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Western Alliance reports 15% YOY loan growth

Western Alliance Bancorp. on Oct. 18 reported net income of $111.1 million, or $1.05 per share, in the third quarter, up from net income of $82.8 million, or 79 cents per share, in the same quarter of the prior year.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the third quarter was $1.03.

Net loans expanded 4% from the linked quarter and were up 15% from the year-ago period to $16.73 billion. Total deposits increased 5% quarter over quarter and ticked up about 12% compared to the year-ago period to $18.91 billion.