Western Alliance: insured deposits 68% of total, liquidity >140% of uninsured, unrealized losses improve

WESTERN ALLIANCE BANCORPORATION

Total insured deposits (including collateralized/pass-through) represent ~68% of total deposits, significantly higher than year-end.
Immediately available liquidity exceeds uninsured deposits with coverage ratio >140%; no borrowings from Fed discount window.
CET1 ratio expected materially consistent with year-end 2022.
Gross unrealized losses improved: HTM securities $139M (down from $177M), AFS $789M (down from $881M), HFI loans $2.9B (down from $4.2B).
Unrealized gains on debt/borrowings $431M (up from $121M), partially offsetting losses.

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 0.9

WESTERN ALLIANCE BANCORPORATION reported financial results for first quarter 2023.

Period: first quarter 2023
Result: reported results

Exact text from the filing

Western Alliance Bancorporation provides an update on key financial information: On April 4, 2023, Western Alliance Bancorporation (the “Company”) issued a press release announcing it will distribute its first quarter 2023 financial results on April 18, 2023 and provided certain preliminary financial results for the first quarter 2023.

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Source: SEC EDGAR

accession 0001212545-23-000109

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