Western Alliance #4 on Forbes 2017 "Best Banks in America" List
January 19 2017 - 11:00AM
Business Wire
Western Alliance Bancorporation (NYSE: WAL) today announced that
the company is ranked #4 on the Forbes 2017 “Best Banks in America”
list. The banking organization was ranked #10 on the 2016 list.
Forbes ranked the 100 largest U.S. banks based on 10 metrics
related to growth, profitability, capital adequacy and asset
quality. Metrics included return on average tangible equity, return
on average assets, net interest margin, efficiency ratio and net
charge-offs as a percent of total loans. Forbes also factored in
nonperforming assets as a percent of assets, risk-based capital
ratio and reserves as a percent of nonperforming assets.
“We are very pleased to again be recognized on Forbes’
prestigious list of Best Banks in America 2017,” said Robert
Sarver, Chairman and CEO, Western Alliance Bancorporation. “This
broad-based look at key performance levers for our industry
demonstrates Western Alliance’s continuing commitment to excellence
– not only in terms of how we perform for shareholders, but also in
terms of financial strength and supporting the credit needs of our
communities.”
Forbes noted it had tweaked two of the metrics this year, with
12-month operating revenue growth replacing total revenue growth,
and CET1 ratio replacing the Tier 1 common capital ratio under the
U.S. Basel III revised regulatory capital rules. Per Forbes, all
data is based on regulatory filings for the period ending Sept. 30,
and each of the 10 metrics were weighted equally in the final
rankings.
About Western Alliance Bancorporation
With more than $17 billion in assets, Western Alliance
Bancorporation is one of the country’s top-performing banking
companies. Its primary subsidiary, Western Alliance Bank, is the
go-to bank for business and succeeds with local teams of
experienced bankers who deliver superior service and a full
spectrum of deposit, lending, treasury management, international
banking, and online banking products and services. Western Alliance
Bank operates full-service banking divisions: Alliance Bank of
Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and
Torrey Pines Bank. The bank also serves business customers through
a robust national platform of specialized financial services,
including Corporate Finance, Equity Fund Resources, Hotel Franchise
Finance, Life Sciences Group, Mortgage Warehouse Lending, Public
and Nonprofit Finance, Renewable Resource Group, Resort Finance,
Technology Finance and Alliance Association Bank. For more
information, visit westernalliancebancorporation.com.
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Western Alliance BancorporationMedia:Robyn Young,
602-346-7352Investors:Dale Gibbons, 602-952-5476
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