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Western Alliance Bancorporation$57.33$.34.60%

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 Western Alliance Reports Fourth Quarter and Full Year 2015 Financial Performance
   Thursday, January 21, 2016 4:53:02 PM ET

Western Alliance Bancorporation (WAL ) (the "Company") announced today its financial results for the fourth quarter 2015.

Fourth Quarter 2015 Highlights:

-- Net income of $58.5 million, compared to $55.9 million for the third quarter 2015, and $40.4 million for the fourth quarter 2014

-- Earnings per share of $0.57, compared to $0.55 per share in the third quarter 2015, and $0.46 per share in the fourth quarter 2014

-- Pre-tax, pre-provision operating earnings of $79.9 million, up 8.4% from $73.7 million in the third quarter 2015, and up 53.7% from $52.0 million in the fourth quarter 2014(1)

-- Net operating revenue of $152.8 million, constituting year-over-year growth of 40.4%, or $44.0 million, compared to an increase in operating expenses of 28.1%, or $16.0 million(1)



-- Net interest margin of 4.67%, compared to 4.59% in the third quarter 2015, and 4.44% in the fourth quarter 2014

-- Efficiency ratio of 45.2%, compared to 46.8% in the third quarter 2015, and 49.3% in the fourth quarter 2014(1)

-- Total loans of $11.14 billion, up $348 million from September 30, 2015

-- Total deposits of $12.03 billion, up $420 million from September 30, 2015

-- Nonperforming assets (nonaccrual loans and repossessed assets) decreased to 0.65% of total assets, from 0.76% at September 30, 2015

-- Net loan charge-offs (annualized) to average loans outstanding of 0.02%, compared to net loan recoveries (annualized) to average loans outstanding of 0.08% in the third quarter 2015 and 0.04% in the fourth quarter 2014

-- Tangible common equity ratio of 9.2%, compared to 8.9% at September 30, 2015(1)

-- Stockholders’ equity of $1.59 billion, an increase of $8 million from September 30, 2015 as the increase from net income and the at-the-market ("ATM") common stock issuances during the quarter was partially offset by the redemption of the Small Business Lending Fund ("SBLF") preferred stock

-- Tangible book value per share, net of tax, of $12.54, an increase of 5.7% from $11.86 at September 30, 2015(1)

Full Year 2015 Highlights:

-- Net income of $194.2 million and earnings per share of $2.03, compared to $148.0 million and $1.67, respectively, for 2014

-- Return on average assets and return on tangible common equity of 1.56% and 17.83%, compared to 1.50% and 18.52%, respectively, in 2014

-- Net interest margin of 4.51%, compared to 4.42% in 2014

-- Total loan and deposit increases, including the June 30, 2015 acquisition of Bridge Capital Holdings ("Bridge"), of $2.74 billion and $3.10 billion, respectively, from December 31, 2014

-- Net loan recoveries to average loans outstanding of 0.06%, compared to 0.07% in 2014, and nonperforming assets to total assets of 0.65%, compared to 1.18% at December 31, 2014

-- Stockholders’ equity of $1.59 billion, an increase of $591 million from December 31, 2014

-- Tangible common equity ratio of 9.2% and tangible book value per share, net of tax, of $12.54, compared to 8.6% and $10.21, respectively, at December 31, 2014(1)

Note that due to early adoption of Accounting Standards Update ("ASU") 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, prior period financial statement results in 2015 have been adjusted to recognize unrealized gains and losses on the Company’s junior subordinated debt in other comprehensive income rather than in earnings, consistent with accounting guidance. See Early Adoption of Accounting Standards section for further discussion.

Financial Performance

"Western Alliance had another record-setting year and quarter, with strong organic growth augmented by the acquisition of Bridge Capital Holdings, enabling the Company to reach record revenue, earnings, loan, and deposit levels," remarked Robert Sarver, Chairman and Chief Executive Officer of Western Alliance Bancorporation. "Net income increased to $194.2 million with earnings per share of $2.03 for the year and increased to $58.5 million with earnings per share of $0.57 for the quarter. We continue to maintain asset quality, with full-year net recoveries of 0.06% and our capital levels remain strong. Credit for our strong performance goes out to all the associates within the Company as we have strong momentum going into 2016."

Income Statement

Net interest income was $143.3 million in the fourth quarter 2015, an increase of $5.9 million, or 4.3%, from $137.4 million in the third quarter 2015, and an increase of $41.2 million, or 40.3%, compared to the fourth quarter 2014. Net interest income in the fourth quarter 2015 includes $5.0 million of total accretion income from acquired loans, compared to $7.0 million in the third quarter 2015, and $2.8 million in the fourth quarter 2014.

The Company’s net interest margin increased in the fourth quarter 2015 to 4.67%, compared to 4.59% in the third quarter 2015, and 4.44% in the fourth quarter 2014. The increase in net interest margin for the quarter primarily relates to fees related to early loan payoffs and the payoff of the Company’s 10% Senior Notes.

Operating non-interest income was $9.4 million for the fourth quarter 2015, compared to $8.5 million for the third quarter 2015, and $6.7 million for the fourth quarter 2014.(1)

Net operating revenue was $152.8 million for the fourth quarter 2015, an increase of $6.9 million, or 4.7%, compared to $145.9 million for the third quarter 2015, and an increase of $44.0 million, or 40.4%, compared to $108.8 million for the fourth quarter 2014.(1)

Operating non-interest expense was $72.8 million for the fourth quarter 2015, compared to $72.2 million for the third quarter 2015, and $56.8 million for the fourth quarter 2014.(1) The Company’s operating efficiency ratio(1) on a tax equivalent basis was 45.2% for the fourth quarter 2015, an improvement from 46.8% for the third quarter 2015, and from 49.3% for the fourth quarter 2014.

The Company views its pre-tax, pre-provision operating earnings as a key metric for assessing the Company’s earnings power, which it defines as net operating revenue less operating non-interest expense. For the fourth quarter 2015, the Company’s pre-tax, pre-provision operating earnings were $79.9 million, up 8.4% from $73.7 million in the third quarter 2015, and up 53.7% from $52.0 million in the fourth quarter 2014.(1)

The non-operating items(1) for the fourth quarter 2015 consisted primarily of a $0.4 million net gain on sales and valuations of repossessed and other assets.

The Company had 1,446 full-time equivalent employees and 47 offices at December 31, 2015, compared to 1,131 employees and 40 offices at December 31, 2014.

Balance Sheet

Gross loans totaled $11.14 billion at December 31, 2015, an increase of $348 million from $10.79 billion at September 30, 2015, and an increase of $2.74 billion from $8.40 billion at December 31, 2014. The year-over-year increase is comprised of $1.44 billion from the Bridge acquisition and $1.30 billion from organic loan growth. At December 31, 2015, the allowance for credit losses was 1.07% of total loans, compared to 1.09% at September 30, 2015, and 1.31% at December 31, 2014, reflecting an improvement in the Company’s asset quality profile and historical losses. Consistent with GAAP, the allowance for credit losses is not carried over in an acquisition because acquired loans are recorded at fair value, which discounts the loans based on expected future cash flows. The allowance for credit losses as a percent of total loans, adjusted to include credit discounts on acquired loans, was 1.25% at December 31, 2015, compared to 1.32% at September 30, 2015, and 1.45% at December 31, 2014.

Deposits totaled $12.03 billion at December 31, 2015, an increase of $420 million from $11.61 billion at September 30, 2015, and an increase of $3.10 billion from $8.93 billion at December 31, 2014. The year-over-year increase is comprised of $1.74 billion from the Bridge acquisition and $1.36 from organic deposit growth. Non-interest bearing deposits were $4.09 billion at December 31, 2015, compared to $4.08 billion at September 30, 2015, and $2.29 billion at December 31, 2014. Non-interest bearing deposits comprised 34.0% of total deposits at December 31, 2015, compared to 35.1% at September 30, 2015, and 25.6% at December 31, 2014. The increase in the proportion of the Company’s non-interest bearing deposits from the prior year is due to Bridge’s higher proportion of non-interest bearing deposits. The proportion of savings and money market balances to total deposits increased to 44.0% from 40.2% at September 30, 2015, and from 43.3% at December 31, 2014. Certificates of deposit as a percentage of total deposits were 13.4% at December 31, 2015, compared to 15.8% at September 30, 2015, and 21.5% at December 31, 2014. The Company’s ratio of loans to deposits was 92.6% at December 31, 2015, compared to 92.9% at September 30, 2015, and 94.0% at December 31, 2014.

Borrowings totaled $150 million at December 31, 2015, a decrease of $150 million from $300 million at September 30, 2015, and a decrease of $240 million from $390 million at December 31, 2014. The decrease from the prior quarter relates to a reduction in FHLB overnight advances. The decrease from the prior year is due primarily to the payoff of the 10% Senior Notes of $58.2 million and a reduction in FHLB advances of $157.1 million. Qualifying debt totaled $210 million at December 31, 2015, compared to $207 million at September 30, 2015, and increased $170 million from $40 million at December 31, 2014. The year-over-year increase is primarily due to the issuance of $150 million of subordinated debt and the assumption of $11 million in junior subordinated debt from Bridge in the second quarter 2015.

Stockholders’ equity at December 31, 2015 was $1.59 billion, compared to $1.58 billion at September 30, 2015, and $1.00 billion at December 31, 2014. There were several significant items that had offsetting effects on stockholders’ equity during the fourth quarter 2015, which include: a reduction for the redemption of preferred stock, and increases related to ATM common stock issuances and net income for the quarter. In December 2015, the Company redeemed its remaining 70,500 outstanding shares of Non-Cumulative Perpetual Preferred Stock, Series B. The shares were redeemed at their liquidation value of $1,000 per share plus accrued dividends for a total redemption price of $70.7 million. During 2014, the Company began issuing common stock under a $100 million ATM public offering. During the fourth quarter 2015, we raised $28.3 million in net proceeds from the issuance of 760,376 shares of common stock under the ATM program.

At December 31, 2015, tangible common equity, net of tax, was 9.2% of tangible assets(1) and total capital under the Basel III federal regulatory standards was 12.1% of risk-weighted assets. The Company’s tangible book value per share(1) was $12.54 at December 31, 2015, up 22.8% from December 31, 2014.

Total assets increased 2.3% to $14.28 billion at December 31, 2015, from $13.96 billion at September 30, 2015, and increased 34.7% from $10.60 billion at December 31, 2014. The increase in total assets from the prior year relates primarily to the Bridge acquisition, which increased total assets by $2.23 billion and organic loan growth during the year of $1.30 billion.

Asset Quality

The provision for credit losses was $2.5 million for the fourth quarter 2015, compared to zero for the third quarter 2015, and $0.3 million for the fourth quarter 2014. Net loan charge-offs in the fourth quarter 2015 were $0.5 million, or 0.02% of average loans (annualized), compared to net loan recoveries of $2.0 million, or 0.08%, in the third quarter 2015, and $0.8 million, or 0.04%, for the fourth quarter 2014.

