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
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US:NYSE Investor Relations:
investors.westernalliancebancorporation.com
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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
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WAL
News
- Western Alliance Bank Bolsters Commercial and Industrial Team with Strategic Hires Katie McDowell and Jon VanDerMeid [Yahoo! Finance]Yahoo! Finance
- Western Alliance Bank Bolsters Commercial and Industrial Team with Strategic Hires Katie McDowell and Jon VanDerMeidBusiness Wire
- Loyal Announces $45 Million Series B Financing to Continue Development of First FDA-Approved Dog Lifespan Extension Drug for Veterinary Use [Yahoo! Finance]Yahoo! Finance
- Western Alliance Bancorporation (NYSE: WAL) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $85.00 price target on the stock.MarketBeat
- Western Alliance Bancorporation (NYSE: WAL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
WAL
Earnings
- 1/25/24 - Beat
WAL
Sec Filings
- 3/28/24 - Form PX14A6G
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- WAL's page on the SEC website