Western Alliance Total Deposits $51B, Up $3.5B QoQ; Net Interest Margin 3.42%, Down From 3.79% QoQ, Down From 3.54% YoY
Portfolio Pulse from Benzinga Newsdesk
Western Alliance's total deposits have increased by $3.5B QoQ to $51B. However, the net interest margin has decreased from 3.79% QoQ and 3.54% YoY to 3.42%.
July 18, 2023 | 8:51 pm
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NEUTRAL IMPACT
Western Alliance's total deposits have increased, indicating a potential growth in assets. However, the decrease in net interest margin could impact profitability.
The increase in total deposits indicates that Western Alliance is growing its assets, which is generally a positive sign. However, the decrease in net interest margin, which is a key profitability indicator for banks, could potentially offset this positive impact. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100