Nonaccrual loans increased $0.7 million to $48.4 million during the quarter. Loans past due 90 days and still accruing interest totaled $3.0 million at December 31, 2015, compared to $5.6 million at September 30, 2015, and $5.1 million at December 31, 2014. Loans past due 30-89 days and still accruing interest totaled $34.5 million at quarter end, an increase from $19.6 million at September 30, 2015, and an increase from $9.8 million at December 31, 2014.

As the Company’s asset quality improved and its capital increased, the ratio of classified assets to Tier I capital plus the allowance for credit losses, a common regulatory measure of asset quality, improved to 15.9% at December 31, 2015, from 17.2% at September 30, 2015, and from 20.2% at December 31, 2014.(1)

Segment Highlights

The Company’s reportable segments are aggregated primarily based on geographic location, services offered, and markets served. As a result of the acquisition of Bridge on June 30, 2015, former Bridge activities were allocated between the newly formed Northern California segment and the Central Business Lines ("CBL") segment. As a substantial portion of Bridge’s balance sheet is generated from nationally-focused business lines, the operations of these business lines are included in the CBL segment. Substantially all of the remaining assets and liabilities are included in the Northern California segment. The Southern California segment represents legacy Western Alliance operations in California, excluding two branches located in northern California, which are now included in the Northern California segment.

The Arizona, Nevada, Southern California, and Northern California segments provide full service banking and related services to their respective markets. The Company’s CBL segment provides specialized banking services to niche markets and, as of June 30, 2015, includes the operations of Bridge. These CBLs are managed centrally and are broader in geographic scope than our other segments, though still predominately located within our core market areas. The Corporate & Other segment consists of corporate-related items, income and expense items not allocated to our other reportable segments, and inter-segment eliminations.

Key management metrics for evaluating the performance of the Company’s Arizona, Nevada, Southern California, Northern California, and CBL segments include loan and deposit growth, asset quality, and pre-tax income.

Arizona reported a gross loan balance of $2.81 billion at December 31, 2015, an increase of $106 million during the quarter, and an increase of $470 million during the last 12 months. Deposits were $2.88 billion at December 31, 2015, an increase of $417 million during the quarter, and an increase of $703 million during the last 12 months. Pre-tax income was $20.8 million and $14.1 million for the three months ended December 31, 2015 and 2014, respectively, and $71.1 million and $58.8 million for the years ended December 31, 2015 and 2014, respectively.

Nevada reported a gross loan balance of $1.74 billion at December 31, 2015, a decrease of $42 million during the quarter, and an increase of $69 million during the last 12 months. Deposits were $3.38 billion at December 31, 2015, an increase of $53 million during the quarter, and an increase of $152 million during the last 12 months. Pre-tax income was $21.6 million and $18.9 million for the three months ended December 31, 2015 and 2014, respectively, and $78.6 million and $74.3 million for the years ended December 31, 2015 and 2014, respectively.

Southern California reported a gross loan balance of $1.76 billion at December 31, 2015, an increase of $54 million during the quarter, and an increase of $209 million during the last 12 months. Deposits were $1.90 billion at December 31, 2015, a decrease of $36 million during the quarter, and an increase of $158 million during the last 12 months. Pre-tax income was $12.0 million and $13.1 million for the three months ended December 31, 2015 and 2014, respectively, and $49.6 million and $46.9 million for the years ended December 31, 2015 and 2014, respectively.

Northern California reported a gross loan balance of $1.19 billion at December 31, 2015, an increase of $23 million during the quarter, and an increase of $990 million during the last 12 months. Deposits were $1.54 billion at December 31, 2015, an increase of $71 million during the quarter, and an increase of $957 million during the last 12 months. Results of operations for Northern California include the Company’s two previously existing northern California branch operations and the results of operations of Bridge (excluding certain business lines reflected in the CBL segment) beginning on July 1, 2015. Pre-tax income was $10.8 million and $1.4 million for the three months ended December 31, 2015 and 2014, respectively, and $28.7 million and $5.5 million for the years ended December 31, 2015 and 2014, respectively.

CBL reported a gross loan balance of $3.60 billion at December 31, 2015, an increase of $208 million from the prior quarter, and an increase of $1.01 billion during the last 12 months. Deposits were $2.13 billion at December 31, 2015, an increase of $104 million during the quarter, and an increase of $1.19 billion during the last 12 months. Pre-tax income was $25.1 million and $11.9 million for the three months ended December 31, 2015 and 2014, respectively, and $78.6 million and $33.6 million for the years ended December 31, 2015 and 2014, respectively.

Acquisition of Bridge Capital Holdings

The balance sheet of Bridge was consolidated into the Company on June 30, 2015 and the results of Bridge’s operations are reflected in the Company’s results beginning on July 1, 2015. Goodwill related to the acquisition of Bridge totaled $266.4 million as of December 31, 2015, inclusive of a $6.8 million increase for measurement period adjustments since June 30, 2015. The estimated fair values of certain net assets are still preliminary and are subject to additional measurement period adjustments.

Early Adoption of Accounting Standards

Effective as of the first quarter 2015, the Company elected early adoption of an element of ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, related to the accounting for changes in the fair value of a liability when the fair value option for financial instruments has been elected. Under this portion of this amended standard, the portion of the total change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value is presented separately in other comprehensive income rather than being recognized in the income statement at each reporting period. The amendments in this Update are applied through a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. See the supplemental schedule at the end of this press release for additional detail on the impact that adoption of this standard has had on prior period financial information.

Effective as of the third quarter 2015, the Company elected early adoption of ASU 2015-16, related to the accounting for measurement period adjustments resulting from business combinations. Under the amended standard, adjustments to provisional amounts that are identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined rather than retrospectively adjusting the provisional amounts at the acquisition date and revising comparative information for prior periods presented in the financial statements. Accordingly, all measurement period adjustments identified during the quarter have been recognized in the current reporting period.

Attached to this press release is summarized financial information for the quarter ended December 31, 2015.

Conference Call and Webcast

Western Alliance Bancorporation will host a conference call and live webcast to discuss its fourth quarter 2015 financial results at 12:00 p.m. ET on Friday, January 22, 2016. Participants may access the call by dialing 1-888-317-6003 and using passcode 3254694 or via live audio webcast using the website link http://services.choruscall.com/links/wal160122 . The webcast is also available via the Company’s website at www.westernalliancebancorp.com. Participants should log in at least 15 minutes early to receive instructions. The call will be recorded and made available for replay after 2:00 p.m. ET January 22nd through 9:00 a.m. ET February 22nd by dialing 1-877-344-7529 passcode: 10078440.

Reclassifications

Certain amounts in the Consolidated Income Statements for the prior periods have been reclassified to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported.

Use of Non-GAAP Financial Information

This press release contains both financial measures based on accounting principles generally accepted in the United States ("GAAP") and non-GAAP based financial measures, which are used where management believes them to be helpful in understanding the Company’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding our expectations with regard to Bridge Capital Holdings, the performance of the combined company following the acquisition of Bridge, and any guidance, outlook or expectations relating to our business, financial and operating results, and future economic performance. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include, among others: the risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for credit losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; supervisory actions by regulatory agencies which may limit our ability to pursue certain growth opportunities, including expansion through acquisitions; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular.

Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements, whether written or oral, that may be made from time to time, set forth in this press release to reflect new information, future events or otherwise.

About Western Alliance Bancorporation

With $14 billion in assets, top-performing Western Alliance Bancorporation (WAL ) is one of the fastest-growing bank holding companies in the U.S. 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, Life Sciences Group, Mortgage Warehouse Lending, Public Finance, Renewable Energy Group, Resort Finance, Technology Finance and Alliance Association Bank. For more information visit westernalliancebancorporation.com.

(1) See Reconciliation of Non-GAAP Financial Measures.

Western Alliance Bancorporation and Subsidiaries
Summary Consolidated Financial Data
Unaudited
                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                                                          
Selected Balance Sheet Data:
                                                                                                                              December 31,                                                                   
                                                                                    -------------------------------------------------------------------------------------------------                     -------------------- --------------------
                                                                                                     2015                                                       2014                                            Change %        
                                                                                    --------------------------------------                     --------------------------------------                     -------------------- --------------------
                                                                                                                              (in millions)
   Total assets                                                                           $ 14,275.1                                                 $ 10,600.5                                                           34.7                    %
   Total loans, net of deferred fees                                                        11,136.7                                                    8,398.3                                                           32.6
   Securities and money market investments                                                   2,042.2                                                    1,547.8                                                           31.9
   Total deposits                                                                           12,030.6                                                    8,931.0                                                           34.7
   Borrowings                                                                                  150.0                                                      390.3                                                          (61.6 )
   Qualifying debt                                                                             210.3                                                       40.4                                                             NM
   Stockholders’ equity                                                                      1,591.5                                                    1,000.9                                                           59.0
   Tangible common equity, net of tax (1)                                                    1,292.2                                                      905.5                                                           42.7
                                                                                                                                                                                                                                                                                                                                                                                          
