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Western Alliance: Q2 Earnings Snapshot
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PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Tuesday reported second-quarter net income of $261.7 million.

The Phoenix-based bank said it had earnings of $2.36 per share. Earnings, adjusted for non-recurring gains, came to $2.22 per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.

The bank holding company posted revenue of $1.43 billion in the period. Its revenue net of interest expense was $1.01 billion, surpassing Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAL at https://www.zacks.com/ap/WAL

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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