Western Alliance Q1 net income $177.4M; adjusted EPS $1.72; deposits up $6.9B

WESTERN ALLIANCE BANCORPORATION

2024-Q1 EPS reported $1.60 revenue$13,500,000

Net income $177.4M, EPS $1.60; adjusted net income $190.9M, adjusted EPS $1.72.
Total deposits grew 12.5% to $62.2B; loan-to-deposit ratio improved to 81.5%.
Net interest margin 3.60%; adjusted efficiency ratio 54.4%.
CET1 ratio 11.0%; tangible book value per share $47.30, up 13.8% YoY.
Repaid $1.0B of borrowings; largely completed balance sheet repositioning.

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 the fiscal quarter ended March 31, 2024 results: net income $177.4 million, EPS $1.60.

Period: the fiscal quarter ended March 31, 2024
Net income: $177.4 million
EPS: $1.60
Result: reported results

Exact text from the filing

On April 18, 2024, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended March 31, 2024

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WESTERN ALLIANCE BANCORPORATION filing history →

Source: SEC EDGAR

accession 0001212545-24-000130

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