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, 2020 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 2020 Earnings Conference Call October 23, 2020 12:00 PM ET Company Participants Ken Vecchione - President and CEO Dale Gibbons - CFO Tim Bruckner - Chief Credit Officer Conference Call Participants Brad Milsaps - Piper Sandler Chris McGratty - KBW Michael Young - SunTrust Gary Tenner - D.A. Davidson Brock Vandervliet - UBS Timur Braziler - Wells Fargo David Chiaverini - Wedbush Securities Andrew Terrell - Stephens Jon Arfstrom - RBC Operator Good day, everyone a ...

EARNINGS CALL 3 rd QUARTER 2020 October 23, 2020 Forward-Looking Statements This release 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 results, future economic performance and di ...

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, 2020 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 ...

EARNINGS CALL 2nd QUARTER 2020 July 17, 2020 Forward-Looking Statements This release 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 results, future economic performance and divide ...

INVESTOR CALL PRESENTATION May 2020 COMPANY OVERVIEW Western Alliance Bancorporation Overview | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------------------------------------------------------|-------|---------------------|-----------------------------|------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $29B+ | NYSE: WAL | | Regional Footprint | | | | in assets | Headquart ...

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, 2020 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 char ...

Western Alliance Bancorp (NYSE:WAL) Q1 2020 Earnings Conference Call April 17, 2020 12:00 PM ET Company Participants Kenneth Vecchione - CEO, President & Director Dale Gibbons - Vice Chairman & CFO Timothy Bruckner - EVP & Chief Credit Officer Conference Call Participants Casey Haire - Jefferies Arren Cyganovich - Citigroup Brocker Vandervliet - UBS Investment Bank Bradley Milsaps - Piper Sandler & Co. Christopher McGratty - KBW Timur Braziler - Wells Fargo Securities Jon Arfstrom - RBC Capital Markets Tyle ...

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, 2019 ☐ 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) One E. Wa ...

