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.

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