Western Alliance Bancorporation (NYSE:WAL) Q3 2024 Earnings Conference Call October 18, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione - President & CEO Dale Gibbons - CFO Conference Call Participants Ebrahim Poonawala - Bank of America Christopher McGratty - KBW Jared Shaw - Barclays Matthew Clark - Piper Sandler Bernard Von Gizycki - Deutsche Bank Timur Braziler - Wells Fargo Anthony Elian - JPMorgan Gary Tenner - D.A. Davidson Samuel Varga ...

Western Alliance Bancorporation WAL reported mixed earnings for its third quarter on Thursday. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On Western Alliance Bancorporation Analyst Jon Arfstrom reiterated an Outperform rating and price target of $99. Western Alliance reported earnings of $1.80 per share, missing Street expectations of $1.89 per share, Arfstrom said in a note. "In total, this was a decent quarter for the company ...

Western Alliance (WAL) reported $833.1 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.9%. EPS of $1.80 for the same period compares to $1.97 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $811.4 million, representing a surprise of +2.67%. The company delivered an EPS surprise of -5.26%, with the consensus EPS estimate being $1.90. While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Western Alliance (WAL) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this bank holding company would post earnings of $1.71 per share when it actually produced earnings of $1.75, delivering a surprise of 2.34%. Over the last four quarters ...

Western Alliance Bancorporation One East Washington Street Phoenix, AZ 85004 www.westernalliancebancorporation.com lestern Alliance ancorporation PHOENIX--(BUSINESS WIRE)--October 17, 2024 THIRD QUARTER 2024 FINANCIAL RESULTS | --- | --- | --- | --- | --- | --- | |----------------------------------|--------------------|----------------|---------------------|--------------------------------------|-----------------------------------------------| | Quarter Highlights: \nNet income | Earnings per share | PPNR 1 ...

The upcoming report from Western Alliance (WAL) is expected to reveal quarterly earnings of $1.90 per share, indicating a decline of 3.6% compared to the year-ago period. Analysts forecast revenues of $811.4 million, representing an increase of 11.9% year over year. Over the last 30 days, there has been an upward revision of 1.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the co ...

The market expects Western Alliance (WAL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 17, 2024, might help the stock move higher if these key num ...

lightkey After facing pressures in early 2023 during the regional bank funding crisis, Western Alliance Bancorporation (NYSE:WAL) has recovered strongly. Shares are up 67% over the past year, sitting near a 52-week. Thanks to these gains on, September 23rd, Western Alliance will join the S&P 400 midcap index. I last covered WAL in April, and since then, shares have rallied 50%, far outpacing the market's 10% gain. This has also pushed shares past my $70 price target. Given the magnitude of the rally, now is ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from__________ to __________ Commission file number: 001-32550 | --- | --- | --- | --- | |--------------------------------------------------------- ...

Core Insights - Western Alliance Bancorporation (WAL) reported a significant year-over-year growth in total loans of $4.6 billion, with a notable increase in Commercial and Industrial (C&I) loans, which rose by $5.03 billion year-over-year [3][12] - The bank's deposit base also saw a substantial increase, with total deposits rising by $4 billion in the last quarter, primarily driven by non-interest-bearing deposits [6][16] - The overall loan quality remains strong, with WAL maintaining a lower Cumulative Net Charge-Offs/Average Nonperforming Loans ratio compared to many peers [5][24] Loan Portfolio - The loan portfolio increased by $1.7 billion from the previous quarter and $4.6 billion year-over-year, primarily due to C&I loans [12][11] - Management anticipates a loan portfolio of $54.8 billion by 2024, an increase of $500 million from previous guidance [4] Deposit Growth - Total deposits increased to $66.2 billion, with a quarterly change of $4 billion, reflecting a strong demand for non-interest-bearing deposits [6][16] - The guidance for deposits was raised to an expected increase of $14 billion over 2023, up from a previous estimate of $11 billion [7] Profitability and Net Interest Income - Net interest income improved by $57.7 million over the previous quarter, with net interest margin increasing by 3 basis points [27] - The updated guidance for net interest income is expected to rise between 9% and 14%, compared to a previous estimate of 5%-10% [28] Capital and Risk Management - WAL is well-capitalized, with a CET1 ratio adjusted for AOCI close to the 75th percentile, indicating strong financial health [19] - The bank's loss mitigation strategy is supported by strong underwriting standards, with an allowance for credit losses exceeding the peer median [24] Market Performance - Since the last article, WAL has outperformed the S&P 500 by approximately 22%, indicating strong market confidence in the bank's performance [10] - The price per share has seen significant appreciation, with expectations that it could reach a fair value of $98.54 in the coming months [31]