shares of western alliance bancorp dropped more than 5 in the extended session tuesday after the phoenixbased bank narrowly missed profit expectations but assured investors it has taken steps to bolster its liquidity after it weathered the crisis unleashed by the collapse of silicon valley bank western alliance wal said it earned 2157 million or 196 a share in the second quarter compared with 2602 million or 239 a share in the yearago quarter analysts polled by factset expected the bank to report eps of 197 western alliance continued to successfully execute its balancesheet repositioning strategy and return to normal business operations by bolstering liquidity and capital sustaining profitability and expanding core client relationships chief executive kenneth a vecchione said in a statement dont missbanks are doing better than feared as stocks rally and bank of america builds cash revenue rose 21 to 6693 million the bank said quarterly deposit growth of 35 billion lowered the banks loantodeposit ratio to 94 with total insured and collateralized deposits representing 81 of deposits and available liquidity coverage of 276 of uninsured deposits vecchione said shares of western alliance ended the regular trading day up more than 8 so far this year the stock is down 28 which contrasts with gains of around 19 for the sp 500 index  banks were in the eye of the storm in march as us banking regulators shut down silicon valley bank after the banks parent svb financial group tried to raise capital and triggered a run see alsomorgan stanleys profit drops but beats expectations as stock rises to largest singleday gain since late 2020 it was the secondlargest bank failure in us history after the collapse of washington mutual in 2008 and the collapse of other banks such as cryptofriendly signature bank followed several major us banks have reported their secondquarter results surprising wall street with earnings beats bank of america earlier on tuesday said its revenue rose 11 as the megabank relied on more checking and other accounts this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal