Record Net Revenue and Pre-Provision Net Revenue
Western Alliance generated record net revenue of $938 million and pre-provision net revenue of $394 million, supported by a healthy balance sheet growth with $6.1 billion in deposits.
Solid Loan and Deposit Growth
The bank saw $7 billion in loan growth and $6.1 billion in deposit growth, showcasing strong momentum across regional and national business lines.
Efficiency and Profitability Improvements
Operating leverage improved as efficiency ratio decreased to 57.4%, and the adjusted efficiency ratio excluding ECR deposit costs dropped below 50%. Return on average tangible common equity was 15.6%.
Strong Capital Position
CET1 capital improved to 11.3% with tangible book value per share climbing 13% year over year, demonstrating robust capital generation.