WAL
Western Alliance Bancorporation86.20
+0.02+0.02%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Specialty deposits drive cost relief
Q&A reaffirmed peer-leading 2026 organic growth guidance but unpacked Dale Gibbons' specialty deposit push—HOA at #1, Juris tripling loans, 24/7 digital assets, top-10 CLO trust, BES—targeting 30%+ expansion at lower costs to lift NIM modestly despite cuts. Charge-offs front-loaded above 30bps midpoint to clear nonaccruals by midyear; office classifieds down one-third. Mortgage fees eyed for 10%+ upside on policy tailwinds, MSR tweaks. Credit updates: First Brands paying down fast, Cantor appraisals due March. No M&A appetite. Specialties insulate spreads. Watch deposit remix, NCO cleanup.
Key Stats
Market Cap
9.51BP/E (TTM)
10.66Basic EPS (TTM)
8.09Dividend Yield
0.02%Recent Filings
8-K
Loan default triggers $126M charge-off
Western Alliance Bancorporation recorded a $126.4 million non-cash impairment on March 2, 2026, after Jefferies and LAM affiliates defaulted on a commercial loan forbearance, skipping a $42.125 million payment. The bank sued for breach and fraud. Offsets via $50 million securities gains and $50 million expense cuts blunt the hit. Capital stays rock-solid.
10-K
FY2025 results
Western Alliance Bancorporation posted FY2025 net income of $990.6 million, up from $787.7 million in 2024, fueled by 12% net revenue growth to $3.5 billion on 16% deposit expansion to $77.2 billion and 9% HFI loan rise to $58.7 billion, yet Q4 saw CRE pressures with $55.5 million charge-offs on office loans and nonperformers ticking to 0.69% of assets. Commercial & industrial loans swelled 21% y/y to 48% of portfolio, powering net interest income up 9% to $2.9 billion despite 7bp NIM compression to 3.51%; efficiency improved to 58.9%. Repurchased $68 million in shares under $300 million authorization; CET1 held 11.0%. CRE market weakness risks quarterly momentum.
8-K
Investor Day set for May 12
8-K
Quarterly dividends declared
Western Alliance Bancorporation's board declared a quarterly $0.42 per share common stock dividend on February 5, 2026, payable March 6 to holders of record February 20. It also approved $106.25 per share ($0.265625 per depositary share) on Series A preferred stock, payable March 30 to record March 13. Steady payout signals confidence. No changes from prior quarters disclosed.
8-K
Q4 EPS $2.59, loans up $2B
Western Alliance Bancorporation reported Q4 net income of $293.2 million and EPS of $2.59, up 35% and 33% year-over-year, fueled by $2.0 billion HFI loan growth to $58.7 billion and record PPNR of $428.7 million. Deposits held steady at $77.2 billion despite seasonal runoff, while NIM dipped to 3.51%; asset quality stayed solid with nonperformers at 0.85%. Loans grew robustly. Management eyes 2026 loan expansion.
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