Western Alliance Bancorporation(WAL) - 2023 Q1 - Earnings Call Presentation

Deposit Base and Liquidity - Deposits stabilized at approximately $47 billion by March 20, with net growth of around $900 million by quarter-end[4] - Deposits increased by $2.9 billion since March 20, reaching $49.6 billion by April 14[5] - Insured deposits are approximately 73% of total deposits as of April 14[6] - Uninsured deposit liquidity coverage is 158% as of April 14[6] - Total available liquidity is $33.6 billion as of April 14, including $1.9 billion in on-balance sheet cash and $24.7 billion in unused borrowing capacity[13] Capital and Balance Sheet - CET1 ratio was 9.4% in Q1 2023[14] - Balance sheet repositioning included $1.74 billion in asset sales completed in Q1 2023[9] - Reclassified $6.0 billion of HFI loans to HFS at an average mark of approximately 2%[9] - Contracted to sell $3.0 billion of loans in Q2 2023, expected to increase CET1 to 9.89%[9, 11] - Target CET1 ratio to exceed 10% by Q2 2023[8, 11] Financial Performance - Net income was $142.2 million, or $251.9 million adjusted, in Q1 2023[14, 16] - Net revenue was $551.9 million, or $712.2 million adjusted, in Q1 2023[14] - Loans decreased by $5.4 billion quarter-over-quarter, reaching $46.4 billion[14, 24] - Deposits decreased by $6.1 billion quarter-over-quarter, totaling $47.6 billion[14, 30]