Western Alliance Bancorporation Reports First Quarter 2026 Financial Results
Western Alliance reported Q1 2026 net income of $189.2 million ($1.65 EPS), sharply down from the prior year and quarter due to $213.2 million in credit provisions driven by two specific fraud-related charge-offs totaling $152.5 million. Excluding these notable items, adjusted earnings were stronger at $251.3 million ($2.22 EPS), supported by net revenue growth of 31% year-over-year to $1.0 billion and a 3 basis point expansion in net interest margin to 3.54%.
Key figures
- Eps
- 1.65
- Revenue
- $1.0 billion
- Revenue Yoy
- 31.0%
- Ppnr
- 444500000
- Net Income
- 189200000
- Eps Adjusted
- 2.22
- Deposit Growth Qoq
- $5.6 billion
- Net Income Adjusted
- 251300000
- Net Interest Margin
- 3.54%
- Provision For Credit Losses
- 213200000
- Tangible Book Value Per Share
- 61.14
- Net Loan Charge Offs Annualized
- 1.45%
- Net Loan Charge Offs Annualized Adjusted
- 0.39%
AI analysis
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