02:13 PM EDT, 10/16/2025 (MT Newswires) -- Zions Bancorporation (ZION) shares fell 12% in Thursday trading after the bank disclosed a $50 million charge-off, which will be reflected in Q3 earnings.

The charge stems from an internal review of two borrowers and their obligators, which uncovered "apparent misrepresentations and contractual defaults," along with other irregularities involving the loan and its collateral, the bank said Thursday in a regulatory filing.

Zions said it initiated legal action in California against the obligators in an effort to recover the full amount.

Price: 47.61, Change: -6.43, Percent Change: -11.89