3. Zions BancorporationCompany Profile Shares of Zions Bancorporation ( ZION) of Salt Lake City closed at $22.45 Wednesday, returning 75% year-to-date. Income Statement The company reported a third-quarter net loss to common shareholders of $80.5 million, or 47 cents a share, compared to a loss of $181.9 million, or $1.43 a share, a year earlier. Once again, the main driver of the earnings improvement was a reduced provision for loan loss reserves of $184.7 million, from $565.9 million during the third quarter of 2009. A very nice development for the company was loan originations totaling $2.4 billion during the third quarter, increasing from $480 million a year earlier. The net interest margin was 3.84% during the third quarter, compared 3.91% in the third quarter of 2009. Balance Sheet Total assets were $51.1 billion as of September 30, and the nonperforming assets ratio was 4.76%, declining from 4.90% in September 2009. The company owes $1.4 billion in TARP money and reported a Tier 1 leverage ratio of 12.00% and a total risk-based capital ratio of 16.54% as of September 30. The tangible common equity ratio was 7.03% and during the first three quarters of 2010 the company raised $515.3 million in common equity, according to SNL Financial. Stock Ratios The shares trade for 1.1 times tangible book value according to SNL. Analysts expect the company to return to profitability in the third quarter of 2011. The shares trade for 11.9 times the consensus earnings estimate of $1.88 for 2012 of $1.88 a share. Analyst Ratings Out of 28 analysts covering the shares, seven rate Zions Bancorporation a buy, 19 recommend investors hold the shares and two analysts recommend selling the shares.