Western Alliance Q4 2020 Earnings Report
Key Takeaways
Western Alliance Bancorporation reported a strong Q4 2020 with record net income of $193.6 million, EPS of $1.93, and PPNR of $206.4 million. The company benefited from a $34.2 million release in loan loss reserves and growth in loans and deposits, leading to increased total assets and tangible book value per share.
Net income reached a record $193.6 million, with earnings per share at $1.93, benefiting from a $34.2 million release in loan loss reserves.
Quarterly loan and deposit growth were $1.0 billion and $3.1 billion, respectively, increasing total assets to $36.5 billion.
Pre-provision net revenue (PPNR) increased by 13.9% to $206.4 million.
Net interest margin rose to 3.84%, up 13 basis points from the prior quarter, and tangible book value per share increased by 6.4% to $30.90.