---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-23-000157"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T19:47:57.124455+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001212545-23-000157
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2023-10-19T23:59:59+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/1212545/000121254523000157/0001212545-23-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000157/wal-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-23-000157
- JSON: https://secwatch.observer/filing/0001212545-23-000157.json
- Plain text: https://secwatch.observer/filing/0001212545-23-000157.txt

## Key facts
- Earnings Releases
  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
  source text: On October 19, 2023, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254523000157/0001212545-23-000157-index.htm

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