Short answer
Western Alliance Bancorporation (WAL) filed its Q3 2019 10-Q quarterly report on Oct 31, 2019 for the quarter ended Sep 30, 2019.
Western Alliance Bancorporation Q3 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net operating revenue $282.5M, up 14.4% YoY from $246.9M
- Net interest margin 4.41% vs 4.68% YoY; net income $127.4M vs $111.1M
- Best segment: Technology & Innovation pre-tax income $26.4M vs $18.7M; worst: Corporate & Other loss $19.2M
- Operating cash flow $534.5M for nine months vs $396.3M; deposits increased $3.3B and loans $2.4B
- Headwinds: higher deposit and funding costs, increased CRE exposure, and nonperforming loans rising to $95.3M
Risk Factors
- No material changes in risk factors identified in the provided 10-Q text
- Credit risk: real-estate concentration exposes losses to Arizona, Nevada, and California property values
- Regulatory risk: examinations may require additions to the allowance for credit losses
- Market risk: interest-rate movements can affect AFS securities, liquidity needs, and regulatory capital
- Financial risk: deposits funded growth while other borrowings declined $491,000 since December 31, 2018
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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