Western Alliance Stock Price, News & Analysis

Western Alliance Bank's (NYSE: WAL) subsidiary Digital Disbursements and ClaimScore have received American Banker's Innovation of the Year award in the Cybersecurity and Fraud category for their Anti-Fraud Triangle innovation. The solution was developed to combat the massive 19,000% surge in fraudulent class action claims, which increased from 400,000 in 2021 to over 80 million in 2023.

The integrated platform successfully prevented over 800 million fraudulent claims in 2024, potentially saving more than $100 million in fraudulent payouts. The solution combines Digital Disbursements' and ClaimScore's services with settlement administrator tools to detect and prevent fraud. Recent data shows the first recorded drop in fraudulent claims since the dramatic increase between 2021-2023.

Western Alliance Bank (WAL) has announced the groundbreaking of Saddleback Village at Stonegate, a 215-unit affordable housing development in Maricopa, Arizona. The bank provided a $54.8 million tax-exempt construction loan for the project. Walker & Dunlop arranged $45.7 million in permanent debt and $41.5 million in Low-Income Housing Tax Credit (LIHTC) equity.

The development, by Dominium, will feature two-, three- and four-bedroom family rental homes across 123 buildings. All units will be rent- and income-restricted for households earning at or below 60% of Pinal County's Area Median Income (AMI), offering single-family home-style living at affordable rates.

Western Alliance Bank has announced the grand opening of Danny's Home for Heroes in Quartz Hill, California, a new affordable housing project specifically designed for veterans. The bank provided $20.9 million in construction-to-permanent financing through its Affordable Housing Investments Group. The development features 35 furnished one-bedroom units (735 sq ft each) for homeless and formerly homeless veterans and families, restricted to those earning 30-50% of Area Median Income. The project received over $15.5 million in equity from tax credits through R4 Capital. Units are covered by a 20-year HUD-VASH Project-Based Assistance Payment Contract. The facility includes supportive services such as counseling and job training to help veterans transition to civilian life.

Burford Capital is responding to an ISS recommendation against the re-election of two directors, Christopher Halmy and Robert Gillespie, to its Board of Directors. ISS based its recommendation on concerns about ineffective internal financial reporting controls since 2021. Burford argues that ISS has conflated two separate issues: the SEC-driven modifications to valuation approach and the current material weakness in financial controls.

The company emphasizes that Glass Lewis supports both directors' re-election and highlights their significant contributions, including overseeing Burford's NYSE listing in 2020 and the successful transition to US GAAP reporting. The company also addresses ISS's recommendation against executive compensation, defending its use of carried interest allocations as a method to align management and shareholder interests.

Western Alliance Bancorporation (NYSE:WAL) reported solid Q1 2025 financial results with net income of $199.1 million and earnings per share of $1.79. The bank demonstrated continued growth with quarterly loan and deposit increases of $1.1 billion and $3.0 billion respectively.

Key financial metrics include:

• Net interest margin: 3.47%
• Efficiency ratio: 63.5%
• Book value per share: $60.03
• Pre-provision net revenue (PPNR): $277.6 million
• CET 1 ratio: 11.1%

Asset quality remained stable with nonperforming assets declining to 0.60% of total assets and net loan charge-offs decreasing to 0.20% of average loans. Total deposits reached $69.3 billion, while HFI loans totaled $54.8 billion. The tangible book value per share increased 14.4% year-over-year to $54.10.

Western Alliance Bancorporation (NYSE: WAL) has scheduled its first quarter 2025 financial results announcement for Monday, April 21, 2025, after market close. The company will host a conference call on Tuesday, April 22, 2025, at 12:00 p.m. ET, led by Ken Vecchione and Dale Gibbons to discuss the quarterly performance.

Participants can join via phone (1-833-470-1428, access code: 146564) or through a live audio webcast. A replay will be available from April 22nd (3:00 p.m. ET) until April 29th (11:59 p.m. ET) by calling 1-855-762-8306 with access code 474821.

AudioEye (AEYE) has secured a new $20 million loan facility with Bridge Bank, featuring a significant 6.5% interest rate reduction from their previous facility. The package includes a $12 million term loan, $3 million revolver, and $5 million delayed draw term loan for potential acquisitions.

The initial term loan will fully repay AudioEye's existing loan from November 2023 and strengthen their cash position. The company expects a 42% year-over-year increase in adjusted EBITDA based on previous guidance midpoint. The facility will mature in five years and provides additional flexibility for strategic opportunities.

KBRA has assigned a BBB preferred stock rating to BW Real Estate, Inc., a majority-owned REIT subsidiary of Western Alliance Bank (NYSE: WAL). The rating is primarily based on Western Alliance Bank's current long-term ratings and the instrument's Conditional Exchange feature.

Key highlights from Western Alliance's performance include:

• FY24 core ROA of approximately 1%
• Total deposits reached $66 billion at YE24, up $11 billion year-over-year
• CET1 capital ratio increased to 11.3% at YE24
• Enhanced earning asset liquidity position
• Reduced select loan exposures in transactional areas

The bank has demonstrated positive trends in core deposit flows and internal core capital generation since the March 2023 industry funding challenges. While utilizing brokered deposits and reciprocals, WAL has also attracted meaningful core balances from new and existing commercial customers.

Western Alliance Bancorporation (WAL) reported strong Q4 2024 financial results with net income of $216.9 million and earnings per share of $1.95, up 46.6% from Q4 2023. The company achieved a return on tangible common equity of 14.6%, while tangible book value per share increased 11.9% year-over-year to $52.27.

Key Q4 metrics include:

• Net interest margin: 3.48%
• Efficiency ratio: 61.2%
• Pre-provision net revenue: $319.4 million
• Total deposits: $66.3 billion (down $1.7 billion quarterly)
• HFI loans: $53.7 billion (up $330 million quarterly)

For full-year 2024, WAL reported net income of $787.7 million with EPS of $7.09, up 8.4% from 2023. The company maintained strong asset quality with net charge-offs to average loans at 0.18% for the year and a non-performing assets ratio of 0.65%.