NYSE$WAL
Western Alliance Bancorporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong first quarter results driven by deposit growth and balance sheet repositioning.
Western Alliance Bancorporation reported a net income of $177.4 million and earnings per share of $1.60 for Q1 2024. The company saw significant deposit growth of $6.9 billion, which enhanced liquidity and allowed for the repayment of $1.0 billion in borrowings. Excluding notable items, net income was $190.9 million and earnings per share were $1.72.
- Net income reached $177.4 million, with earnings per share at $1.60.
- Deposits grew by $6.9 billion, improving the loan-to-deposit ratio to 81.5%.
- The company repaid $1.0 billion of borrowings, enhancing its liquidity profile.
- Tangible book value per share climbed 13.8% year-over-year to $47.30, with a CET 1 ratio of 11.0%.
Headline financials
Revenue & EPS history
Western Alliance · Revenue · Quarterly
$729M
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.
Tailwinds
- Expectations with regard to our business
- Financial and operating results
- Future economic performance
- Dividends
- Management’s estimates and projections of interest rates and interest rate policy
Headwinds
- The risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission
- Adverse developments in the financial services industry generally such as the bank failures in 2023 and any related impact on depositor behavior
- Risks related to the sufficiency of liquidity
- Changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business
- The impact on financial markets from geopolitical conflicts such as the wars in Ukraine and the Middle East
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 2024
+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
| Quarter | Report date | Reaction (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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