WESTERN ALLIANCE BANCORPORATION
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
WAL$77.20+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (in millions, except shares and per share amounts) | ||
| Assets: | ||
| Cash and due from banks | $276 | $259 |
| Interest-bearing deposits in other financial institutions | 1,300 | 784 |
| Cash and cash equivalents | 1,576 | 1,043 |
| Investment securities - AFS, at fair value; amortized cost of $11,849 and $7,973 at December 31, 2023 and 2022, respectively (ACL of $1 and $0 at December 31, 2023 and 2022, respectively) | 11,165 | 7,092 |
| Investment securities - HTM, at amortized cost and net of allowance for credit losses of $8 and $5 (fair value of $1,251 and $1,112) at December 31, 2023 and 2022, respectively | 1,421 | 1,284 |
| Investment securities - equity | 126 | 160 |
| Investments in restricted stock, at cost | 281 | 224 |
| Loans HFS | 1,402 | 1,184 |
| Loans HFI, net of deferred fees and costs | 50,297 | 51,862 |
| Less: allowance for credit losses | (337) | (310) |
| Net loans held for investment | 49,960 | 51,552 |
| Mortgage servicing rights | 1,124 | 1,148 |
| Premises and equipment, net | 339 | 276 |
| Operating lease right of use asset | 145 | 163 |
| Bank owned life insurance | 186 | 182 |
| Goodwill and intangible assets, net | 669 | 680 |
| Deferred tax assets, net | 287 | 311 |
| Investments in LIHTC and renewable energy | 573 | 624 |
| Other assets | 1,608 | 1,811 |
| Total assets | $70,862 | $67,734 |
| Liabilities: | ||
| Deposits: | ||
| Non-interest-bearing demand | $14,520 | $19,691 |
| Interest-bearing | 40,813 | 33,953 |
| Total deposits | 55,333 | 53,644 |
| Other borrowings | 7,230 | 6,299 |
| Qualifying debt | 895 | 893 |
| Operating lease liability | 179 | 185 |
| Other liabilities | 1,147 | 1,357 |
| Total liabilities | 64,784 | 62,378 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Preferred stock (par value $0.0001 and liquidation value per share of $25; 20,000,000 authorized; 12,000,000 depositary shares issued and outstanding at December 31, 2023 and 2022) | 295 | 295 |
| Common stock (par value $0.0001; 200,000,000 authorized; 112,169,523 and 111,465,292 shares issued at December 31, 2023 and 2022, respectively) and additional paid in capital | 2,197 | 2,163 |
| Treasury stock, at cost (2,703,218 and 2,550,766 shares at December 31, 2023 and 2022, respectively) | (116) | (105) |
| Accumulated other comprehensive loss | (513) | (661) |
| Retained earnings | 4,215 | 3,664 |
| Total stockholders’ equity | 6,078 | 5,356 |
| Total liabilities and stockholders’ equity | $70,862 | $67,734 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.