Quarterly ResultJul 21, 2026, 04:22 PM
Western Alliance Q2 Net Income $268.8M, EPS $2.36
AI Summary
Western Alliance Bancorporation reported solid second quarter 2026 financial results with net income of $268.8 million and diluted earnings per share of $2.36, representing significant year-over-year increases. The company achieved robust loan growth, with HFI loans rising $1.8 billion quarter-over-quarter to $60.9 billion. Total deposits decreased by $849 million quarter-over-quarter as the company initiated a deposit optimization strategy. Asset quality trends showed improvement with a decrease in net charge-offs, though nonaccrual loans saw a slight increase.
Key Highlights
- Net income reached $268.8 million, up 13.0% year-over-year.
- Diluted earnings per share was $2.36, an increase of 14.0% year-over-year.
- HFI loans grew $1.8 billion quarter-over-quarter to $60.9 billion.
- Total deposits decreased $849 million quarter-over-quarter to $81.9 billion.
- Net interest margin remained stable at 3.53% for the quarter.
- Tangible book value per share increased 13.2% year-over-year to $63.24.
- Nonaccrual loans to funded HFI loans increased to 0.92% from 0.83% QoQ.
- Annualized net loan charge-offs declined to 0.37% from 1.45% quarter-over-quarter.
Price Impact
More from WAL