SEC Filing Summary: Western Alliance Bancorporation (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Western Alliance Bancorporation on October 30, 2023. The report details 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 statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.37 per share.
- Preferred Stock Dividend (Series A): $106.25 per share (equivalent to $0.265625 per depositary share).
Material Changes
The filing does not contain comparative financial data or analysis of material changes versus prior periods. It solely reports the new dividend declarations.
Guidance, Outlook, and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or discussion of unusual items beyond the dividend announcements.
Investor Verification Checklist
- Record Dates: Verify ownership status by November 17, 2023, for common stock and December 15, 2023, for preferred stock to receive the declared dividends.
- Payment Dates: Confirm dividend receipt on December 1, 2023 (common) and December 30, 2023 (preferred).
- Dividend Yield: Calculate current yield based on the $0.37 common dividend against the prevailing market price.
- Full Financials: Refer to the most recent 10-Q or 10-K for comprehensive revenue, earnings, and liquidity data, as this 8-K does not include them.