Western Alliance Bancorporation Reports Third Quarter 2026 Financial Results
Western Alliance reported Q3 2026 net income of $277.2 million and diluted EPS of $2.45, up 6.4% and 7.5% year-over-year, with net revenue of $1.0 billion up 8.1% YoY. Profitability improved again: net interest margin expanded 4 basis points sequentially to 3.57%, PPNR rose 6.4% YoY to $419.1 million, and ROA and ROTCE (1.12% and 15.5%) increased for a second straight quarter. Asset quality strengthened as nonaccrual loans fell ~14% to 0.79% of HFI loans, ACL coverage of nonaccruals rose to 118%, and net charge-offs of 0.30% landed at the midpoint of 2026 guidance.
Key figures
- Eps
- 2.45
- Revenue
- $1.0 billion net revenue
- Guidance
- Net charge-offs declined to 0.30%, the midpoint of the 2026 guidance range
- Revenue Yoy
- 8.1%
- Nim
- 3.57%
- Roa
- 1.12%
- Ppnr
- 419100000
- Rotce
- 15.5%
- Hfi loans
- 61500000000
- Cet1 ratio
- 10.9%
- Net income
- 277200000
- Total deposits
- 81800000000
- Buyback quarter
- $92.1 million (1.15 million shares at avg $79.78)
- Efficiency ratio
- 58.1%
- Nonaccrual ratio
- 0.79%
- Net interest income
- 807600000
- Book value per share
- 68.14
- Net charge off ratio
- 0.30%
- Acl coverage nonaccrual
- 118%
- Provision for credit losses
- 80000000
- Tangible book value per share
- 62.22
AI analysis
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