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Stock impact report

Money in the Bank: Western Alliance Bancorp Sees Profits Grow 30% [The Motley Fool]

Western Alliance Bancorporation (DE) (WAL) 
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm Check Earnings Report
Company Research Source: The Motley Fool
A $2 billion increase in its loan portfolio and higher interest rates helped the regional commercial banker and national specialty lender bank another big quarter. Western Alliance Bancorporation  ( NYSE:WAL ) reported second-quarter results on July 20, turning in another solid quarter. The regional bank, which operates in several western U.S. states, delivered double-digit earnings growth and saw its net interest margin (the spread between interest expenses and interest income) widen and non-performing assets decline.  At the same time, Western Alliance is starting to see its cost of funds climb slightly as interest rates inch higher, though so far, it's been able to more than offset those increases with higher interest income from its loan portfolio. Let's take a closer look at how it was able to deliver another quarter of double-digit earnings growth.  Image source: Getty Images. National business lines, higher net interest margin making up for regional c Show less Read more
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