Investor Presentaiton
Shareholder-Focused Capital Management
WAL consistently generates more capital than needed to support
organic growth
Robust Capital Levels
11.4%
11.4%
11.1%
11.2%
11.5%
11.1%
11.0% 10.9%
11.2%
10.5%
10.4%
9.7%
10.0% 10.4%
10.6%
10.7%
9.9%
9.3%
9.3%
8.8%
9.6% 10.2%
10.3%
9.1%
9.4%
8.6%
9.4%
8.6%
0.2%
-
7.9%
8.3%
8.6%
9.0%
8.8%
8.9%
8.3%
8.5%
8.2%
7.1%
7.2%
7.4%
7.3%
6.5%
6.5%
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
MRQ¹
CET1
Peer CET11
TCE/TA
Peer TCE/TA¹
Long Term Growth in TBV per Share
WAL
WAL with Dividends Added Back
Peer Avg
Peer Avg with Dividends Added Back
Highlights
Common Equity Tier 1
•
CET1 remains healthy at 9.4% as of 3/31
.
CET1 was ~9.7% as of 4/30
482%
427%
Tangible Common Equity / Tangible Assets²
•
TCE / TA decreased 20 bps from 2022 to 6.5%,
primarily due to AOCI loss impact
TBV² Growth and Total Shareholder Return
•
Long-term shareholder returns driven by TBV
accretion
●
.
•
TBVPS increased 11.9% from 2022
19.7% TBVPS CAGR since year end 2013
TBVPS has increased more than 4x that
of peers
Strong returns bolster capital appreciation
above peers
•
WAL produced 10 bps of CET1 during 1Q
through strong, organic capital generation
and HFS loan sales
135%
102%
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
MRQ
WA
Western Alliance
Bancorporation®
Note: Peers consist of 34 publicly traded banks headquartered in the U.S. with total assets between $25B and $150B as of March 31, 2023
Source: S&P Global Market Intelligence.
MRQ is 1Q23 for WAL and most peers and 4Q22 for the remainder
Refer to slide 2 for further discussion of Non-GAAP financial measures
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