Western Alliance Q3 2024 Earnings Report
Key Takeaways
Western Alliance Bancorporation reported a solid third quarter with a net income of $199.8 million and earnings per share of $1.80. The company saw strong net interest income growth, continued loan and deposit momentum, and healthy earnings generation. Loan and deposit growth were $916 million and $1.8 billion, respectively. Asset quality remained stable.
Net income of $199.8 million and earnings per share of $1.80.
Quarterly loan and deposit growth of $916 million and $1.8 billion, respectively.
Asset quality remained stable with nonperforming assets to total assets ratio declining to 0.45% and net loan charge-offs of 0.20% of average loans.
Tangible book value per share climbed 19.1% year-over-year to $51.98 with a CET1 ratio of 11.2%.
Western Alliance
Western Alliance
Forward Guidance
The release does not contain any forward guidance.