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Western Alliance Bancorp
F:WEA

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Western Alliance Bancorp
F:WEA
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Price: 70 EUR -1.41% Market Closed
Market Cap: €7.7B

Western Alliance Bancorp
Investor Relations

Western Alliance Bancorp is the parent company of Western Alliance Bank, a regional bank that focuses on commercial banking rather than everyday consumer banking. It lends money, takes deposits, and provides cash-management and treasury services to businesses, real estate investors, and other commercial clients. The bank also serves niche customer groups such as developers, property owners, and specialty finance companies that need bankers who understand their industry. The company makes most of its money the traditional banking way: it earns interest on loans and investments, then collects fees for services like deposit accounts, payments, and other business-banking products. Its main customers are companies that want a relationship bank with lending capacity, industry expertise, and a range of deposit and payment tools. For depositors, it offers a place to keep operating cash; for borrowers, it provides financing tied to business growth, property ownership, or working capital needs. What makes Western Alliance different is its focus on specialized commercial niches instead of trying to be a broad consumer bank for everyone. That approach lets it build deeper relationships in selected industries and structure loans around the needs of those businesses. In practice, it acts as a finance partner in the middle of the value chain, connecting savings from depositors to credit for businesses that need tailored banking support.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 22, 2026
AI Summary
Q1 2026

Adjusted EPS: Western Alliance said first-quarter adjusted EPS was $2.22 after stripping out fraud-related items and securities sale gains, and management said the underlying business is still tracking well.

Deposit surge: Deposits jumped $5.6 billion in the quarter, far ahead of plan, putting the bank ahead of its 2026 deposit target and giving it more room to lower funding costs.

NIM expansion: Net interest margin rose 3 basis points to 3.54% as deposit costs fell 21 basis points, and management now expects NII growth to land toward the upper end of its 11% to 14% range.

Credit cleanup: Management said the two fraud-related credits are largely behind the company, and it believes the portfolio is past peak stress, especially in office CRE.

Guidance tweak: The company left major full-year targets unchanged, but now expects no rate cuts in its forecast, flat deposits in Q2, and a better mortgage and fee outlook.

Capital and buybacks: Western Alliance ended the quarter with CET1 at 11% and said it repurchased 700,000 shares in the quarter, while keeping capital priorities centered on growth, ratings, and flexibility.

Key Financials
Adjusted EPS
$2.22
Net interest income
$766 million
Net interest margin
3.54%
Deposit growth
$5.6 billion
Interest-bearing deposit costs
down 21 basis points
Total loans
$903 million
HFI loan growth
3.2% annualized QoQ
Noninterest income
approximately $253 million
Mortgage banking revenue
stable year over year
Noninterest expense
$574 million
Adjusted pre-provision net revenue
$394 million
Provision expense
$87 million
CET1 ratio
11%
ACL ratio
87 basis points
Classified assets to total assets
1.08%
Tangible common equity to tangible assets
6.8%
Return on average assets
1.07%
Return on average tangible common equity
14.2%
Share repurchases
700,000 shares
Share repurchases amount
$50 million
Total assets
just shy of $99 billion
Mortgage gain on sale margin
37 basis points
Mortgage production volume
up 18%
Basel III CET1 impact
81 basis points
Earnings Call Recording
Other Earnings Calls

Management

Mr. Dale M. Gibbons CPA
Vice Chairman, Executive VP & CFO
No Bio Available
Mr. Timothy R. Bruckner
Chief Banking Officer of Regional Banking
No Bio Available
Mr. Stephen R. Curley
Chief Banking Officer for National Business Lines
No Bio Available
Mr. James Kelly Ardrey Jr., CPA
Senior VP & Chief Accounting Officer
No Bio Available
Paulina Woo
Senior Director of Treasury Management, Corporate Finance, Public & Non-profit Finance
No Bio Available
Mr. Sonny Sonnenstein
Chief Information Officer
No Bio Available
Ms. Jessica H. Jarvi
Chief Legal Officer
No Bio Available
Ms. Barbara J. Kennedy
Chief Human Resource Officer
No Bio Available
Mr. Nicholas A. Wanat
Chief Audit Executive
No Bio Available
Mr. Eric D. Sockol
Senior VP & Business Development Officer of Technology Banking Group of Bridge Bank
No Bio Available

Contacts

Address
ARIZONA
Phoenix
1 E Washington St
Contacts
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