{"id":41173,"date":"2026-07-22T01:20:00","date_gmt":"2026-07-21T23:20:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=d088147f00e4eacb7f7f66ba0f8768ae"},"modified":"2026-07-22T01:20:00","modified_gmt":"2026-07-21T23:20:00","slug":"western-alliance-bancorporation-reports-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=41173","title":{"rendered":"Western Alliance Bancorporation Reports\u00a0Second Quarter 2026 Financial Results"},"content":{"rendered":"

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE:WAL):<\/p><\/a><\/a>

\nSECOND QUARTER 2026 FINANCIAL RESULTS<\/b><\/p>\n\n\n\n\n

\nQuarter Highlights:<\/b><\/p><\/td><\/tr>\n

\nNet income<\/b><\/p><\/td>

\n

\nDiluted earnings per share<\/b><\/p><\/td>

\n

\nPPNR1<\/sup><\/span><\/b><\/p><\/td>

\n

\nNet interest margin<\/b><\/p><\/td>

\n

\nEfficiency ratio1<\/sup><\/span><\/b><\/p><\/td>

\n

\nBook value per<\/b><\/p>

\ncommon share<\/b><\/p><\/td><\/tr>\n

\n$268.8 million<\/b><\/p><\/td>

\n

\n$2.36<\/b><\/p><\/td>

\n

\n$412.4 million<\/b><\/p><\/td>

\n

\n3.53%<\/b><\/p><\/td>

\n

\n58.0%<\/b><\/p><\/td>

\n

\n$69.11<\/b><\/p><\/td><\/tr>\n

\n\n\n\n

\n48.9%, adjusted for deposit costs1<\/sup><\/p><\/td>

\n

\n$63.24, excluding<\/p>

\ngoodwill and intangibles1<\/sup><\/p><\/td><\/tr>\n<\/table>\n\n\n

\nCEO COMMENTARY:<\/p><\/td><\/tr>\n

\n\"Western Alliance generated solid financial results in the second quarter, highlighted by strong, pre-provision net revenue1<\/sup>, diversified and robust loan growth, the launch of our deposit optimization strategy, and stable asset quality,\" said Kenneth A. Vecchione, Chairman, President and Chief Executive Officer. \"Earnings per share of $2.36, rose 6.3% from an adjusted EPS2<\/sup> of $2.22 in the prior quarter. Our results were driven by quarterly HFI loan growth of $1.8 billion, which reflected ongoing momentum in our C&I businesses. Net interest income rose 4% from the prior quarter, primarily from a $2.7 billion increase in average earning assets, and benefitted from a stable net interest margin, which was supported by lower funding costs. Asset quality trends continue to improve. Special mention and classified accruing loans declined approximately 22% and 3.3%, respectively, while net charge-offs declined 2 basis points from the Q1 adjusted level to 0.37%. Tangible book value per share1<\/sup> climbed 13.2% year-over-year to $63.24 and the CET1 ratio remained 11.0%, while our allowance for credit losses ratio increased 2 basis points to 0.89%.\"<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n

\nLINKED-QUARTER BASIS<\/p><\/td>

\nYEAR-OVER-YEAR<\/p><\/td><\/tr>\n

\nFINANCIAL HIGHLIGHTS:<\/p><\/td><\/tr>\n

    \n
  • \nNet income of $268.8 million and earnings per share of $2.36, up 42.1% and 43.0%, from $189.2 million and $1.65, respectively (or up 7.0% and 6.3%, respectively, from as adjusted2<\/sup> amounts of $251.3 million and $2.22, respectively)<\/li>\n
  • \nNet revenue of $995.7 million, a decrease of 2.3%, or $23.2 million, from $1.0 billion (or up 2.8%, or $27.3 million, from $968.4 million on an as adjusted2<\/sup> basis), compared to an increase in non-interest expenses of 1.5%, or $8.9 million<\/li>\n
  • \nPre-provision net revenue1<\/sup> of $412.4 million, down $32.1 million from $444.5 million (or up $18.4 million, or 4.7%, from $394.0 million, as adjusted2<\/sup>)<\/li>\n
  • \nEffective tax rate of 19.0%, compared to 18.2%<\/li>\n<\/ul>\n<\/td>
    \n
  • \nNet income of $268.8 million and earnings per share of $2.36, up 13.0% and 14.0%, from $237.8 million and $2.07, respectively<\/li>\n
  • \nNet revenue of $995.7 million, an increase of 17.7%, or $149.8 million, from $845.9 million, compared to an increase in non-interest expenses of 13.3%, or $68.6 million<\/li>\n
  • \nPre-provision net revenue1<\/sup> of $412.4 million, up $81.2 million from $331.2 million<\/li>\n
  • \nEffective tax rate of 19.0%, compared to 18.4%<\/li>\n<\/ul>\n<\/td><\/tr>\n

