Western Alliance Bancorporation (WAL)

WAL Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	3,573	3,410	2,393	1,489	1,144	1,093
Interest Income on Investments	868.6	625.6	298.4	169.9	117.5	132
Total Interest Income	4,442	4,035	2,692	1,659	1,262	1,225
Interest Paid on Deposits	1,557	1,143	276.4	47.5	70.4	158.4
Interest Paid on Borrowings	340.7	553.8	199.1	62.4	24.5	26.2
Total Interest Expense	1,897	1,696	475.5	109.9	94.9	184.6
Net Interest Income	2,544	2,339	2,216	1,549	1,167	1,040
Net Interest Income Growth (YoY)	6.59%	5.53%	43.10%	32.73%	12.16%	13.59%
Gain (Loss) on Sale of Investments	-111.4	-156.8	-21.8	7	4	8.2
Gain (Loss) on Sale of Equity Investments	40.2	15.7	17.8	22.1	12.7	8.3
Other Non-Interest Income	533	421.8	328.6	375.1	54.1	48.6
Total Non-Interest Income	461.8	280.7	324.6	404.2	70.8	65.1
Non-Interest Income Growth (YoY)	83.47%	-13.52%	-19.69%	470.90%	8.76%	51.04%
Revenues Before Loan Losses	3,006	2,620	2,541	1,953	1,238	1,106
Provision for Loan Losses	95.2	62.6	68.1	-21.4	123.6	19.3
Revenue	2,911	2,557	2,473	1,974	1,114	1,086
Revenue Growth (YoY)	12.72%	3.41%	25.24%	77.22%	2.57%	16.30%
Salaries and Employee Benefits	565.4	533.6	510.8	443.8	283.3	272.4
Federal Deposit Insurance	236.7	190.4	31.1	23	13.3	11.9
Selling, General & Administrative	387.2	349.3	289.2	197	141.9	118.3
Other Non-Interest Expense	817.9	602.8	325.2	166.4	54.6	75.6
Total Non-Interest Expense	2,007	1,676	1,156	830.2	491.6	482
EBT Excluding Unusual Items	903.5	880.9	1,317	1,144	622.5	604.2
Other Unusual Items	39.3	52.7	-	-5.9	-	-
Pretax Income	942.8	933.6	1,316	1,123	622.5	604.2
Income Tax Expense	224.1	211.2	258.8	223.8	115.9	105
Earnings From Continuing Operations	718.7	722.4	1,057	899.2	506.6	499.2
Net Income	718.7	722.4	1,057	899.2	506.6	499.2
Preferred Dividends & Other Adjustments	12.8	12.8	12.8	3.5	-	-
Net Income to Common	705.9	709.6	1,045	895.7	506.6	499.2
Net Income Growth	-17.15%	-31.68%	17.58%	77.50%	1.48%	14.55%
Basic Shares Outstanding	109	108	107	103	100	103
Diluted Shares Outstanding	109	109	108	103	101	103
Shares Change (YoY)	0.69%	0.84%	4.16%	2.79%	-2.52%	-2.18%
EPS (Basic)	6.50	6.55	9.74	8.72	5.06	4.86
EPS (Diluted)	6.47	6.54	9.70	8.67	5.04	4.84
EPS Growth	-17.83%	-32.58%	11.88%	72.02%	4.13%	16.91%
Dividend Per Share	1.480	1.450	1.420	1.200	1.000	0.500
Dividend Growth	2.78%	2.11%	18.33%	20.00%	100.00%	-
Effective Tax Rate	23.77%	22.62%	19.66%	19.93%	18.62%	17.38%

Source: S&P Capital IQ. Banks template. Financial Sources.