| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 24.50 | 4.3% | 61.2% |
| Total Income | 24.50 | 4.3% | 61.2% |
| Expenditure | -282.20 | 8.4% | 19.1% |
| PBT | 313.80 | 7.7% | 24.5% |
| Net Profit | 253.40 | 10.0% | 26.8% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 2.30 | 10.6% | 27.1% |
Western Alliance Bancorp Reports Q3 2025 Net Income of $260.5 Million
04 May 2026 · 4 May, 8:59 am
Summary
Western Alliance Bancorporation reported a solid third quarter in 2025, with net income reaching $260.5 million and earnings per share at $2.28. The company experienced growth in both loans and deposits, contributing to total assets exceeding $90 billion. Asset quality remained stable, with criticized assets declining and net loan charge-offs unchanged. Tangible book value per share increased significantly year-over-year, reflecting the company's strong financial position.
Key Highlights
- 1
Western Alliance achieved a net income of $260.5 million and earnings per share of $2.28 in the third quarter of 2025.
- 2
Pre-provision net revenue reached a record $393.8 million, driven by healthy balance sheet growth and stable margins.
- 3
Total assets exceeded $90 billion, supported by quarterly loan and deposit growth of $707 million and $6.1 billion, respectively.
- 4
Tangible book value per share climbed 12.7% year-over-year to $58.56.
- 5
The company's CET 1 ratio stood at 11.3%.
Management Comments
Kenneth A. Vecchione
Western Alliance achieved solid third quarter results with net income of $261 million and earnings per share of $2.28, up 10.1% from last quarter and 26.7% year-over-year. Healthy balance sheet growth and stable margins supported continued expansion of net interest income, which, alongside firming mortgage banking revenue, generated record PPNR¹ of $394 million. Quarterly loan and deposit growth of $707 million and $6.1 billion, respectively, boosted total assets over $90 billion. Asset quality continued to perform in line with guidance with our total criticized assets declining $284 million quarterly, nonperforming loans and repossessed assets to total assets ratio decreasing 2 basis points to 0.72% and net loan charge-offs to average loans remained unchanged from last quarter at 0.22%. Related to the Cantor Group V loan, although the most recent appraisals indicate sufficient collateral coverage, our reserve methodology for a $98 million non-accrual loan resulted in a reserve of $30 million. That reserve, in combination with our portfolio's qualitative overlays, raised our allowance to total funded HFI loans to 0.85%. Tangible book value per share1 climbed 12.7% year-over-year to $58.56 with a CET 1 ratio of 11.3%.”
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