\nFINANCIAL POSITION RESULTS:<\/p><\/td><\/tr>\n

    \n
  • \nHFI loans of $60.9 billion, up $1.8 billion, or 3.1%<\/li>\n
  • \nTotal deposits of $81.9 billion, down $849 million, or 1.0%<\/li>\n
  • \nHFI loan-to-deposit ratio of 74.4%, up from 71.5%<\/li>\n
  • \nTotal equity of $8.1 billion, up $227 million, or 2.9%<\/li>\n<\/ul>\n<\/td>
    \n
  • \nIncrease in HFI loans of $5.0 billion, or 9.0%<\/li>\n
  • \nIncrease in total deposits of $10.8 billion, or 15.1%<\/li>\n
  • \nHFI loan-to-deposit ratio of 74.4%, down from 78.7%<\/li>\n
  • \nIncrease in total equity of $728 million, or 9.8%<\/li>\n<\/ul>\n<\/td><\/tr>\n

\nLOANS AND ASSET QUALITY:<\/p><\/td><\/tr>\n

    \n
  • \nNonperforming (nonaccrual) loans to funded HFI loans of 0.92%, increased from 0.83%<\/li>\n
  • \nCriticized loans of $1.3 billion, down $32 million from $1.4 billion<\/li>\n
  • \nSpecial mention loans of $316 million, down $87 million from $403 million<\/li>\n
  • \nRepossessed assets of $126 million, up $3 million from $123 million<\/li>\n
  • \nAnnualized net loan charge-offs to average loans outstanding of 0.37%, compared to 1.45% (or 0.39%, as adjusted2<\/sup>)<\/li>\n<\/ul>\n<\/td>
    \n
  • \nNonperforming (nonaccrual) loans to funded HFI loans of 0.92%, increased from 0.76%<\/li>\n
  • \nCriticized loans of $1.3 billion, down $168 million from $1.5 billion<\/li>\n
  • \nSpecial mention loans of $316 million, down $128 million from $444 million<\/li>\n
  • \nRepossessed assets of $126 million, down $92 million from $218 million<\/li>\n
  • \nAnnualized net loan charge-offs to average loans outstanding of 0.37%, compared to 0.22%<\/li>\n<\/ul>\n<\/td><\/tr>\n<\/table>\n\n\n
    1<\/sup><\/td>\n\n

    \nSee Reconciliation of Non-GAAP Financial Measures.<\/p><\/td><\/tr>\n

    2<\/sup><\/td>\n\n

    \nThe Company's first quarter 2026 financial results reflected provision for credit losses related to the charge-off of the remaining $126.4 million Leucadia Asset Management LLC (\"LAM\") loan, partially offset by $50.5 million in gains from security sales. The adjusted Q1-26 metrics exclude the impact of these items, as well as a $26.1 million charge-off from the specific reserve previously established on the Cantor Group V, LLC (\"Cantor\") loan. Refer to the reconciliations for non-GAAP financial measures that exclude the effects of these actions.<\/p><\/td><\/tr>\n<\/table>

