---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-24-000005"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:45:42.172429+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001212545-24-000005
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2024-01-25T23:59:59+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/1212545/000121254524000005/0001212545-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254524000005/wal-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-24-000005
- JSON: https://secwatch.observer/filing/0001212545-24-000005.json
- Plain text: https://secwatch.observer/filing/0001212545-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: On January 25, 2024, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254524000005/0001212545-24-000005-index.htm

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