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Sep 30, 2021
Western Alliance Q3 2021 Earnings Report
Western Alliance delivered exceptional balance sheet growth, surpassing the $50 billion asset milestone, while generating record revenues, PPNR and earnings.
Key Takeaways
Western Alliance Bancorporation reported a record quarter with net income of $236.9 million and earnings per share of $2.28. The company's unique national commercial business strategy produced highest ever quarterly organic loan growth of $4.8 billion, with deposits also up $3.4 billion.
Net income of $236.9 million and earnings per share of $2.28.
Net revenue of $548.5 million, an increase of 8.3%.
Pre-provision net revenue of $317.1 million, up $39.7 million.
Effective tax rate of 21.7%.
Forward Guidance
No forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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