Last $23.44 USD
Change Today +0.05 / 0.21%
Volume 105.6K
WAL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 11:02 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

western alliance bancorp (WAL) Key Developments

Western Alliance Bancorporation Amends its Bylaws

On September 23, 2014, the Board of Directors of Western Alliance Bancorporation adopted an amendment to Section 1.9(a) of the company’s Bylaws. Section 1.9(a) was amended to change the vote standard for the election of directors in uncontested elections from a plurality of votes cast to a majority of votes cast. In all director elections other than uncontested elections, the vote standard will continue to be a plurality of votes cast and stockholders are not permitted to vote against any nominee for director. In connection with such amendment, the Board plans to adopt a director resignation policy that would provide resignation procedures for incumbent directors who fail to be elected by a "majority of the votes cast" in uncontested elections and guidelines for the Board to determine whether to accept such resignations.

Western Alliance Bancorporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Western Alliance Bancorporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income available to common stockholders of $35.18 million, compared to $33.72 million for the second quarter of 2013. Earnings per diluted share were $0.40 compared to $0.39 per share in the second quarter of 2013. Net interest income was $93.9 million, an increase of $11.7 million, or 14.3%, compared to $82.15 million for the second quarter of 2013. Total interest income was $101.97 million compared to $89.28 million reported a year ago. Income from continuing operations before income taxes was $46.75 million compared to $41.90 million reported a year ago. Income from continuing operations was $36.04 million compared to $34.24 million reported a year ago. Net operating revenue was $99.6 million, an increase of 14.3% compared to $87.2 million for the second quarter 2013. Tangible book value per share, net of tax, was $9.02, up from $8.32 at March 31, 2014 and up from $7.26 at June 30, 2013. Return on average assets was 1.46% compared to 1.62% reported a year ago. Return on average tangible common equity was 17.41% compared to 21.41% reported a year ago. Book value per common share was $9.30 compared to $7.57 as at June 30, 2013. The company's pre-tax, pre-provision operating earnings were $47.4 million, up from $44.4 million in the first quarter 2014 and up 18.1% from $40.1 million in the second quarter 2013. Tangible book value for share increased $0.70 during the quarter to just over $9, benefiting from the $0.40 in retained earnings, securities marks, as well as the transfer of held-to-maturity securities portfolio to available-for-sale. For the six months, total interest income was $200.67 million compared to $172.39 million reported a year ago. Net interest income was $184.67 million compared to $158.35 million reported a year ago. Income from continuing operations before income taxes was $89.11 million compared to $70.53 million reported a year ago. Income from continuing operations was $67.78 million compared to $55.09 million reported a year ago. Net income available to common stockholders was $65.92 million or $0.76 per diluted share compared to $54.25 million or $0.63 per diluted share reported a year ago. Return on average assets was 1.39% compared to 1.35% reported a year ago. Return on average tangible common equity was 16.77% compared to 17.66% reported a year ago.

Western Alliance Bancorporation to Report Q2, 2014 Results on Jul 17, 2014

Western Alliance Bancorporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 17, 2014

Western Alliance Bancorporation, Q2 2014 Earnings Call, Jul 18, 2014

Western Alliance Bancorporation, Q2 2014 Earnings Call, Jul 18, 2014

Western Alliance Bancorporation Presents at 5th Annual Credit Suisse Small & Mid Cap Conference, Sep-17-2014 01:50 PM

Western Alliance Bancorporation Presents at 5th Annual Credit Suisse Small & Mid Cap Conference, Sep-17-2014 01:50 PM. Venue: The Waldorf Astoria, 301 Park Avenue (between 49th & 50th Streets), New York, New York, United States. Speakers: Dale M. Gibbons, Chief Financial Officer, Executive Vice President, Chief Financial Officer of Western Alliance Bank and Executive Vice President of Western Alliance Bank.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WAL:US $23.44 USD +0.05

WAL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cathay General Bancorp $24.45 USD -0.02
Glacier Bancorp Inc $25.39 USD -0.07
MB Financial Inc $27.46 USD +0.06
United Bankshares Inc/WV $30.99 USD +0.10
Washington Federal Inc $19.92 USD +0.065
View Industry Companies
 

Industry Analysis

WAL

Industry Average

Valuation WAL Industry Range
Price/Earnings 16.4x
Price/Sales 5.7x
Price/Book 2.5x
Price/Cash Flow 16.6x
TEV/Sales 3.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WESTERN ALLIANCE BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.