PHOENIX (AP) _ Western Alliance Bancorp (WAL) on Thursday reported third-quarter earnings of $236.9 million.

The bank, based in Phoenix, said it had earnings of $2.28 per share. Earnings, adjusted for restructuring costs, were $2.30 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The bank holding company posted revenue of $580.9 million in the period. Its revenue net of interest expense was $548.5 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $529.8 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAL at https://www.zacks.com/ap/WAL

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