PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Monday reported fourth-quarter earnings of $286.1 million.
The bank, based in Phoenix, said it had earnings of $2.59 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.
The bank holding company posted revenue of $1.43 billion in the period. Its revenue net of interest expense was $990.8 million, also topping Street forecasts.
For the year, the company reported profit of $969 million, or $8.73 per share. Revenue was reported as $3.58 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAL at https://www.zacks.com/ap/WAL