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Jun 30, 2021
Western Alliance Q2 2021 Earnings Report
Reported record revenues, PPNR, and earnings, driven by diversified national commercial business strategy and the AmeriHome acquisition.
Key Takeaways
Western Alliance Bancorporation reported a record net income of $223.8 million and earnings per share of $2.17 for the second quarter of 2021. Balance sheet growth was driven by an increase in HFI loans and deposit growth, lifting total assets to $49.1 billion.
Net income reached a record $223.8 million, with earnings per share at $2.17.
HFI loans increased by $2.0 billion (29.3% annualized), excluding PPP payoffs.
Deposits grew by $3.5 billion (36.9% annualized).
Total assets increased to $49.1 billion.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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