Zions Bancorp missed analyst estimates for Q1, yet earnings rose YoY.
The bank continues to face higher credit losses in the energy sector, but higher NII is allowing the company to thrive.
Despite the recent rally, the regional bank stock still trades below book value.
Over the last year, Zions Bancorporation (NASDAQ:ZION) has provided a good gauge for regional banks and the general impact of energy loans on the financial sector. On Monday, the bank again provided an update on the energy sector after reporting Q1 earnings that could provide clues for other banks and the market in general.