NYSE$WAL

Western Alliance Bancorporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Western Alliance's Q1 2022 financial results, marked by balance sheet growth and strong financial performance, were reported.

Western Alliance Bancorporation reported a strong first quarter in 2022, with net income of $240.1 million and earnings per share of $2.22. The company's balance sheet grew, surpassing $60 billion in assets, driven by loan and deposit growth. Asset quality remained strong, with low nonperforming assets and negligible net charge-offs.

  • Net income reached $240.1 million, with earnings per share at $2.22.
  • Total assets exceeded $60 billion, fueled by loan growth of $2.0 billion and deposit growth of $4.5 billion.
  • Pre-provision net revenue (PPNR) increased to $307.2 million, reflecting strong earnings power.
  • Asset quality remained robust, with nonperforming assets at 0.17% of total assets and negligible net charge-offs.

Headline financials

Total Revenue

$556M

Previous: $337M+64.9%
EPS (adj)

$2.22

Previous: $1.90+16.8%
Net interest margin

3.3%

Previous: 3.4%-1.5%
Return on average assets

1.6%

No prior period
Free Cash Flow

$240M

Previous: $193M+24.7%
Net Income

$240M

Previous: $193M+24.7%
Operating Income

$471M

Previous: $257M+83.7%
Gross Profit

$547M

Previous: $305M+79.5%
Cash & Equivalents

$2.6B

Previous: $5.35B-51.3%
Total Assets

$60.6B

Previous: $43.4B+39.6%
Stock-Based Comp

$9.8M

Previous: $8M+22.5%

Revenue & EPS history

Western Alliance · Revenue · Quarterly

$556M

Q1 2022+64.9%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+4.4%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+22.9%

Q1 2023

Best reaction

-13.2%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+2.7%+0.2%
Q4 2025+1.3%+4.0%+0.9%
Q3 2025+3.1%+4.0%+3.8%
Q2 2025-1.7%-1.7%+5.4%
Q1 2025+0.7%+7.4%+11.3%
Q4 2024-5.1%-6.5%-8.3%
Q3 2024-6.7%-10.2%-1.4%
Q2 2024+4.6%+6.4%+7.2%
Q1 2024+3.5%+7.8%+17.1%
Q4 2023+1.4%+3.0%-11.5%
Q3 2023-9.9%-12.2%+5.2%
Q2 2023+16.5%+21.4%+19.9%
Q1 2023+22.9%+23.7%+7.2%
Q4 2022+4.1%+9.7%+8.4%
Q3 2022+1.1%+7.4%+10.9%
Q2 2022-5.8%-7.4%+5.3%
Q1 2022-0.9%-3.0%-5.5%
Q4 2021-13.2%-9.3%-14.1%
Q3 2021+2.5%-0.4%-3.9%
Q2 2021-1.9%-1.8%+3.8%
Q1 2021+6.6%+3.1%+11.1%
Q4 2020-0.2%-2.5%+23.5%
Q3 2020+8.7%+1.5%+37.7%
Q2 2020-2.1%+1.9%+3.9%
Q1 2020+4.5%+4.1%-1.3%
Q4 2019+0.4%-0.5%-2.3%
Q3 2019+5.0%+6.6%+12.7%
Q2 2019+5.5%+8.0%-1.5%
Q1 2019+6.1%+7.9%-0.2%
Q4 2018+2.6%+2.5%+5.3%
Q3 2018-9.4%-11.3%-13.2%
Q2 2018+0.0%-0.1%-1.0%
Q1 2018+4.6%+5.0%+8.5%
Q4 2017-0.6%-2.1%-0.2%
Q3 2017+7.0%+6.9%+4.7%
Q2 2017+1.5%+5.3%-3.7%
Q1 2017+0.3%+5.7%-1.9%
Q4 2016+2.4%+0.1%+4.6%
Q3 2016-1.4%-1.3%+21.0%
Q2 2016+0.7%-0.1%+4.9%
Q1 2016-0.6%
Q4 2015+1.9%
Q3 2015+7.0%
Q2 2015-1.1%
Q1 2015+4.1%
Q4 2014+6.0%
Q3 2014+6.3%
Q2 2014-1.0%
Q1 2014+0.6%
Q4 2013-5.9%
Q3 2013+0.8%
Q2 2013+7.0%
Q1 2013+5.5%
Q4 2012+7.7%
Q3 2012+1.2%
Q2 2012-4.1%
Q1 2011-0.7%
Q1 2012+2.2%
Q4 2011-1.9%
Q4 2010-1.9%
Q3 2011-4.4%
Q2 2011-11.7%
Q3 2010-5.3%
Q2 2010-3.6%
Q1 2010+2.7%

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