Zions Bancorp ( ZION) cut fourth-quarter guidance, saying three one-time events will cut quarterly earnings by 14 cents a share. The Salt Lake City-based bank said Thursday that it expects to incur a $10.9 million loss on provisions related to an equipment lease made to a water bottling company that is being investigated for alleged accounting fraud. In addition, Zions expects to take $7.3 million in expenses on the early redemption of $176.3 million of trust preferred stock. Calling this issue is expected to reduce pretax interest expense by $14.5 million on an annual basis, the company said. Zions also declared a preferred stock dividend of $3.8 million last month, which was declared in advance so that it could repurchase stock. It will reduce earnings by 4 cents a share. Zions said fourth-quarter earnings will range between $1.31 and $1.33. Prior to the announcements, analysts were predicting earnings of $1.44 a share. Investors didn't seem too worried. Shares were down just 38 cents, to $83.74. "We do not believe that any of the charges Zions announced today should be considered core," writes Heather Wolf, a research analyst at Merrill Lynch, in a note. The loss on the equipment lease "is not indicative of any systemic credit issues" and the other two charges are related to a previously announced balance sheet restructuring "which we viewed positively." Zions also said it will sell insurance agency Grant-Hatch & Associates, as well as certain books of business booked in ZionsDirect and Zions Insurance Agency, to the Leavitt Group.