Western Alliance Bancorporation (WAL) Tops Q1 EPS by 4c
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Western Alliance Reports Record First Quarter 2016 Financial Performance and Closing of Asset Purchase
April 21, 2016 5:12 PM EDTPHOENIX--(BUSINESS WIRE)-- Western Alliance Bancorporation (NYSE: WAL) (the "Company") announced today its financial results for the first quarter 2016, as well as the closing of the asset purchase transaction with GE Capital US Holdings, Inc. ("GE").
First Quarter 2016 Highlights:
Net income of $61.3 million, compared to $58.5 million for the fourth quarter 2015, and $40.4 million for the first quarter 2015 Earnings per share of $0.60, compared to $0.57 per share in the fourth quarter 2015, and $0.45 per share in the first quarter 2015 Operating pre-provision net revenue of $82.1 million, up 2.7% from... More