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Jun 30, 2024
Western Alliance Q2 2024 Earnings Report
Delivered strong second quarter results with robust net interest income growth, gathering loan momentum, and sustained deposit generation.
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.
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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