Western Alliance Bancorporation 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Western Alliance Bancorporation on October 26, 2022. The filing reports on corporate actions taken by the Board of Directors on the same date regarding the declaration of quarterly cash dividends for both common and preferred stockholders.
Key Financial Metrics
The filing does not provide comprehensive financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.36 per share.
- Preferred Stock Dividend (Series A): $106.25 per share (equivalent to $0.265625 per depositary share).
Material Changes
The filing does not disclose material changes to financial performance, operational results, or balance sheet items compared to prior periods. The primary event is the Board's decision to declare dividends.
Guidance, Outlook, and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It strictly reports the dividend declaration details and payment schedules.
Key Facts for Investor Verification
- Common Dividend Record Date: November 18, 2022.
- Common Dividend Payment Date: December 2, 2022.
- Preferred Dividend Record Date: December 20, 2022.
- Preferred Dividend Payment Date: December 30, 2022.
- Dividend Amounts: Verify the $0.36 common and $106.25 preferred (per share) declarations against prior quarter announcements to assess dividend policy trends.