Western Alliance Bancorp. in Phoenix continues to bounce back from a turbulent time in the wake of high-profile bank failures.
The $71 billion-asset company said in an investor presentation that it has added more than $2 billion of deposits in the second quarter, with $49.6 billion on its balance sheet. That represents a roughly 4% increase.
Western Alliance also noted that about 79% of its deposits are insured, an improvement from 68% at the end of March.
The tangible common equity ratio has ticked up from 6.5% on March 31 to 6.7% at the end of April, a result of asset sales. The company said it is on track to sell about half of the $6 billion of loans it moved to held-for-sale status in the first quarter.
Finally, on-balance sheet cash has increased by 37% since the end of the first quarter, to $2.6 billion.