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home / news releases / western alliance 2024 is off to a good start

WAL - Western Alliance: 2024 Is Off To A Good Start

Western Alliance Bancorporation

2024-04-19 17:13:39 ET

Summary

  • Western Alliance's Q1 2024 results show positive earnings, beating revenue expectations and exceeding non-GAAP EPS consensus.
  • The bank's loan portfolio shows growth in the Commercial & Industrial segment, while the Residential & Consumer segment struggles.
  • Deposits have seen significant growth, particularly in non-interest-bearing deposits, and the bank's liability costs have remained stable.

Western Alliance's ( WAL ) Q1 2024 was recently released, and the results were quite positive:

  • GAAP EPS of $1.60 missed by $0.03. Non-GAAP EPS of $1.72, vs. consensus of $1.67.
  • Revenue of $728.8M (+2.3% Y/Y) beat by $22.93M.

For further details see:

Western Alliance: 2024 Is Off To A Good Start
Stock Information
Company Name: Western Alliance Bancorporation
Stock Symbol: WAL
Market: NYSE
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