    \nSECOND QUARTER 2026 FINANCIAL RESULTS<\/b><\/p>\n\n\n\n\n

    \nLINKED-QUARTER BASIS<\/p><\/td>

    \nYEAR-OVER-YEAR<\/p><\/td><\/tr>\n

    \n\u00a0<\/p><\/td>

    		\n<\/tr>\n

    \nKEY PERFORMANCE METRICS:<\/p><\/td><\/tr>\n

      \n
    • \nNet interest margin of 3.53%, essentially flat to 3.54%<\/li>\n
    • \nReturn on average assets and on tangible common equity1<\/sup> of 1.09% and 15.3%, compared to 0.80% (or 1.07%, as adjusted2<\/sup>) <\/sup>and 10.5% (or 14.2%, as adjusted2<\/sup>), respectively<\/li>\n
    • \nTangible common equity ratio1<\/sup> of 7.0%, increased from 6.8%<\/li>\n
    • \nCET 1 ratio of 11.0%, unchanged from 11.0%<\/li>\n
    • \nTangible book value per share1<\/sup>, net of tax, of $63.24, an increase of 3.4% from $61.14<\/li>\n
    • \nEfficiency ratio1<\/sup> of 58.0%, <\/sup>an increase of 2.2%, from 55.8%<\/li>\n
    • \nEfficiency ratio, adjusted for deposit costs1<\/sup> of 48.9%, an increase of 1.4% from 47.5%<\/li>\n<\/ul>\n<\/td>
      \n
    • \nNet interest margin of 3.53%, unchanged from 3.53%<\/li>\n
    • \nReturn on average assets and on tangible common equity1<\/sup> of 1.09% and 15.3%, compared to 1.10% and 14.9%, respectively<\/li>\n
    • \nTangible common equity ratio1<\/sup> of 7.0%, decreased from 7.2%<\/li>\n
    • \nCET 1 ratio of 11.0%, compared to 11.2%<\/li>\n
    • \nTangible book value per share1<\/sup>, net of tax, of $63.24, an increase of 13.2% from $55.87<\/li>\n
    • \nEfficiency ratio1<\/sup> of 58.0%, a decrease of 2.1%, from 60.1%<\/li>\n
    • \nEfficiency ratio, adjusted for deposit costs1<\/sup> of 48.9%, a decrease of 2.9%, from 51.8%<\/li>\n<\/ul>\n<\/td><\/tr>\n<\/table>\n\n\n\n

      \n1<\/sup><\/p><\/td>

      		\n

      \nSee Reconciliation of Non-GAAP Financial Measures.<\/p><\/td><\/tr>\n

      \n2<\/sup><\/p><\/td>

      		\n

      \nThe Company's first quarter 2026 financial results reflected provision for credit losses related to the charge-off of the remaining $126.4 million LAM loan, partially offset by $50.5 million in gains from security sales. The adjusted Q1-26 metrics below exclude the impact of these items, as well as a $26.1 million charge-off from the specific reserve previously established on the Cantor loan. Refer to the reconciliations for non-GAAP financial measures that exclude the effects of these actions.<\/p><\/td><\/tr>\n

      \n\n\u00a0<\/td>\n<\/tr>\n<\/table>

      \nIncome Statement<\/b><\/p>

      \nNet interest income totaled $796.9 million in the second quarter 2026, an increase of $30.6 million, or 4.0%, from $766.3 million in the first quarter 2026, and an increase of $99.3 million, or 14.2%, compared to the second quarter 2025. The increase in net interest income from the first quarter 2026 was primarily due to an increase in average interest bearing assets, which were partially offset by an increase in average interest bearing liabilities and declining yields on interest earning assets. The increase in net interest income from the second quarter 2025 was driven by an increase in average interest earning asset balances, partially offset by declining yields on these assets.<\/p>

      \nThe Company recorded a provision for credit losses of $80.4 million in the second quarter 2026, a decrease of $132.8 million from $213.2 million in the first quarter 2026, and an increase of $40.5 million from $39.9 million in the second quarter 2025. The decrease from the first quarter 2026 was primarily driven by lower charge-offs, as the first quarter 2026 provision for credit losses included a $126.4 million charge-off of the remaining LAM loan balance. The provision for credit losses during the second quarter 2026 was primarily driven by net charge-offs totaling $55.0 million and loan growth, which increased the total allowance for credit losses to funded HFI loans ratio from 87 to 89 basis points.<\/p>

      \nThe Company\u2019s net interest margin was 3.53% in the second quarter 2026, a decrease from 3.54% in the first quarter 2026, and flat from 3.53% in the second quarter 2025. Net interest margin decreased slightly from the first quarter 2026 due to an increase in average interest bearing liabilities and declining yields on interest earning assets, partially offset by an increase in average interest earning assets. Net interest margin was flat from the second quarter 2025 as a reduction in interest bearing liability costs was offset by declining yields on interest earning assets.<\/p>

