Western Alliance BancorporationNYSE: WAL

Western Alliance Bancorporation exceeded earnings expectations in the first quarter of 2024, with strong net interest income driving the bank's performance. Deposits rose by nearly 31%, while high-cost borrowings decreased by 61%.

Western Alliance Bancorporation (NYSE: WAL) held its Q1 2024 Earnings Conference Call on April 19, 2024 at 12:00 PM ET. Company representatives present included Miles Pondelik, Director of IR & Corporate Development, Kenneth Vecchione, President & CEO, Dale Gibbons, CFO, and Timothy Bruckner, Chief Banking Officer. Various analysts from firms such as Barclays, Jefferies, J.P. Morgan, KBW, Deutsche Bank, Citi, Piper Sandler, Wells Fargo, Autonomous, Truist Securities, and D.A. Davidson also participated in the conference call.

The Western Alliance (WAL) headline numbers provide an overview of the company's performance in the quarter ending March 2024, but it could be beneficial to compare certain key metrics to Wall Street projections and the previous year's results.

Western Alliance (WAL) reported earnings of $1.72 per share for the quarter, surpassing the Zacks Consensus Estimate of $1.69 per share. This is lower than the earnings of $2.30 per share reported in the same quarter last year.

Look beyond analysts' estimates for Western Alliance (WAL) and examine projections for key metrics to better understand the company's performance in the first quarter of 2024.

Western Alliance Bancorporation has announced the date for releasing their first quarter 2024 earnings, as well as details for the conference call and webcast.

Western Alliance (WAL) lacks the optimal combination of factors for a potential earnings beat in its upcoming report. Be ready with the key expectations.

Western Alliance Bancorporation (WAL) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Western Alliance (WAL) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.