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Banks’ results mixed

Monday, Feb. 2, 2004 | 10:56 a.m.

Four operators of banks in Nevada reported quarterly financial results.

Zions Bancorporation of Salt Lake City, owner of Nevada State Bank, reported significant loan growth in Nevada along with a fourth-quarter profit of $95.6 million, or $1.05 per share, up from the $87.5 million or 96 cents in the year-ago period.

Business Bank Corp. of Las Vegas, parent of Business Bank of Nevada, reported a profit of $599,000 or 32 cents per share vs. $607,000 or 35 cents in the 2002 quarter. The prior-year quarter included $150,000 in non-recurring investment gains.

Colonial BancGroup of Montgomery, Ala., owner of Colonial Bank in Nevada, reported a profit of $37.7 million, or 30 cents per share, compared with $34.7 million, or 28 cents, a year earlier.

And Capitol Bancorp Limited of Lansing, Mich., earned $6.3 million, or 45 cents per share, up from $5.2 million or 45 cents in the year-ago quarter, when fewer shares were outstanding. The company has four banks Southern Nevada: Bank of Las Vegas, Black Mountain Community Bank, Desert Community Bank and Red Rock Community Bank.

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