Western Alliance Q3 2023 Earnings Report
Key Takeaways
Western Alliance Bancorporation reported a net income of $216.6 million and earnings per share of $1.97 for Q3 2023. The company's profitability was strengthened by net interest income growth and net interest margin expansion. Deposit momentum improved liquidity levels, with a quarterly deposit growth of $3.2 billion.
Net income reached $216.6 million, with earnings per share at $1.97.
Quarterly deposit growth was $3.2 billion, lowering the HFI loan-to-deposit ratio to 91%.
Total insured and collateralized deposits represented 82% of deposits.
Tangible book value per share climbed 1.3% quarterly to $43.66, or 17.5% year-over-year, with a CET1 ratio of 10.6%.
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.