Western alliance bancorporation (WALA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Gain (loss) on sales of investment securities, net

-

-

-

-

-

-

-

-

-

-

-

-47

635

-

0

0

1,001

33

-62

55

589

373

181

-163

366

342

-1,679

-5

147

1,447

1,031

1,110

361

-28

781

2,666

1,379

5,460

6,079

Unrealized Gain (Loss) on Securities

-

-

-

-

-

-

-

-

-

-

-

0

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income:
Loans, including fees

276,886

284,971

278,932

270,349

258,818

247,874

234,709

222,035

205,959

200,204

191,096

183,657

172,553

168,881

167,914

160,015

139,786

137,471

133,087

105,468

100,391

99,099

94,436

90,583

86,804

86,902

83,994

81,093

74,725

75,303

69,580

68,342

67,760

67,102

65,540

64,919

63,882

64,273

64,201

Investment securities

26,300

27,010

28,928

27,823

28,178

28,905

26,100

25,975

25,772

25,345

22,152

19,286

16,571

15,291

13,797

11,456

12,026

10,813

10,559

8,003

8,513

9,188

9,263

9,926

10,226

9,245

7,333

6,843

6,961

15,258

5,295

5,815

6,412

6,975

7,207

7,633

6,897

5,527

5,203

Investment securitiestax-exempt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,723

