secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001212545-23-000119
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Alliance Q1 net income $142M, EPS $1.28; adjusted EPS $2.30; deposits stabilize
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000119/0001212545-23-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000119/wal-20230418.htm
  HTML page:      https://secwatch.observer/filing/0001212545-23-000119

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