Selected Income Statement Data:
                                                                                                                                      For the Three Months Ended December 31,                                                                                                                            For the Year Ended December 31,
                                                                                    ---------------------------------------------------------------------------------------------------------------------------------------------------------------                      -------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     2015                                                       2014                                            Change %                                              2015                                                    2014                                          Change %
                                                                                    --------------------------------------                     --------------------------------------                     -------------------- --------------------                      -------------------------------------                     ---------------------------------                     ---------------------
                                                                                                                             (in thousands)                                                                                                                                                                    (in thousands)
   Interest income                                                                        $  151,331                                                 $  110,151                                                           37.4 %                                               $ 525,144                                             $ 416,379                                                 26.1 %
   Interest expense                                                                            7,988                                   8,006                                        (0.2 )                                                  32,568                             31,486                               3.4
                                                                                    -------------------------------------                      -------------------------------------                                                                                     ------------------------------------                      --------------------------------
      Net interest income                                                                    143,343                                                    102,145                                                           40.3                                                   492,576                                               384,893                                                 28.0
   Provision for credit losses                                                                 2,500                                     300                                          NM                                                     3,200                              4,726                             (32.3 )
                                                                                    -------------------------------------                      -------------------------------------                                                                                     ------------------------------------                      --------------------------------
      Net interest income after provision for credit losses                                  140,843                                                    101,845                                                           38.3                                                   489,376                                               380,167                                                 28.7
   Non-interest income                                                                         9,479                                                      8,417                                                           12.6                                                    29,768                                                24,651                                                 20.8
   Non-interest expense                                                                       72,448                                  55,742                                        30.0                                                   260,606                            207,319                              25.7
                                                                                    -------------------------------------                      -------------------------------------                                                                                     ------------------------------------                      --------------------------------
      Income from continuing operations before income taxes                                   77,874                                                     54,520                                                           42.8                                                   258,538                                               197,499                                                 30.9
   Income tax expense                                                                         19,348                                  14,111                                        37.1                                                    64,294                             48,390                              32.9
                                                                                    -------------------------------------                      -------------------------------------                                                                                     ------------------------------------                      --------------------------------
      Income from continuing operations                                                       58,526                                                     40,409                                                           44.8                                                   194,244                                               149,109                                                 30.3
   Loss on discontinued operations, net of tax                                        --                          --                              --                                            --                             (1,158 )                                             (100.0 )
                                                                                    -------------------------------------                      -------------------------------------                                                                                     ------------------------------------                      --------------------------------
      Net income                                                                          $   58,526                              $   40,409                                        44.8                                                 $ 194,244                          $ 147,951                              31.3
                                                                                    ======= ======== ====================                      ======= ======== ====================                                                                                     ======= ======= ====================                      === ======= ====================
   Diluted earnings per share from continuing operations                                  $     0.57                              $     0.46                                        23.9                                                 $    2.03                          $    1.69                              20.1
                                                                                    ======= ======== ====================                      ======= ======== ====================                                                                                     ======= ======= ====================                      === ======= ====================
   Diluted loss per share from discontinued operations                                --                          --                                                                                        --                              (0.02 )
                                                                                    =====================================                      =====================================                                                                                     ====================================                      ================================
   Diluted earnings per share available to common stockholders                            $     0.57                              $     0.46                                        23.9                                                 $    2.03                          $    1.67                              21.6
                                                                                    ======= ======== ====================                      ======= ======== ====================                                                                                     ======= ======= ====================                      === ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                          
(1) See Reconciliation of Non-GAAP Financial Measures.
NM: Changes +/- 100% are not meaningful.
                                                                                                                                                                                                                                
 
Western Alliance Bancorporation and Subsidiaries
Summary Consolidated Financial Data
Unaudited
                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                  
Common Share Data:
                                                                                                                    At or for the Three Months Ended December 31,                                                                                                    For the Year Ended December 31,
                                                                                      ---------------------------------------------------------------------------------------------------------                     --------------------------------------------------------------------------------------------------------------------------------
                                                                                          2015                              2014                                        Change %                                                    2015                                           2014                                       Change %
                                                                                      -------------                     -------------                     -------------------------------------                     -------------------------------------                     --------------                     -----------------------------------
   Diluted earnings per share available to common stockholders                          $    0.57                         $    0.46                                                   23.9 %                         $                             2.03                        $      1.67                                21.6 %
   Book value per common share                                                          $   15.44                         $   10.49                                                   47.2
   Tangible book value per share, net of tax (1)                                        $   12.54                         $   10.21                                                   22.8
   Average shares outstanding (in thousands):
      Basic                                                                               101,174                            87,279                                                   15.9                                                       94,570                             86,693                                 9.1 %
      Diluted                                                                             102,006                            87,987                                                   15.9                                                       95,219                             87,506                                 8.8
   Common shares outstanding                                                              103,087                            88,691                                                   16.2
                                                                                                                                                                                                                                                                                                                  
Selected Performance Ratios:
   Return on average assets (2)                                                          1.67 %                            1.56 %                                                  7.1 %                                                        1.56 %                             1.50 %                           4.0 %
   Return on average tangible common equity (1, 2)                                      18.64                             18.15                                                    2.7                                                         17.83                              18.52                            (3.7 )
   Net interest margin (2)                                                               4.67                              4.44                                                    5.2                                                          4.51                               4.42                             2.0
   Net interest spread                                                                   4.52                              4.31                                                    4.9                                                          4.36                               4.29                             1.6
   Efficiency ratio - tax equivalent basis (1)                                          45.19                             49.29                                                   (8.3 )                                                       45.85                              49.11                            (6.6 )
   Loan to deposit ratio                                                                92.57                             94.04                                                   (1.6 )
                                                                                                                                                                                                                                                                                                                  
Asset Quality Ratios:
   Net charge-offs (recoveries) to average loans outstanding (2)                         0.02 %                           (0.04 )%                                              (150.0 )%                                                      (0.06 )%                           (0.07 )%                        (14.3 )%
   Nonaccrual loans to gross loans                                                       0.44                              0.81                                                  (45.7 )
   Nonaccrual loans and repossessed assets to total assets                               0.65                              1.18                                                  (44.9 )
   Loans past due 90 days and still accruing to total loans                              0.03                              0.06                                                  (50.0 )
   Allowance for credit losses to gross loans                                            1.07                              1.31                                                  (18.3 )
   Allowance for credit losses to nonaccrual loans                                     246.10                            162.90                                                   51.1
                                                                                                                                                                                                           
Capital Ratios (1):
                                                                                                                                                                                                                                 Basel III                                                                         Basel I
                                                                                                                                                                                   ---------------------------------------------------------------------------------------------------- ------------------------------------------------------------
                                                                                                                                                                                                December 31, 2015                                          September 30, 2015                                 December 31, 2014
                                                                                                                                                                                   ------------------------------------------                     ------------------------------------- ------------------------------------------------------------
   Tangible common equity                                                                                                                                                                                             9.2 %                                                     8.9 %                                      8.6 %
   Common Equity Tier 1 (3)                                                                                                                                                                                           9.5                                                       9.1                                        9.3
   Tier 1 Leverage ratio (3)                                                                                                                                                                                          9.8                                                       9.9                                        9.7
   Tier 1 Capital (3)                                                                                                                                                                                                10.1                                                      10.1                                       10.5
   Total Capital (3)                                                                                                                                                                                                 12.1                                                      12.1                                       11.7
                                                                                                                                                                                                                                                                                                                                
(1)   See Reconciliation of Non-GAAP Financial Measures.
(2)                      Annualized for the three month periods ended December 31, 2015 and
                         2014.
(3)                      Capital ratios for December 31, 2015 are preliminary until the Call
                         Report is filed.
                                                                                                                                                                                            
