---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-23-000109"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:42:40.398333+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001212545-23-000109
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000109/0001212545-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000109/wal-20230404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-23-000109
- JSON: https://secwatch.observer/filing/0001212545-23-000109.json
- Plain text: https://secwatch.observer/filing/0001212545-23-000109.txt

## Key facts
- Earnings Releases
  WESTERN ALLIANCE BANCORPORATION reported financial results for first quarter 2023.
  - Period: first quarter 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000109/0001212545-23-000109-index.htm

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