Zions Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of $501,766,000 compared to $473,559,000 a year ago. Income before income taxes income was $206,886,000 compared to $147,420,000 a year ago. Net earnings applicable to common shareholders were $124,990,000 or $0.60 diluted per share compared to $88,197,000 or $0.44 basic and diluted per share a year ago. Book value per common share was $34.10 at December 31, 2016 compared to $32.67 a year ago. Tangible book value per common share decreased to $29.06 at December 31, 2016, compared to $27.63 at September 30, 2016. Return on average assets was 0.89% against 0.68% a year ago. Return on average common equity was 7.10% against 5.17% a year ago. Tangible return on average tangible common equity was 8.40% compared to 6.20% a year ago.

For the year, the company reported total interest income was $1,954,314,000 compared to $1,833,471,000 a year ago. Income before income taxes income was $704,908,000 compared to $451,859,000 a year ago. Net earnings applicable to common shareholders were $411,309,000 or $1.99 diluted per share compared to $246,614,000 or $1.20 basic and diluted per share a year ago.

For the fourth quarter, the company's total net charge-offs were $27 million.

For the fiscal year 2017, the company's effective tax rate to be in the 34% to 35% range barring any meaningful changes in the tax code.