Western Alliance Bancorporation and Subsidiaries
Condensed Consolidated Income Statements
Unaudited
                                                                                                                           Three Months Ended December 31,                                                                                       Year Ended December 31,
                                                                                           -----------------------------------------------------------------------------------------------                     -------------------------------------------------------------------------------------------
                                                                                                           2015                                                      2014                                                      2015                                                    2014
                                                                                           -------------------------------------                     -------------------------------------                     -------------------------------------                     ---------------------------------
                                                                                                                                                                                       (dollars in thousands)
Interest income:
   Loans                                                                                         $ 137,471                                                 $  99,099                                                 $ 476,417                                             $ 370,922
   Investment securities                                                                            12,454                                                    10,455                                                    43,557                                                43,209
   Other                                                                                             1,406                                    597                                  5,170                              2,248  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Total interest income                                                                        151,331                                110,151                                525,144                            416,379  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
Interest expense:
   Deposits                                                                                          5,737                                                     5,245                                                    21,795                                                20,012
   Borrowings                                                                                          144                                                     2,314                                                     5,766                                                 9,720
   Qualifying debt                                                                                   2,107                                    447                                  5,007                              1,754  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Total interest expense                                                                         7,988                                  8,006                                 32,568                             31,486  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Net interest income                                                                          143,343                                                   102,145                                                   492,576                                               384,893
Provision for credit losses                                                                          2,500                                    300                                  3,200                              4,726  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Net interest income after provision for credit losses                                        140,843                                101,845                                489,376                            380,167  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
Non-interest income:
   Service charges                                                                                   4,295                                                     2,791                                                    14,639                                                10,567
   Bank owned life insurance                                                                         1,166                                                     1,464                                                     3,899                                                 4,508
   Lending related fees                                                                              1,097                                                         6                                                     1,948                                                    71
   Gains on sales of investment securities, net                                                         33                                                       373                                                       615                                                   757
   Unrealized gains on assets and liabilities measured at fair value,                                   10                                                     1,357                                                        47                                                 1,212
   net
   Loss on extinguishment of debt                                                           --                                            --                                                       (81 )                                                (502 )
   Other                                                                                             2,878                                  2,426                                  8,701                              8,038  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Total non-interest income                                                                      9,479                                  8,417                                 29,768                             24,651  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
Non-interest expenses:
   Salaries and employee benefits                                                                   41,221                                                    33,094                                                   149,828                                               126,630
   Occupancy                                                                                         6,503                                                     4,698                                                    22,180                                                18,155
   Legal, professional and directors’ fees                                                           5,890                                                     3,425                                                    18,548                                                14,278
   Data processing                                                                                   4,629                                                     2,345                                                    14,776                                                10,057
   Insurance                                                                                         3,264                                                     2,386                                                    11,003                                                 8,862
   Loan and repossessed asset expenses                                                                 904                                                     1,486                                                     4,377                                                 4,423
   Card expense                                                                                        920                                                       678                                                     2,764                                                 2,417
   Marketing                                                                                         1,298                                                       857                                                     2,885                                                 2,300
   Intangible amortization                                                                             704                                                       281                                                     1,970                                                 1,461
   Net (gain) loss on sales and valuations of repossessed and other                                   (397 )                                                  (1,102 )                                                  (2,070 )                                              (5,350 )
   assets
   Acquisition / restructure expense                                                        --                                            --                                                     8,836                                                   198
   Other                                                                                             7,512                                  7,594                                 25,509                             23,888  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Total non-interest expense                                                                    72,448                                 55,742                                260,606                            207,319  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
Income from continuing operations before income taxes                                               77,874                                                    54,520                                                   258,538                                               197,499
Income tax expense                                                                                  19,348                                 14,111                                 64,294                             48,390  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Income from continuing operations                                                          $  58,526                                                 $  40,409                                                 $ 194,244                                             $ 149,109
Loss from discontinued operations, net of tax                                               --                         --                         --                             (1,158 )
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Net income                                                                                 $  58,526                              $  40,409                              $ 194,244                          $ 147,951  
                                                                                           ------- ------- --------------------                      ------- ------- --------------------                      ------- ------- --------------------                      --- ------- --------------------
Preferred stock dividends                                                                              151                                    329                                    750                              1,387  
                                                                                           ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------
      Net income available to common stockholders                                                $  58,375                              $  40,080                              $ 193,494                          $ 146,564  
                                                                                           ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      === ======= ====================
Diluted net income per share                                                                     $    0.57                              $    0.46                              $    2.03                          $    1.67  
                                                                                           ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      === ======= ====================
                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                     
Western Alliance Bancorporation and Subsidiaries
Five Quarter Condensed Consolidated Income Statements
Unaudited
                                                                                                                                                                                                                          Three Months Ended
                                                                                             ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                         Dec 31, 2015                                              Sep 30, 2015                                              Jun 30, 2015                                              Mar 31, 2015                                              Dec 31, 2014
                                                                                             -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------
                                                                                                                                                                                                                 (in thousands, except per share data)
Interest income:
   Loans                                                                                           $ 137,471                                                 $ 133,087                                                 $ 105,468                                                 $ 100,391                                                 $  99,099
   Investment securities                                                                              12,454                                                    12,039                                                     9,276                                                     9,788                                                    10,455
   Other                                                                                               1,406                                  1,107                                  1,874                                    783                                    597  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Total interest income                                                                          151,331                                146,233                                116,618                                110,962                                110,151  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
Interest expense:
   Deposits                                                                                            5,737                                                     5,550                                                     5,362                                                     5,146                                                     5,245
   Borrowings                                                                                            144                                                     1,268                                                     2,087                                                     2,267                                                     2,314
   Qualifying debt                                                                                     2,107                                  2,008                                    451                                    441                                    447  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Total interest expense                                                                           7,988                                  8,826                                  7,900                                  7,854                                  8,006  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Net interest income                                                                            143,343                                                   137,407                                                   108,718                                                   103,108                                                   102,145
Provision for credit losses                                                                            2,500                         --                         --                                    700                                    300  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Net interest income after provision for credit losses                                          140,843                                137,407                                108,718                                102,408                                101,845  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
Non-interest income:
   Service charges                                                                                     4,295                                                     4,327                                                     3,128                                                     2,889                                                     2,791
   Bank owned life insurance                                                                           1,166                                                       984                                                       772                                                       977                                                     1,464
   Lending related fees                                                                                1,097                                                       532                                                       118                                                       201                                                         6
   Gains (losses) on sales of investment securities, net                                                  33                                                       (62 )                                                      55                                                       589                                                       373
   Unrealized gains (losses) on assets and liabilities measured at fair                                   10                                                        47                                                       (10 )                                          --                                                     1,357
   value, net
   Loss on extinguishment of debt                                                             --                                            --                                                       (81 )                                          --                                            --
   Other                                                                                               2,878                                  2,674                                  1,563                                  1,586                                  2,426  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Total non-interest income                                                                        9,479                                  8,502                                  5,545                                  6,242                                  8,417  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
Non-interest expenses:
   Salaries and employee benefits                                                                     41,221                                                    43,660                                                    32,406                                                    32,541                                                    33,094
   Occupancy                                                                                           6,503                                                     5,915                                                     4,949                                                     4,813                                                     4,698
   Legal, professional, and directors’ fees                                                            5,890                                                     4,052                                                     4,611                                                     3,995                                                     3,425
   Data processing                                                                                     4,629                                                     4,338                                                     2,683                                                     3,126                                                     2,345
   Insurance                                                                                           3,264                                                     3,375                                                     2,274                                                     2,090                                                     2,386
   Loan and repossessed asset expenses                                                                   904                                                     1,099                                                     1,284                                                     1,090                                                     1,486
   Card expense                                                                                          920                                                       757                                                       613                                                       474                                                       678
   Marketing                                                                                           1,298                                                       747                                                       463                                                       377                                                       857
   Intangible amortization                                                                               704                                                       704                                                       281                                                       281                                                       281
   Net (gain) loss on sales and valuations of repossessed and other                                     (397 )                                                    (104 )                                                  (1,218 )                                                    (351 )                                                  (1,102 )
   assets
   Acquisition / restructure expense                                                          --                                                       835                                                     7,842                                                       159                                            --
   Other                                                                                               7,512                                  7,538                                  5,021                                  5,438                                  7,594  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Total non-interest expense                                                                      72,448                                 72,916                                 61,209                                 54,033                                 55,742  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
Income from continuing operations before income taxes                                                 77,874                                                    72,993                                                    53,054                                                    54,617                                                    54,520
Income tax expense                                                                                    19,348                                 17,133                                 13,579                                 14,234                                 14,111  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Net income                                                                                   $  58,526                              $  55,860                              $  39,475                              $  40,383                              $  40,409  
                                                                                             ------- ------- --------------------                      ------- ------- --------------------                      ------- ------- --------------------                      ------- ------- --------------------                      ------- ------- --------------------
Preferred stock dividends                                                                                151                                    176                                    247                                    176                                    329  
                                                                                             ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Net Income available to common stockholders                                                  $  58,375                              $  55,684                              $  39,228                              $  40,207                              $  40,080  
                                                                                             ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================
Diluted net income per share                                                                       $    0.57                              $    0.55                              $    0.44                              $    0.45                              $    0.46  
                                                                                             ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================
                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                  
Western Alliance Bancorporation and Subsidiaries
Five Quarter Condensed Consolidated Balance Sheets
Unaudited
                                                                                      Dec 31, 2015                                               Sep 30, 2015                                             Jun 30, 2015                                              Mar 31, 2015                                               Dec 31, 2014
                                                                         --------------------------------------                     --------------------------------------                     -----------------------------------                     --------------------------------------                     --------------------------------------
                                                                                                                                                                                                          (in millions)
Assets:
Cash and due from banks                                                        $    224.6                                                 $    325.4                                              $    700.2                                                 $    492.4                                                 $    164.4
Securities purchased under agreement to resell                             --                          --                                 58.1                          --                          --  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Cash and cash equivalents                                                  224.6                                                      325.4                                                   758.3                                                      492.4                                                      164.4
Securities and money market investments                                           2,042.2                                                    1,993.6                                                 1,531.9                                                    1,453.7                                                    1,547.8
Loans held for sale                                                                  23.8                                                       24.4                                                    39.4                                             --                                             --
Loans held for investment:
   Commercial                                                                     5,262.8                                                    4,960.4                                                 4,759.7                                                    3,725.2                                                    3,532.3
   Commercial real estate - non-owner occupied                                    2,283.5                                                    2,210.7                                                 2,195.0                                                    2,113.8                                                    2,052.6
   Commercial real estate - owner occupied                                        2,083.3                                                    2,123.6                                                 2,019.3                                                    1,818.0                                                    1,732.9
   Construction and land development                                              1,133.4                                                    1,121.9                                                 1,002.7                                                      842.9                                                      748.1
   Residential real estate                                                          323.0                                                      320.7                                                   320.6                                                      292.2                                                      299.4
   Consumer                                                                          26.9                                    26.6                                 24.0                                    26.5                                    33.0  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Gross loans and deferred fees, net                                      11,112.9                                                   10,763.9                                                10,321.3                                                    8,818.6                                                    8,398.3
Allowance for credit losses                                                        (119.1 )                                                   (117.1 )                                                (115.1 )                                                   (112.1 )                                                   (110.2 )
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Loans, net                                                              10,993.8                                10,646.8                             10,206.2                                 8,706.5                                 8,288.1  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
Premises and equipment, net                                                         118.5                                                      121.7                                                   116.0                                                      114.3                                                      113.8
Other assets acquired through foreclosure, net                                       43.9                                                       57.7                                                    59.3                                                       63.8                                                       57.1
Bank owned life insurance                                                           162.5                                                      161.7                                                   161.1                                                      142.9                                                      142.0
Goodwill and other intangibles, net                                                 305.4                                                      305.8                                                   300.0                                                       25.6                                                       25.9
Other assets                                                                        360.4                                   318.4                                297.9                                   252.7                                   261.4  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Total assets                                                          $ 14,275.1                              $ 13,955.5                           $ 13,470.1                              $ 11,251.9                              $ 10,600.5  
                                                                         ======= ======== ====================                      ======= ======== ====================                      ==== ======== ====================                      ======= ======== ====================                      ======= ======== ====================
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits
   Non-interest bearing demand deposits                                        $  4,094.0                                                 $  4,077.5                                              $  3,924.4                                                 $  2,657.4                                                 $  2,288.0
   Interest bearing:
      Demand                                                                      1,028.1                                                    1,024.5                                                 1,001.3                                                      936.5                                                      854.9
      Savings and money market                                                    5,296.9                                                    4,672.6                                                 4,733.9                                                    4,121.0                                                    3,869.7
      Time certificates                                                           1,611.6                                 1,835.8                              1,747.1                                 1,947.4                                 1,918.4  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Total deposits                                                          12,030.6                                                   11,610.4                                                11,406.7                                                    9,662.3                                                    8,931.0
      Customer repurchase agreements                                                 38.2                                    53.2                                 42.2                                    47.2                                    54.9  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Total customer funds                                                    12,068.8                                                   11,663.6                                                11,448.9                                                    9,709.5                                                    8,985.9
Securities sold short                                                      --                                             --                                                    57.6                                             --                                             --
Borrowings                                                                          150.0                                                      300.0                                                    69.5                                                      275.2                                                      390.3
Qualifying debt                                                                     210.3                                                      206.8                                                   208.4                                                       40.7                                                       40.4
Accrued interest payable and other liabilities                                      254.5                                   201.4                                171.0                                   175.2                                   183.0  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Total liabilities                                                       12,683.6                                12,371.8                             11,955.4                                10,200.6                                 9,599.6  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
Stockholders’ Equity:
Preferred stock                                                            --                                                       70.5                                                    70.5                                                       70.5                                                       70.5
Common stock and additional paid-in capital                                       1,306.6                                                    1,273.7                                                 1,269.0                                                      831.9                                                      828.3
Retained earnings                                                                   262.6                                                      204.2                                                   148.5                                                      109.4                                                       85.5
Accumulated other comprehensive income                                               22.3                                    35.3                                 26.7                                    39.5                                    16.6  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
         Total stockholders’ equity                                               1,591.5                                 1,583.7                              1,514.7                                 1,051.3                                 1,000.9  
                                                                         -------------------------------------                      -------------------------------------                      ----------------------------------                      -------------------------------------                      -------------------------------------
                                                                                                                                                                                                                                                                                                                                    
