Western Alliance Bancorporation (NYSE:WAL) Q1 2023 Earnings Conference Call April 19, 2023 12:00 PM ET

Company Participants

Miles Pondelik - Director, IR and Corporate Development

Ken Vecchione - President and CEO

Dale Gibbons - CFO

Tim Bruckner - CCO

Conference Call Participants

Steven Alexopoulos - JPMorgan

Ebrahim Poonawala - Bank of America Merrill Lynch

Casey Haire - Jefferies

Brad Milsaps - Piper Sandler

Timur Braziler - Wells Fargo

Ben Gerlinger - Hovde Group

Brandon King - Truist

Gary Tenner - D.A. Davidson

Chris McGratty - KBW

Andrew Terrell - Stephens

Brody Preston - UBS

Tim Coffey - Janney

David Smith - Autonomous

Jon Arfstrom - RBC Capital Markets

Operator

Good day everyone. Welcome to Western Alliance Bancorporation's First Quarter 2023 Earnings Call. You may also view the presentation today via webcast through the company's website at www.westernalliancebancorporation.com.

I would now like to turn the call over to Miles Pondelik, Director of Investor Relations and Corporate Development. Please go ahead.

Miles Pondelik

Thank you and welcome to Western Alliance Bancorporation's first quarter 2023 conference call. Our speakers today are Ken Vecchione, President and Chief Executive Officer; and Dale Gibbons, Chief Financial Officer; and Tim Bruckner, Chief Credit Officer.

Before I hand the call over to Ken, please note that today's presentation contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. Except as required by law, the company does not undertake any obligation to update any forward-looking statements.

For more complete discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements, please refer to the company's SEC filings, including the Form 8-K filed yesterday, which are available on the company's website.

Now, for opening remarks, I'd like to turn the call over to Ken Vecchione.

Ken Vecchione

Thank you Miles. I would like to start by thanking our clients for the trust they placed in Western Alliance and to the people of Western Alliance for their extraordinary efforts over the last month. Since the collapse of three competitor bankers in mid-March, our team has worked relentlessly to meet our clients' banking needs.

Flexibility of our diversified national commercial banking strategy with a broad range of value-added deposit and deep commercial customer relationships in a wide variety of sectors and geography, all contributed to our firm's resilience in the face of recent turbulence in the banking industry.

We believe our focus on sound financial fundamentals, stable asset quality, and rebuilding capital and liquidity levels over the past several quarters have all helped us navigate through this challenging time.