secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001212545-24-000130
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254524000130/0001212545-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254524000130/wal-20240418.htm
  HTML page:      https://secwatch.observer/filing/0001212545-24-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer