secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001212545-23-000142
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000142/0001212545-23-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000142/wal-20230718.htm
  HTML page:      https://secwatch.observer/filing/0001212545-23-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer