WESTERN ALLIANCE BANCORPORATION

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.

Western Alliance Bancorporation held its Annual Meeting of Stockholders on June 10, 2026, with 90.3% of shares voted. Shareholders elected all thirteen director nominees for a one-year term expiring in 2027. Additionally, they approved the non-binding advisory vote on executive compensation and ratified RSM US LLP as the independent auditor for fiscal year 2026.

Western Alliance Bancorporation announced the resignation of Stephen Curley, its Chief Banking Officer for National Business Lines, effective May 8, 2026. Mr. Curley is departing to take on a new role as Chief Executive Officer within the financial services industry.

Western Alliance Bancorporation hosted its Investor Day 2026, outlining its strategic vision and providing medium-term financial guidance. The company emphasized its position as a premier national commercial bank driven by disciplined growth, diversified specialty markets, and innovation. Management highlighted its strong balance sheet, industry-leading profitability, and a clear path to sustained high returns.

Western Alliance Bancorporation's Board of Directors declared a quarterly cash dividend of $0.42 per share for common stock, payable on May 29, 2026, to shareholders of record as of May 14, 2026. Additionally, the Board declared a quarterly cash dividend of $106.25 per share (or $0.265625 per depositary share) on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on June 30, 2026, to shareholders of record as of June 15, 2026.

Western Alliance Bancorporation has announced its earnings call for the first quarter of 2026. The call is scheduled to take place on April 22, 2026. This event will provide an opportunity for the company to discuss its financial performance and outlook with investors and analysts.