Loan Portfolio - As of December 31, 2022, the Company's Held for Investment (HFI) loan portfolio totaled $51.9 billion, representing approximately 77% of total assets[30] - Commercial and industrial loans accounted for 39.9% of the HFI loan portfolio in 2022, down from 46.8% in 2021[30] - The Company reported a net loan amount of $51.6 billion after accounting for an allowance for credit losses of $310 million as of December 31, 2022[30] - The residential real estate loans increased to $15.9 billion, making up 30.7% of the HFI loan portfolio in 2022, compared to 23.8% in 2021[30] - The Company’s commercial real estate loans for non-owner occupied properties represented 18.0% of the HFI loan portfolio in 2022, up from 16.7% in 2021[30] - The construction and land development loans remained stable at 7.7% of the HFI loan portfolio for both 2022 and 2021[30] - As of December 31, 2022, commercial and industrial loans constituted 40% of the Company's held-for-investment (HFI) loan portfolio, while commercial real estate (CRE) and construction loans represented 29%[51] Financial Performance - Total interest income for 2022 was $2,691.8 million, a 62.1% increase from $1,658.7 million in 2021[370] - Net income for 2022 reached $1,057.3 million, up 17.6% from $899.2 million in 2021[372] - Net interest income after provision for credit losses was $2,148.2 million, compared to $1,570.2 million in 2021, reflecting a 36.7% increase[370] - Total non-interest income decreased to $324.6 million in 2022 from $404.2 million in 2021, a decline of 19.7%[370] - Total non-interest expense rose to $1,156.7 million in 2022, up from $851.4 million in 2021, marking a 36% increase[370] - Basic earnings per share for 2022 was $9.74, compared to $8.72 in 2021, representing an increase of 11.7%[370] - The provision for credit losses was $68.1 million in 2022, compared to a recovery of $(21.4) million in 2021[370] - Comprehensive income for 2022 was $380.6 million, down from $822.6 million in 2021, a decrease of 53.8%[372] Capital and Liquidity - As of December 31, 2022, the Company's total deposits reached $53.644 billion, an increase from $47.612 billion in 2021, with non-interest-bearing deposits comprising 36.7% of the total[48] - The company has $4.3 billion in borrowings from the FHLB of San Francisco as of December 31, 2022, which are crucial for meeting short-term liquidity needs[113] - As of December 31, 2022, the company's CET1 ratio was 9.3%, above the regulatory threshold of 6.5% but below its targeted capital level, indicating a need for potential equity issuance or growth reduction to improve capital ratios[110] Risk Management - The allowance for credit losses (ACL) is maintained at a level adequate to absorb estimated lifetime credit losses inherent in the loan and investment securities portfolios[40] - The Company emphasizes timely identification of troubled credits to allow management to take prompt corrective action when necessary[32] - The company has established a risk management framework to mitigate various risks, but acknowledges that these practices may prove inadequate or ineffective, leading to unexpected losses[125] - The company is exposed to environmental liabilities related to properties securing its loans, which could result in substantial costs[96] - The company is subject to capital adequacy standards and liquidity rules, and failure to meet these could restrict its activities and impact profitability[110] Employee and Diversity Initiatives - The Company employed 3,365 full-time equivalent employees as of December 31, 2022, marking a 7% increase from the previous year[56] - The employee turnover rate decreased from 19% in 2021 to 17% in 2022, with a notable reduction in the residential mortgage banking workforce due to lower production volumes[63] - In 2022, 48% of open positions were filled by external candidates from ethnic minority groups, and 74% of promotions were awarded to ethnically diverse or female employees[61] - The Company has established an executive-led Opportunity Council to enhance diversity, equity, and inclusion (DEI) initiatives, focusing on the career advancement of underrepresented groups[57] - The Company's directors belonging to an ethnic minority group increased from 15% in 2021 to 21% in 2022, reflecting a commitment to diversity in leadership[59] Market and Competitive Environment - The financial services industry remains highly competitive, with significant impacts from federal and state legislation allowing non-bank institutions to compete more effectively[53] - Increased competition in the financial services industry, particularly from non-traditional competitors and financial technology companies, poses a risk to the company's revenue and market position[100] - The company is highly dependent on the real estate market, with a significant portion of its loan portfolio secured by real estate, making it vulnerable to market fluctuations[92] Digital Initiatives and Acquisitions - The Company acquired Digital Settlement Technologies (DST) on January 25, 2022, enhancing its digital payment services for the class action legal industry[18] - The company is investing in digital payments initiatives, including a fully integrated digital banking platform and a digital token powered by the TassatPay platform, but faces uncertainties related to market acceptance and regulatory scrutiny[105] - The company is actively pursuing an expansion strategy through acquisitions, similar to past acquisitions like AmeriHome in 2021 and DST in 2022, but faces significant risks including valuation difficulties and integration challenges[101] Interest Rate Sensitivity - The company's net interest income is sensitive to changes in market interest rates, which can significantly affect revenue and earnings[1] - The company's interest rate risk is actively monitored and managed, with strategies in place to limit exposure to fluctuations within acceptable risk levels[328] - A simulation model indicated that a 100 basis point increase in interest rates would result in a 5.9% increase in net interest income, while a 100 basis point decrease would lead to a 3.0% decrease[336] Regulatory Compliance - Compliance with extensive regulations may increase costs and impact the company's ability to offer competitive products, particularly in the context of evolving consumer protection laws[128] - The company is subject to a 15% book minimum tax on corporations with a three-year average annual adjusted financial statement income exceeding $1 billion, as per the IRA signed into law in August 2022[135] Financial Position - Total assets increased to $67,734 million in 2022, up from $55,983 million in 2021, indicating a growth of approximately 21%[367] - Total liabilities rose to $62,378 million in 2022, compared to $51,020 million in 2021, representing an increase of about 22%[367] - Total stockholders' equity reached $5,356 million as of December 31, 2022, compared to $4,963 million in the previous year, marking an increase of approximately 8%[367]