      \nNon-interest income was $198.8 million for the second quarter 2026, compared to $252.6 million for the first quarter 2026, and $148.3 million for the second quarter 2025. The decrease in non-interest income of $53.8 million from the first quarter 2026 was primarily due to decreases in gain on sales of investment securities of $47.5 million, service charges and fees of $25.4 million, and net gain on mortgage loan origination and sale activities of $19.3 million, partially offset by an increase in net loan servicing revenue of $32.6 million. The increase in non-interest income of $50.5 million from the second quarter 2025 was primarily driven by increases in service charges and fees, net gain on mortgage loan origination and sale activities, fair value gain adjustments, and income from equity investments. These increases were partially offset by a reduction on gain on sales of investment securities and a decrease in net loan servicing revenue.<\/p>

      \nNet revenue totaled $995.7 million for the second quarter 2026, a decrease of $23.2 million, or 2.3%, compared to $1.0 billion for the first quarter 2026, and an increase of $149.8 million, or 17.7%, compared to $845.9 million for the second quarter 2025. Excluding $50.5 million of first quarter 2026 security sale gains, second quarter 2026 net revenue increased $27.3 million from adjusted2 <\/sup>net revenue of <\/sup>$968.4 million.<\/p>

      \nNon-interest expense was $583.3 million for the second quarter 2026, compared to $574.4 million for the first quarter 2026, and $514.7 million for the second quarter 2025. The increase in non-interest expense of $8.9 million from the first quarter 2026 was primarily due to an increase of $15.9 million in deposit costs driven by increased average mortgage warehouse related balances, partially offset by a decrease of $13.1 million in other non-interest expense. The decrease in other non-interest expense was primarily driven by decreased costs associated with Juris banking, which had a comparable decrease in service charges and fees within non-interest income. The increase in non-interest expense of $68.6 million from the second quarter 2025 was primarily attributable to increased deposit costs of $31.8 million and increased salaries and employee benefits of $24.4 million. These increases were partially offset by decreased insurance costs of $9.1 million.<\/p>

      \nThe Company's efficiency ratio was 58.0% for the second quarter 2026, compared to 55.8% for the first quarter 2026, and 60.1% for the second quarter 2025. The Company\u2019s efficiency ratio, adjusted for deposit costs1<\/sup>, was 48.9% for the second quarter 2026, compared to 47.5% in the first quarter 2026, and 51.8% for the second quarter 2025.<\/p>

      \nIncome tax expense was $63.2 million for the second quarter 2026, compared to $42.1 million for the first quarter 2026, and $53.5 million for the second quarter 2025. The increase in income tax expense from the first quarter 2026 was primarily driven by an increase in pretax income and decreases in investment tax credits and stock compensation benefits. The increase in income tax expense from the second quarter 2025 was primarily driven by an increase in pretax income and a decrease in investment tax credits.<\/p>

      \nNet income was $268.8 million for the second quarter 2026, an increase of $79.6 million from $189.2 million (or an increase of $17.5 million from $251.3 million, as adjusted2<\/sup>) for the first quarter 2026, and an increase of $31.0 million from $237.8 million for the second quarter 2025. Earnings per share totaled $2.36 for the second quarter 2026, compared to $1.65 (or $2.22, as adjusted2<\/sup>) for the first quarter 2026, and $2.07 for the second quarter 2025.<\/p>

      \nThe Company believes its pre-provision net revenue1<\/sup> (\"PPNR\"), which it defines as net revenue less non-interest expense, is a key metric for assessing the Company\u2019s earnings power. For the second quarter 2026, the Company\u2019s PPNR1<\/sup> was $412.4 million, down $32.1 million from $444.5 million (or an increase of $18.4 million from $394.0 million, as adjusted2<\/sup>) in the first quarter 2026, and up $81.2 million from $331.2 million in the second quarter 2025.<\/p>\n\n\n\n

      \n1<\/sup><\/p><\/td>

      		\n

      \nSee Reconciliation of Non-GAAP Financial Measures.<\/p><\/td><\/tr>\n

      \n2<\/sup><\/p><\/td>

      		\n

      \nThe Company's first quarter and year-to-date 2026 financial results reflect the impact to provision for credit losses, arising from the charge-off of the remaining $126.4 million balance of the LAM loan in the first quarter 2026. This impact was partially offset by $50.5 million in gains from security sales for the first quarter 2026. Refer to the reconciliations for non-GAAP financial measures that exclude the effects of these actions.<\/p><\/td><\/tr>\n

