Western Alliance Bancorporation(US:WAL)2025-01-28 14:14Financial Performance - Earnings per share increased to $1.95 in Q4 2024, compared to $1.80 in Q3 2024 and $1.33 in Q4 2023[6] - Net income reached $216.9 million in Q4 2024, up from $199.8 million in Q3 2024 and $147.9 million in Q4 2023[6] - Net revenue was $838.4 million in Q4 2024, compared to $823.1 million in Q3 2024 and $682.2 million in Q4 2023[6] - For the full year 2024, net income available to common stockholders was $774.9 million, compared to $709.6 million in 2023, resulting in earnings per share of $7.09 versus $6.54[9] Balance Sheet and Capital - Total loans amounted to $53.676 billion in Q4 2024, an increase from $53.346 billion in Q3 2024 and $50.297 billion in Q4 2023[6] - Total deposits were $66.341 billion in Q4 2024, a decrease from $68.040 billion in Q3 2024 but an increase from $55.333 billion in Q4 2023[6] - The CET1 ratio stood at 11.3% in Q4 2024, compared to 11.2% in Q3 2024 and 10.8% in Q4 2023[6] - Tangible book value per share increased to $52.27 in Q4 2024, up from $51.98 in Q3 2024 and $46.72 in Q4 2023[6] Asset Quality - Provision for credit losses was $60.0 million in Q4 2024, compared to $33.6 million in Q3 2024 and $9.3 million in Q4 2023[6] - Net loan charge-offs were $34.1 million in Q4 2024, compared to $26.6 million in Q3 2024 and $8.5 million in Q4 2023[6] - The ratio of net loan charge-offs to average loans was 0.25% in Q4 2024, compared to 0.20% in Q3 2024 and 0.07% in Q4 2023[6]