Last Thursday's market drop was totally unnecessary: one of the regional banks that triggered last Thursday's market panic, Western Alliance Bancorp, released its earnings report last night. For Q3, net profit was $250.2 million, or $2.28 per share, up over 27% year-over-year, beating most Wall Street analysts' expectations. Net interest income grew 7.7% year-over-year to $750.4 million, exceeding analysts' average estimate of $737 million. The bank provisioned $31.1 million for bad loan impairments, close to the market estimate of $30 million. Once again, this shows that credit issues are just normal bad loans for banks, not the beginning of a large-scale credit crisis.