      \n\n\u00a0<\/td>\n<\/tr>\n<\/table>

      \nBalance Sheet<\/b><\/p>

      \nHFI loans, net of deferred fees, totaled $60.9 billion at June 30, 2026, compared to $59.1 billion at March 31, 2026, and $55.9 billion at June 30, 2025. The increase in HFI loans of $1.8 billion from the prior quarter was primarily driven by increases of $1.5 billion and $283 million in commercial and industrial loans and residential real estate loans, respectively. The increase in HFI loans of $5.0 billion from June 30, 2025 was primarily driven by increases of $4.8 billion and $583 million in commercial and industrial and residential real estate loans, respectively, partially offset by decreases of $285 million and $171 million in construction and land development and commercial real estate owner occupied loans, respectively. HFS loans totaled $4.3 billion at June 30, 2026, $3.9 billion at March 31, 2026, and $3.0 billion at June 30, 2025. The increase in HFS loans of $411 million from March 31, 2026 was primarily driven by increases of $322 million and $138 million in agency-conforming and government-insured or guaranteed mortgage loans, respectively. The increase in HFS loans of $1.3 billion from June 30, 2025 was primarily driven by increases of $670 million and $514 million in government-insured or guaranteed and agency-conforming mortgage loans, respectively.<\/p>

      \nThe Company's allowance for credit losses on HFI loans consists of an allowance for funded HFI loans and an allowance for unfunded loan commitments. The allowance for loan losses to funded HFI loans ratio was 0.80% at June 30, 2026, 0.78% at March 31, 2026, and 0.71% at June 30, 2025. The allowance for credit losses, which includes the allowance for unfunded loan commitments, to funded HFI loans ratio was 0.89% at June 30, 2026, 0.87% at March 31, 2026, and 0.78% at June 30, 2025. The Company is a party to credit linked note transactions which effectively transfer a portion of the risk of losses on reference pools of loans to the purchasers of the notes. The Company is protected from first credit losses on reference pools of loans totaling $7.8 billion, $7.9 billion, and $8.4 billion as of June 30, 2026, March 31, 2026, and June 30, 2025, respectively, under these transactions. However, as these note transactions are considered to be free standing credit enhancements, the allowance for credit losses cannot be reduced by the expected credit losses that may be mitigated by these notes. Accordingly, the allowance for loan and credit losses ratios include an allowance related to these pools of loans of $10.2 million as of June 30, 2026, $11.2 million as of March 31, 2026, and $11.8 million as of June 30, 2025. The allowance for credit losses to funded HFI loans ratio, adjusted to reduce the HFI loan balance by the amount of loans in covered reference pools, was 1.01% at June 30, 2026, 1.00% at March 31, 2026, and 0.91% at June 30, 2025.<\/p>

      \nDeposits totaled $81.9 billion at June 30, 2026, a decrease of $849 million from March 31, 2026, and an increase of $10.8 billion from $71.1 billion at June 30, 2025. The decline in deposits from the prior quarter reflected the Company's deposit optimization strategy to reduce higher-cost balances, which drove decreases of $528 million, $258 million, and $126 million from savings and money market accounts, non-interest bearing deposits, and interest-bearing demand deposits, respectively. From June 30, 2025, non-interest bearing deposits, interest-bearing demand deposits, and savings and money market accounts increased $4.8 billion, $3.6 billion, and $2.7 billion, respectively. Non-interest bearing deposits totaled $27.8 billion at June 30, 2026, compared to $28.1 billion at March 31, 2026, and $23.0 billion at June 30, 2025.<\/p>

      \nThe table below shows the Company's deposit types as a percentage of total deposits:<\/p>\n\n\n\n\n\n

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \nJun 30, 2026<\/b><\/p><\/td>

      \n\u00a0<\/p><\/td>

      \nMar 31, 2026<\/b><\/p><\/td>

      \n\u00a0<\/p><\/td>

      \nJun 30, 2025<\/b><\/p><\/td><\/tr>\n

      \nNon-interest bearing<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n34.0<\/p><\/td>

