Western Alliance Bancorporation

Western Alliance Bancorp is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services. It operates through the following business segments: Commercial, Consumer Related, and Corporate and Other. The Commercial segment focuses on delivering commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. The Consumer Related segment provides commercial banking services to enterprises in consumer-related sectors and consumer banking services. The Corporate and Other segment represents the company's investment portfolio, corporate borrowings and other related items, income and expense items. The company was founded in 1995 and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Western Alliance Bancorporation excels in 2022, eyes balanced growth in 2023

Western Alliance Bancorporation's strong performance in 2022 positions it well for continued growth in 2023, with a focus on maintaining asset quality, balancing loan and deposit growth, and optimizing expenses. The company aims to leverage its balance sheet for net interest income growth and navigate challenges to achieve its strategic goals.

Western Alliance Bancorporation reports solid Q1 performance amidst deposit challenges

Western Alliance Bancorporation demonstrated resilience in Q1 amidst deposit outflows, focusing on rebuilding capital, deepening client relationships, and targeting deposit growth in resilient segments.
The bank's proactive approach to financial management, stable NIM outlook, and emphasis on core relationships position it well for steady growth and operational efficiency.
Challenges in managing deposit outflows, interest rate uncertainties, and credit normalization processes are balanced by opportunities in deposit growth strategies, efficiency improvements, and revenue enhancement.

Western Alliance Bancorporation reports robust Q2 performance and growth outlook

Western Alliance Bancorporation (WAL) delivered a strong Q2 performance with robust revenue and deposit growth, focusing on balance sheet strength and client relationships.
While challenges exist in retaining deposits and managing costs post-rate hikes, WAL is well-positioned to capitalize on opportunities in revenue diversification and expense efficiency.
Anticipated stable asset quality, provision levels, and EPS, coupled with a strategic focus on growth and risk management, signal a positive outlook for WAL's future performance.

Western Alliance Bancorporation posts strong Q3 results amidst market challenges

Western Alliance Bancorporation demonstrated strong financial performance in Q3 2023, driven by deposit growth and improved capital ratios.
While facing challenges such as rising mortgage rates and potential net charge-offs, the bank is poised for continued growth and stability in 2024.
Opportunities in sustaining income streams, expanding loan portfolios, and enhancing digital platforms position the bank for future success.

Western Alliance Bancorporation reports robust Q4 earnings and eyes growth opportunities

Western Alliance Bancorporation (WAL) delivered strong Q4 results, focusing on balance sheet growth, liquidity enhancement, and maintaining stable asset quality. While challenges like economic uncertainties and potential fee income decreases exist, opportunities for growth through liquidity building and M&A transactions are on the horizon.

Western Alliance Bancorporation reports strong Q1 performance and outlines growth strategies for 2024

Western Alliance Bancorporation (WAL) delivered a strong Q1 2024 performance with notable financial results and strategic achievements, emphasizing sustainable growth and robust risk management practices.
Despite facing challenges like increased classified assets and NIM pressure, the company's focus on capital management, organic growth, and revenue diversification positions it well for future opportunities.
With a clear roadmap for achieving upper teens return on tangible equity and a commitment to prudent risk management, Western Alliance Bancorporation showcases resilience and strategic foresight in a dynamic market environment.
Investors can be optimistic about the company's performance outlook, given its strong financial fundamentals, growth targets, and proactive approach to addressing industry challenges.

Western Alliance Bancorporation excels in Q2, eyes growth opportunities

Western Alliance Bancorporation delivered strong financial results in Q2, driven by earnings growth strategies and solid core performance.
While facing challenges such as provision expenses and revenue diversification, the bank's focus on asset quality and growth opportunities bodes well for the future.
With a positive outlook for loan and deposit growth in 2024, Western Alliance Bancorporation is poised for continued success in the market.

Western Alliance Bancorporation reports strong Q3 earnings and eyes growth opportunities

Western Alliance Bancorporation (WAL) delivered strong financial performance in Q3 2024, driven by solid earnings and growth in key business segments.
While facing challenges such as seasonal deposit outflows and margin compression, the company remains well-positioned with stable asset quality and growth prospects.
Opportunities exist in optimizing deposit mix, managing costs, and sustaining growth momentum to capitalize on future prospects.
Overall, the company's positive outlook for 2025 underscores confidence in its ability to navigate challenges and capitalize on opportunities for continued success.

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PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) today announced its primary subsidiary, Western Alliance Bank, ranks #1 among the nation's top-performing large banks with $50 billion or more of assets per American Banker, the leading industry trade publication. The article in American Banker focuses on the bank's powerful performance and momentum, stating that, “Western Alliance, which crossed over the $50 billion-asset line in the third quarter of 2021, boasted a three-ye

Western Alliance Ranks #1 Among Banks Above $50B by American Banker

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) has been added to the KBW Nasdaq Bank Index (Index Ticker: BKX, ETF Ticker: KBWB), as announced by Keefe, Bruyette & Woods, Inc. (KBW). Per KBW, the change is part of index rebalancing for the third quarter of 2022 and will be effective prior to the opening of business on Monday, September 19, 2022. According to Nasdaq's website, “The KBW Bank Index is designed to track the performance of the leading banks and thrifts tha

Western Alliance Bancorporation Added to KBW Nasdaq Bank Index for Q3 2022

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank, one of the country's top-performing banking companies, today announced the promotions of several senior executives and the formation of a new Executive Leadership Team as part of the bank's continuing commitment to align its management structure to support its industry-leading growth. “I am delighted to share these well-deserved promotions with our employees, customers and investors,” said Western Alliance Bank President and Chief Executive Offic

Western Alliance Bank Announces Executive Promotions, Newly Formed Executive Leadership Team

Western Alliance (WAL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Western Alliance (WAL) Moves to Buy: Rationale Behind the Upgrade

The loan book is unlikely to continue to grow at the second quarter's outstanding rate. However, the growth rate will continue to remain at a remarkably high level. Thanks to sticky deposit costs, the topline is moderately rate sensitive.

