Zions Bancorp's first-quarter loss narrowed much more sharply than analysts' expected, as the Utah-based regional bank's charge-offs and loan-loss provision eased from the fourth quarter.

Shares were up 2.2% at $26 after hours. The stock has risen more than two-thirds from its level a year earlier, when it was on the mend from a 17-year low.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.