      \n%<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n34.0<\/p><\/td>

      \n%<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n32.3<\/p><\/td>

      \n%<\/p><\/td><\/tr>\n

      \nInterest-bearing demand<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n23.5<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n23.4<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n22.0<\/p><\/td>

      \n\u00a0<\/p><\/td><\/tr>\n

      \nSavings and money market<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n30.4<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n30.7<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n31.3<\/p><\/td>

      \n\u00a0<\/p><\/td><\/tr>\n

      \nCertificates of deposit<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n12.1<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n11.9<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n\u00a0<\/p><\/td>

      \n14.4<\/p><\/td>

      \n\u00a0<\/p><\/td><\/tr>\n<\/table>

      \nThe Company\u2019s ratio of HFI loans to deposits was 74.4% at June 30, 2026, compared to 71.5% at March 31, 2026, and 78.7% at June 30, 2025.<\/p>

      \nBorrowings totaled $6.2 billion at June 30, 2026, $5.6 billion at March 31, 2026, and $6.1 billion at June 30, 2025. Borrowings increased $626 million from March 31, 2026 driven by a $393 million increase in long-term borrowings and a $234 million increase in short-term borrowings. Borrowings increased $184 million from June 30, 2025, reflecting an increase in short-term borrowings of $1.6 billion, partially offset by a $1.4 billion decrease in long-term borrowings.<\/p>

      \nQualifying debt totaled $1.1 billion at June 30, 2026 and March 31, 2026, up from $678 million at June 30, 2025. The increase in qualifying debt from June 30, 2025 was primarily due to the issuance of $400 million of subordinated debt during the quarter ended December 31, 2025.<\/p>

      \nTotal equity was $8.1 billion at June 30, 2026, compared to $7.9 billion at March 31, 2026, and $7.4 billion at June 30, 2025. The increase in total equity from the prior quarter was primarily due to net income of $268.8 million, partially offset by cash dividends paid during the second quarter, comprised of $45.9 million, or $0.42 per common share, $3.2 million, or $0.27 per depositary share, and $7.1 million on preferred stock of the Company's REIT subsidiary. The increase in equity from June 30, 2025 was primarily driven by net income, partially offset by dividends to stockholders and share repurchases. The Company has repurchased 1.6 million shares for $120.4 million under the Company's $300 million share repurchase program since its inception in the third quarter 2025.<\/p>

      \nThe Company's common equity tier 1 capital ratio was 11.0% at June 30, 2026 and March 31, 2026, and 11.2% at June 30, 2025. At June 30, 2026, tangible common equity, net of tax1<\/sup>, was 7.0% of tangible assets1<\/sup> and total capital was 14.1% of risk-weighted assets. The Company\u2019s tangible book value per share1<\/sup> was $63.24 at June 30, 2026, an increase of 3.4% from $61.14 at March 31, 2026, and an increase of 13.2% from $55.87 at June 30, 2025. The increase in tangible book value per share from June 30, 2025 was primarily attributable to net income.<\/p>

      \nTotal assets decreased $152 million, or 0.2%, to $98.7 billion at June 30, 2026 from $98.9 billion at March 31, 2026, and increased 13.8% from $86.7 billion at June 30, 2025. The decrease in total assets from March 31, 2026 was primarily driven by decreased cash, partially offset by increased HFI and HFS loans. The increase in total assets from June 30, 2025 was primarily driven by increased HFI and HFS loans, cash, and investment securities.<\/p>\n\n\n

      \n1<\/sup><\/p><\/td>

      		\n

      \nSee Reconciliation of Non-GAAP Financial Measures.<\/p><\/td><\/tr>\n

      \n\n\u00a0<\/td>\n<\/tr>\n<\/table>

      \nAsset Quality<\/b><\/p>

      \nProvision for credit losses totaled $80.4 million for the second quarter 2026, compared to $213.2 million for the first quarter 2026, and $39.9 million for the second quarter 2025. Net loan charge-offs in the second quarter 2026 totaled $55.0 million, or 0.37% of average loans (annualized), compared to $208.5 million (or $56.0 million, as adjusted1<\/sup>), or 1.45% (or 0.39%, as adjusted1<\/sup>) in the first quarter 2026, and $29.6 million, or 0.22%, in the second quarter 2025.<\/p>

