Western Alliance Bancorporation (WAL) 2019年年度报告「NYSE」.pdf

1、Western Alliance Bank Annual Report 201901Dear Fellow Shareholders,As I write,coronavirus(COVID-19)is making an unprecedented impact in the United States and around the world.This requires that all of us at Western Alliance apply our considerable expertise and energy to supporting our clients,caring

2、 for our communities and helping our people navigate through this challenging time.While the current crisis is unlike any other,we arrive here uniquely prepared to address whats ahead.Western Alliance achieved a record-breaking year in 2019,reaching a number of milestones$27 billion in assets,indust

3、ry-leading performance in all key financial metrics,robust capital and liquidity levels,and high-profile industry awards all due,we believe,to our talented and entrepreneurial people.Kenneth A.Vecchione President and Chief Executive Officer02Our experiences steering through the financial crisis of 2

4、008 have helped prepare us for todays challenges.In the interim,we have expanded our organizations strengths,including higher capital ratios,ample liquidity,and asset quality that is strong and stable due to lower loan-to-value ratios.At year-end 2019,the bank had$3.3 billion in total regulatory cap

5、ital and tangible common equity of more than 10%among the highest in the banking industry.Importantly,our robust and diverse deposit sources support our capital position and have helped create a sustainable balance sheet.Finally,in the years since 2008,our bank now lends primarily to companies that

6、are themselves stronger and better positioned for the current crisis,with greater liquidity and capitalization.Another key strength of our bank is our seasoned and invested leadership team,many of whom played key roles at Western Alliance in working through the major impacts of the last recession.Ri