Western Alliance Q4 net income $147.9M, EPS $1.33; adjusted EPS $1.91; CET1 10.8%

WESTERN ALLIANCE BANCORPORATION

2023-FY EPS reported $6.54 revenue$98,600,000

Net income of $147.9M ($1.33 EPS) in Q4; adjusted EPS of $1.91 excluding $0.58 notable items.
Net interest margin 3.65%; CET1 ratio rose to 10.8% from 10.6% QoQ; tangible book value $46.72, up 16% YoY.
Repaid $1.5B of debt including entire BTFP loan; total deposits up $1B QoQ to $55.3B.
Full-year net income $722.4M, EPS $6.54, down 31.7% YoY; adjusted efficiency ratio 59.1% in Q4 vs 50.0% prior Q.
Nonperforming assets to total assets 0.40% (Q4) vs 0.35% prior Q; net charge-offs remained low at 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 0.95

WESTERN ALLIANCE BANCORPORATION reported fiscal quarter ended December 31, 2023 results: net income $147.9 million, EPS $1.33.

Period: fiscal quarter ended December 31, 2023
Net income: $147.9 million
EPS: $1.33
Result: reported results

Exact text from the filing

On January 25, 2024, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended December 31, 2023

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Source: SEC EDGAR

accession 0001212545-24-000005

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