Western Alliance Bancorporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income of $228,459,000 compared to $187,411,000 a year ago. Net interest income was $211,029,000 compared to $175,269,000 a year ago. Income before income taxes was $124,319,000 compared to $96,164,000 a year ago. Net income was $89,346,000 or $0.85 per diluted share compared to $69,800,000 or $0.67 per diluted share a year ago. Return on average assets was 1.79% compared to 1.63% a year ago. Return on average tangible common equity was 18.80% compared to 17.59% a year ago.

For the year, the company reported interest income of $845,513,000 compared to $700,506,000 a year ago. Net interest income was $784,664,000 compared to $657,213,000 a year ago. Income before income taxes was $451,817,000 compared to $361,179,000 a year ago. Net income was $325,492,000 or $3.10 per diluted share compared to $259,798,000 or $2.50 per diluted share a year ago. Return on average assets was 1.72% compared to 1.61% a year ago. Return on average tangible common equity was 18.32% compared to 17.71% a year ago. Book value per common share as at December 31, 2017 was $21.13 compared to $18.00 a year ago. Tangible book value per common share as at December 31, 2017 was $18.31 compared to $15.17 a year ago.

For the quarter, the company reported total loans charged-off of $2,295,000 compared to $1,388,000 a year ago.