Western Alliance profit rises on higher interest income, loan-loss fears eased

Core Insights - Western Alliance Bancorp reported an increase in third-quarter profit, driven by higher interest income and increased lending fees, which helped to mitigate the impact of rising rainy day funds [1] Financial Performance - The company experienced a rise in interest income, contributing positively to its overall profit [1] - Higher lending fees also played a significant role in offsetting costs associated with increased rainy day funds [1] - Following the positive financial results, the company's shares rose by 4% [1]