Zions Bancorp. said Monday that it lost $832.2 million in the first quarter, or $7.29 a share.

The $54.5 billion-asset Salt Lake City company reported a noncash goodwill impairment loss of $634 million, or $5.55 a share, at its Amegy Bank of Texas. Zions also posted impairment and valuation losses on securities of $249 million, or $1.35 a share, of which $182 million were related to its downgraded Lockhart securities.

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.