WAL - Western Alliance GAAP EPS of $2.39 beats by $0.08 revenue of $620M beats by $24.87M

• Western Alliance press release ( NYSE: WAL ): Q2 GAAP EPS of $2.39 beats by $0.08 .
• Revenue of $620M (+22.4% Y/Y) beats by $24.87M .
• The company recorded a provision for credit losses totaling $27.5 million in the second quarter 2022, an increase of $18.5 million from $9.0 million in the first quarter 2022, compared to a provision release of $14.5 million in the second quarter 2021.
• The company said provision for credit losses during the second quarter 2022 is primarily due to loan growth and emerging economic uncertainty.

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