Western Alliance Q3 Profit Down - Quick Facts

(RTTNews) - Western Alliance Bancorporation (WAL) Thursday reported third-quarter profit of $28.2 million or $0.32 per share, down from $34.0 million or $0.39 per share in the same period last year.

On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $84.56 million from $71.95 million last year. Non-interest income totaled $2.63 million, down from $6.98 million last year. Net-interest margin was 4.41 percent, compared to 4.36 percent last year.