| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 45.70 | 32.0% | 94.5% |
| Total Income | 45.70 | 32.0% | 94.5% |
| Expenditure | -279.20 | 77.8% | 7.2% |
| PBT | 332.00 | 43.5% | 14.0% |
| Net Profit | 261.70 | 43.7% | 13.6% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 2.37 | 43.6% | 13.9% |
Western Alliance Bancorporation Reports Q2 2026 Financial Results
22 Jul 2026 · 22 Jul, 1:52 am
Summary
Western Alliance Bancorporation reported solid financial results for the second quarter of 2026, with net income rising 13.0% year-over-year to $268.8 million and diluted earnings per share increasing 14.0% to $2.36. Net revenue saw a significant year-over-year increase of 17.7% to $995.7 million, supported by strong loan growth and a substantial increase in total deposits. The company highlighted robust pre-provision net revenue and a continued increase in tangible book value per share, reflecting positive business momentum.
Key Highlights
- 1
Net income for the second quarter of 2026 was $268.8 million, an increase of 13.0% year-over-year.
- 2
Diluted earnings per share reached $2.36 in Q2 2026, up 14.0% compared to the prior year.
- 3
Net revenue for the second quarter of 2026 was $995.7 million, an increase of 17.7% year-over-year.
- 4
Pre-provision net revenue1 for Q2 2026 was $412.4 million, up $81.2 million from the prior year.
- 5
HFI loans totaled $60.9 billion at June 30, 2026, an increase of $5.0 billion, or 9.0%, year-over-year.
- 6
Total deposits increased by $10.8 billion, or 15.1%, year-over-year to $81.9 billion.
- 7
Tangible book value per share1 increased 13.2% year-over-year to $63.24.
Management Comments
Kenneth A. Vecchione
Western Alliance generated solid financial results in the second quarter, highlighted by strong, pre-provision net revenue1, diversified and robust loan growth, the launch of our deposit optimization strategy, and stable asset quality. Earnings per share of $2.36, rose 6.3% from an adjusted EPS2 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 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%.
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