         Total liabilities and stockholders’ equity                            $ 14,275.1                              $ 13,955.5                           $ 13,470.1                              $ 11,251.9                              $ 10,600.5  
                                                                         ======= ======== ====================                      ======= ======== ====================                      ==== ======== ====================                      ======= ======== ====================                      ======= ======== ====================
                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                         
Western Alliance Bancorporation and Subsidiaries
Changes in the Allowance For Credit Losses
Unaudited
                                                                                                                                                                                                              Three Months Ended
                                                                                 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                             Dec 31, 2015                                              Sep 30, 2015                                              Jun 30, 2015                                              Mar 31, 2015                                              Dec 31, 2014
                                                                                 -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------
                                                                                                                                                                                                                (in thousands)
Balance, beginning of period                                                           $ 117,072                                                 $ 115,056                                                 $ 112,098                                                 $ 110,216                                                 $ 109,161
Provision for credit losses                                                                2,500                                            --                                            --                                                       700                                                       300
Recoveries of loans previously charged-off:
   Commercial and industrial                                                               1,009                                                     1,147                                                       681                                                       916                                                     1,499
   Commercial real estate - non-owner occupied                                               482                                                       968                                                       335                                                       277                                                       229
   Commercial real estate - owner occupied                                                   135                                                       433                                                     1,403                                                       106                                                        43
   Construction and land development                                                          13                                                       329                                                     1,373                                                       157                                                     1,268
   Residential real estate                                                                   232                                                       232                                                     1,184                                                       533                                                       261
   Consumer                                                                                  115                                     24                                     24                                     40                                     64  
                                                                                 ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Total recoveries                                                                     1,986                                                     3,133                                                     5,000                                                     2,029                                                     3,364
Loans charged-off:
   Commercial and industrial                                                               2,277                                                     1,109                                                     1,771                                                       393                                                     1,743
   Commercial real estate - non-owner occupied                                    --                                            --                                            --                                            --                                            --
   Commercial real estate - owner occupied                                        --                                            --                                            --                                            --                                                       270
   Construction and land development                                              --                                            --                                            --                                            --                                                         8
   Residential real estate                                                                   194                                                         8                                                       218                                                       400                                                       377
   Consumer                                                                                   19                         --                                     53                                     54                                    211  
                                                                                 ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
      Total loans charged-off                                                              2,490                                                     1,117                                                     2,042                                                       847                                                     2,609
Net loan charge-offs (recoveries)                                                            504                                 (2,016 )                                                  (2,958 )                                                  (1,182 )                                                    (755 )
                                                                                 ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
Balance, end of period                                                                 $ 119,068                              $ 117,072                              $ 115,056                              $ 112,098                              $ 110,216  
                                                                                 ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================
                                                                                                                                                                                                                                                                                                                          
Net charge-offs (recoveries) to average loans outstanding -                                 0.02 %                                                   (0.08 )%                                                  (0.13 )%                                                  (0.06 )%                                                  (0.04 )%
annualized
Allowance for credit losses to gross loans                                                  1.07                                                      1.09                                                      1.11                                                      1.27                                                      1.31
Nonaccrual loans                                                                       $  48,381                                                 $  47,692                                                 $  59,425                                                 $  60,742                                                 $  67,659
Repossessed assets                                                                        43,942                                                    57,719                                                    59,335                                                    63,759                                                    57,150
Loans past due 90 days, still accruing                                                     3,028                                                     5,550                                                     8,284                                                     3,730                                                     5,132
Loans past due 30 to 89 days, still accruing                                              34,541                                                    19,630                                                     4,006                                                    14,137                                                     9,804
Classified loans on accrual                                                              118,635                                                   108,341                                                   101,165                                                    76,090                                                    90,393
Special mention loans                                                                    141,819                                                   153,431                                                   132,313                                                   100,345                                                    97,504
                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                    
Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
                                                                                                                                                                                                  Three Months Ended December 31,
                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               2015                                                                                                                                                                      2014
                                                                     ---------------------------------------------------------------------------------------------------------------------------------------------------------                     -------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                     Average                                                  Interest                                               Average Yield /                                              Average                                                Interest                                            Average Yield /
                                                                                     Balance                                                                                                              Cost                                                    Balance                                                                                                         Cost
                                                                     -----------------------------------                        ----------------------------------                        ----------------------------------                       ---------------------------------                        --------------------------------                        ------------------------------
                                                                                 ($ in millions)                                          ($ in thousands)                                                                                                    ($ in millions)                                        ($ in thousands)
Interest earning assets
   Loans (1)                                                               $ 10,757.3                                                 $ 137,471                                                     5.35 %                                             $  7,997.5                                               $  99,099                                                 5.20 %
   Securities (1)                                                             1,930.1                                                    12,454                                                     2.98                                                  1,574.7                                                  10,455                                                 3.07
   Other                                                                        313.6                                  1,406                                  1.79                                 217.2                                  597                              1.10  
                                                                     -------------------------------------                      ------------------------------------                      -------------- --------------------                      -----------------------------------                      ----------------------------------                      ---------- --------------------
      Total interest earning assets                                          13,001.0                                                   151,331                                                     4.92                                                  9,789.4                                                 110,151                                                 4.77
Non-interest earning assets
   Cash and due from banks                                                      155.7                                                                                                                                                                       121.3
   Allowance for credit losses                                                 (118.0 )                                                                                                                                                                    (111.1 )
   Bank owned life insurance                                                    162.0                                                                                                                                                                       142.1
   Other assets                                                                 809.1                                                                                                                                                    450.8  
                                                                     -------------------------------------                                                                                                                                         -----------------------------------
Total assets                                                               $ 14,009.8                                                                                                                                               $ 10,392.5  
                                                                     ======= ======== ====================                                                                                                                                         ===== ======== ====================
Interest-bearing liabilities
Interest-bearing deposits:
   Interest-bearing transaction accounts                                   $  1,037.6                                                 $     480                                                     0.19 %                                             $    805.0                                               $     354                                                 0.18 %
   Savings and money market                                                   5,014.1                                                     3,548                                                     0.28                                                  3,767.7                                                   2,789                                                 0.30
   Time certificates of deposit                                               1,701.9                                  1,709                                  0.40                               1,945.9                                2,102                              0.43  
                                                                     -------------------------------------                      ------------------------------------                      -------------- --------------------                      -----------------------------------                      ----------------------------------                      ---------- --------------------
Total interest-bearing deposits                                               7,753.6                                                     5,737                                                     0.30                                                  6,518.6                                                   5,245                                                 0.32
Short-term borrowings                                                           103.1                                                       144                                                     0.56                                                    170.3                                                   1,772                                                 4.16
Long-term debt                                                         --                                            --                                           --                                                    210.1                                                     542                                                 1.03
Qualifying debt                                                                 195.9                                  2,107                                  4.30                                  41.8                                  447                              4.28  
                                                                     -------------------------------------                      ------------------------------------                      -------------- --------------------                      -----------------------------------                      ----------------------------------                      ---------- --------------------
Total interest-bearing liabilities                                            8,052.6                                                     7,988                                                     0.40                                                  6,940.8                                                   8,006                                                 0.46
Non-interest-bearing liabilities
   Non-interest-bearing demand deposits                                       4,127.9                                                                                                                                                                     2,270.4
   Other liabilities                                                            208.5                                                                                                                                                                       133.6
Stockholders’ equity                               1,620.8                                                                                                                                                  1,047.7  
                                                                     -------------------------------------                                                                                                                                         -----------------------------------
Total liabilities and stockholders’ equity                                 $ 14,009.8                                                                                                                                               $ 10,392.5  
                                                                     ======= ======== ====================                                                                                                                                         ===== ======== ====================
Net interest income and margin                                                                                                        $ 143,343                                  4.67 %                                                                                                      $ 102,145                              4.44 %
                                                                                                                                ======= ======= ====================                                                                                                                                        ===== ======= ====================
Net interest spread                                                                                                                                                                                 4.52 %                                                                                                                                                                4.31 %
                                                                                                                                                                                                                                                                                                                                                                     
(1)   Yields on loans and securities have been adjusted to a tax
                         equivalent basis. The taxable-equivalent adjustment was $8,433 and
                         $6,489 for the three months ended December 31, 2015 and 2014,
                         respectively.
                                                                                                                                                                                                                                                        
Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
                                                                                                                                                                                                Year Ended December 31,
                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                          2015                                                                                                                                                                2014
                                                                     ----------------------------------------------------------------------------------------------------------------------------------------------                     ------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                    Average                                                Interest                                          Average Yield /                                          Average                                                Interest                                            Average Yield /
                                                                                    Balance                                                                                                       Cost                                                Balance                                                                                                         Cost
                                                                     ---------------------------------                        --------------------------------                        ---------------------------                       --------------------------------                        --------------------------------                        ------------------------------
                                                                                ($ in millions)                                        ($ in thousands)                                                                                           ($ in millions)                                        ($ in thousands)
Interest earning assets
   Loans (1)                                                             $  9,674.2                                               $ 476,417                                              5.18 %                                             $ 7,432.1                                               $ 370,922                                                 5.23 %
   Securities (1)                                                           1,675.8                                                  43,557                                              3.02                                                 1,607.7                                                  43,209                                                 3.10
   Other                                                                      272.0                                5,170                           1.90                                230.7                                2,248                              0.97  
                                                                     -----------------------------------                      ----------------------------------                      ------- --------------------                      ----------------------------------                      ----------------------------------                      ---------- --------------------
      Total interest earnings assets                                       11,622.0                                                 525,144                                              4.79                                                 9,270.5                                                 416,379                                                 4.76
Non-interest earning assets
   Cash and due from banks                                                    137.9                                                                                                                                                             133.7
   Allowance for credit losses                                               (115.0 )                                                                                                                                                          (106.1 )
   Bank owned life insurance                                                  152.3                                                                                                                                                             141.9
   Other assets                                                               623.6                                                                                                                                          451.1  
                                                                     -----------------------------------                                                                                                                                ----------------------------------
Total assets                                                             $ 12,420.8                                                                                                                                      $ 9,891.1  
                                                                     ===== ======== ====================                                                                                                                                ===== ======= ====================
Interest-bearing liabilities
Interest-bearing deposits:
   Interest bearing transaction accounts                                 $    983.9                                               $   1,736                                              0.18 %                                             $   793.1                                               $   1,522                                                 0.19 %
   Savings and money market                                                 4,470.2                                                  12,544                                              0.28                                                 3,616.8                                                  10,852                                                 0.30
   Time certificates of deposits                                            1,808.1                                7,515                           0.42                              1,758.3                                7,638                              0.43  
                                                                     -----------------------------------                      ----------------------------------                      ------- --------------------                      ----------------------------------                      ----------------------------------                      ---------- --------------------
Total interest-bearing deposits                                             7,262.2                                                  21,795                                              0.30                                                 6,168.2                                                  20,012                                                 0.32
Short-term borrowings                                                         185.2                                                   4,965                                              2.68                                                   173.2                                                   2,336                                                 1.35
Long-term debt                                                                 76.6                                                     801                                              1.05                                                   265.8                                                   7,384                                                 2.78
Qualifying debt                                                               120.2                                5,007                           4.17                                 42.3                                1,754                              4.15  
                                                                     -----------------------------------                      ----------------------------------                      ------- --------------------                      ----------------------------------                      ----------------------------------                      ---------- --------------------
Total interest-bearing liabilities                                          7,644.2                                                  32,568                                              0.43                                                 6,649.5                                                  31,486                                                 0.47
Non-interest-bearing liabilities
   Non-interest-bearing demand deposits                                     3,273.1                                                                                                                                                           2,153.7
   Other liabilities                                                          179.5                                                                                                                                                             123.8
Stockholders’ equity                             1,324.0                                                                                                                                          964.1  
                                                                     -----------------------------------                                                                                                                                ----------------------------------
Total liabilities and stockholders’ equity                               $ 12,420.8                                                                                                                                      $ 9,891.1  
                                                                     ===== ======== ====================                                                                                                                                ===== ======= ====================
Net interest income and margin                                                                                                    $ 492,576                           4.51 %                                                                                                     $ 384,893                              4.42 %
                                                                                                                              ===== ======= ====================                                                                                                                                ===== ======= ====================
Net interest spread                                                                                                                                                                      4.36 %                                                                                                                                                               4.29 %
                                                                                                                                                                                                                                                                                                                                                         