2,528

2,240

1,746

234

13

20

20

31

Dividends

1,615

1,681

1,289

1,530

1,633

2,409

1,831

2,197

1,478

1,585

2,005

1,921

2,229

2,786

2,209

1,994

2,013

2,688

2,542

3,082

2,005

3,223

1,272

968

1,099

1,325

953

979

1,197

3,123

305

314

280

265

278

273

308

167

28

Dividendstax-exempt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

711

732

653

605

637

623

705

390

65

Other

2,415

1,759

6,459

3,146

2,539

2,780

2,576

1,395

1,488

1,325

2,583

2,089

912

453

830

624

431

359

45

65

53

-1,359

583

496

572

110

400

370

225

246

55

115

92

153

237

185

154

328

472

Total interest income

307,216

315,421

315,608

302,848

291,168

281,968

265,216

251,602

234,697

228,459

217,836

206,953

192,265

187,411

184,750

174,089

154,256

151,331

146,233

116,618

110,962

110,151

105,554

101,973

98,701

97,582

92,680

89,285

83,108

84,343

78,669

77,846

77,437

76,846

74,133

73,646

71,966

70,705

70,000

Interest expense:
Deposits

32,516

37,375

43,354

41,888

35,788

31,176

25,266

19,849

14,173

12,459

11,449

9,645

8,412

7,729

8,072

7,678

6,243

5,737

5,550

5,362

5,146

5,245

5,172

4,930

4,665

4,442

4,232

3,929

3,732

3,890

3,974

4,168

4,762

5,549

6,982

7,548

7,898

9,531

11,067

Other borrowings

35

28

34

33

1,277

977

90

1,936

1,326

228

84

59

190

141

68

197

102

149

1,246

2,039

2,244

2,288

1,846

2,686

2,819

2,698

3,409

2,727

2,672

2,492

2,225

2,328

2,071

2,053

2,024

2,023

2,182

896

369

Qualifying debt

5,249

5,492

5,785

6,008

6,105

5,829

5,794

5,695

4,969

4,734

4,708

4,493

4,338

4,252

4,048

2,514

2,184

2,078

2,008

480

441

447

443

443

421

442

460

455

466

-

-

-

-

-

-

-

-

-

-

Junior subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

487

487

484

-

465

689

702

736

994

Other

396

553

13

238

662

473

28

14

9

9

12

13

16

20

15

14

16

24

22

19

23

26

20

16

19

19

20

22

35

36

37

58

63

73

77

100

86

74

114

Total interest expense

38,196

43,448

49,186

48,167

43,832

38,455

31,178

27,494

20,477

17,430

16,253

14,210

12,956

12,142

12,203

10,403

8,545

7,988

8,826

7,900

7,854

8,006

7,481

8,075

7,924

7,601

8,121

7,133

6,905

6,888

6,723

7,041

7,380

8,147

9,548

10,360

10,868

11,237

12,544

Interest Income (Expense), Net

269,020

271,973

266,422

254,681

247,336

243,513

234,038

224,108

214,220

211,029

201,583

192,743

179,309

175,269

172,547

163,686

145,711

143,343

137,407

108,718

103,108

102,145

98,073

93,898

90,777

89,981

84,559

82,152

76,203

77,455

71,946

70,805

70,057

68,699

64,585

63,286

61,098

59,468

57,456

Provision for Loan, Lease, and Other Losses

51,176

2,964

4,000

7,000

4,536

6,000

6,000

5,000

6,000

5,000

5,000

3,000

4,250

1,000

2,000

2,500

2,500

2,500

0

0

700

300

419

507

3,500

4,300

0

3,481

5,439

11,501

8,932

13,330

13,081

13,076

11,180

11,891

10,041

22,965

23,115

Interest Income (Expense), after Provision for Loan Loss

217,844

269,009

262,422

247,681

242,800

237,513

228,038

219,108

208,220

206,029

196,583

189,743

175,059

174,269

170,547

161,186

143,211

140,843

137,407

108,718

102,408

101,845

97,654

93,391

87,277

85,681

84,559

78,671

70,764

65,954

63,014

57,475

56,976

55,623

53,405

51,395

51,057

36,503

34,341

Non-interest income:
Service charges and fees

6,404

6,232

5,888

5,821

5,412

5,611

5,267

5,672

5,745

5,157

5,248

5,203

4,738

4,898

4,916

4,544

4,466

4,438

4,327

3,128

2,889

2,791

2,457

2,758

2,561

2,715

2,425

2,449

2,534

2,438

2,412

2,317

2,285

2,238

2,337

2,243

2,284

2,276

2,319

Securities impairment charges recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

226

-

-

1,071

Income from equity instruments

3,766

1,671

3,742

868

2,009

3,178

1,440

2,517

1,460

1,519

967

1,318

692

-

1,208

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of affordable housing investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

651

59

-

-

-

-

-

-

-

Card Income

1,717

1,784

1,729

1,625

1,841

1,866

2,138

2,033

1,972

1,796

1,509

1,516

1,492

1,558

1,381

1,274

1,013

2,052

954

899

813

810

854

860

786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency income

1,328

1,423

1,321

1,148

1,095

1,285

1,092

1,181

1,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank Owned Life Insurance Income

962

963

979

978

981

983

868

1,167

928

965

975

973

948

904

899

1,029

930

1,166

984

772

977

1,464

1,136

959

949

905

1,832

1,036

1,036

1,080

1,116

1,120

1,123

1,177

1,189

1,822

1,184

773

780

Income from bank owned life insurance

-

-

-

-

-

-

-

-

-

-

756

832

1,042

-

888

842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Small Business Administration and Warrant Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,006

-

846

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lending related income and gains (losses) on sale of loans, net

648

1,815

539

553

251

893

1,422

1,047

978

1,466

97

227

422

1,458

708

194

2,935

1,385

-314

118

201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments

72

-

3,152

-

0

-

-7,232

-

-

-

319

-

-

-

-

-

-

-

-

-

-

1,357

896

235

-1,276

-2,715

-7

-3,290

-471

-48

470

564

-333

-626

6,420

336

-509

-210

6,250

Unrealized gains (losses) on assets measured at fair value, net

-11,300

491

222

1,572

2,834

-640

-1,212

-685

-1,074

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-502

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

3,000

Portion of impairment charges recognized in other comprehensive loss (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Business Combination, Bargain Purchase, Gain Recognized, Amount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,044

