Western Alliance Q4 net income $293M, EPS $2.67; full-year EPS up 11.9% to $9.70

WESTERN ALLIANCE BANCORPORATION

2022-FY EPS reported $9.70 revenue$44,100,000

Q4 net income $293.0M ($2.67 EPS), up 15.1% YoY; full-year net income $1.1B ($9.70 EPS).
Net interest margin expanded to 3.98% from 3.78% in Q3; efficiency ratio 46.9%.
Q4 deposits fell $1.9B due to seasonal tax/insurance outflows; year-to-date 2023 average deposits up $2.4B.
CET1 ratio 9.3%, tangible book value per share $40.25 (+6.4% YoY).
Annualized net charge-offs negligible at 0.01%; nonperforming assets 0.14% of total assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WESTERN ALLIANCE BANCORPORATION reported the fiscal year ended December 31, 2022 results: revenue $2.5 billion, net income $1.1 billion, EPS $9.70.

Period: the fiscal year ended December 31, 2022
Revenue: $2.5 billion
Net income: $1.1 billion
EPS: $9.70
Result: reported results

Exact text from the filing

▪ Net income of $1.1 billion and earnings per share of $9.70, up 17.6% and 11.9%, from $899.2 million and $8.67, respectively ▪ Net revenue of $2.5 billion, an increase of 30.1%, or $587.9 million, compared to an increase in non-interest expenses of 35.9%, or $305.3 million

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WESTERN ALLIANCE BANCORPORATION reported the fiscal quarter ended December 31, 2022 results: revenue $701.2 million, net income $293.0 million, EPS $2.67.

Period: the fiscal quarter ended December 31, 2022
Revenue: $701.2 million
Net income: $293.0 million
EPS: $2.67
Result: reported results

Exact text from the filing

▪ Net income of $293.0 million and earnings per share of $2.67, compared to $264.0 million and $2.42, respectively ▪ Net revenue of $701.2 million, an increase of 5.6%, or $37.3 million, compared to an increase in non-interest expenses of 9.0%, or $27.6 million

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Source: SEC EDGAR

accession 0001212545-23-000004

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