NYSE$WAL

Western Alliance Bancorporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Western Alliance produced strong results, achieving record revenues and earnings, and growing loans and deposits.

Western Alliance Bancorporation reported a record net income of $128.1 million and earnings per share of $1.25 for Q4 2019, an increase of 10.6% over the prior year. Loan and deposit growth contributed to total assets reaching $26.8 billion. The net interest margin was 4.39%, and tangible book value rose 3.7% to $26.54.

  • Net income reached a record $128.1 million, with earnings per share at $1.25.
  • Net interest margin was 4.39%, a slight decrease of 2 basis points from the prior quarter.
  • Total assets increased to $26.8 billion, driven by loan and deposit growth.
  • Tangible book value increased 3.7% to $26.54.

Headline financials

Total Revenue

$288M

Previous: $257M+12.0%
EPS (adj)

$1.25

Previous: $1.13+10.6%
Net interest margin

4.4%

Previous: 4.7%-6.2%
Efficiency ratio

43.8%

No prior period
Return on average assets

1.9%

No prior period
Return on average tangible common equity

18.9%

No prior period
Net Income

$128M

Previous: $119M+7.5%
Operating Income

$154M

No prior period
Cash & Equivalents

$435M

Previous: $499M-12.8%
Total Assets

$26.8B

Previous: $23.1B+16.1%
Stock-Based Comp

$6.46M

Previous: $6.23M+3.6%

Revenue & EPS history

Western Alliance · Revenue · Quarterly

$288M

Q4 2019+12%vs Q4 2018
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Western Alliance remains committed to providing continued shareholder value with disciplined growth, while maintaining strong asset quality and industry leading revenue to expense metrics.

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 Q4 2019

Historical avgQ4 2019

+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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