Investor Presentaiton
Highlights
Leading Efficiency Produces Strong Op. Leverage
Track record of simultaneously driving industry-leading growth and efficiency
Efficiency Ratio
Breakdown of Non-Interest Expenses
Salaries & Employee Benefits
63.2% 62.9%
62.1%
60.6% 60.6%
58.9%
Other Operating Expenses
56.4% 55.9%
57.7%
57.1%
Deposit Costs
53.5%
53.7%
53.3%
$347.9
$333.4
53.2% 47.8%
47.0%
45.0%
44.9%
$305.8
$86.9
47.6%
41.4%
43.3% 42.6%
42.9%
43.2%
46.9%
$82.2
44.7%
38.8%
42.2%
40.7%
41.0%
42.0% 41.1%
$248.6
$9.3
$268.9
$18.1
$56.2
37.9%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23²
WAL
WAL Adjusted
Peers
$125.7
$139.0 $136.5
$148.9
$138.3
•
Continued focus on expense management,
while investing in growth initiatives and
scalable infrastructure to become a leading
nationwide banking platform
Efficiency ratio¹ increased to 62.1% year-to-
date compared to 2022
•
Higher efficiency ratio was driven
primarily by non-recurring charges and
normal Q1 seasonality
Adjusted efficiency ratio¹ was 43.2%²,
compared to 41.1% in 2022
Deposit costs increased $4.7 million in Q1
from the prior quarter, primarily related to
higher earnings credit rates
Dollars in millions
WA
Western Alliance
Bancorporation®
$101.0
$111.8
$113.1
$125.5
$112.1
1Q22
2Q22
3Q22
4Q22
1Q23
Note: Efficiency ratio for WAL and Peers as calculated and reported by S&P Global Market Intelligence. 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.
Refer to slide 2 for further discussion of Non-GAAP financial measures.
1Q23 is adjusted to exclude $147.6 million of pre-tax net non-operating charges for WAL
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