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Dec 31, 2024
Western Alliance Q4 2024 Earnings Report
Western Alliance's Q4 2024 financial performance reflected strong earnings growth and resilient asset quality.
Key Takeaways
Western Alliance reported a strong fourth quarter with earnings per share of $1.95, a 46.6% increase compared to Q4 2023. The company's return on tangible common equity was 14.6%, and tangible book value per share rose 11.9% year-over-year to $52.27. Deposits declined by $1.7 billion due to seasonal tax escrow deposit outflows.
Net income reached $216.9 million, with earnings per share at $1.95.
Pre-provision net revenue was $319.4 million.
Net interest margin was 3.48%.
The efficiency ratio was 61.2%, adjusted for deposit costs it was 51.1%.
Forward Guidance
The press release does not contain specific forward guidance. It mentions that Western Alliance's credit and deposit platforms position them for a sustained earnings trajectory into 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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