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

Reuters
28 Jan
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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2024

1.89

1.95

Beat

Sep. 30 2024

1.89

1.80

Missed

Jun. 30 2024

1.71

1.71

Met

Mar. 31 2024

1.66

1.72

Beat

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