LV bank results mixed

Monday, April 26, 1999 | 12:32 p.m.

Several banks operating in Nevada reported mixed quarterly earnings.

U.S. Bancorp, Minneapolis, earned $366.8 million or 50 cents per share, up from $328.5 million or 44 cents.

First Security Corp., Salt Lake City, owner of First Security Bank, reported record net income of $64.9 million, up 5.7 percent from the year-ago quarter. Earnings per share of 34 cents were up 2 cents.

Comstock Bancorp of Reno, which is being acquired by First Security, said profits of $486,000 or 10 cents per share fell from $601,000 or 12 cents earned in the year-ago quarter.

Zions Bancorporation, Salt Lake City, owner of Nevada State Bank, said it earned $48.9 million or 61 cents per share vs. $39 million or 52 cents in last year's quarter.

Pioneer Bancorporation of Reno, owner of Pioneer Citizens Bank, said it earned $3.2 million or 34 cents per share, up from $3 million or 32 cents per share.

Silver State Bank of Henderson earned $267,000 or 21 cents per share, up from $73,000 or 8 cents.

Colonial BancGroup, Montgomery, Ala., said it earned $28.1 million or 25 cents per share, up from $20.1 million or 18 cents.

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