Western Alliance Bancorporation (WAL) Q4 2024 Earnings Call Transcript
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: Mortgage Exposure And Credit Concerns Dent The Bull Case (Downgrade)
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.
Here's What Key Metrics Tell Us About Western Alliance (WAL) Q4 Earnings
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) Surpasses Q4 Earnings and Revenue Estimates
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.
Curious about Western Alliance (WAL) Q4 Performance? Explore Wall Street Estimates for Key Metrics
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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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.
Western Alliance Bancorporation Appears Undervalued With A Rosy Earnings Outlook
Rate cuts will boost mortgage demand and lift mortgage banking revenue. However, rate cuts will likely also pressure the net interest margin. The housing markets and low borrowing costs bode well for loan growth. However, the job markets in WAL's main states are struggling, which bodes ill. I'm estimating an EPS of $6.88 for 2024 (up 5%) and $8.10 for 2025 (up 18%).
Western Alliance Bancorporation (WAL) Q3 2024 Earnings Call Transcript
Western Alliance Bancorporation (NYSE:WAL ) Q3 2024 Earnings Conference Call October 18, 2024 12:00 PM ET Company Participants Miles Pondelik - Director of IR & Corporate Development Kenneth Vecchione - President & CEO Dale Gibbons - CFO Conference Call Participants Ebrahim Poonawala - Bank of America Christopher McGratty - KBW Jared Shaw - Barclays Matthew Clark - Piper Sandler Bernard Von Gizycki - Deutsche Bank Timur Braziler - Wells Fargo Anthony Elian - JPMorgan Gary Tenner - D.A. Davidson Samuel Varga - UBS Jon Arfstrom - RBC Brandon King - Truist Securities Operator Hello, everyone, and a warm welcome to the Western Alliance Bancorporation Q3 2024 Earnings Call.
Western Alliance Posts Q3 Earnings Miss, Why 5 Analysts Are Still Bullish
Western Alliance Bancorporation WAL reported mixed earnings for its third quarter on Thursday.
Western Alliance (WAL) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Western Alliance (WAL) Misses Q3 Earnings Estimates
Western Alliance (WAL) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.97 per share a year ago.
Ahead of Western Alliance (WAL) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Evaluate the expected performance of Western Alliance (WAL) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