-

-

-

-

-

-

-

-

-

-

-

Investment advisory fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

619

-

-

-

636

1,001

1,181

Other fee revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,015

943

957

-

-

870

1,000

-

-

1,039

760

859

830

Operating lease income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

671

-

-

Other income

1,512

1,647

1,869

1,653

987

859

635

512

432

443

585

579

631

-424

683

617

1,782

-767

1,767

573

773

1,540

1,051

950

1,187

1,936

543

585

596

1,978

2,604

1,475

829

1,840

2,355

1,717

425

2,008

1,392

Noninterest Income

5,109

16,026

19,441

14,218

15,410

13,611

4,418

13,444

11,643

13,688

10,456

10,601

10,599

10,540

10,683

8,559

13,133

9,479

8,502

5,545

6,242

8,406

6,073

5,599

4,573

1,507

4,129

11,762

4,799

26,242

6,982

7,397

5,884

4,948

13,082

9,597

6,830

12,167

20,760

Non-interest expense:
Salaries and employee benefits

72,064

73,946

70,978

65,794

68,556

64,558

64,762

61,785

62,133

57,704

52,747

52,273

51,620

49,702

49,542

44,711

44,855

41,221

43,660

32,406

32,541

33,094

32,230

31,751

29,555

30,071

28,689

28,100

26,574

26,885

25,500

25,995

26,664

24,021

23,319

22,960

22,840

21,860

22,161

Legal, professional, and directors' fees

7,338

6,789

11,537

7,669

5,724

7,012

4,848

4,114

2,926

2,953

2,904

2,133

1,741

-

1,363

986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Data processing

8,225

8,256

8,263

7,761

8,227

7,733

7,406

7,401

6,864

6,532

7,507

6,927

6,894

6,944

6,856

7,246

6,257

6,503

5,915

4,949

4,813

4,697

4,479

4,293

4,686

4,878

4,901

4,753

4,846

4,769

4,655

4,669

4,722

4,948

5,126

5,044

4,854

4,890

4,828

Occupancy

10,402

10,124

8,248

11,105

7,532

6,866

7,907

7,946

6,003

6,490

6,038

8,483

8,803

7,600

5,691

5,747

5,572

5,890

4,052

4,611

3,995

3,425

3,022

4,192

3,639

4,622

3,438

2,550

3,023

3,857

2,291

2,517

1,572

4,112

1,912

2,361

1,366

1,546

2,139

Deposit costs

8,603

10,014

7,095

6,793

6,675

6,028

5,895

5,586

5,207

5,062

4,524

4,375

5,264

4,716

5,266

5,114

4,561

5,683

4,338

2,683

3,126

2,344

2,404

2,580

2,729

2,677

1,872

2,175

1,865

2,456

1,390

1,293

995

895

895

928

848

842

793

Insurance

2,998

3,233

3,071

2,811

2,809

2,539

3,712

3,885

3,869

3,687

3,538

3,589

3,228

3,468

3,144

2,963

3,323

3,264

3,375

2,274

2,090

2,386

1,996

2,087

2,393

1,744

1,884

2,096

2,370

2,188

2,121

2,152

2,050

2,166

2,664

2,352

3,863

4,115

3,759

Business development

1,462

2,152

1,953

1,460

2,006

1,748

1,230

1,017

583

978

1,263

1,098

1,278

477

788

832

902

904

1,099

1,284

1,090

1,486

901

889

1,147

745

1,136

721

1,596

2,102

1,236

1,653

1,684

1,661

2,059

2,284

2,122

1,918

1,564

Loan and repossessed asset expenses

2,281

2,071

1,443

1,444

2,085

1,437

1,381

1,414

1,728

1,179

1,439

1,447

2,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketing

904

1,559

842

1,057

741

1,341

687

1,146

596

1,176

776

1,131

721

1,164

678

1,097

657

1,298

747

463

377

857

378

506

559

619

585

710

667

-1,755

1,231

1,459

1,371

-1,235

1,090

1,135

1,157

878

1,045

Card expense

743

454

548

710

634

996

1,282

1,081

942

855

966

861

731

-24

252

824

887

-134

757

613

474

678

609

530

600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible amortization

373

339

387

387

387

405

398

399

398

434

489

488

689

697

697

697

697

704

704

281

281

281

281

302

597

609

597

597

597

596

880

890

890

889

890

890

890

901

907

Customer Service

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

677

717

643

293

653

682

591

716

900

828

892

987

1,154

Net (gain) loss on sales / valuations of repossessed and other assets

-1,452

962

3,379

-620

97

1,483

-67

-179

-1,228

-34

266

231

-543

-34

-146

357

-302

-397

-104

-1,218

-351

-1,113

-1,874

184

-2,547

-2,153

371

-1,124

519

529

126

901

2,651

7,702

2,128

8,633

6,129

4,855

11,994

Goodwill and intangible impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,435

-

-

-

-

-

-

-

-

Acquisition / restructure expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,729

3,662

-

0

835

7,842

159

0

15

26

157

1,919

1,018

2,620

195

-

113

-

-

-

974

-

-

-

-

Operating lease depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

-

-

-

421

-

-

Merger expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

-217

-

-

Other expense

6,540

10,789

8,211

7,842

6,405

8,989

14,400

6,953

8,128

8,408

6,839

5,384

5,338

-622

8,147

7,568

8,084

6,605

7,538

5,021

5,438

7,596

5,418

4,902

5,972

5,594

4,507

4,616

4,034

4,571

3,912

3,220

3,499

5,027

3,524

3,702

2,547

3,317

2,918

Noninterest Expense

120,481

130,735

125,955

114,213

111,878

111,129

113,841

102,548

98,149

95,398

89,296

88,420

87,827

88,645

85,007

81,804

75,493

72,448

72,916

61,209

54,033

55,731

49,859

52,242

49,487

51,081

49,675

48,531

46,929

48,989

47,543

45,431

46,897

50,963

45,481

51,008

48,146

46,109

53,262

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

102,472

154,300

155,908

147,686

146,332

139,995

118,615

130,004

121,714

124,319

117,743

111,924

97,831

96,164

96,223

87,941

80,851

77,874

72,993

53,054

54,617

54,520

53,868

46,748

42,363

36,107

39,013

41,902

28,634

43,207

22,453

19,441

15,963

9,608

21,006

9,984

9,741

2,561

1,839

Income Tax Expense (Benefit)

