Earnings Flash (WAL) Western Alliance Bancorporation Reports Q3 Revenue $1.01B, vs. FactSet Est of $987.9M

Western Alliance Bancorp (WAL) reported Q3 2026 earnings with EPS of $2.45, beating estimates, but revenue was $1.01B and deposits fell to $81.76B. The company's P/S ratio is 2.09, below its historical median. Insiders have sold more shares than they've bought. WAL has a GF Score of 89/100, indicating strong growth and profitability but weak financial strength.

Western Alliance Bancorporation reported Q3 2026 revenue of $1.01 billion, beating estimates by 2.6%. Net interest income missed expectations by 1.3%, while EPS exceeded forecasts by 1%. The company's net interest margin and efficiency ratio also varied slightly from analyst projections.

Western Alliance Bancorporation reported Q3 2026 earnings with net income of $277.2 million, up 6.4% Y-o-Y. Key highlights include deposit optimization, reduced nonaccrual loans, and share repurchases. NIM expanded to 3.57%, and ROATCE was 15.5%. Loan growth was $600 million, with a CET1 ratio of 10.9%.

Western Alliance's WAL Q3 revenue missed estimates due to lower deposits, but EPS of $2.45 beat consensus. Net interest income rose 7.6% YoY to $807.6M, below expectations. Non-interest income increased 10.0% to $206.6M, above consensus. Total assets and deposits fell sequentially.

Western Alliance reported Q3 revenue below expectations due to lagging deposits, but earnings per share of $2.45 exceeded analyst estimates, up from $2.28 a year ago.

Western Alliance Bancorporation WAL reported Q3 earnings of $2.45 per share, beating estimates. Revenue was $1.01B, up from prior periods. The company adjusted its 2026 net interest income growth outlook down to 11%-12% but raised noninterest income growth guidance to 18%-21%. Deposit costs fell, and noninterest income rose due to investment securities gains.