earnings
confidence high
sentiment positive
materiality 0.80
Western Alliance Q4 EPS $1.95 up 46.6% YoY; FY EPS $7.09; NIM 3.48%
WESTERN ALLIANCE BANCORPORATION
2024-FY EPS reported
$7.09
revenue$68,000,000
- Q4 net income $216.9M, EPS $1.95 (up 46.6% YoY); full year net income $787.7M, EPS $7.09 (up 8.4%).
- Net interest margin 3.48% (down 13bp linked quarter); PPNR $319.4M, up from $285.7M.
- Total deposits $66.3B, down $1.7B linked quarter due to seasonal Mortgage Warehouse outflows; already reversed post year-end.
- NPA ratio 0.65% (up from 0.45% linked quarter); net charge-offs annualized 0.25% vs 0.20% prior quarter.
- Tangible book value per share $52.27, up 11.9% YoY; CET1 ratio 11.3%; adjusted efficiency ratio 51.1%.