Investor Presentaiton
Industry-Leading Profitability
ROAA
Pre-Provision Net Revenue
Highlights
WAL
Peers
2.05% 2.00%
1.83%
1.72%
1.50% 1.56% 1.61%
1.61%
1.62%
1.43%
1.35%
1.28% 1.22%
1.19%
1.10% 1-20%
0.97% 0.92% 0.94% 0.97%
0.95%
0.91%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23¹
CAGR: 27%
$746
$624
$533
$469
$369
$159 $202
$262
$1,102
$1,384 $1,429
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM2,3
ROATCE
Net Interest Income
WAL
Peers
4.39% 4.42% 4.51% 4.58% 4.65% 4.68%
4.52%
$2,377
$2,216
26.2% 25.4%
21.9%
18.3% 18.5% 17.8% 17.7% 18.3%
20.6% 19.6%
17.7%
15.4% 15.9% 16.7%
15.1% 14.6%
11.7% 11.1% 10.8% 11.6% 11.4%
11.5%
3.97%
3.79%
3.67%
3.41%
$1,549
$1,167
$1,040
$916
$785
$657
$493
$333 $385
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23¹
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM²
•
•
•
·
Outstanding performance compared to
peers with ROAA and ROATCE among
highest in industry
Net Interest Income continues to rise
through strong earning asset growth
Net Interest Income increased $161
million, or 7.3%, from 2022 due to the
rising rate environment and loan repricing
⚫ NIM increased 12 bps, driven by higher.
yields on interest earning assets
•
PPNR increased $45 million, or 3.3%, from
2022
Nominally asset sensitive
•
In +/- 100bps shock IRR sensitivity
scenarios, net interest income varies
less than 1%
Dollars in millions
NII
NIM
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.
WA
Western Alliance
1)
Bancorporation®
2)
Assumes four quarter average; WAL 1Q23 is adjusted to exclude $109.7 million of net non-operating charges, after tax
LTM is as of 1Q23
3)
1Q23 adjusted to exclude $147.6 million of pre-tax net non-operating charges
20
20View entire presentation