Western Alliance Q3 net income $216.6M, EPS $1.97; NIM expands to 3.67%

WESTERN ALLIANCE BANCORPORATION

2023-Q3 EPS reported $5.21 revenue$67,900,000

Net income $216.6M ($1.97 EPS) vs $215.7M ($1.96) in Q2; PPNR $290M up $8.1M QoQ.
Net interest margin 3.67%, up 25 bps from Q2; deposits grew $3.2B to $54.3B.
HFI loans $49.4B, up $1.6B; loan-to-deposit ratio improved to 91%.
Tangible book value per share $43.66, up 1.3% QoQ; CET1 ratio 10.6%.
Nonperforming assets to total assets stable at 0.35%; net charge-offs 0.07% annualized.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WESTERN ALLIANCE BANCORPORATION reported the fiscal quarter ended September 30, 2023 results: net income $216.6 million, EPS $1.97.

Period: the fiscal quarter ended September 30, 2023
Net income: $216.6 million
EPS: $1.97
Result: reported results

Exact text from the filing

On October 19, 2023, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended September 30, 2023

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Source: SEC EDGAR

accession 0001212545-23-000157

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