PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Thursday reported second-quarter earnings of $230.4 million.
The bank, based in Phoenix, said it had earnings of $2.07 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The bank holding company posted revenue of $1.3 billion in the period. Its revenue net of interest expense was $856.1 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $848.1 million.
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