---
schema_version: "secwatch.filing_event.v1"
accession: "0001212545-25-000020"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2025-01-27T23:59:59+00:00"
generated_at: "2026-05-27T09:01:09.389633+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Western Alliance Q4 EPS $1.95 up 46.6% YoY; FY EPS $7.09; NIM 3.48%

## Summary
- 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%.

## SEC filing metadata
- accession: 0001212545-25-000020
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2025-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000121254525000020/0001212545-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000121254525000020/wal-20250127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001212545-25-000020
- JSON: https://secwatch.observer/filing/0001212545-25-000020.json
- Plain text: https://secwatch.observer/filing/0001212545-25-000020.txt

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