Western Alliance Keeps Gaining Ground
Most Americans know a lot about too-big-to-fail Wall Street banks, but smaller regional players tend to fly under the radar. Western Alliance Bancorporation (NYSE: WAL) is far from being a household name in most of the country, but its operations in California, Nevada, and Arizona are particularly focused on lending for municipal finance, hotel franchising, and homeowners' associations. With its expertise in those areas, Western Alliance is building a name for itself in a competitive industry and has found a potential path toward stronger growth.
Coming into the bank's second-quarter financial report, Western Alliance shareholders had wanted to see ongoing growth in key metrics and signs of expanding opportunities for the future. Western Alliance largely delivered on that front, and the company boasted not only a larger asset base but also strong credit quality and favorable prospects ahead. Let's look more closely at Western Alliance and what its results say about its future.
Image source: Western Alliance Bancorporation.
Source: Fool.com