Western Alliance Bancorp Q4 Profit Shrinks - Quick Facts

(RTTNews) - Western Alliance Bancorp (WAL) Thursday reported fourth-quarter profit of $31.4 million or $0.36 per share, down from $32.1 million or $0.37 per share in the same period last year.

Adjusted earnings for the quarter was $29.8 million or $0.34 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income increased 16.2 percent to $90.0 million from last year. Net interest margin was 4.44 percent, compared to 4.55 percent last year. Non-interest income totaled $5.2 million, up from $5.1 million last year.