Western Alliance Bancorp (NYSE:WAL)
$ 84.75 -0.07 (-0.08%) Market Cap: 9.33 Bil Enterprise Value: 11.08 Bil PE Ratio: 13.08 PB Ratio: 1.46 GF Score: 89/100
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Western Alliance Bancorp at BancAnalysts Association of Boston Conference Transcript

Nov 03, 2022 / 07:50PM GMT
Release Date Price: $65.81 (+1.79%)
Unidentified Analyst;Kenneth A. Vecchione<

So as [Gerard] mentioned, next up is Western Alliance Bank, headquartered in Phoenix. Assets' about $69 billion today. Most people refer to it as WAL, W-A-L, the ticker symbol. The company operates a branch-lite national commercial bank with several unique businesses that will be discussed, I'm assuming today. As I looked at the presentation, what stood out to me is 17% compound annual growth rate in tangible book value over the last 5 years.

So with us today, Ken Vecchione, who's the President and CEO of Western Alliance, previously served as the company's President and Chief Operating Officer from 2010 to 2013. He's been a member of the Board since 2007. Prior to Western Alliance, he's held positions at Apollo group, MBNA and others. And then to my left is Dale Gibbons, Vice Chairman of Western Alliance, have been the CFO since May of 2003. He's been in the commercial banking business for over 30 years, including the CFO of Zions Bank from '96 to 2001. So the format is Ken will conduct the presentation and then we'll open it up to Q&A.

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