Western Alliance: Fourth Quarter Earnings Overview

Western Alliance Bancorp Announces Strong Fourth-Quarter Results

Western Alliance Bancorp, headquartered in Phoenix, revealed that its net income for the fourth quarter reached $286.1 million.

The company reported earnings of $2.59 per share, surpassing the consensus estimate of $2.40 per share from eight analysts polled by Zacks Investment Research.

During the quarter, Western Alliance Bancorp generated $1.43 billion in total revenue. After accounting for interest expenses, net revenue stood at $990.8 million, exceeding analysts' projections.

For the full year, the bank holding company achieved a profit of $969 million, or $8.73 per share, with annual revenue totaling $3.58 billion.