(1)    Yields on loans and securities have been adjusted to a tax
                          equivalent basis. The taxable-equivalent adjustment was $31,883 and
                          $24,571 for the years ended December 31, 2015 and 2014, respectively.
                                                                                                                                                                                                                                                                                                                          
Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
                                                      
Balance Sheets:
                                                                                         Arizona                                                   Nevada                                                   Southern                                                  Northern                                                       Central                                                     Corporate                                                Consolidated
                                                                                                                                                                                                           California                                                California                                                     Business                                                      & Other                                                    Company
                                                                                                                                                                                                                                                                                                                                      Lines
                                                                          ----------------------------------                        ----------------------------------                        ----------------------------------                        ----------------------------------                        -----------------------------------------                        ----------------------------------                        -----------------------------------
At December 31, 2015                                                                                                                                                                                                                                                (dollars in millions)
Assets:
   Cash, cash equivalents, and investment securities                            $     2.3                                                 $     9.5                                                 $     2.4                                                 $     2.4                                                 $ --                                                 $ 2,250.2                                                 $  2,266.8
   Loans, net of deferred loan fees and costs                                     2,811.7                                                   1,737.2                                                   1,761.9                                                   1,188.4                                                          3,597.9                                                      39.6                                                   11,136.7
      Less: allowance for credit losses                                             (30.1 )                                                   (18.6 )                                                   (18.8 )                                                   (12.7 )                                                          (38.5 )                                                    (0.4 )                                                   (119.1 )
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
         Total loans                                                              2,781.6                                1,718.6                                1,743.1                                1,175.7                                       3,559.4                                   39.2                                11,017.6  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
   Other assets acquired through foreclosure, net                                     8.4                                                      20.8                                            --                                                       0.3                                                   --                                                      14.4                                                       43.9
   Goodwill and other intangible assets, net                               --                                                      24.8                                            --                                                     158.2                                                            122.4                                            --                                                      305.4
   Other assets                                                                      43.9                                   62.3                                   15.7                                   16.1                                          28.4                                  475.0                                   641.4  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
      Total assets                                                              $ 2,836.2                              $ 1,836.0                              $ 1,761.2                              $ 1,352.7                              $        3,710.2                              $ 2,778.8                              $ 14,275.1  
                                                                          ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ============== ====================                      ======= ======= ====================                      ======= ======== ====================
Liabilities:
   Deposits                                                                     $ 2,880.7                                                 $ 3,382.8                                                 $ 1,902.5                                                 $ 1,541.1                                                 $        2,134.4                                                 $   189.1                                                 $ 12,030.6
   Borrowings and qualifying debt                                          --                                            --                                            --                                            --                                                   --                                                     360.3                                                      360.3
   Other liabilities                                                                 12.2                                   29.0                                    7.8                                   11.2                                         105.1                                  127.4                                   292.7  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
      Total liabilities                                                           2,892.9                                3,411.8                                1,910.3                                1,552.3                                       2,239.5                                  676.8                                12,683.6  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
Allocated equity:                                                                   309.2                                  244.4                                  191.3                                  293.2                                         428.6                                  124.8                                 1,591.5  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
Total liabilities and stockholders’ equity                                      $ 3,202.1                              $ 3,656.2                              $ 2,101.6                              $ 1,845.5                              $        2,668.1                              $   801.6                              $ 14,275.1  
                                                                          ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ============== ====================                      ======= ======= ====================                      ======= ======== ====================
Excess funds provided (used)                                                        365.9                                                   1,820.2                                                     340.4                                                     492.8                                                         (1,042.1 )                                                (1,977.2 )                                           --
                                                                                                                                                                                                                                                                                                                                                                                                                                              
No. of offices                                                                         11                                                        18                                                         9                                                         2                                                                7                                            --                                                         47
No. of full-time equivalent employees                                                 180                                                       228                                                       161                                                       171                                                              123                                                       583                                                      1,446
                                                                                                                                                                                                                                                                                                                                                                                                                                              
At December 31, 2014
Assets:
   Cash, cash equivalents, and investment securities                            $     2.3                                                 $     5.0                                                 $     2.2                                                 $     0.3                                                 $ --                                                 $ 1,702.4                                                 $  1,712.2
   Loans, net of deferred loan fees and costs                                     2,341.9                                                   1,668.7                                                   1,553.1                                                     198.6                                                          2,590.0                                                      46.0                                                    8,398.3
      Less: allowance for credit losses                                             (30.7 )                                                   (21.9 )                                                   (17.9 )                                                    (5.1 )                                                          (34.0 )                                                    (0.6 )                                                   (110.2 )
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
         Total loans                                                              2,311.2                                1,646.8                                1,535.2                                  193.5                                       2,556.0                                   45.4                                 8,288.1  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
   Other assets acquired through foreclosure, net                                    15.5                                                      21.0                                            --                                            --                                                   --                                                      20.6                                                       57.1
   Goodwill and other intangible assets, net                               --                                                      25.9                                            --                                            --                                                   --                                            --                                                       25.9
   Other assets                                                                      34.8                                   64.2                                    6.2                                   15.3                                          22.9                                  373.8                                   517.2  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
      Total assets                                                              $ 2,363.8                              $ 1,762.9                              $ 1,543.6                              $   209.1                              $        2,578.9                              $ 2,142.2                              $ 10,600.5  
                                                                          ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ============== ====================                      ======= ======= ====================                      ======= ======== ====================
Liabilities:
   Deposits                                                                     $ 2,178.0                                                 $ 3,230.6                                                 $ 1,744.5                                                 $   584.0                                                 $          946.6                                                 $   247.3                                                 $  8,931.0
   Other borrowings                                                        --                                            --                                            --                                            --                                                   --                                                     390.3                                                      390.3
   Other liabilities                                                                 17.4                                   40.8                                    8.9                                    0.2                                          72.4                                  138.6                                   278.3  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
      Total liabilities                                                           2,195.4                                3,271.4                                1,753.4                                  584.2                                       1,019.0                                  776.2                                 9,599.6  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
Allocated equity:                                                                   250.8                                  209.0                                   70.9                                  126.8                                         232.9                                  110.5                                 1,000.9  
                                                                          ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------------------                      ------------------------------------                      -------------------------------------
Total liabilities and stockholders’ equity                                      $ 2,446.2                              $ 3,480.4                              $ 1,824.3                              $   711.0                              $        1,251.9                              $   886.7                              $ 10,600.5  
                                                                          ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ============== ====================                      ======= ======= ====================                      ======= ======== ====================
Excess funds provided (used)                                                         82.4                                                   1,717.5                                                     280.7                                                     501.9                                                         (1,327.0 )                                                (1,255.5 )                                           --
                                                                                                                                                                                                                                                                                                                                                                                                                                              
No. of offices                                                                         11                                                        18                                                         9                                                         2                                                   --                                            --                                                         40
No. of full-time equivalent employees                                                 215                                                       295                                                       198                                                        29                                                               99                                                       295                                                      1,131
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                           
Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
                                                                    
Income Statements:
                                                                                                     Arizona                                               Nevada                                               Southern                                             Northern                                              Central                                                Corporate                                               Consolidated
                                                                                                                                                                                                               California                                           California                                            Business                                                 & Other                                                   Company
                                                                                                                                                                                                                                                                                                                            Lines
                                                                                        ------------------------------                        ------------------------------                        -----------------------------                        -----------------------------                        ------------------------------                        ----------------------------------                        ---------------------------------
                                                                                                                                                                                                                                                                      (in thousands)
Three Months Ended December 31, 2015:
   Net interest income (expense)                                                          $  35,918                                             $  32,052                                             $ 23,879                                             $ 23,017                                             $  39,133                                                 $ (10,656 )                                              $ 143,343
   Provision for credit losses                                                                  977                             (1,712 )                                                328                             1,162                              1,745                         --                                 2,500  
                                                                                        --------------------------------                      --------------------------------                      -------------------------------                      -------------------------------                      --------------------------------                      ------------------------------------                      -----------------------------------
   Net interest income (expense) after provision for credit losses                           34,941                                                33,764                                               23,551                                               21,855                                                37,388                                                   (10,656 )                                                140,843
   Non-interest income                                                                        1,295                                                 2,350                                                  596                                                2,355                                                 1,638                                                     1,245                                                    9,479
   Non-interest expense                                                                     (15,396 )                                             (14,533 )                                            (12,162 )                                            (13,385 )                                             (13,881 )                                                  (3,091 )                                                (72,448 )
                                                                                        --------------------------------                      --------------------------------                      -------------------------------                      -------------------------------                      --------------------------------                      ------------------------------------                      -----------------------------------
   Income (loss) from continuing operations before income taxes                              20,840                                                21,581                                               11,985                                               10,825                                                25,145                                                   (12,502 )                                                 77,874
   Income tax expense (benefit)                                                               8,175                              7,553                             5,040                             4,551                              9,429                                (15,400 )                                                 19,348  
                                                                                        --------------------------------                      --------------------------------                      -------------------------------                      -------------------------------                      --------------------------------                      ------------------------------------                      -----------------------------------
Net income                                                                                $  12,665                          $  14,028                          $  6,945                          $  6,274                          $  15,716                              $   2,898                             $  58,526  
                                                                                        === ======= ====================                      === ======= ====================                      === ====== ====================                      === ====== ====================                      === ======= ====================                      ======= ======= ====================                      ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                               
Year Ended December 31, 2015:
   Net interest income (expense)                                                          $ 129,914                                             $ 122,082                                             $ 94,585                                             $ 56,698                                             $ 124,222                                                 $ (34,925 )                                              $ 492,576
   Provision for (recovery of) credit losses                                                  3,099                             (6,887 )                                                152                             3,038                              3,917                                   (119 )                                                  3,200  
                                                                                        --------------------------------                      --------------------------------                      -------------------------------                      -------------------------------                      --------------------------------                      ------------------------------------                      -----------------------------------
   Net interest income (expense) after provision for credit losses                          126,815                                               128,969                                               94,433                                               53,660                                               120,305                                                   (34,806 )                                                489,376
   Non-interest income                                                                        4,204                                                 9,202                                                2,697                                                5,161                                                 4,110                                                     4,394                                                   29,768
   Non-interest expense                                                                     (59,917 )                                             (59,553 )                                            (47,549 )                                            (30,161 )                                             (45,831 )                                                 (17,595 )                                               (260,606 )
                                                                                        --------------------------------                      --------------------------------                      -------------------------------                      -------------------------------                      --------------------------------                      ------------------------------------                      -----------------------------------
   Income (loss) from continuing operations before income taxes                              71,102                                                78,618                                               49,581                                               28,660                                                78,584                                                   (48,007 )                                                258,538
   Income tax expense (benefit)                                                              27,893                             27,516                            20,849                            12,051                             29,469                                (53,484 )                                                 64,294  
                                                                                        --------------------------------                      --------------------------------                      -------------------------------                      -------------------------------                      --------------------------------                      ------------------------------------                      -----------------------------------
Net income                                                                                $  43,209                          $  51,102                          $ 28,732                          $ 16,609                          $  49,115                              $   5,477                             $ 194,244  
                                                                                        === ======= ====================                      === ======= ====================                      === ====== ====================                      === ====== ====================                      === ======= ====================                      ======= ======= ====================                      ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                             
Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
                                                                    
