WESTERN ALLIANCE BANCORPORATION [WAL-PA] has reported a net loss of $722.4 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $4.0 billion
Based in PHOENIX, Arizona, WESTERN ALLIANCE BANCORPORATION operates in the FINANCE sector.
Consolidated Income Statement for the fiscal year ending December 31, comparing the years 2023, 2022, and 2021 in millions of USD:
Interest income:
- Loans, including fees:
- 2023: $3,409.7
- 2022: $2,393.4
- 2021: $1,488.8
- Investment securities:
- 2023: $459.9
- 2022: $265.6
- 2021: $158.6
- Dividends and other:
- 2023: $165.7
- 2022: $32.8
- 2021: $11.3
Total interest income:
- 2023: $4,035.3
- 2022: $2,691.8
- 2021: $1,658.7
Interest expense:
- Deposits:
- 2023: $1,142.6
- 2022: $276.4
- 2021: $47.5
- Qualifying debt:
- 2023: $37.9
- 2022: $35.0
- 2021: $33.1
- Other borrowings:
- 2023: $515.9
- 2022: $164.1
- 2021: $29.3
Total interest expense:
- 2023: $1,696.4
- 2022: $475.5
- 2021: $109.9
Net interest income:
- 2023: $2,338.9
- 2022: $2,216.3
- 2021: $1,548.8
Net interest income after provision for credit losses:
- 2023: $2,276.3
- 2022: $2,148.2
- 2021: $1,570.2
Non-interest income:
- 2023: $280.7
- 2022: $324.6
- 2021: $404.2
Non-interest expense:
- 2023: $1,623.4
- 2022: $1,156.7
- 2021: $851.4
Income (loss) before provision for income taxes:
- 2023: $933.6
- 2022: $1,316.1
- 2021: $1,123.0
Net income:
- 2023: $722.4
- 2022: $1,057.3
- 2021: $899.2
Earnings per share:
- Earnings per share, basic (dollars per share):
- 2023: $6.55
- 2022: $9.74
- 2021: $8.72
- Earnings per share, diluted (dollars per share):
- 2023: $6.54
- 2022: $9.70
- 2021: $8.67
Weighted average number of common shares outstanding:
- Weighted average number of common shares outstanding, basic (shares):
- 2023: 108.3
- 2022: 107.2
- 2021: 102.7
- Weighted average number of common shares outstanding, diluted (shares):
- 2023: 108.5
- 2022: 107.6
- 2021: 103.3
Dividends declared per common share:
- 2023: $1.45
- 2022: $1.42
- 2021: $1.20