Western Alliance Q1 2022 Earnings Report
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.
Western Alliance
Western Alliance
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.