Short answer
Western Alliance Bancorporation (WAL) filed its Q1 2018 10-Q quarterly report on Apr 27, 2018 for the quarter ended Mar 31, 2018.
Western Alliance Bancorporation Q1 2018 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net operating revenue $226.9M, up 19.9% YoY from $189.3M
- Net income $100.9M vs $73.3M; net interest margin 4.60% vs 4.63% YoY
- Best segment: Arizona pretax income $33.0M; weakest: Corporate & Other loss $10.8M
- Operating cash flow $88.3M vs $88.0M; loans grew $466.5M and deposits $382.0M
- Outlook risks: rising deposit and funding costs, real estate concentration, credit losses, and increased rate competition
Risk Factors
- No material risk-factor changes disclosed in the provided section, which contains only Item 1A heading
- Credit concentration: CRE loans represented approximately 52% of total loans at March 31, 2018
- Regulatory risk: regulators may require additions to the $144.7 million allowance for credit losses after examinations
- Market risk: AFS securities had $95.7 million of gross unrealized losses from higher market interest rates
- Liquidity risk: $300.0 million of short-term FHLB advances outstanding at 1.87% interest rate
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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