Earnings Call Summary | Western Alliance Bancorp(WAL.US) Q1 2024 Earnings Conference
Earnings Call Summary | Western Alliance Bancorp(WAL.US) Q1 2024 Earnings Conference
The following is a summary of the Western Alliance Bancorporation (WAL) Q1 2024 Earnings Call Transcript:
以下是西方聯盟銀行（WAL）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Western Alliance Bancorporation reported a net income of $177 million with an EPS of $1.60, increasing to $1.72 excluding a special FDIC assessment charge.
The bank generated $599 million in net interest income, up $7 million QoQ, due to higher average earning asset balances and lower average borrowings.
A substantial QoQ increase in non-interest income was seen, rising to $130 million, driven mainly by mortgage banking performance.
The bank also reported a decrease in the effective tax rate to 23.5%, down from a temporarily elevated rate in the previous quarter.
Notably, tangible book value per share increased to $47.30.
西方聯盟銀行公佈的淨收入爲1.77億美元，每股收益爲1.60美元，不包括聯邦存款保險公司的特別評估費用，增至1.72美元。
由於平均收益資產餘額增加和平均借款減少，該銀行創造了5.99億美元的淨利息收入，環比增長了700萬美元。
非利息收入環比大幅增長，增至1.3億美元，這主要受抵押貸款銀行業績的推動。
該銀行還報告稱，有效稅率從上一季度暫時提高的稅率降至23.5％。
值得注意的是，每股有形賬面價值增至47.30美元。
Business Progress:
業務進展：
Exceptional deposit growth was observed, with an increase of $6.9 billion, allowing the bank to achieve their CET1 capital target of 11% and lower their loan-to-deposit ratio to 81%.
Liquidity enhancement efforts led to a $6.5 billion increase in unencumbered securities and cash.
Notable growth was in the HOA and Juris Banking businesses, contributing to an increase in outstanding deposits to $62.2 billion by quarter's end.
The bank has started a substantial repositioning and fortification of its balance sheet and liquidity.
Plans for 2024 include growth in loans and deposits with a focus on sound, safe, and thoughtful loans and a target for CET1 ratio steady at or near 11%.
The strategy also includes development of organic growth avenues and a projected increase in non-interest income by 10% to 20% and non-interest expense by 6% to 9%.
Fee income saw strong quarterly performance primarily from mortgage operations. Finally, efforts to grow non-interest bearing deposits and a strategic focus on organic growth over M&A are underway.
存款增長異常，增加了69億美元，使該銀行得以實現11％的CET1資本目標，並將貸款存款比率降至81％。
流動性增強措施使未支配證券和現金增加了65億美元。
HOA和Juris Banking業務顯著增長，促使未償存款到季度末增加到622億美元。
該銀行已開始對其資產負債表和流動性進行大規模的重新定位和強化。
2024年的計劃包括增加貸款和存款，重點是健全、安全和周到的貸款，並將CET1比率穩定在11％或接近11％的目標。
該戰略還包括髮展有機增長途徑，預計非利息收入增加10％至20％，非利息支出增加6％至9％。
費用收入的季度表現強勁，主要來自抵押貸款業務。最後，正在努力增加無息存款，並將戰略重點放在有機增長而不是併購上。
More details: Western Alliance Bancorp IR
更多詳情： 西方聯盟 Bancorp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。