Western Alliance Q1 FY26 net income falls 5% to $189.2 million

Western Alliance Bancorp

Western Alliance Bancorp

WAL

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  • Western Alliance Bancorporation posted net income available to common stockholders of $178.9 million, down 8.7% from the year-ago quarter, with diluted EPS of $1.65.
  • Net revenue climbed to $1.02 billion, while non-interest expense increased to $574.4 million.
  • Provision for credit losses rose to $213.2 million, pushing annualized net loan charge-offs to average loans outstanding up to 1.45%.
  • Total deposits grew 7.2% to $82.7 billion, while loans held for investment edged up 0.8% to $59.1 billion.
  • Leucadia Asset Management LLC loan charge-off totaled $126.4 million, while Cantor Group V, LLC charge-off was $26.1 million; CRE non-owner occupied charge-offs were $27.7 million, primarily tied to office properties.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Alliance Bancorporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-033054), on May 11, 2026, and is solely responsible for the information contained therein.