18,508

26,236

28,533

24,750

25,536

20,909

7,492

25,325

20,814

34,973

34,899

31,964

24,489

26,364

29,171

26,327

19,519

19,348

17,133

13,579

14,234

14,111

12,949

10,706

10,624

3,992

10,390

7,661

7,787

9,483

6,752

5,259

4,441

2,011

7,514

3,295

4,029

-79

-190

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,409

40,919

36,042

31,739

32,115

28,623

34,241

20,847

33,724

15,701

14,182

11,522

7,597

13,492

6,689

5,712

2,640

2,029

(Loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-504

-654

-701

-29

-169

38

-1,804

-243

-221

-222

-496

-481

-460

-559

-631

-802

Net Income (Loss) Attributable to Parent

83,964

128,064

127,375

122,936

120,796

119,086

111,123

104,679

100,900

89,346

82,844

79,960

73,342

69,800

67,052

61,614

61,332

58,526

55,860

39,475

40,383

40,409

40,919

35,538

31,085

31,414

28,594

34,072

20,885

31,920

15,458

13,961

11,300

7,101

13,011

6,229

5,153

2,009

1,227

Dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

151

176

247

176

329

353

352

353

352

352

353

353

353

352

1,325

1,763

1,781

9,419

2,503

2,503

2,466

2,466

Net Income (Loss) Available to Common Stockholders, Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,375

55,684

39,228

40,207

40,080

40,566

35,186

30,732

31,062

28,242

33,719

20,532

31,567

15,106

12,636

9,537

5,320

3,592

3,726

2,650

-457

-1,239

Earnings per share from continuing operations:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.46

0.47

0.41

0.36

0.37

0.33

0.40

0.24

0.40

0.19

0.16

0.12

-

0.05

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.46

0.46

0.41

0.36

0.36

0.33

0.39

0.24

0.39

0.19

0.16

0.12

-

0.05

-

-

-

-

Loss per share from discontinued operations:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.01

0.00

0.00

-0.01

0.00

-0.03

0.00

0.00

0.00

-

-0.01

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-0.01

-0.01

-0.01

0.00

0.00

0.00

-0.03

0.00

0.00

0.00

-

-0.01

-

-

-

-

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.83

1.26

1.25

1.19

1.16

1.13

1.06

1.00

0.97

0.85

0.79

0.77

0.71

0.67

0.65

0.60

0.60

0.60

0.55

0.44

0.46

0.46

0.47

0.41

0.35

0.37

0.33

0.39

0.24

-

0.18

0.15

-

-

0.04

-

-

-

-

Earnings Per Share, Diluted

0.83

1.25

1.24

1.19

1.16

1.14

1.05

0.99

0.96

0.85

0.79

0.76

0.70

0.66

0.64

0.60

0.60

0.59

0.55

0.44

0.45

0.46

0.46

0.40

0.35

0.35

0.33

0.39

0.24

-

0.18

0.15

-

-

0.04

-

-

-

-

Weighted average number of common shares outstanding:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.04

0.00

-0.01

Discontinued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

-0.01

-0.01

-0.01

Total income (loss) per share - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.03

-0.01

-0.02

Basic

101,328

101,575

102,041

103,019

104,033

104,687

104,768

104,691

104,530

104,346

104,221

104,162

103,987

103,817

103,768

102,688

101,895

101,386

100,776

88,177

87,941

87,292

86,723

86,501

86,256

85,946

85,799

85,659

85,324

84,433

81,758

81,590

81,359

81,028

80,931

80,883

80,794

75,554

72,160

Diluted

101,675

102,105

102,451

103,501

104,475

105,288

105,448

105,420

105,324

105,165

104,942

105,045

104,836

104,798

104,564

103,472

102,538

102,222

101,520

88,682

88,452

87,996

87,572

87,333

87,123

86,891

86,769

86,524

85,980

85,172

82,294

81,955

82,227

81,371

81,125

81,223

81,013

75,554

72,160

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-