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Western Alliance Bancorporation (WAL) filed its Q3 2018 10-Q quarterly report on Oct 30, 2018 for the quarter ended Sep 30, 2018.
Western Alliance Bancorporation Q3 2018 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net operating revenue $246.9M, up 16.6% YoY from $211.7M
- Net interest margin 4.72% vs 4.65% YoY, efficiency ratio 46.6% vs 40.1%
- Technology & Innovation best segment, pre-tax income $18.7M vs $13.5M YoY
- Corporate & Other worst segment, pre-tax loss $20.0M vs $13.9M YoY
- Operating cash flow $396.3M, loans up $1.64B and deposits up $1.94B from December 31, 2017
- Headwinds: higher deposit and funding costs, rising rate competition, real estate and credit-loss risks
Risk Factors
- No material changes to 2017 Form 10-K risk factors identified in the provided section
- Credit concentration risk: real-estate-secured loans dependent on Arizona, Nevada, and California property values
- Interest-rate market risk: AFS unrealized losses increased to $127.8 million at September 30, 2018
- Regulatory compliance risk: regulators may require additions to the allowance for credit losses after examinations
- Liquidity risk: $359.1 million qualifying debt outstanding, including $150.0 million maturing July 15, 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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