PHOENIX--(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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170119005254/en/
Western Alliance Bancorporation
Media:
Robyn Young,
602-346-7352
Investors:
Dale Gibbons, 602-952-5476
Source: Western Alliance Bancorporation