Western Alliance Bancorporation: Strong Growth On The Cards

Western Alliance Bancorporation (NYSE:WAL ) Q2 2022 Earnings Conference Call July 22, 2022 12:00 PM ET CompanyParticipants Miles Pondelik - Director of Investor Relations & Corporate Development Ken Vecchione - Chief Executive Officer Dale Gibbons - Executive Vice President & Chief Financial Officer Timothy Bruckner - Chief Credit Officer Conference Call Participants Casey Haire - Jefferies Ebrahim Poonawala - Bank of America Brad Milsaps - Piper Sandler Timur Braziler - Wells Fargo Chris McGratty - KBW Brandon King - Truist Securities Gary Tenner - D.A. Davidson Jon Arfstrom - RBC Capital Markets Operator Good day, everyone.

Western Alliance Bancorporation (WAL) CEO Ken Vecchione on Q2 2022 Results - Earnings Call Transcript

Western Alliance (WAL) delivered earnings and revenue surprises of 3.91% and 7.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Western Alliance (WAL) Q2 Earnings and Revenues Surpass Estimates

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Second Quarter 2022 Financial Results

Western Alliance Bancorporation Reports Second Quarter 2022 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast

Western Alliance Bancorporation Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast

Horizon Technology Finance

LOS ANGELES , July 7, 2022 /PRNewswire/ -- Divergent Technologies Inc. ("Divergent"), the company that has developed the world's first end-to-end digital production system to revolutionize industrial-scale manufacturing, announced today that it has closed a new $60 million venture loan facility led by Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), and a new $20 million revolving line of credit provided by Bridge Bank, a division of Western Alliance Bank (NYSE: WAL) ("Bridge Bank"). The new facilities follow Divergent's successful $160 million Series C funding earlier this year.

Divergent Technologies Strengthens Capital Resources with $60 Million Loan Facility Led by Horizon Technology Finance and $20 Million Line of Credit from Bridge Bank

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Western Alliance is a conservative way to invest in rising interest rates.

This Banking Stock Is a Great Hedge Against Rising Interest Rates

The historical trend of double-digit loan growth will most probably continue in the year ahead amid a conducive economic environment. A large number of non-interest-bearing deposits will keep the average deposit cost upwards sticky; thereby, supporting the net interest margin.

Western Alliance Bancorp.: Earnings Outlook Remains Rosy

Western Alliance Bancorporation (NYSE:WAL ) Q1 2022 Earnings Conference Call April 22, 2022 12:00 PM ET Company Participants Miles Pondelik - Director of IR and Corporate Development Ken Vecchione - President and CEO Dale Gibbons - CFO Timothy Bruckner - Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Casey Haire - Jefferies Brock Vandervliet - UBS Brad Milsaps - Piper Sandler Brandon King - Truist Securities Gary Tenner - D.A. Davidson Jon Arfstrom - RBC Timur Braziler - Wells Fargo Chris O'Connell - KBW Operator Good day, everyone.

Western Alliance Bancorporation (WAL) CEO Ken Vecchione on Q1 2022 Results - Earnings Call Transcript

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports First Quarter 2022 Financial Results

Western Alliance Bancorporation Reports First Quarter 2022 Financial Results

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

Western Alliance Bancorporation Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board of Directors of the company and its principal subsidiary, Western Alliance Bank. Their Board terms will end at the company's annual meeting of stockholders in June. Sarver has served as a director on the Board since 2002 and as Executive Chairman since March 2018, while Hilton has served as a di

Western Alliance Bancorporation Announces Two Retirements from Board of Directors

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation today announced that its Board of Directors and Chief Executive Office have agreed to a contract extension that will keep Kenneth A. Vecchione as CEO and President of the company through at least 2024. Western Alliance also announced that Bruce Beach will be named Chairman of the company's Board of the Directors at its June 2022 annual meeting of stockholders. Beach, an accounting industry leader and entrepreneur with nearly 50 years of

Western Alliance Bancorporation Board Extends Contract of Chief Executive Officer

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Western Alliance Bankcorp ( WAL , Financial) caught my eye due to recent insider activity. Both the CEO and chief financial officer have purchased shares this year, spending a substantial amount to do so.

Western Alliance Bank: Where the Money Is

The bank stocks have experienced more pronounced hardships than most other sectors in 2022. As the market bottoms, this could be the time to start accumulating stocks poised to do well in a rising rate environment.

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Western Alliance Bancorporation (WAL) CEO Ken Vecchione on Q4 2021 Results - Earnings Call Transcript

Western Alliance Bank has completed its buy of Digital Settlement Technologies, DBA Digital Disbursements, the digital payments platform for the class action legal industry, a press release says. Digital Disbursements, rolled out in 2019, facilitates the seamless integration of a customizable pay menu with various settlement claim forms or payment selection websites.

Western Alliance Buys Payments Platform Digital Disbursements

Western Alliance (WAL) delivered earnings and revenue surprises of 1.74% and 1.30%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Western Alliance Bancorporation Stock (WAL)