---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-23-000142"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T06:51:13.636468+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001212545-23-000142
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000142/0001212545-23-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000142/wal-20230718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-23-000142
- JSON: https://secwatch.observer/filing/0001212545-23-000142.json
- Plain text: https://secwatch.observer/filing/0001212545-23-000142.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000142/0001212545-23-000142-index.htm

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