Western Alliance Q2 net income $215.7M, EPS $1.96; deposits up $3.5B

WESTERN ALLIANCE BANCORPORATION

2023-Q2 EPS reported $3.24 revenue$38,300,000

GAAP EPS $1.96 (Q2) vs $1.28 (Q1); adjusted EPS fell from $2.30.
Net interest margin 3.42%, down from 3.79% QoQ and 3.54% YoY; efficiency ratio 50.5%.
Deposits rose $3.5B to $51.0B; loan-to-deposit ratio 94%, CET1 ratio 10.1%.
Nonperforming assets ratio increased to 0.39% from 0.17% Q1; net charge-offs stable at 0.06%.
Tangible book value per share $43.09, up 3.7% QoQ and 17.5% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTERN ALLIANCE BANCORPORATION reported the fiscal quarter ended June 30, 2023 results: revenue $669.3 million, net income $215.7 million, EPS $1.96.

Period: the fiscal quarter ended June 30, 2023
Revenue: $669.3 million
Net income: $215.7 million
EPS: $1.96
Result: reported results

Exact text from the filing

HIGHLIGHTS: ▪ Net income of $215.7 million and earnings per share of $1.96, compared to $142.2 million and $1.28 (or $2.30, as adjusted 1 ), respectively ▪ Net revenue of $669.3 million, an increase of 21.3%, or $117.4 million, compared to an increase in non-interest expenses of 11.4%, or $39.5 million ▪ Adjusted net revenue 1 of $670.2 million, a decrease of

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Source: SEC EDGAR

accession 0001212545-23-000142

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