Western Alliance Bancorporation
- Western Alliance Bancorp extended gains for the second day in a row by 8% to $46.42 despite the company reporting weak quarterly results.
Net revenue increased 21.3% to $669.3 million and net income decreased 17.1% to $215.7 million from $260.2 million and diluted earnings per share fell to $1.96 from $2.39 a year ago.
Total deposits declined 5% from a year ago and rose 7.3% from the previous quarter to $51.0 billion.
The rise in deposits from the previous quarter showed that the bank is attracting more customers, a key driver indicator of the customer confidence.
Net interest margin decreased to 3.42% from 3.54% a year ago and from 3.79% in the previous quarter.
Jul 19, 2023 - Western Alliance Bancorporation soared 25% to $40.59 after the regional bank reported earnings ahead of expectations and deposits stabilized.
Net interest income rose 35.7% to $609.9 million but net income plunged 40.8% to $142.2 million from $240.1 million and diluted earnings per share declined to $1.28 from $2.22 a year ago.
Total deposits declined 8.8% to $47.6 billion from $52.1 billion, total assets rose 17.3% to $71 billion and loans held-for-investment increased 12.9% to $46.3 billion.
Since March 31, deposits have increased an additional $2.0 billion through April 14, with total insured deposits representing 73% of total deposits, which is "well above industry norms compared to the 50 largest U.S. banks," said the company.
Apr 19, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.28 | 1.96 | 1.97 | - | - | |
| 2022 | 2.22 | 2.39 | 2.42 | 2.67 | 9.7 | |
| 2021 | 1.9 | 2.17 | 2.28 | 2.32 | 8.67 | |
| 2020 | 0.83 | 0.93 | 1.36 | 1.92 | 5.04 | |
| 2019 | 1.16 | 1.19 | 1.24 | 1.25 | 4.84 | |
| 2018 | 0.96 | 0.99 | 1.05 | 1.14 | 4.14 | |
| 2017 | 0.70 | 0.76 | 0.79 | 0.85 | 3.1 | |
| 2016 | 0.60 | 0.62 | 0.66 | 0.70 | 2.58 | |
| 2015 | 0.45 | 0.49 | 0.53 | 0.57 | 2.04 | |
| 2014 | 0.35 | 0.40 | 0.46 | 0.46 | 1.67 | |
| 2013 | 0.24 | 0.39 | 0.33 | 0.35 | 1.31 | |
| 2012 | 0.12 | 0.15 | 0.18 | 0.38 | 0.83 | |
| 2011 | 0.03 | 0.05 | 0.04 | 0.07 | 0.19 | |
| 2010 | -0.03 | -0.02 | -0.01 | -0.17 | -0.23 | |
| 2009 | -2.33 | -0.31 | -0.37 | 0.27 | -2.74 | |
| 2008 | 0.14 | 0.08 | -2.84 | -4.65 | -7.27 | |
| 2007 | 0.39 | 0.25 | 0.35 | 0.07 | 1.06 | |
| 2006 | 0.33 | 0.38 | 0.40 | 0.30 | 1.41 | |
| 2005 | 0.27 | 0.32 | 0.31 | 0.34 | 1.24 |