WAL Stock

Western Alliance Bancorporation (NYSE:WAL) will hold its Q4 2024 Earnings Conference Call on January 28, 2025, at 12:00 PM ET. The call will feature company representatives including Miles Pondelik, Dale Gibbons, Steve Curley, and Tim Bruckner. Analysts from various financial institutions, such as Bank of America and Deutsche Bank, will also participate in the call.

Western Alliance shares have recovered well and are close to their highest point in a year, but a small earnings increase indicates there may not be much room for growth, leading to a "hold" recommendation. The bank's fourth-quarter earnings benefited from a lower tax rate, and total deposits rose by 20% compared to last year, even with some seasonal drops in mortgage warehouse deposits. However, credit quality has worsened a bit, with higher provisions for credit losses and an increase in nonperforming loans, especially in commercial real estate, where their office investments are a worry.

The financial results for Western Alliance (WAL) from the quarter ending in December 2024 provide insight into the company's performance. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Western Alliance (WAL) reported quarterly earnings of $1.95 per share, which is higher than the Zacks Consensus Estimate of $1.92 per share. This is an increase compared to earnings of $1.91 per share from the same period last year.

Western Alliance (WAL) lacks the right mix of the two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation has announced the date for its earnings release for the fourth quarter and the entire year of 2024, along with details for a conference call and webcast.

Lower interest rates will increase the demand for mortgages and raise revenue for mortgage banking. However, these rate cuts may also put pressure on the net interest margin. While the housing market and low borrowing costs are positive for loan growth, the job markets in WAL's key states are facing challenges, which is concerning. I predict an earnings per share (EPS) of $6.88 for 2024, a 5% increase, and $8.10 for 2025, an 18% rise.

Western Alliance Bancorporation (NYSE:WAL) will hold its Q3 2024 Earnings Conference Call on October 18, 2024, at 12:00 PM ET. The call will feature company representatives including Miles Pondelik, Kenneth Vecchione, and Dale Gibbons. Various analysts from major financial institutions will also participate in the discussion.

Western Alliance Bancorporation (WAL) announced its third-quarter earnings on Thursday, which showed a mix of results.