{"schema_version":"secwatch.filing_event.v1","accession":"0001212545-23-000119","form_type":"8-K","ticker":"WAL","cik":"0001212545","company_name":"WESTERN ALLIANCE BANCORPORATION","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.176716+00:00","generated_at":"2026-06-17T00:31:47.378711+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Western Alliance Q1 net income $142M, EPS $1.28; adjusted EPS $2.30; deposits stabilize","bullets":["Net income $142.2M ($1.28 EPS) vs $293.0M ($2.67) prior quarter; after-tax non-operating charges $109.7M.","Adjusted EPS $2.30 vs $2.74 prior quarter; adjusted PPNR $351.6M, down from $376.9M.","Deposits $47.6B, down $6.1B from Q4; subsequently increased $2.0B through Apr 14; insured deposits 73%.","CET1 ratio 9.4% (up from 9.3%); target CET1 at/above 11%; loan-to-deposit ratio targeting mid-80% range.","Tangible book value per share $41.56, up 3.3% from Q4; net interest margin 3.79% vs 3.98%."],"urls":{"canonical":"https://secwatch.observer/filing/0001212545-23-000119","json":"https://secwatch.observer/filing/0001212545-23-000119.json","markdown":"https://secwatch.observer/filing/0001212545-23-000119.md","text":"https://secwatch.observer/filing/0001212545-23-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1212545/000121254523000119/0001212545-23-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1212545/000121254523000119/wal-20230418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T00:31:47.378711+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"46c9ea8290c3d23fba4cc50d417de6ca25be5c18","claim":"WESTERN ALLIANCE BANCORPORATION reported the fiscal quarter ended March 31, 2023 results: revenue $551.9 million, net income $142.2 million, EPS $1.28.","evidence_excerpt":"▪ Net income of $142.2 million and earnings per share of $1.28, compared to $293.0 million and $2.67, respectively ▪ Adjusted earnings per share 1 of $2.30 decreased from $2.74 ▪ Net revenue of $551.9 million, a decrease of 21.3%, or $149.3 million, compared to an increase in non-interest expenses of 4.3%, or $14.5 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1212545/000121254523000119/0001212545-23-000119-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$551.9 million"},{"label":"Net income","value":"$142.2 million"},{"label":"EPS","value":"$1.28"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}