Western Alliance: Q2 Earnings Snapshot
Western Alliance Bancorp (WAL) on Tuesday reported second-quarter profit of $215.7 million
By AP News
Published - Jul 18, 2023, 04:51 PM ET
Last Updated - Apr 11, 2024, 09:04 AM EDT
PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Tuesday reported second-quarter profit of $215.7 million.
The Phoenix-based bank said it had earnings of $1.96 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The bank holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $678 million, which topped Street forecasts. Seven analysts surveyed by Zacks expected $658.9 million.
