What does operating segments — other foreclosed assets mean?

The value of property taken over by a business segment due to loan defaults.

How do you interpret operating segments — other foreclosed assets?

Lower levels are better, as higher levels indicate increased loan defaults and potential future losses on asset sales.

How does operating segments — other foreclosed assets compare across companies?

Comparable to OREO (Other Real Estate Owned) or foreclosed asset metrics in bank financial disclosures.

Western Alliance Bancorporation WAL Operating Segments — Other Foreclosed Assets

Discontinued — last reported Q2 '18

Similar metrics at other companies

RCOther State — Real Estate Acquired Through Foreclosure Excluding Vie

$783K+106%

LENAll Other Segments — Real Estate Acquired Through Foreclosure Heldforsale

$2.94M—

RCMO — Real Estate Acquired Through Foreclosure Excluding Vie

$2.53M—

LENFinancial Services — Real estate owned

$0—

LENLennar Other — Real Estate Acquired Through Foreclosure Heldforsale

$2.03M-92.1%

EWBCLoans transferred to OREO or other foreclosed assets

$8.38M—

Other financials

Income statement

See full

Revenue$1.0B+31.0%

Net income$182.1M-8.5%

EPS (diluted)$1.65-7.8%

Balance sheet

See full

Cash & equivalents$8.6B+161%

Total debt$4.7B+73.9%

Total equity$7.6B+10.0%

Total assets$98.9B+19.0%

Cash flow

See full

Operating cash flow-$507.2M+69.3%

CapEx$24.2M+45.8%

Free cash flow-$531.4M+68.2%

Valuation

See full

Market cap$8.73B-8.3%

Enterprise value$4.85B-50.5%

P/E9.2×-2.6×

P/S2.3×-0.7×

Profitability

See full

Net margin25.2%0.0pp

FCF margin-43.7%-17.4pp

Returns & leverage

See full

Return on equity13.1%+0.7pp

Debt / equity0.6×+0.2×

Where this comes from

Reported directly by Western Alliance Bancorporation in its filing.

Tagged under the XBRL concept us-gaap:OtherForeclosedAssets.

The official record: Western Alliance Bancorporation’s 10-Q, filed July 31, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — other foreclosed assets mean?: The value of property taken over by a business segment due to loan defaults.
How do you interpret operating segments — other foreclosed assets?: Lower levels are better, as higher levels indicate increased loan defaults and potential future losses on asset sales.
How does operating segments — other foreclosed assets compare across companies?: Comparable to OREO (Other Real Estate Owned) or foreclosed asset metrics in bank financial disclosures.