secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001212545-23-000157
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000157/0001212545-23-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254523000157/wal-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001212545-23-000157

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