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents Western Alliance Bancorporation's unaudited consolidated financial statements, including balance sheets, income statements, and cash flows, with detailed notes [Glossary of Entities and Terms](index=4&type=section&id=Glossary%20of%20Entities%20and%20Terms) This section provides a glossary of acronyms and abbreviations for entities, divisions, and financial terms used in the Form 10-Q - The glossary defines key entities like **WAL** and **WAB**, along with their banking divisions[12](index=12&type=chunk) - It also defines important financial and regulatory terms such as **AFS**, **HTM**, **CRE**, and **PPNR**[12](index=12&type=chunk) [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to **$26.3 billion** by September 30, 2019, driven by growth in net loans and deposits, with stockholders' equity rising to **$2.9 billion** Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2019 (Unaudited) | Dec 31, 2018 | | :--- | :--- | :--- | | **Total Assets** | **$26,324,245** | **$23,109,486** | | Net Loans Held for Investment | $19,966,037 | $17,557,912 | | Total Deposits | $22,440,814 | $19,177,447 | | **Total Liabilities** | **$23,401,182** | **$20,495,752** | | **Total Stockholders' Equity** | **$2,923,063** | **$2,613,734** | [Consolidated Income Statements](index=7&type=section&id=Consolidated%20Income%20Statements) Net income for Q3 2019 increased to **$127.4 million**, driven by higher net interest income, with diluted EPS reaching **$1.24** Key Income Statement Data (in thousands, except per share amounts) | Metric | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $266,422 | $234,038 | $768,439 | $672,366 | | Provision for Credit Losses | $4,000 | $6,000 | $14,500 | $17,000 | | **Net Income** | **$127,375** | **$111,123** | **$371,107** | **$316,702** | | Diluted EPS | $1.24 | $1.05 | $3.59 | $3.00 | [Consolidated Statements of Comprehensive Income](index=9&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income for Q3 2019 significantly increased to **$136.6 million**, primarily due to a positive swing in unrealized gains on AFS securities Comprehensive Income Summary (in thousands) | Component | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $127,375 | $111,123 | $371,107 | $316,702 | | Net Other Comprehensive Income (Loss) | $9,218 | $(19,048) | $69,221 | $(66,160) | | **Comprehensive Income** | **$136,593** | **$92,075** | **$440,328** | **$250,542** | [Consolidated Statements of Stockholders' Equity](index=10&type=section&id=Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity grew to **$2.92 billion**, driven by net income and other comprehensive income, partially offset by stock repurchases and dividends - For the nine months ended Sep 30, 2019, the company repurchased **2,734 thousand shares** totaling **$115.6 million**[24](index=24&type=chunk) - Dividends of **$25.7 million** were paid during the nine months ended Sep 30, 2019[24](index=24&type=chunk) [Consolidated Statements of Cash Flows](index=12&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities was **$534.5 million**, while investing activities used **$2.78 billion**, resulting in a **$373.5 million** net increase in cash Cash Flow Summary - Nine Months Ended Sep 30 (in thousands) | Activity | 2019 | 2018 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $534,505 | $396,280 | | Net Cash used in Investing Activities | $(2,775,174) | $(1,642,157) | | Net Cash from Financing Activities | $2,614,156 | $1,529,673 | | **Net Increase in Cash** | **$373,487** | **$283,796** | [Notes to Unaudited Consolidated Financial Statements](index=15&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) This section provides detailed explanations of accounting policies and financial data, covering investment securities, loans, credit losses, and segment reporting [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=70&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q3 2019 financial performance, highlighting strong loan and deposit growth, net interest income increase, asset quality, capital adequacy, and liquidity management [Financial Overview and Highlights](index=70&type=section&id=Financial%20Overview%20and%20Highlights) Q3 2019 showed strong financial performance with **$127.4 million** net income, **$2.4 billion** loan growth, and **$3.3 billion** deposit growth - Net income for Q3 2019 was **$127.4 million**, with diluted EPS of **$1.24**[285](index=285&type=chunk) - Total loans grew to **$20.2 billion**, an increase of **$2.4 billion** from December 31, 2018[285](index=285&type=chunk) - Total deposits reached **$22.4 billion**, an increase of **$3.3 billion** from December 31, 2018[285](index=285&type=chunk) [Results of Operations](index=73&type=section&id=Results%20of%20Operations) Net interest income increased by **13.8%** to **$266.4 million**, while net interest margin compressed, and non-interest income and expenses both rose - Q3 2019 net interest income increased by **$32.4 million (13.8%)** year-over-year, while net interest margin decreased by **27 basis points** to **4.41%**[316](index=316&type=chunk) - The provision for credit losses was **$4.0 million** for Q3 2019, a decrease from **$6.0 million** in Q3 2018[318](index=318&type=chunk) - Non-interest income increased by **$15.0 million** year-over-year, primarily due to a **$10.4 million** positive swing from investment security sales[320](index=320&type=chunk) - Non-interest expense increased by **$12.1 million (10.6%)** year-over-year, driven by higher deposit costs and salaries[323](index=323&type=chunk) [Balance Sheet Analysis](index=88&type=section&id=Balance%20Sheet%20Analysis) Total assets grew to **$26.3 billion**, a **13.9%** increase, fueled by **$2.4 billion** in loan growth and **$3.3 billion** in deposit growth - Total assets increased by **$3.2 billion (13.9%)** since December 31, 2018, primarily due to a **$2.4 billion (13.8%)** increase in loans[329](index=329&type=chunk) - Total deposits grew by **$3.3 billion (17.0%)** since December 31, 2018, with significant increases in savings/money market and non-interest bearing deposits[354](index=354&type=chunk) - Total non-performing loans increased to **$95.3 million (0.25% of gross loans)** from **$64.8 million (0.16% of gross loans)** at year-end 2018[340](index=340&type=chunk)[341](index=341&type=chunk) [Capital Resources](index=96&type=section&id=Capital%20Resources) The company and its banking subsidiary remained well-capitalized, with a Common Equity Tier 1 ratio of **10.3%** and Total Capital ratio of **12.6%** Regulatory Capital Ratios | Ratio | Sep 30, 2019 | Dec 31, 2018 | Well-Capitalized Minimum | | :--- | :--- | :--- | :--- | | Common Equity Tier 1 | 10.3% | 10.7% | 6.5% | | Tier 1 Capital | 10.6% | 11.1% | 8.0% | | Total Capital | 12.6% | 13.2% | 10.0% | | Tier 1 Leverage | 10.4% | 10.9% | 5.0% | [Liquidity](index=97&type=section&id=Liquidity) The company maintained a strong liquidity position with **$3.4 billion** in liquid assets and significant borrowing capacity from FHLB and FRB - Liquid assets totaled **$3.4 billion** at September 30, 2019, including **$872.1 million** in cash and **$2.6 billion** in unpledged securities[365](index=365&type=chunk) - Available borrowing capacity includes **$4.0 billion** from the FHLB and **$1.4 billion** from the FRB[365](index=365&type=chunk) - The Parent company is assessed to have adequate liquidity to operate for over twelve months without new funding sources[366](index=366&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=99&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages interest rate risk using simulation models, projecting NII to increase by **7.0%** and EVE to decrease by **0.5%** under a +100 bps rate shock Sensitivity of Net Interest Income (12-Month Parallel Shift) | Rate Scenario | % Change in NII | | :--- | :--- | | Down 100 bps | (4.8)% | | Up 100 bps | 7.0% | | Up 200 bps | 14.5% | Sensitivity of Economic Value of Equity | Rate Scenario | % Change in EVE | | :--- | :--- | | Down 100 bps | (1.2)% | | Up 100 bps | (0.5)% | | Up 200 bps | (2.3)% | [Item 4. Controls and Procedures](index=102&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures are effective, with no material changes to internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were effective as of the end of the reporting period[387](index=387&type=chunk) - No material changes to internal control over financial reporting occurred during the quarter ended September 30, 2019[388](index=388&type=chunk) [PART II. OTHER INFORMATION](index=102&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=102&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material pending legal proceedings, with any ongoing litigation considered routine business - There are no material pending legal proceedings against the company[389](index=389&type=chunk) [Item 1A. Risk Factors](index=102&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the company's Annual Report on Form 10-K for 2018 - No material changes to risk factors were reported since the last Annual Report on Form 10-K[390](index=390&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=102&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q3 2019, the company repurchased **1,000,000 shares** for **$43.63** per share, with **$98.9 million** remaining for repurchase Issuer Purchases of Equity Securities (Q3 2019) | Period | Total Shares Purchased | Average Price Paid Per Share | Shares Purchased Under Program | | :--- | :--- | :--- | :--- | | Jul 2019 | 13,941 | $45.77 | 0 | | Aug 2019 | 1,000,000 | $43.63 | 1,000,000 | | Sep 2019 | 18,436 | $46.76 | 0 | | **Total** | **1,032,377** | **$43.71** | **1,000,000** | - The company has a **$250 million** stock repurchase program expiring December 31, 2019, with approximately **$98.9 million** remaining available for repurchase[391](index=391&type=chunk)[392](index=392&type=chunk) [Item 5. Other Information](index=102&type=section&id=Item%205.%20Other%20Information) This item is not applicable for the reporting period - Not applicable[393](index=393&type=chunk) [Item 6. Exhibits](index=103&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and Interactive Data Files - Exhibits filed include CEO and CFO certifications pursuant to Rule 13a-14(a)/15d-14(a) and Section 906 of the Sarbanes-Oxley Act[395](index=395&type=chunk)