secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001212545-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254524000005/0001212545-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254524000005/wal-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001212545-24-000005

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