Income Statements:
                                                                                                       Arizona                                                   Nevada                                                   Southern                                                  Northern                                                   Central                                                Corporate                                             Consolidated
                                                                                                                                                                                                                         California                                                California                                                 Business                                                 & Other                                                 Company
                                                                                                                                                                                                                                                                                                                                                Lines
                                                                                        ----------------------------------                        ----------------------------------                        ----------------------------------                        ----------------------------------                        ----------------------------------                        ------------------------------                        ---------------------------------
                                                                                                                                                                                                                                                                               (in thousands)
Three Months Ended December 31, 2014:
   Net interest income (expense)                                                              $  27,892                                                 $  29,674                                                 $  24,480                                                 $   2,419                                                 $  21,959                                             $  (4,279 )                                              $ 102,145
   Provision for (recovery of) credit losses                                                        192                                 (1,607 )                                                    (717 )                                          --                                  2,434                                 (2 )                                                    300  
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
   Net interest income (expense) after provision for credit losses                               27,700                                                    31,281                                                    25,197                                                     2,419                                                    19,525                                                (4,277 )                                                101,845
   Non-interest income                                                                            1,102                                                     2,434                                                     1,051                                                        79                                                       504                                                 3,247                                                    8,417
   Non-interest expense                                                                         (14,698 )                                                 (14,805 )                                                 (13,103 )                                                  (1,085 )                                                  (8,179 )                                              (3,872 )                                                (55,742 )
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
   Income (loss) from continuing operations before income taxes                                  14,104                                                    18,910                                                    13,145                                                     1,413                                                    11,850                                                (4,902 )                                                 54,520
   Income tax expense (benefit)                                                                   5,532                                  6,617                                  5,527                                    594                                  4,444                             (8,603 )                                                 14,111  
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
Net income                                                                                    $   8,572                              $  12,293                              $   7,618                              $     819                              $   7,406                          $   3,701                             $  40,409  
                                                                                        ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      === ======= ====================                      ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Year Ended December 31, 2014:
   Net interest income (expense)                                                              $ 112,128                                                 $ 117,508                                                 $  91,090                                                 $   9,133                                                 $  71,010                                             $ (15,976 )                                              $ 384,893
   Provision for (recovery of) credit losses                                                      2,083                                 (7,542 )                                                  (1,638 )                                          --                                 11,365                                458                                 4,726  
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
   Net interest income (expense) after provision for credit losses                              110,045                                                   125,050                                                    92,728                                                     9,133                                                    59,645                                               (16,434 )                                                380,167
   Non-interest income                                                                            3,586                                                     8,944                                                     3,917                                                       184                                                     1,742                                                 6,278                                                   24,651
   Non-interest expense                                                                         (54,859 )                                                 (59,683 )                                                 (49,764 )                                                  (3,857 )                                                 (27,804 )                                             (11,352 )                                               (207,319 )
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
   Income (loss) from continuing operations before income taxes                                  58,772                                                    74,311                                                    46,881                                                     5,460                                                    33,583                                               (21,508 )                                                197,499
   Income tax expense (benefit)                                                                  23,053                                 26,009                                 19,711                                  2,296                                 12,594                            (35,273 )                                                 48,390  
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
   Income from continuing operations                                                             35,719                                                    48,302                                                    27,170                                                     3,164                                                    20,989                                                13,765                                                  149,109
   Loss from discontinued operations, net                                                --                         --                         --                         --                         --                             (1,158 )                                                 (1,158 )
                                                                                        ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      --------------------------------                      -----------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Net income                                                                                    $  35,719                              $  48,302                              $  27,170                              $   3,164                              $  20,989                          $  12,607                             $ 147,951  
                                                                                        ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      === ======= ====================                      ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                   
Western Alliance Bancorporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures
Unaudited
                                                                                                                                                                                                                                                                                                                                                    
Pre-Tax, Pre-Provision Operating Earnings by Quarter:
                                                                                                                                                                                                                                    Three Months Ended
                                                                                                ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                              Dec 31, 2015                                                 Sep 30, 2015                                                Jun 30, 2015                                                 Mar 31, 2015                                                 Dec 31, 2014
                                                                                                ----------------------------------------                     ----------------------------------------                     ---------------------------------------                     ----------------------------------------                     ----------------------------------------
                                                                                                                                                                                                                                      (in thousands)
Total non-interest income                                                                             $      9,479                                                 $      8,502                                                $      5,545                                                 $      6,242                                                 $      8,417
   Less:
      Gains (losses) on sales of investment securities, net                                                     33                                                          (62 )                                                        55                                                          589                                                          373
      Unrealized gains (losses) on assets and liabilities measured at fair                                      10                                                           47                                                         (10 )                                             --                                                        1,357
      value, net
      Loss on extinguishment of debt                                                                --                            --                                      (81 )                                             --                            --  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Total operating non-interest income                                                                          9,436                                                        8,517                                                       5,581                                                        5,653                                                        6,687
   Plus: net interest income                                                                               143,343                                   137,407                                  108,718                                   103,108                                   102,145  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Net operating revenue (1)                                                                             $    152,779                              $    145,924                             $    114,299                              $    108,761                              $    108,832  
                                                                                                ======= ========== ====================                      ======= ========== ====================                      ====== ========== ====================                      ======= ========== ====================                      ======= ========== ====================
                                                                                                                                                                                                                                                                                                                                                    
Total non-interest expense                                                                            $     72,448                                                 $     72,916                                                $     61,209                                                 $     54,033                                                 $     55,742
   Less:
      Net (gain) loss on sales and valuations of repossessed and other                                        (397 )                                                       (104 )                                                    (1,218 )                                                       (351 )                                                     (1,102 )
      assets
      Acquisition / restructure expense                                                             --                                       835                                    7,842                                       159                            --  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Total operating non-interest expense (1)                                                              $     72,845                              $     72,185                             $     54,585                              $     54,225                              $     56,844  
                                                                                                ======= ========== ====================                      ======= ========== ====================                      ====== ========== ====================                      ======= ========== ====================                      ======= ========== ====================
                                                                                                                                                                                                                                                                        
                                                                                                ----------------------------------------                     ----------------------------------------                     ---------------------------------------                     ----------------------------------------                     ----------------------------------------
Pre-tax, pre-provision operating earnings (2)                                                         $     79,934                              $     73,739                             $     59,714                              $     54,536                              $     51,988  
                                                                                                ======= ========== ====================                      ======= ========== ====================                      ====== ========== ====================                      ======= ========== ====================                      ======= ========== ====================
                                                                                                                                                                                                                                                                                                                                                    
Tangible Common Equity:
                                                                                                              Dec 31, 2015                                                 Sep 30, 2015                                                Jun 30, 2015                                                 Mar 31, 2015                                                 Dec 31, 2014
                                                                                                ----------------------------------------                     ----------------------------------------                     ---------------------------------------                     ----------------------------------------                     ----------------------------------------
                                                                                                                                                                                                                             (dollars and shares in thousands)
Total stockholders’ equity                                                                            $  1,591,502                                                 $  1,583,698                                                $  1,514,744                                                 $  1,051,330                                                 $  1,000,928
   Less: goodwill and intangible assets                                                                    305,354                                   305,767                                  299,975                                    25,632                                    25,913  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Total tangible stockholders’ equity                                                                      1,286,148                                                    1,277,931                                                   1,214,769                                                    1,025,698                                                      975,015
   Less: preferred stock                                                                            --                                    70,500                                   70,500                                    70,500                                    70,500  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Total tangible common equity                                                                             1,286,148                                                    1,207,431                                                   1,144,269                                                      955,198                                                      904,515
   Plus: deferred tax - attributed to intangible assets                                                      6,093                                     6,290                                    6,515                                       903                                     1,006  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Total tangible common equity, net of tax                                                              $  1,292,241                              $  1,213,721                             $  1,150,784                              $    956,101                              $    905,521  
                                                                                                ======= ========== ====================                      ======= ========== ====================                      ====== ========== ====================                      ======= ========== ====================                      ======= ========== ====================
Total assets                                                                                          $ 14,275,089                                                 $ 13,955,570                                                $ 13,470,104                                                 $ 11,251,943                                                 $ 10,600,498
   Less: goodwill and intangible assets, net                                                               305,354                                   305,767                                  299,975                                    25,632                                    25,913  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Tangible assets                                                                                         13,969,735                                                   13,649,803                                                  13,170,129                                                   11,226,311                                                   10,574,585
   Plus: deferred tax - attributed to intangible assets                                                      6,093                                     6,290                                    6,515                                       903                                     1,006  
                                                                                                ---------------------------------------                      ---------------------------------------                      --------------------------------------                      ---------------------------------------                      ---------------------------------------
Total tangible assets, net of tax                                                                     $ 13,975,828                              $ 13,656,093                             $ 13,176,644                              $ 11,227,214                              $ 10,575,591  
                                                                                                ======= ========== ====================                      ======= ========== ====================                      ====== ========== ====================                      ======= ========== ====================                      ======= ========== ====================
Tangible common equity ratio (3)                                                                               9.2 %                                                        8.9 %                                                       8.7 %                                                        8.5 %                                                        8.6 %
Common shares outstanding                                                                                  103,087                                                      102,305                                                     102,291                                                       89,180                                                       88,691
Tangible book value per share, net of tax (4)                                                         $      12.54                                                 $      11.86                                                $      11.25                                                 $      10.72                                                 $      10.21
                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                          
Western Alliance Bancorporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures
Unaudited
                                                          
