Western Alliance Bancorp reports results for the quarter ended December 31 - Earnings Summary

• Western Alliance Bancorp WAL.N reported quarterly adjusted earnings of $1.95​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.91. The mean expectation of fourteen analysts for the quarter was for earnings of $1.89 per share. Wall Street expected results to range from $1.62 to $2.05 per share.

• Revenue rose 2.7% to $700.90 million from a year ago; analysts expected $805.60 million.

• Western Alliance Bancorp's reported EPS for the quarter was $1.95​.

• The company reported quarterly net income of $213.7 million.

• Western Alliance Bancorp shares had risen by 12.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Western Alliance Bancorp is $105.00

This summary was machine generated from LSEG data January 28 at 09:05 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)