Apr. 22 at 2:36 AM
$WAL Western Alliance reports Q1 EPS
$1.79, consensus
$1.78
Reports Q1 revenue
$778M, consensus
$793.2M. "Western Alliance delivered solid first quarter results led by continued loan and deposit growth following the completion of our balance sheet repositioning efforts in 2024," said Kenneth A. Vecchione, President and Chief Executive Officer. "Our deep segment and product expertise enables our business to adapt quickly to an evolving macro environment, while our fortified capital and liquidity levels position the firm to maintain business momentum and prudent credit risk management.
Quarterly loan and deposit growth of
$1.1 billion and
$3.0 billion, respectively, continued their upward trajectory and produced PPNR of
$277.6 million. Asset quality remained stable with nonperforming assets declining to 0.60% of total assets and net loan charge-offs declining to 0.20% of average loans. Overall, we achieved net income of
$199.1 million and earnings per share of
$1.79 for the first quarter 2025, which resulted in a return on tangible common equity of 13.4%. Tangible book value per share climbed 14.4% year-over-year to
$54.10 with a CET 1 ratio of 11.1%."
