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Jun 30, 2023
Western Alliance Q2 2023 Earnings Report
Achieved net income and earnings per share for the second quarter 2023, bolstered liquidity and capital, sustained profitability, and expanded core client relationships.
Key Takeaways
Western Alliance Bancorporation reported a net income of $215.7 million and earnings per share of $1.96 for Q2 2023. The company successfully executed its balance sheet repositioning strategy, bolstering liquidity and capital. Deposit growth was $3.5 billion, and the HFI loan-to-deposit ratio lowered to 94%.
Net income of $215.7 million and earnings per share of $1.96.
Quarterly deposit growth of $3.5 billion lowered HFI loan-to-deposit ratio to 94%.
Total insured and collateralized deposits represent 81% of deposits.
Available liquidity coverage of 276% of uninsured deposits.
Western Alliance
Western Alliance
Forward Guidance
The press release does not contain specific forward guidance. Therefore, a response is not possible.