secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001212545-23-000109
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000109/0001212545-23-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000109/wal-20230404.htm
  HTML page:      https://secwatch.observer/filing/0001212545-23-000109

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