Western Alliance Q3 Net Revenue Tops $1 Billion as EPS Reaches $2.45

Western Alliance Bancorporation posted $1,014.2 million in third-quarter net revenue and diluted earnings of $2.45 per share, providing an earnings update for a U.S. bank that serves institutional digital asset businesses. Net revenue grew 8.1% from $938.2 million a year earlier. Net income rose to $277.2 million from $260.5 million over the same period. The provision for credit losses totaled $80 million, matching the year-earlier quarter. Deposits stood at $81.8 billion on Sept. 30, up $4.5 billion from a year earlier. Western Alliance Bank announced WA VenueX, its institutional financial platform, on July 24.

Source: TokenPost