PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Thursday reported third-quarter net income of $199.8 million.
The Phoenix-based bank said it had earnings of $1.80 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The bank holding company posted revenue of $1.33 billion in the period. Its revenue net of interest expense was $833.1 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $811.4 million.
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