Daily Herald | Posted: Thursday, April 20, 2006 11:00 pm
Banks
Wells Fargo makes Top 50 list for diversity -- Wells Fargo ranked 17th among the nation's top 50 companies for corporate diversity, according to DiversityInc., an industry publication.
The company was rated on CEO commitment, human capital, corporate communications and supplier diversity.
"Wells Fargo's commitment to diversity starts with its leadership and extends to all aspects of its business," said Luke Visconti, partner and cofounder of DiversityInc.
Zions Bank's first-quarter net income up 25 percent to $137.6M -- Robust growth in loans and net interest margins lifted Zions Bancorp.'s net income to $137.6 million, or $1.28 earnings per diluted share, for the first quarter ended March 31, from $110.2 million, or $1.20 a share a year ago.
Its fiscal first quarter earnings include $3.6 million in after-tax merger-related expenses related to the acquisition of Amegy Corp. in December and other costs.
"We expect to see additional expense savings in future quarters resulting from the successful conversion of Amegy systems and further integration of corporate functions," said Harris H. Simmons, chairman and chief executive officer.
Strong growth in commercial and real estate loans helped boost Zions' net loans and leases to $31.1 billion for the first fiscal quarter, up 14 percent from $23 billion a year ago. The bank's total deposits rose to $32.9 billion, up 2.8 percent from $32.6 billion.
This story appeared in The Daily Herald on page D6.