Western Alliance Q1 Beats Estimates

Western Alliance Bancorporation posted Q1 adjusted EPS of $2.22, beating analysts' $1.69 estimate by $0.53.
Revenue rose 31% YoY to $1.02 billion, exceeding the $958.1 million consensus estimate.
Deposits grew 7.2% to $82.7 billion and loans increased $465 million to $59.1 billion, while net interest margin expanded to 3.54%.
The bank recorded $152.5 million fraud charge‑offs, repurchased $50 million of shares at $71.61, and its CET1 ratio held at 11.0%.