Western Alliance Q1 Profit Shrinks - Quick Facts

(RTTNews) - Western Alliance Bancorporation (WAL) Monday reported first-quarter profit of $31.1 million or $0.35 per share, down from $31.4 million or $0.36 per share in the same period last year.

Adjusted earnings for the quarter were $30.1 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 to $90.8 million from $76.2 million last year. Net-interest margin was 4.41 percent, compared to 4.36 percent last year. Non-interest income totaled $5.7 million, up from $5.1 million last year.