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Mar 31, 2022
Western Alliance Q1 2022 Earnings Report
Western Alliance's Q1 2022 financial results, marked by balance sheet growth and strong financial performance, were reported.
Key Takeaways
Western Alliance Bancorporation reported a strong first quarter in 2022, with net income of $240.1 million and earnings per share of $2.22. The company's balance sheet grew, surpassing $60 billion in assets, driven by loan and deposit growth. Asset quality remained strong, with low nonperforming assets and negligible net charge-offs.
Net income reached $240.1 million, with earnings per share at $2.22.
Total assets exceeded $60 billion, fueled by loan growth of $2.0 billion and deposit growth of $4.5 billion.
Pre-provision net revenue (PPNR) increased to $307.2 million, reflecting strong earnings power.
Asset quality remained robust, with nonperforming assets at 0.17% of total assets and negligible net charge-offs.
Forward Guidance
This release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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