Zions Bancorporation (ZIONZ) has reported a 43.99 percent jump in profit for the quarter ended Jun. 30, 2014. The company earned $119.55 million or $0.56 a share in the second quarter compared with $83.03 million or $0.30 a share, a year ago. Analysts on average had predicted net income of $0.45 a share.

Revenue during the second-quarter went down marginally 2.64 percent to $541.13 million from $555.80 million in the last year period.

Net interest income for the quarter dropped 3.34 percent over the prior year period to $416.28 million.

Non-interest income for the quarter fell 0.24 percent over the last year period to $124.85 million.

Zions Bancorporation has made negative provision of $54.42 million for loan losses during the quarter, compared with negative $21.99 million in the same period last year.

Total assets stood at $55111.28 million as on Jun. 30, 2014, up 0.38 percent compared with $54904.54 million on Jun. 30, 2013.

While total liabilities stood at $48411.18 million as on Jun. 30, 2014, up 0.38 percent from $48044.21 million on Jun. 30, 2013.

Shares of Zions Bancorporation declined $0.19 or 5.36 percent to settle at $3.38 on Monday.