Western Alliance Q2 2024 Earnings Report
Key Takeaways
Western Alliance Bancorporation reported a net income of $193.6 million and earnings per share of $1.75 for Q2 2024. The company experienced growth in net interest income, loan momentum, and deposit generation. The return on tangible common equity was 14.3%, and tangible book value per share climbed 13.2% year-over-year to $48.79, with a CET1 ratio of 11.0%.
Net income reached $193.6 million, with earnings per share at $1.75.
Pre-provision net revenue grew 22% linked quarter annualized excluding the impact of the FDIC special assessment.
Tangible book value per share increased 13.2% year-over-year to $48.79.
Total deposits increased by $4.0 billion, reaching $66.2 billion.
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.