---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-23-000004"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T10:32:22.197451+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001212545-23-000004
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000004/0001212545-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000004/wal-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-23-000004
- JSON: https://secwatch.observer/filing/0001212545-23-000004.json
- Plain text: https://secwatch.observer/filing/0001212545-23-000004.txt

## Key facts
- Earnings Releases
  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
  source text: ▪ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000004/0001212545-23-000004-index.htm
- Earnings Releases
  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
  source text: ▪ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000004/0001212545-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.