Zions Bancorp. reported a loss of $135 million, or 84 cents a share, on Monday, though it continued to slim down its nonperforming assets.
The Salt Lake City company's losses exceeded analysts' consensus expectation for a 49 cent deficit for the second quarter.
But delinquent loans fell nearly $120 million, to $482 billion, and provisioning fell $37 million, the fourth quarter in a row in which the figure declined. Much of the improvement came from Zions' shrinking construction-related lending portfolio.