Q4 2017
HIGHLIGHTS
Net income of $89.3 million ($0.85 per share), compared to $82.8 million ($0.79 per share) for Q3 2017, and $69.8 million ($0.67 per share) for Q4
2016 (inclusive of $0.03 in acquisition / restructure expense)
Net interest margin of 4.73%, compared to 4.65% in Q3 2017, and 4.57% in Q4 2016
Operating efficiency ratio of 40.7%, compared to 40.0% in Q3 2017, and 42.4% in Q4 2016
Income tax expense includes the effect of the Tax Cut and Jobs Act and related actions, which in aggregate resulted in essentially no change in
income performance
Total loans of $15.09 billion, up $572 million from prior quarter and total deposits of $16.97 billion, up $68 million from prior quarter
Nonperforming assets (nonaccrual loans and repossessed assets) to total assets of 0.36%, compared to 0.42% at September 30, 2017, and
0.51% at December 31, 2016
Net loan charge-offs (recoveries) to average loans outstanding of 0.04%, compared to 0.01% in Q3 2017, and (0.03)% in Q4 2016
Tangible common equity ratio of 9.6% and tangible book value per share, net of tax, of $18.31, compared to 9.4% and $17.53, respectively, at September 30, 2017
FULL YEAR 2017
HIGHLIGHTS
Net income of $325.5 million and earnings per share of $3.10, compared to $259.8 million and $2.50 per share for 2016
Income tax expense increased $24.9 million due to an increase in pre-tax income, while the effective tax rate was stable at 28%
Return on average assets and return on average tangible common equity ratio of 1.72% and 18.32%, compared to 1.61% and 17.71% in 2016
Net interest margin of 4.65%, compared to 4.58% in 2016
Total loan and deposit increase of $1.89 billion and $2.42 billion, respectively, from December 31, 2016
Net loan charge-offs to average loans outstanding of 0.01%, compared to 0.02% in 2016 and nonperforming assets to total assets of 0.36%,
compared to and 0.51% in 2016
Tangible common equity ratio of 9.6% and tangible book value per share, net of tax, of $18.31, compared to 9.4% and $15.17, respectively, at
December 31, 2016
Quarterly Results | Western Alliance Bancorporation
