secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001212545-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000004/0001212545-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000004/wal-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001212545-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer