secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001212545-24-000215
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Alliance Q2 net income $193.6M, EPS $1.75; NIM expands to 3.63%
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- Net income $193.6M ($1.75 EPS), up 9.1% QoQ from $177.4M, but down 10.2% YoY from $215.7M.
- Net interest margin 3.63% vs 3.60% QoQ and 3.42% YoY; PPNR $285.0M, up $38.0M QoQ.
- HFI loans $52.4B (+3.4% QoQ); total deposits $66.2B (+6.5% QoQ); loan-to-deposit ratio 79.1%.
- Tangible book value per share $48.79, up 13.2% YoY; CET1 ratio 11.0%.
- Adjusted efficiency ratio 51.5% (vs 57.3% QoQ); nonperforming assets to total assets 0.51%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254524000215/0001212545-24-000215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254524000215/wal-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001212545-24-000215

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