      \nNonaccrual loans increased $70 million to $562 million during the quarter and increased $135 million from June 30, 2025. Loans past due 90 days and still accruing interest totaled $55 million at June 30, 2026, $56 million at March 31, 2026, and $51 million at June 30, 2025 (excluding government guaranteed loans of $248 million, $288 million, and $326 million, respectively). Loans past due 30-89 days and still accruing interest totaled $122 million at June 30, 2026, a decrease from $157 million at March 31, 2026, and a decrease from $175 million at June 30, 2025 (excluding government guaranteed loans of $102 million, $94 million, and $168 million, respectively). Criticized loans of $1.3 billion decreased $32 million during the quarter and decreased $168 million from June 30, 2025.<\/p>

      \nRepossessed assets totaled $126 million at June 30, 2026, compared to $123 million at March 31, 2026, and $218 million at June 30, 2025. Classified assets of $1.1 billion at June 30, 2026 increased $58 million from March 31, 2026, and decreased $133 million from June 30, 2025.<\/p>

      \nThe ratio of classified assets to Tier 1 capital plus the allowance for credit losses2<\/sup>, a common regulatory measure of asset quality, was 13.3% at June 30, 2026, compared to 13.0% at March 31, 2026, and 16.4% at June 30, 2025.<\/p>\n\n\n\n

      \n1<\/sup><\/p><\/td>

      		\n

      \nAdjusted to exclude fraud related charge-offs associated with the LAM and Cantor loans. Refer to the reconciliations for non-GAAP financial measures that exclude these charge-offs and related mitigation actions.<\/p><\/td><\/tr>\n

      \n2<\/sup><\/p><\/td>

      		\n

      \nThe allowance for credit losses used in this ratio is calculated in accordance with regulatory capital rules.<\/p><\/td><\/tr>\n

      \n\n\u00a0<\/td>\n<\/tr>\n<\/table>

      \nConference Call and Webcast<\/b><\/p>

      \nWestern Alliance Bancorporation will host a conference call and live webcast to discuss its second quarter 2026 financial results at 12:00 p.m. ET on Wednesday, July 22, 2026. Participants may access the call by dialing 1-833-461-5787 and using access code 808307916 or via live audio webcast using the website link https:\/\/events.q4inc.com\/attendee\/808307916<\/a>. The webcast is also available via the Company\u2019s website at www.westernalliancebancorporation.com<\/a>. Participants should log in at least 15 minutes early to receive instructions. The call will be recorded, and the webcast replay will remain available for one year.<\/p>

      \nReclassifications<\/b><\/p>

      \nCertain amounts in the Consolidated Income Statements for the prior periods have been reclassified to conform to the current presentation. The reclassifications have no effect on net income or stockholders\u2019 equity as previously reported.<\/p>

      \nUse of Non-GAAP Financial Information<\/b><\/p>

      \nThis press release contains both financial measures based on GAAP and non-GAAP based financial measures, which are used where management believes them to be helpful in understanding the Company\u2019s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.<\/p>

      \nCautionary Note Regarding Forward-Looking Statements<\/b><\/p>

      \nThis release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding our expectations with regard to our business, financial and operating results, including our deposits and deposit optimization strategy, liquidity and funding, changes in economic conditions and related impacts on the Company's business, future economic performance and dividends.<\/p><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td> Contacts<\/b>

      \nInvestors: Miles Pondelik, 602-346-7462\nEmail: MPondelik@westernalliancebank.com<\/a><\/p>

      \nMedia: Stephanie Whitlow, 480-998-6547\nEmail: SWhitlow@westernalliancebank.com<\/a><\/p> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"

      PHOENIX–(BUSINESS WIRE)–Western Alliance Bancorporation (NYSE:WAL):
      \nSECOND QUARTER 2026 FINANCIAL RESULTS<\/p>\n

      Quarter Highlights:<\/p>\n

      Net income<\/p>\n

      Diluted earnings per share<\/p>\n

      PPNR1<\/p>\n

      Net interest margin<\/p>\n

      Efficiency ratio1<\/p>\n

      Book value per
      \ncommon share<\/p>\n

      $26…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41173","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41173"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41173\/revisions"}],"predecessor-version":[{"id":41174,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41173\/revisions\/41174"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}