Western Alliance Bancorporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's net interest income was $102.145 million compared with $89.981 million a year ago. Income from continuing operations, before income tax expense was $54.520 million compared with $36.107 million a year ago. Income from continuing operations was $40.409 million or $0.46 per diluted share compared with $32.115 million or $0.36 per diluted share a year ago. Net income available to common stockholders was $40.080 million or $0.46 per diluted share compared with $31.062 million or $0.36 per diluted share a year ago. Return on average assets was 1.56% compared with 1.38% a year ago. Return on tangible common equity was 18.15% compared with 18.33% a year ago. Net operating revenue was $109.0 million, an increase of $5.3 million compared to $103.7 million for the third quarter 2014, and an increase of $13.8 million compared to $95.2 million for the fourth quarter 2013.

For the year, the company's net interest income was $384.893 million compared with $332.895 million a year ago. Income from continuing operations, before income tax expense was $197.499 million compared with $145.656 million a year ago. Income from continuing operations was $149.109 million or $1.69 per diluted share compared with $115.826 million or $1.32 per diluted share a year ago. Net income available to common stockholders was $146.564 million or $1.67 per diluted share compared with $113.555 million or $1.31 per diluted share a year ago. As on December 31, 2013, the company's tangible book value per share, net of tax was $10.21. Return on average assets was 1.50% compared with 1.35% a year ago. Return on tangible common equity was 18.52% compared with 18.28% a year ago.