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Stock impact report

Western Alliance Bancorporation Reports First Quarter 2020 Financial Results

Western Alliance Bancorporation (DE) (WAL) 
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm Check Earnings Report
Company Research Source: Business Wire
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE:WAL):FIRST QUARTER 2020 FINANCIAL RESULTSNet income Earnings per share Operating PPNR1 Net Interest Margin Efficiency ratio Book value percommon share$84.0 million $0.83 $163.4 million 4.22% 42.9% $29.65    41.8%1, excluding non-operating items $26.731, excludinggoodwill and intangiblesCEO COMMENTARY:“As we all experience the pressure that the COVID-19 pandemic has caused around the world, the people at Western Alliance remain actively engaged and are focused on helping our clients navigate through this challenging time,” said Kenneth A. Vecchione, President and Chief Executive Officer. He continued, “We arrive here uniquely prepared to address what’s ahead - at the end of 2019, the Company had $3.3 billion in total regulatory capital and strong tangible common equity1. Further, our robust and diverse deposit sources support our liquidity position.”“The Company’s first quarter results produced loan and deposit growth Show less Read more
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