Investor Presentaiton
Shareholder-Focused Capital Management
WAL consistently generates more capital than needed to support
organic growth
Robust Capital Levels
11.4%
11.5%
11.3%
11.5...
11.5%
11.1%
11.1%
10.9%
11.1...
10.5%
9.7%
10.0% 10.4%
0.6%
9.3%
10.7%
9.9%
8.8%
9.6% 10.2%
10.3%
9.1%
9.3%
8.6%
9.4%
8.6%
8.1% -
8.6%
9.1%
7.9%
8.8%
9.0%
8.3%
8.5%
8.1%
7.4%
7.3%
6.5%
2013
2014
2015
2016
2017
CET1
Peer CET11
2018
TCE/TA
2019
2020
2021
MRQ¹
Peer TCE/TA¹
Long Term Growth in TBV per Share
WAL
WAL with Dividends Added Back
461%
411%
Peer Avg
Peer Avg with Dividends Added Back
Total Shareholder Return
Highlights
Common Equity Tier 1
.
CET1 remains healthy at 9.3%
7.1%
Tangible Common Equity / Tangible Assets²
•
TCE / TA decreased 80 bps from 2021 to 6.5%,
primarily due to strong asset growth and AOCI
loss impact
TBV Growth and Total Shareholder Return
•
•
19.9% TBVPS CAGR since year end 2013
TBVPS has increased more than 4x that of
peers
Strong returns bolster capital appreciation
above peers
•
•
WAL produces ~45 bps of CET1 per
quarter on a static balance sheet
WAL produced 60 bps of CET1 during
Q4-22 through strategic capital
management levers
WAL
Peer Top
| Quartile
Peer
Median
1 Year
-23%
-1%
-7%
130%
3 Year
40%
41%
26%
5 Year
38%
31%
17%
10-Year
516%
206%
129%
99%
2013 2014 2015 2016 2017 2018 2019 2020 2021 MRQ¹
WA
Western Alliance
Bancorporation®
Note: Peers consist of 33 publicly traded banks headquartered in the US with total assets between $25B and $150B, excluding target banks of pending acquisitions, as of
December 31, 2022. TSR through February 10, 2023. Source: S&P Global Market Intelligence.
MRQ is Q4-22 for WAL and most peers and Q3-22 for the remainder.
Refer to slide 2 for further discussion of Non-GAAP financial measures.
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