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.
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Western Alliance: 2024 Is Off To A Good Start