Western Alliance | Bancorporation® EARNINGS CALL 4th Quarter 2022 JANUARY 25, 2023 Forward-Looking Statements This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding our expectations with regard to our business, financial and operating resu ...

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 September 30, 2022 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 WESTERN ALLIANCE BANCORPORATION (Exact name of registrant as specified in its c ...

Western Alliance Bancorporation (NYSE:WAL) Q3 2022 Earnings Conference Call October 21, 2022 12:00 PM ET Company Participants Miles Pondelik - Director of IR and Corporate Development Ken Vecchione - President and CEO Dale Gibbons - CFO Conference Call Participants Casey Haire - Jefferies Ebrahim Poonawala - Bank of America Steven Alexopoulos - JPMorgan Brad Milsaps - Piper Sandler Tim Braziler - Wells Fargo Chris McGratty - KBW Andrew Terrell - Stephens Inc. Brandon King - Truist Security Jon Arfstrom - RB ...

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, 2022 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 WESTERN ALLIANCE BANCORPORATION (Exact name of registrant as specified in its charte ...

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 Bran ...

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 March 31, 2022 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 WESTERN ALLIANCE BANCORPORATION (Exact name of registrant as specified in its chart ...

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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ 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 WESTERN ALLIANCE BANCORPORATION (Exact name of registrant as specified in its charter) Delaware ...

Western Alliance Bancorporation (NYSE:WAL) Q4 2021 Earnings Conference Call January 28, 2022 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Ken Vecchione - President and CEO Dale Gibbons - CFO Timothy Bruckner - Chief Credit Officer Conference Call Participants Casey Haire - Jefferies Brock Vandervliet - UBS Ebrahim Poonawala - Bank of America Merrill Lynch Timur Braziler - Wells Fargo Brad Milsaps - Piper Sandler Chris McGratty - KBW Brandon King - Truist Secur ...