, everyone. Good evening to those of you on -- in the Eastern Time zone. As noted in the release, we posted net income applicable to common shareholders of $55.2 million or $0.30 per diluted common share for the quarter. As we've done in past quarters, we've also presented to you the earnings in a way that excludes the noncash sub debt amortization costs and the FDIC loan discount accretion. We believe this information is useful to longer-term-oriented investors as we don't expect those income and expense items to be with us in the perpetuity. And on that basis, the earnings available to common were $0.40 per share.

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