Short answer
Western Alliance Bancorporation (WAL) filed its Q1 2019 10-Q quarterly report on Apr 30, 2019 for the quarter ended Mar 31, 2019.
Western Alliance Bancorporation Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net operating revenue $259.9M, up 14.5% YoY from $226.9M
- Net interest margin 4.71% vs 4.66% YoY, efficiency ratio 42.0% vs 42.4%
- Best segment Technology & Innovation pre-tax income $21.8M vs $14.4M; worst Corporate & Other $(1.4)M vs $(10.8)M
- Operating cash flow $151.3M vs $88.3M YoY; deposits increased $1.03B, WAB paid $40.0M dividend
- Headwinds: rising deposit and funding costs, increased nonperforming loans to $96.4M from $64.8M, interest-rate competition and LIBOR uncertainty
Risk Factors
- No material changes to previously disclosed risk factors since the December 31, 2018 Form 10-K
- Credit risk: deterioration in borrowers’ financial condition could increase loan losses
- Liquidity risk: reliance on deposits and wholesale funding for banking operations
- Regulatory risk: changing banking laws and supervisory requirements could raise compliance costs
- Interest-rate risk: rate changes could pressure net interest income and asset values
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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