Zions Bancorporation rises after Q2 profit jumps
** Shares of regional lender Zions BancorporationZION.O rise 3.3% to $51.10 in extended trading
** Co posts Q2 net earnings applicable to common shareholders of $1.28/shr, up from $1.11/shr a year earlier
** Q2 net interest income - the difference between what a bank earns on loans and pays out on deposits - inched up 1% to $597 mln compared to last year
** Elevated interest rates helped the bank earn more from loans and offset the hit from higher deposit costs
** Net interest margin - a key gauge of profitability - rose to 2.98% in the quarter from 2.92% a year earlier
** Q2 provision for credit losses fell to $5 mln from $46 mln a year earlier
** ZION expects Q2 2025 NII to be "slightly to moderately increasing" compared to Q2 2024, as loan repricing is expected to cushion the hit from deposit costs
** Up to last close, ZION shares up 12.8% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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