Western Alliance Bancorporation

Western Alliance Bancorp is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services. It operates through the following business segments: Commercial, Consumer Related, and Corporate and Other. The Commercial segment focuses on delivering commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. The Consumer Related segment provides commercial banking services to enterprises in consumer-related sectors and consumer banking services. The Corporate and Other segment represents the company's investment portfolio, corporate borrowings and other related items, income and expense items. The company was founded in 1995 and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2024

Western Alliance Bancorporation excels in 2022, eyes balanced growth in 2023

Western Alliance Bancorporation's strong performance in 2022 positions it well for continued growth in 2023, with a focus on maintaining asset quality, balancing loan and deposit growth, and optimizing expenses. The company aims to leverage its balance sheet for net interest income growth and navigate challenges to achieve its strategic goals.

Western Alliance Bancorporation reports solid Q1 performance amidst deposit challenges

Western Alliance Bancorporation demonstrated resilience in Q1 amidst deposit outflows, focusing on rebuilding capital, deepening client relationships, and targeting deposit growth in resilient segments.
The bank's proactive approach to financial management, stable NIM outlook, and emphasis on core relationships position it well for steady growth and operational efficiency.
Challenges in managing deposit outflows, interest rate uncertainties, and credit normalization processes are balanced by opportunities in deposit growth strategies, efficiency improvements, and revenue enhancement.

Western Alliance Bancorporation reports robust Q2 performance and growth outlook

Western Alliance Bancorporation (WAL) delivered a strong Q2 performance with robust revenue and deposit growth, focusing on balance sheet strength and client relationships.
While challenges exist in retaining deposits and managing costs post-rate hikes, WAL is well-positioned to capitalize on opportunities in revenue diversification and expense efficiency.
Anticipated stable asset quality, provision levels, and EPS, coupled with a strategic focus on growth and risk management, signal a positive outlook for WAL's future performance.

Western Alliance Bancorporation posts strong Q3 results amidst market challenges

Western Alliance Bancorporation demonstrated strong financial performance in Q3 2023, driven by deposit growth and improved capital ratios.
While facing challenges such as rising mortgage rates and potential net charge-offs, the bank is poised for continued growth and stability in 2024.
Opportunities in sustaining income streams, expanding loan portfolios, and enhancing digital platforms position the bank for future success.

Western Alliance Bancorporation reports robust Q4 earnings and eyes growth opportunities

Western Alliance Bancorporation (WAL) delivered strong Q4 results, focusing on balance sheet growth, liquidity enhancement, and maintaining stable asset quality. While challenges like economic uncertainties and potential fee income decreases exist, opportunities for growth through liquidity building and M&A transactions are on the horizon.

Western Alliance Bancorporation reports strong Q1 performance and outlines growth strategies for 2024

Western Alliance Bancorporation (WAL) delivered a strong Q1 2024 performance with notable financial results and strategic achievements, emphasizing sustainable growth and robust risk management practices.
Despite facing challenges like increased classified assets and NIM pressure, the company's focus on capital management, organic growth, and revenue diversification positions it well for future opportunities.
With a clear roadmap for achieving upper teens return on tangible equity and a commitment to prudent risk management, Western Alliance Bancorporation showcases resilience and strategic foresight in a dynamic market environment.
Investors can be optimistic about the company's performance outlook, given its strong financial fundamentals, growth targets, and proactive approach to addressing industry challenges.

Western Alliance Bancorporation excels in Q2, eyes growth opportunities

Western Alliance Bancorporation delivered strong financial results in Q2, driven by earnings growth strategies and solid core performance.
While facing challenges such as provision expenses and revenue diversification, the bank's focus on asset quality and growth opportunities bodes well for the future.
With a positive outlook for loan and deposit growth in 2024, Western Alliance Bancorporation is poised for continued success in the market.

Western Alliance Bancorporation reports strong Q3 earnings and eyes growth opportunities

Western Alliance Bancorporation (WAL) delivered strong financial performance in Q3 2024, driven by solid earnings and growth in key business segments.
While facing challenges such as seasonal deposit outflows and margin compression, the company remains well-positioned with stable asset quality and growth prospects.
Opportunities exist in optimizing deposit mix, managing costs, and sustaining growth momentum to capitalize on future prospects.
Overall, the company's positive outlook for 2025 underscores confidence in its ability to navigate challenges and capitalize on opportunities for continued success.

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WAL experienced volatility due to the banking crisis in March 2023, but saw its shares soar in Q4. Total deposits grew by $3.2B or 6% q/q in 4Q, registering a cumulative net inflow of $6.7B since 1Q23. Net interest margin increased to 3.67% due to higher earning asset yields and lower average borrowings.

