$WAL (Western Alliance Bancorporation)
Fiscal 2024 1Q Highlights - Comparisons to the Prior Year Quarter
● Net income of $177.4 million and earnings per share of $1.60, up 19.9% and 20.3%, from $147.9 million and $1.33, respectively
● Net revenue of $728.8 million, an increase of 6.8%, compared to an increase in non-interest expenses of 4.3%
● Total deposits of $62.2 billion, up $6.9 billion, or 12.5%
● HFI loan-to-deposit ratio of 81.5%, down from 90.9%
● Return on average assets of 0.98% compared to 0.84% and Return on tangible common equity of 13.4% compared to 11.9%
● Tangible book value per common share, net of tax of $47.30 up 13.8% from $41.56
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