---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-24-000130"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:12:05.097954+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001212545-24-000130
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1212545/000121254524000130/0001212545-24-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254524000130/wal-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-24-000130
- JSON: https://secwatch.observer/filing/0001212545-24-000130.json
- Plain text: https://secwatch.observer/filing/0001212545-24-000130.txt

## Key facts
- Earnings Releases
  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
  source text: On April 18, 2024, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000121254524000130/0001212545-24-000130-index.htm

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