Western Alliance Bancorp Deposits Halted Decline, Profits Exceed Forecasts

Western Alliance Bancorp posted profits that surpassed estimates
Deposits stabilized after the March banking crisis
Total deposits fell 11.3% to $47.6 billion in the first quarter
Net interest income for Western Alliance rose 36% from a year earlier to $609.9 million in the quarter ended March 31
The surge was due to the report that deposits have now stabilized