Western Alliance Bancorp Q2 Profit Rises - Quick Facts

(RTTNews) - Western Alliance Bancorp (WAL) Thursday reported second-quarter profit of $34.02 million, up from $13.96 million last year.

Net income available to common stockholders increased to $33.66 million or $0.39 per share from $12.64 million or $0.15 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased 16 percent to $82.2 million from $70.81 million last year. Non-interest income totaled $10.86 million, up from $7.40 million last year.

Revenues improved 13.8 percent to $87.2 million from $76.6 million last year. Analysts expected revenues of $88.52 million.