Western Alliance Bancorp: A Beneficiary Of Improving Credit Conditions

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PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced that Lynne Biggio Herndon has been appointed as the Bank's new Chief Credit Officer. “We are excited to welcome Lynne to the Western Alliance team,” said Ken Vecchione, president and chief executive officer of Western Alliance Bank. “Her decades of experience managing complex credits and implementing sound risk management practices will complement our already strong credit function and ensure that we maintain our industry leading a.

Lynne Herndon Named Chief Credit Officer of Western Alliance Bank

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Western Alliance (WAL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Western Alliance (WAL) Soars 9.4%: Is Further Upside Left in the Stock?

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SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Craig Hirson has been appointed as the organization's Commercial Banking Market Executive for Greater Los Angeles and Orange County. “Craig's expertise in the greater Los Angeles and Orange County markets will allow us to deepen our focus on the commercial market at Western Alliance Bank,” said Julian Parra, head of commercial and industrial banking for California at Western Alliance Bank. “His background will be an invaluab.

Craig Hirson Named Commercial Banking Market Executive for Greater Los Angeles and Orange County at Western Alliance Bank

SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Matt Griesbach has been appointed as the organization's Commercial and Industrial Industry Executive for Aerospace and Defense. "Matt's exceptional leadership in the aerospace and defense industry is a tremendous asset to the Commercial Banking team at Western Alliance Bank," said Julian Parra, Head of Commercial and Industrial Banking for California at Western Alliance Bank. "These industries play a pivotal role in the econ.

Matt Griesbach Named Commercial Banking Executive for Aerospace and Defense at Western Alliance Bank

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PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced that Dillan Knudson has been appointed as the organization's Head of Commercial Banking for Arizona. “Dillan brings outstanding depth and breadth of experience in the region to this role,” said Ken Vecchione, president and chief executive officer of Western Alliance Bank. “With his proven commitment to serving clients, as well as his expertise in executing strategic growth initiatives, he will help the organization expand the servi.

Dillan Knudson Named Head of Commercial Banking for Arizona at Western Alliance Bank

Western Alliance reported strong Q3 earnings, but shares dropped 8% following the earnings report. The bank fully restored its deposit base, increasing deposits by $7.6B in Q3. The bank's net interest margin increased Q/Q. Western Alliance reduced its short-term borrowings by $820M Q/Q, creating a better balance sheet. The bank has further potential to move high-cost debt off its balance sheet.

Western Alliance Q3: High Earnings Yield, Growing NIM, Strong Deposit Growth

Western Alliance Bancorporation has weathered the crisis and is on the mend, with its latest results beating expectations. The bank has recovered its Q1 deposit loss and its deposits are down only 2.5% from last year, performing better than the industry average. WAL's funding mix has shifted to a more normal footing, and its loan book is benefiting from rising yields and increased lending.

Western Alliance Q3: The Business Is Clearly Recovering From The Banking Crisis

Western Alliance Bancorporation (NYSE:WAL ) Q3 2023 Earnings Conference Call October 20, 2023 12:00 PM ET Company Participants Miles Pondelik - Director, Investor Relations and Corporate Development Kenneth Vecchione - President and CEO Dale Gibbons - Chief Financial Officer Timothy Bruckner - Chief Credit Officer Conference Call Participants Casey Haire - Jefferies Steven Alexopoulos - JPMorgan Chris McGratty - KBW Bernard von-Gizycki - Deutsche Bank Brandon King - Truist Securities Ebrahim Poonawala - Bank of America Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Timur Braziler - Wells Fargo David Chiaverini - Wedbush David Smith - Autonomous Research Brody Preston - UBS Jon Arfstrom - RBC Operator Good day, everyone.

Western Alliance Bancorporation (WAL) Q3 2023 Earnings Call Transcript

Western Alliance (WAL) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $2.42 per share a year ago.

Western Alliance (WAL) Q3 Earnings and Revenues Beat Estimates

The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Western Alliance (WAL) Q3 Earnings

PHOENIX--(BUSINESS WIRE)--Western Alliance Reports Third Quarter 2023 Financial Results.

Western Alliance Bancorporation Reports Third Quarter 2023 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast.

CORRECTING and REPLACING Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast

Western Alliance Bancorporation Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast

Western Alliance (WAL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Western Alliance (WAL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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The Fed keeps the interest rates unchanged and signals higher rates for longer period. This shows more pain ahead for banks like Western Alliance Bancorp (WAL), Zions (ZION), Comerica (CMA) & KeyCorp (KEY).

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Core CPI rose 0.3% in August versus July. While the increase was slightly higher than the 0.2% monthly gain in core CPI in July, it was still relatively tame.

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D.A. Davidson analyst Gary P. Tenner on Tuesday reiterated a buy rating at $64 a share price target on Western Alliance Bancorp WAL, +2.22% even though the stock has outperformed its peers in recent weeks.

News for Western Alliance Bancorporation Stock (WAL)