News

• 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 o More
  
  Jul 19, 2023
• 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.  Less
  
  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 ad More
  
  Apr 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.  Less
  
  Apr 19, 2023

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