WAL Stock Recent News

Western Alliance Bancorporation (NYSE:WAL ) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Company Participants Miles Pondelik – Director of Investor Relations and Corporate Development Dale Gibbons – Interim Chief Executive Officer and Chief Financial Officer Steve Curley – Chief Banking Officer-National Business Lines Tim Bruckner – Chief Banking Officer-Regional Banking Conference Call Participants Ebrahim Poonawala – Bank of America Matthew Clark – Piper Sandler Bernard Von Gizycki – Deutsche Bank Gary Tenner – D.A. Davidson Chris McGratty – KBW Ben Gerlinger – Citi Nick Holowko – UBS Andrew Terrell – Stephens Anthony Elian – J.P.

Western Alliance shares have rebounded strongly, nearing a 52-week-high, but the recent modest earnings beat suggests limited upside, prompting a move to "hold." The bank's Q4 earnings were driven by a lower tax rate, with total deposits up 20% year-over-year despite seasonal mortgage warehouse declines. Credit quality has deteriorated slightly, with increased provisions for credit losses and a rise in nonperforming loans, particularly in commercial real estate where its office exposure is a concern.

While the top- and bottom-line numbers for Western Alliance (WAL) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Western Alliance (WAL) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $1.91 per share a year ago.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Reports Fourth Quarter and Full Year 2024 Financial Results.

Get a deeper insight into the potential performance of Western Alliance (WAL) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TipRanks' analyst ranking service reveals the top 10 U.S. analysts whose ratings were the most successful between October 2023 to September 2024.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank (NYSE: WAL) today announced it is donating $100,000 to the American Red Cross to help support people and communities impacted by the devastating Southern California wildfires. This donation comprises funds from the Western Alliance Community Foundation, the charitable arm of Western Alliance Bank, as well as employee contributions, which the Bank is matching. Western Alliance also announced that it is dedicating $1 billion in loan capacity to supp.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Fourth Quarter and Full Year 2024 Earnings Release Date, Conference Call and Webcast.