Western Alliance Q3 2024 Earnings Report

Delivered solid third quarter results with strong net interest income growth, loan and deposit momentum, and healthy earnings generation.

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%.