Efficiency Ratio by Quarter:
                                                                                                                                                                                                            Three Months Ended
                                                                              ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                           Dec 31, 2015                                               Sep 30, 2015                                              Jun 30, 2015                                              Mar 31, 2015                                              Dec 31, 2014
                                                                              --------------------------------------                     --------------------------------------                     -------------------------------------                     ------------------------------------                     --------------------------------------
                                                                                                                                                                                                              (in thousands)
Total operating non-interest expense                                              $     72,845                                               $     72,185                                              $     54,585                                              $    54,225                                                $    56,844
   Divided by:
      Total net interest income                                                        143,343                                                    137,407                                                   108,718                                                  103,108                                                    102,145
   Plus:
      Tax equivalent interest adjustment                                                 8,433                                                      8,183                                                     7,878                                                    7,389                                                      6,489
      Operating non-interest income                                                      9,436                                   8,517                                  5,581                                 5,653                                   6,687  
                                                                              -------------------------------------                      -------------------------------------                      ------------------------------------                      -----------------------------------                      -------------------------------------
                                                                                  $    161,212                            $    154,107                           $    122,177                           $   116,150                             $   115,321  
                                                                              ===== ========== ====================                      ===== ========== ====================                      ==== ========== ====================                      ==== ========= ====================                      ====== ========= ====================
Efficiency ratio - tax equivalent basis (5)                                               45.2 %                                                     46.8 %                                                    44.7 %                                                   46.7 %                                                     49.3 %
                                                                                                                                                                                                                                                                                                                        
Allowance for Credit Losses, Adjusted for Acquisition
Accounting:
                                                                                                                                                                                                                                                                                                                        
                                                                                           Dec 31, 2015                                               Sep 30, 2015                                              Jun 30, 2015                                              Mar 31, 2015                                              Dec 31, 2014
                                                                              --------------------------------------                     --------------------------------------                     -------------------------------------                     ------------------------------------                     --------------------------------------
                                                                                                                                                                                                              (in thousands)
Allowance for credit losses                                                       $    119,068                                               $    117,072                                              $    115,056                                              $   112,098                                                $   110,216
Plus: remaining credit marks
   Acquired performing loans                                                            12,154                                                     14,299                                                    16,405                                                    2,150                                                      2,335
   Purchased credit impaired loans                                                       8,491                                  11,347                                  8,643                                 8,770                                   9,279  
                                                                              -------------------------------------                      -------------------------------------                      ------------------------------------                      -----------------------------------                      -------------------------------------
Adjusted allowance for credit losses                                              $    139,713                            $    142,718                           $    140,104                           $   123,018                             $   121,830  
                                                                              ===== ========== ====================                      ===== ========== ====================                      ==== ========== ====================                      ==== ========= ====================                      ====== ========= ====================
                                                                                                                                                                                                                                                                                                                        
Gross loans held for investment and deferred fees, net                            $ 11,112,854                                               $ 10,763,939                                              $ 10,321,221                                              $ 8,818,554                                                $ 8,398,265
Plus: remaining credit marks
   Acquired performing loans                                                            12,154                                                     14,299                                                    16,405                                                    2,150                                                      2,335
   Purchased credit impaired loans                                                       8,491                                  11,347                                  8,643                                 8,770                                   9,279  
                                                                              -------------------------------------                      -------------------------------------                      ------------------------------------                      -----------------------------------                      -------------------------------------
Adjusted loans, net of deferred fees and costs                                    $ 11,133,499                            $ 10,789,585                           $ 10,346,269                           $ 8,829,474                             $ 8,409,879  
                                                                              ===== ========== ====================                      ===== ========== ====================                      ==== ========== ====================                      ==== ========= ====================                      ====== ========= ====================
                                                                                                                                                                                                                                                                                                                        
Allowance for credit losses to gross loans                                                1.07 %                                                     1.09 %                                                    1.11 %                                                   1.27 %                                                     1.31 %
Allowance for credit losses to gross loans, adjusted for                                  1.25                                                       1.32                                                      1.35                                                     1.39                                                       1.45
acquisition accounting (6)
                                                                                                                                                                                                                                                                                                                                         
                                                                        
Western Alliance Bancorporation and Subsidiaries                                             
Reconciliation of Non-GAAP Financial Measures
Unaudited
                                                                                             
Regulatory Capital:
                                                                                         Basel III
                                                                                            -------------------------------------
                                                                                     December 31, 2015
                                                                                            -------------------------------------
                                                                                                         (in thousands)
Common Equity Tier 1:
   Common equity                                                                                  $  1,591,502
      Less:
         Accumulated other comprehensive income                                                         22,260
         Non-qualifying goodwill and intangibles                                                       293,487
         Disallowed unrealized losses on equity securities                                      --
         Disallowed deferred tax asset                                                                   5,001  
                                                                                            ---------------------------------------
   Common equity Tier 1 (regulatory) (7) (10)                                                     $  1,270,754  
                                                                                            ======= ========== ====================
                                                                                             
   Plus:
      Trust preferred securities                                                                        81,500
      Preferred stock                                                                           --
   Less:
      Disallowed deferred tax asset                                                                      7,501  
                                                                                            ---------------------------------------
   Tier 1 capital (8) (10)                                                                        $  1,344,753  
                                                                                            ======= ========== ====================
                                                                                             
                                                                                                  $ 13,324,571
      Divided by: estimated risk-weighted assets (regulatory) (8) (10)
                                                                                             
   Common equity Tier 1 ratio (8) (10)                                                                     9.5 %
                                                                                             
Total Capital:
   Tier 1 capital (regulatory) (7) (10)                                                           $  1,344,753
      Plus:
         Subordinated debt                                                                             140,097
         Qualifying allowance for credit losses                                                        119,068
         Other                                                                                           3,296
      Less: Tier 2 qualifying capital deductions                                                --  
                                                                                            ---------------------------------------
   Tier 2 capital                                                                                 $    262,461  
                                                                                            ======= ========== ====================
                                                                                             
                                                                                            ----------------------------------------
   Total capital                                                                                  $  1,607,214  
                                                                                            ======= ========== ====================
                                                                                             
Classified asset to common equity Tier 1 plus allowance:
   Classified assets                                                                              $    221,126
   Divided by:
      Common equity Tier 1 (regulatory) (7) (10)                                                     1,270,754
      Plus: Allowance for credit losses                                                                119,068  
                                                                                            ---------------------------------------
   Total Common equity Tier 1 plus allowance for credit losses                                    $  1,389,822  
                                                                                            ======= ========== ====================
                                                                                             
Classified assets to common equity Tier 1 plus allowance (9) (10)                                           16 %
                                                                                                                
 (1)   We believe these non-GAAP measurements provide a useful indication
                          of the cash generating capacity of the Company.
 (2)                      We believe this non-GAAP measurement is a key indicator of the
                          earnings power of the Company.
 (3)                      We believe these non-GAAP ratios provide an important metric with
                          which to analyze and evaluate financial condition and capital
                          strength.
 (4)                      We believe this non-GAAP measurement improves the comparability to
                          other institutions that have not engaged in acquisitions that
                          resulted in recorded goodwill and other intangibles.
 (5)                      We believe this non-GAAP ratio provides a useful metric to measure
                          the operating efficiency of the Company.
 (6)                      We believe this non-GAAP ratio is a useful metric in understanding
                          the Company’s total allowance for credit losses, adjusted for
                          acquisition accounting, as under U.S. GAAP, a company’s allowance
                          for credit losses is not carried over in an acquisition, rather
                          these loans are shown as being purchased at a discount that factors
                          in expected future credit losses.
 (7)                      Under the current guidelines of the Federal Reserve and the Federal
                          Deposit Insurance Corporation, common equity Tier 1 capital consists
                          of common stock, retained earnings, and minority interests in
                          certain subsidiaries, less most other intangible assets.
 (8)                      Common equity Tier 1 is often expressed as a percentage of
                          risk-weighted assets. Under the risk-based capital framework, a
                          bank’s balance sheet assets and credit equivalent amounts of
                          off-balance sheet items are assigned to one of the risk categories
                          defined under new capital guidelines. The aggregated dollar amount
                          in each category is then multiplied by the risk weighting assigned
                          to that category. The resulting weighted values from each category
                          are added together and this sum is the risk-weighted assets total
                          that, as adjusted, comprises the denominator (risk-weighted assets)
                          to determine the common equity Tier 1 ratio. Common equity Tier 1 is
                          divided by the risk-weighted assets to determine the common equity
                          Tier 1 ratio. We believe this non-GAAP ratio provides an important
                          metric with which to analyze and evaluate financial condition and
                          capital strength.
 (9)                      We believe this non-GAAP ratio provides an important regulatory
                          metric to analyze asset quality.
(10)                      Current quarter is preliminary until Call Reports are filed.
                           

Supplemental Schedule

The following table presents the impact of the Company’s election to early adopt an element of ASU 2016-01 issued by the FASB in January 2016 related to changes in the fair value of a liability resulting from a change in the instrument-specific credit risk when the fair value option for financial instruments has been elected and its retrospective application for the periods indicated. The cumulative effect of adoption of this guidance at January 1, 2015 was a decrease to retained earnings of $16.3 million and a corresponding increase to other comprehensive income.

                                                                                                    
                                                                                      Sep 30, 2015                        Jun 30, 2015                             Mar 31, 2015
                                                                                      -------------                     -----------------                     ----------------------
                                                                                                                               (in millions)
Consolidated Balance Sheet:
   Stockholders’ equity
      Accumulated other comprehensive income
         As previously reported                                                          $   20.6                          $   15.3                                    $       23.4
         As reported under new guidance                                                      35.3                              26.7                                            39.5
      Retained earnings
         As previously reported                                                             218.9                             159.9                                           125.5
         As reported under new guidance                                                     204.2                             148.5                                           109.4
                                                                                                                                                               
                                                                                                                            Three Months Ended
                                                                                      ----------------------------------------------------------------------------------------------
                                                                                      Sep 30, 2015                        Jun 30, 2015                             Mar 31, 2015
                                                                                      -------------                     -----------------                     ----------------------
                                                                                                                   (in thousands, except per share data)
Consolidated Income Statement:
   Non-interest income
      As previously reported                                                             $ 13,826                          $ (2,191 )                                  $      5,933
      As reported under new guidance                                                        8,502                             5,545                                           6,242
   Income tax expense
      As previously reported                                                               19,183                            10,599                                          14,118
      As reported under new guidance                                                       17,133                            13,579                                          14,234
                                                                                                                                                               
   Net income
      As previously reported                                                               59,134                            34,719                                          40,190
      As reported under new guidance                                                       55,860                            39,475                                          40,383
   Net income available to common shareholders
      As previously reported                                                               58,958                            34,472                                          40,014
      As reported under new guidance                                                       55,684                            39,228                                          40,207
   Earnings per share applicable to common shareholders--basic
      As previously reported                                                                 0.59                              0.39                                            0.46
      As reported under new guidance                                                         0.55                              0.44                                            0.46
   Earnings per share applicable to common shareholders--diluted
      As previously reported                                                                 0.58                              0.39                                            0.45
      As reported under new guidance                                                         0.55                              0.44                                            0.45
                                                                                                                                                               

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SOURCE: Western Alliance Bancorporation

Western Alliance Bancorporation 
Dale Gibbons, 602-952-5476


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